NORTH AMERICAN RIG WATCH
| January 06, 2017
January 6, 2017
Baker Hughes shows 664 active rigs as of January 6, 2017, higher by +7 from the previous week. Oil rigs increased by +4 to 529 (ht: +1; vt-dir: +3), and gas-directed rigs increased by +3 to 135 (ht: +1; vt-dir: +2). Horizontal oil rigs increased by +4 in Eagle Ford (TX) and by +1 in Permian (TX), while deceasing by -3 in Anadarko (TX) and by -1 in Other. Horizontal gas rigs increased by +1 in Eagle Ford (TX), by +1 in Haynesville (TX), by +1 in Marcellus ( NEPA ) and by +1 in Other, while decrea.....
EIA NG STORAGE REPORT
| January 05, 2017
January 5, 2017
The EIA reported a -49 bcf withdrawal for the week ending December 29, a much smaller draw than our estimate of -61 bcf and the Bloomberg median at -72 bcf. Barring a reporting error, we should look for an explanation in production and power burns. A supply boost would be expected at an average HH cash price of $3.61/mmbtu. Any incremental gas that was brought online during that period likely remained outside the reach of our scrape models, mostly in South Central. Indeed, salts injected +19 b.....
NGL MARKET RECAP
| January 05, 2017
January 5, 2017
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| January 04, 2017
January 4, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended December 29, 2016. Total net imports for the reference week averaged -0.72 bcf/d, lower by -0.94 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +1.83 bcf/d. Average natural gas demand in the power sector was 18.9 bcf/d, lower by -7.2 bcf/d week-over-week. During the reference week, the contiguous US observed 98 electric-weighted HDDs, lower by -58 HDDs week over we.....
CFTC COT
| January 03, 2017
Commitments of Traders Report – January 03, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 27. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent, gasoline, natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas grew by +18.6k to +415.5k in futures and increased by +1.8k to +436.6k in fu.....
NORTH AMERICAN RIG WATCH
| December 30, 2016
December 30, 2016
Baker Hughes shows 657 active rigs as of December 23, 2016, higher by +5 from the previous week. Oil rigs increased by +2 to 532 (ht: +4; vt-dir: -2), and gas-directed rigs increased by +3 to 132 (ht: +2; vt-dir: +1). Horizontal oil rigs increased by +3 in Permian (TX), by +2 in Anadarko (OK), by +1 in Anadarko (TX), by +1 in Bakken (ND) and by +1 in Permian (NM), while deceasing by -4 in Other. Horizontal gas rigs increased by +1 in Eagle Ford (TX), and by +1 in Other.
EIA NG STORAGE REPORT
| December 29, 2016
December 29, 2016
The EIA reported a -237 bcf withdrawal for the week ending December 22, a slightly smaller draw than our estimate of -245 bcf but larger than the Bloomberg median at -227 bcf. Even after the number was released and entered into our model, our model refused to provide a draw smaller than -242 bcf. We believe that differential may be due a holiday effect, limitations of the NG system, or of our model. Our Lower 48 model has been providing reasonably good results, but region-level estimates t.....
NGL MARKET RECAP
| December 29, 2016
December 29, 2016
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. COAL DELIVERIES TO POWER PLANTS
| December 29, 2016
January 2017
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through October 2016. The report contains volume and price data where available.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| December 27, 2016
December 27, 2016
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended December 22, 2016. Total net imports for the reference week averaged +0.22 bcf/d, lower by -0.40 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +1.72 bcf/d. Average natural gas demand in the power sector was 26.1 bcf/d, higher by +1.1 bcf/d week-over-week. During the reference week, the contiguous US observed 156 electric-weighted HDDs, higher by +5 HDDs week over .....