WEEKLY NG MARKET COMMENTARY
| January 13, 2019
January 13, 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 10, 2019 (Northeast, Southeast, Midwest and Mountain).
NORTH AMERICAN RIG WATCH
| January 11, 2019
January 11, 2019
US: Baker Hughes shows 1075 active rigs as of January 11, 2019, unchanged from the previous week. Oil rigs decreased by -4 to 873 (ht: -4; vt-dir: unch), and gas-directed rigs increased by +4 to 202 (ht: +7; vt-dir: -3). Horizontal oil rigs increased by +1 in Permian (NM) and by +2 in Other areas not associated with a specific play, while declining by -6 in Anadarko (OK) and by -1 in Permian (TX). Horizontal gas rigs increased by +3 in Marcellus ( NEPA ), by +2 in Haynesville (LA), by +1 in Mar.....
EIA NG STORAGE REPORT
| January 10, 2019
January 10, 2019
Please note our extended U.S. and Canada tables covering the withdrawal season are included in the attachment. Based on the initial breakdown of our estimate for next week, we expect that, as of today East and Midwest inventories should be flat or at a surplus to last year’s levels. With four weeks in a row of mid-winter injections, this should put salt inventory levels at a ~100 bcf surplus to last year as of today…
NGL MARKET RECAP
| January 09, 2019
January 9, 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 08, 2019
January 8, 2019
For the week ending January 3, 2018, We are anticipating a -80 bcf draw for Thursday’s natural gas storage report as indicated by our pipeline scrapes. E: -9; MW: -32; MTN : -10; PAC : -15; SC: -14. There are currently 4 analysts reporting on Bloomberg with an average of -49 bcf and a standard deviation of 23. For the next four weeks (incl. this week) we are anticipating draws of: -80, -62, -154, -164 Total net imports averaged -3.63 bcf/d, up by +0.18 bcf/d week-on-week. During the same.....
WEEKLY NG MARKET COMMENTARY
| January 06, 2019
January 6, 2019
Please follow the link below to find our weekly natural gas commentary report, highlighting key trends in this week’s natural gas market.
NORTH AMERICAN RIG WATCH
| January 04, 2019
January 4, 2018
US: Baker Hughes shows 1075 active rigs as of January 04, 2019, lower by -8 from the previous week. Oil rigs decreased by -8 to 877 (ht: unch; vt-dir: -8), and gas-directed rigs were unchanged at 198 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +1 in Permian (TX) and by +1 in Other areas not associated with a specific play, while declining by -1 in Bakken (ND) and by -1 in Monterey (CA). Canada: Baker Hughes shows 76 active rigs as of January 04, 2019, higher by +6 from the pr.....
EIA NG STORAGE REPORT
| January 04, 2019
January 4, 2018
The EIA reported a -20 bcf decrease in inventories this week. It turns out our bearish estimate was in fact too bullish, with the number coming in -8 bcf below our estimate and a stunning -25 bcf below the Bloomberg median. The regions where we saw the largest misses were the Midwest, where our models overestimated draws by 4 bcf and Salt Cavern storage in the South Central where we underestimated injections by 4 bcf. Our initial estimate for the week ending January 3rd is a draw in the high.....
NGL MARKET RECAP
| January 04, 2019
January 4, 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.
NORTH AMERICAN RIG WATCH
| December 28, 2018
December 28, 2018
US: Baker Hughes shows 1083 active rigs as of December 28, 2018, higher by +3 from the previous week. Oil rigs increased by +2 to 885 (ht: +4; vt-dir: -2), and gas-directed rigs increased by +1 to 198 (ht: +1; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX) and by +2 in Other areas not associated with a specific play. Horizontal gas rigs increased by +1 in Haynesville (LA). Canada: Baker Hughes shows 70 active rigs as of December 28, 2018, lower by -61 from the previous we.....