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).
NORTH AMERICAN RIG WATCH
| January 18, 2019
January 18, 2019
US: Baker Hughes shows 1050 active rigs as of January 18, 2019, lower by -25 from the previous week. Oil rigs decreased by -21 to 852 (ht: -17; vt-dir: -4), and gas-directed rigs decreased by -4 to 198 (ht: -2; vt-dir: -2). Horizontal oil rigs increased by +2 in Bakken (ND) and by +3 in Other areas not associated with a specific play, while declining by -10 in Anadarko (OK), by -7 in Permian (TX), by -2 in Anadarko (TX), by -2 in Permian (NM) and by -1 in Monterey (CA). Horizontal gas rigs incr.....
EIA NG STORAGE REPORT
| January 17, 2019
January 17, 2019
Our initial estimate for the week ending January 17th is a draw in the high 150s. While the week ending January 17th is expected to show a draw close to the 5-yr average, if significant HDDs do materialize for the end of January we could once again test the lows of the 5-yr range…
NGL MARKET RECAP
| January 16, 2019
January 16, 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 15, 2019
January 15, 2018
For the week ending January 10, 2018, We are anticipating a -72 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -26; MW: -28; MTN : -7; PAC : -8; SC: -3. There are currently 3 analysts reporting on Bloomberg with an average of -85 bcf. For the next four weeks (incl. this week) we are anticipating draws of: -72, -158, -239, -264 Total net imports averaged -4.18 bcf/d, down by -0.19 bcf/d week-on-week. During the same week last year, U.S. net imp.....