NORTH AMERICAN RIG WATCH
| January 11, 2013
January 11, 2013
STATS shows 1,640 active rigs as of January 4, 2013, lower by -9 for the week. Oil rigs fell by -3 to 1,264 (ht: -7; vt-dir: +4) and gas rigs declined by -6 to 376 (ht: -6; vt-dir: unchanged). Horizontal oil rigs in the Texas portion of the Anadarko Basin fell by -4 to 17 while horizontal gas rigs in the Eagle Ford declined by -5 to 37. Baker Hughes shows 1,757 active rigs as of January 4, 2013, which is unchanged from the previous week. Oil rigs increased by +5 to 1,323 (ht: +11; vt-dir: -6).....
EIA NG STORAGE REPORT
| January 11, 2013
January 10, 2013
EIA reported a -201 bcf withdrawal for the week ending January 4 (Bloomberg median -191 bcf, Bloomberg Whisper -193). The 26 estimates submitted to Bloomberg varied from -205 bcf to -174 bcf with a standard deviation of 7 bcf. Our model showed -192 bcf. Nationwide HDDs increased to 237, up by 26 week on week. Nationwide cooling degree days reported by NOAA remained at 1 CDD . Total US: -201 bcf ( LCMC : -192 bcf; Bloomberg median: -191 bcf) East: -113 bcf West: -27 bcf Producing: -61 b.....
CFTC COT
| January 04, 2013
Commitment of Traders Report - January 4, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 1 (data as of December 31). We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercials expanded net length across the petroleum complex for the third consecutive week (during the week ended January 1). Non-commercial net le.....
EIA NG STORAGE REPORT
| January 04, 2013
January 4, 2013
EIA reported a -135 bcf withdrawal for the week ending December 28 (Bloomberg median -130 bcf). The 23 estimates submitted to Bloomberg varied from -165 bcf to -111 bcf with a standard deviation of 11 bcf. Our model showed -129 bcf. Nationwide HDDs increased to 211, up by 51 week on week. Nationwide cooling degree days reported by NOAA dropped to 1 CDD . Total US: -135 bcf ( LCMC : -129 bcf; Bloomberg median: -130 bcf) East: -84 bcf West: -15 bcf Producing: -36 bcf Compared to the sam.....
NORTH AMERICAN RIG WATCH
| January 04, 2013
January 4, 2013
STATS shows 1,649 active rigs as of January 4, 2013, lower by -23 week-over-week. Oil rigs decreased by -13 to 1,267 (ht: +10; vt-dir: -23) while gas-directed rigs fell by -10 to 382 (ht: -7; vt-dir: -3). Horizontal oil rigs in the Oklahoma portion of the Anadarko Basin increased by +8 while vertical/directional oil rigs in the Permian Basin dropped by -8. Horizontal gas rigs increased by +4 in the northern Pennsylvania portion of the Marcellus but fell by a cumulative -6 in the Texas Barnett a.....
CFTC COT
| December 28, 2012
Commitment of Traders Report - December 28, 2012
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 25 (data as of December 24). We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. During the week ended December 25, non-commercials increased net length across the petroleum complex for the second consecutive week. Non-commercial n.....
EIA NG STORAGE REPORT
| December 28, 2012
December 28, 2012
EIA reported a -72 bcf withdrawal for the week ending December 21 (Bloomberg median -72 bcf). The 21 estimates submitted to Bloomberg varied from -87 bcf to -67 bcf with a standard deviation of 6 bcf. Our model showed -76 bcf. Nationwide HDDs remained flat at 160 week on week. Nationwide cooling degree days reported by NOAA also remained unchanged at 3 CDDs. Total US: -72 bcf ( LCMC : -76 bcf; Bloomberg median: -72 bcf) East: -42 bcf West: -18 bcf Producing: -12 bcf While the number of.....
NORTH AMERICAN RIG WATCH
| December 28, 2012
December 28, 2012
STATS shows 1,672 active rigs as of December 28, 2012, down -36 from the previous week. Oil rigs decreased by -40 to 1,280 (ht: -22, vt-dir: -18) and total gas rigs increased by +4 to 392 (ht: +3, vt-dir: +1). Twelve oil rigs pulled out of the Oklahoma portion of the Anadarko basin (ht: -9, vt-dir: -3) and horizontal rigs operating in the Eagle Ford fell by -6. Horizontal gas rigs in the Eagle Ford and Marcellus ( NEPA ) increased by +2 and +1, respectively. Baker Hughes shows 1,758 active ri.....
NORTH AMERICAN RIG WATCH
| December 21, 2012
December 21, 2012
STATS shows 1,708 active rigs as of December 21, 2012, up +3 from the previous week. Oil rigs increased by +3 to 1,320 (ht: +13, vt-dir: -10) and total gas rigs were unchanged, although rig types shifted (ht: +6, vt-dir: -6). Horizontal oil rigs increased by +6 in the Eagle Ford (TX) and by +4 in the Permian (TX). STATS shows +2 horizontal gas rigs were added in the Northeast and +3 rigs in the Southwest portions of the Marcellus (PA). Baker Hughes shows 1,769 active rigs as of December 21,.....
CFTC COT
| December 21, 2012
Commitment of Traders Report - December 21, 2012
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 18. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercial net length expanded across the petroleum complex during the week ended December 18. Non-commercials increased WTI net length by +14.1k to 241.5k in futures an.....