NORTH AMERICAN RIG WATCH
| January 13, 2012
Schlumberger (Smith) Rigs
STATS shows 1,843 active rigs as of January 13, 2012, down -6 rigs from a week ago. Oil rigs rose by +7 (ht: -1, vt-dir: +8) and total gas rigs dropped by -13 (ht: -4, vt-dir: -9). Eagle Ford Gas rigs dropped by -6 and Oil rigs rose by +7, which would imply re-classification.
EIA NG STORAGE REPORT
| January 12, 2012
-95 bcf
EIA reported a -95 bcf withdrawal for the week ended January 6 (Bloomberg median -89 bcf, Bloomberg Whisper -99 bcf). The 22 estimates submitted to Bloomberg varied from -70 bcf to -105 bcf with a standard deviation of 10 bcf. Our pipeline scrape model showed -95 bcf. Most weather models seem to have underestimated the withdrawal this time due to weather being milder week on week (176 HDDs vs. 186 HDDs). The difference is also more than what you expect from the holiday adjustment. Total U.....
CFTC COT
| January 06, 2012
Commitment of Traders Report - January 6, 2012
Please keep in mind that the annual rebalancing of the S&P GSCI and Dow Jones- UBS Commodity indexes will take place from January 9 to 13, and should be reflected in the CFTC data for January 10 and 17 (and in the reports dated January 13 and 20). Twenty percent of the rebalancing size is adjusted each day using the closing price of the futures contract on that day. Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 3......
NORTH AMERICAN RIG WATCH
| January 06, 2012
Schlumberger (Smith) Rigs
STATS shows 1,849 active rigs as of January 6, 2012, down -26 rigs from a week ago. Oil rigs rose by +1 (ht: +5, vt-dir: -4) and total gas rigs dropped by -27 (ht: -31, vt-dir: +4). West Virginia Marcellus horizontal gas rigs dropped by -14, from 42 to 28. Moreover, total number of horizontal oil rigs in WV remained zero, suggestion the sharp drop is not due to rig re-classification. It is likely that the suspension of operations at five wells used for disposing of hydraulic fracturing flowb.....
EIA NG STORAGE REPORT
| January 05, 2012
-76 bcf
EIA reported a -76 bcf withdrawal for the week ended December 30 (Bloomberg median -78 bcf, Bloomberg Whisper -74 bcf). The 23 estimates submitted to Bloomberg varied from -66 bcf to -95 bcf with a standard deviation of 9 bcf, an unusually broad range. Our pipeline scrape model showed -71 bcf, while most supply/demand models appear to have underestimated the impact of the holiday week, especially when combined with milder-than-normal temperatures during the reference week. Total US: -76 bcf .....
CFTC COT
| December 30, 2011
Commitment of Traders Report - December 30, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 13. 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 climbed in WTI , gasoline and heating oil during the week ended December 27. Non-commercials increased net length in WTI by 11.5k to 201.2k in f.....
NORTH AMERICAN RIG WATCH
| December 30, 2011
Schlumberger (Smith) Rigs
STATS shows 1,875 active rigs as of December 30, 2011, up +2 rigs from a week ago. Oil rigs rose by +1 (ht: +5, vt-dir: -4) and total gas rigs rose by +1 (ht: unch, vt-dir: +1).
EIA NG STORAGE REPORT
| December 29, 2011
-81 bcf
EIA reported a slightly smaller-than-expected 81 bcf withdrawal for the week ended December 23 (Bloomberg median -85 bcf, Bloomberg Whisper -84 bcf). This is the second consecutive week that the EIA announcement has been bearish relative to market expectation. However, while this week’s build came in below market expectation, weather adjusted, we view this week’s storage withdrawal as in line with last week. And while making balances appear tighter compared to the same week last year, this .....
CFTC COT
| December 23, 2011
Commitment of Traders Report - December 23, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 20. 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 declined in WTI , gasoline and heating oil during the week ended December 20. Non-commercials decreased net length in WTI by 11.4k to 189.6k in .....
NORTH AMERICAN RIG WATCH
| December 23, 2011
Schlumberger (Smith) Rigs
STATS shows 1,873 active rigs as of December 23, 2011, up +10 rigs from a week ago. Oil rigs rose by +10 (ht: +14, vt-dir: -4) and total gas rigs remained unchanged (ht: +4, vt-dir: -4).