NORTH AMERICAN RIG WATCH
| October 07, 2016
October 7, 2016
Baker Hughes shows 522 active rigs as of October 7, 2016, higher by +1 from the previous week. Oil rigs increased by +3 to 428 (ht: +6; vt-dir: -3), while gas-directed rigs decreased by -2 to 94 (ht: unch; vt-dir: -2). Horizontal oil rigs increased by +2 in Anadarko (TX), by +1 in Anadarko (OK), by +1 in Bakken (ND), by+1 in Permian (TX) and by +2 in Other, while decreasing by -1 in Permian (NM). Horizontal gas rigs increased by +1 in Barnett (TX), by +1 in Haynesville (LA), and by +1 in Marcell.....
EIA NG STORAGE REPORT
| October 06, 2016
October 6, 2016
The EIA reported a +80 bcf injection for the week ending September 29, above our estimate of +74 bcf and the Bloomberg median at +73 bcf. Out of the “big three” regions, our models got East right and underestimated Midwest and South Central injections. In the case of Midwest, population-weighted cooling degree days dropped sharply during the reference week – from a 7.02 on September 23, to 0.03 on September 29. On a weekly basis, the region lost 24 CDDs while adding 15 HDDs. Looking at the.....
NGL MARKET RECAP
| October 05, 2016
October 5, 2016
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
| October 04, 2016
October 4, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended September 29, 2016. Total net imports for the reference week averaged 1.7 bcf/d, higher by +0.21 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 1.49 bcf/d. Average natural gas demand in the power sector was 27.5 bcf/d, lower by -4.2 bcf/d week-over-week. During the reference week, the contiguous US observed 45 population-weighted CDDs, lower by -22 CDDs week over .....
CFTC COT
| October 03, 2016
Commitments of Traders Report – October 03, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 27. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, natural gas, heating oil and WTI , but decreased in Brent and gasoil during the reference week. Non-commercials net length in natural gas rose by +55.6k to +310.9k in futures and increased by .....
NORTH AMERICAN RIG WATCH
| September 30, 2016
September 30, 2016
Baker Hughes shows 521 active rigs as of September 30, 2016, higher by +11 from the previous week. Oil rigs increased by +7 to 425 (ht: +2; vt-dir: +5), while gas-directed rigs increased by +4 to 96 (ht: +3; vt-dir: +1). Horizontal oil rigs increased by +1 in Bakken (ND) and by +1 in Permian (NM). Horizontal gas rigs increased by +1 in Marcellus ( SWPA ), by +1 in Marcellus (WV), by +1 in Woodford (Arkoma) and by +1 in Fayetteville (AR), while decreasing by -1 in Eagle Ford (TX).
EIA NG STORAGE REPORT
| September 29, 2016
September 29, 2016
The EIA reported a +49 bcf injection for the week ending September 22, in line with our estimate of +49 bcf and lower than the Bloomberg median at +53 bcf. While we’re happy about the output of our “precious” flow model, the dynamics that led to this accurate forecast are worth a discussion. During the reference week, lower-48 observed 3 HDDs and 62 CDDs compared to the normal level of 23 HDDs and 32 CDDs for this time of the year. Given the nature of the flow models, and limitations of da.....
U.S. COAL DELIVERIES TO POWER PLANTS
| September 29, 2016
October 2016
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through July 2016. The report contains volume and price data where available.
NGL MARKET RECAP
| September 28, 2016
September 28, 2016
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
| September 27, 2016
September 27, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended September 22, 2016. Total net imports for the reference week averaged 1.49 bcf/d, higher by +1.17 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 1.58 bcf/d. Average natural gas demand in the power sector was 31.7 bcf/d, higher by +0.5 bcf/d week-over-week. During the reference week, the contiguous US observed 65 population-weighted CDDs, higher by +1 CDDs week ove.....