NORTH AMERICAN RIG WATCH
| February 01, 2019
February 1, 2019
US: Baker Hughes shows 1045 active rigs as of February 01, 2019, lower by -14 from the previous week. Oil rigs decreased by -15 to 847 (ht: -7; vt-dir: -8), and gas-directed rigs increased by +1 to 198 (ht: unch; vt-dir: +1). Horizontal oil rigs increased by +1 in Anadarko (TX) and by +1 in Bakken (ND), while declining by -3 in Anadarko (OK), by -1 in Bakken (MT), by -1 in Permian (TX) and by -4 in Other areas not associated with a specific play. Canada: Baker Hughes shows 243 active rigs a.....
EIA NG STORAGE REPORT
| January 31, 2019
January 31, 2019
The EIA reported a -173 bcf decrease in inventories this week. This week’s draw was 15 bcf lower than our estimate and 22 bcf below the Bloomberg median. With this week’s lower than expected draw, our bias mentioned on Tuesday proved to be true as the error term in our models, which had been growing over the past 3-weeks, virtually disappeared this week. As mentioned on Tuesday, the upset would likely come from lower realized holiday demand levels, especially given that the holiday Monday was .....
NGL MARKET RECAP
| January 30, 2019
January 30, 2019
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 29, 2019
January 29, 2019
For the week ending January 24, 2018, We are anticipating a -188 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -48; MW: -70; MTN : -6; PAC : -8; SC: -56. There are currently 3 analysts reporting on Bloomberg with an average of -191 bcf. For the next four weeks (incl. this week) we are anticipating draws of: -188, -252, -125, -150 Total net imports averaged -2.71 bcf/d, up by +0.76 bcf/d week-on-week. During the same week last year, U.S. net i.....
WEEKLY NG MARKET COMMENTARY
| January 27, 2019
January 27, 2019
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market. Included are the regional balances for the week ending January 24, 2019 (Northeast, Southeast, Midwest and Mountain).
NORTH AMERICAN RIG WATCH
| January 25, 2019
January 25, 2019
US: Baker Hughes shows 1059 active rigs as of January 25, 2019, higher by +9 from the previous week. Oil rigs increased by +10 to 862 (ht: +1; vt-dir: +9), and gas-directed rigs decreased by -1 to 197 (ht: +2; vt-dir: -3). Horizontal oil rigs increased by +4 in Permian (NM) and by +2 in Bakken (ND), while declining by -3 in Permian (TX), by -1 in Bakken (MT) and by -1 in Eagle Ford (TX). Horizontal gas rigs increased by +1 in Eagle Ford (TX), by +1 in Marcellus (WV) and by +1 in Other areas not.....
EIA NG STORAGE REPORT
| January 24, 2019
January 24, 2019
The EIA reported a -163 bcf decrease in inventories this week. This week’s draw was 8 bcf greater than our estimate and 5 bcf above the Bloomberg median. As mentioned in our commentary on Wednesday, the below-average draws over the last 4 weeks likely led us to underestimate this week’s pull due to a bias in our error term, especially in the East region. Our initial estimate for the week ending January 24th is a draw in the 190s. If weather forecasts hold the coming week will likely be one.....
NGL MARKET RECAP
| January 24, 2019
January 24, 2019
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 23, 2019
January 23, 2019
For the week ending January 17, 2018, We are anticipating a -155 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -50; MW: -56; MTN : -7; PAC : -9; SC: -34. There are currently 3 analysts reporting on Bloomberg with an average of -109 bcf. For the next four weeks (incl. this week) we are anticipating draws of: -155, -180, -252, -202 Total net imports averaged -3.49 bcf/d, up by +0.65 bcf/d week-on-week. During the same week last year, U.S. net i.....
WEEKLY NG MARKET COMMENTARY
| January 21, 2019
January 21, 2018
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market. Included are the regional balances for the week ending January 17, 2019 (Northeast, Southeast, Midwest and Mountain).