NORTH AMERICAN RIG WATCH
| September 02, 2016
September 2, 2016
Baker Hughes shows 495 active rigs as of September 2, 2016, higher by +8 from the previous week. Oil rigs increased by +1 to 407 (ht: +12; vt-dir: -11), while gas-directed rigs increased by +7 to 88 (ht: +4; vt-dir: +3). Horizontal oil rigs increased by +4 in Anadarko (OK), by +3 in Permian (TX), by +1 in Bakken (ND) and by +5 in Other, while decreasing by -1 in Eagle Ford (TX). Horizontal gas rigs increased by +1 in Marcellus ( NEPA ), by +1 in Marcellus ( SWPA ), by +1 in Marcellus (WV), and .....
EIA NG STORAGE REPORT
| September 01, 2016
September 1, 2016
The EIA reported a +51 bcf injection for the week ending August 25, reminding us the importance of discipline and focus in modeling. Our pipeline scrape model showed a +53 injection, but given the concerns we raised in our Tuesday blurb, we decided to publish the output of our secondary models. Our S&D estimate provided a +43 bcf for the reference week, in line with the Bloomberg median. At a regional level, inventory build in the Midwest once again caused the biggest surprise. East provid.....
NGL MARKET RECAP
| August 31, 2016
August 31, 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. COAL DELIVERIES TO POWER PLANTS
| August 31, 2016
September 2016
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through June 2016. The report contains volume and price data where available.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| August 30, 2016
August 30, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended August 25, 2016. Total net imports for the reference week averaged 0.91 bcf/d, lower by -0.08 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 2.44 bcf/d. Average natural gas demand in the power sector was 32.8 bcf/d, lower by -4.6 bcf/d week-over-week. During the reference week, the contiguous US observed 79 population-weighted CDDs, lower by -24 CDDs week over wee.....
CFTC COT
| August 29, 2016
Commitments of Traders Report – August 29, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 23. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent, gasoline, natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas increased by +23.2k to +174.3k in futures and rose by +20.0k to +195.9k in fut.....
NORTH AMERICAN RIG WATCH
| August 26, 2016
August 26, 2016
Baker Hughes shows 487 active rigs as of August 26, 2016, lower by -2 from the previous week. Oil rigs were unchanged at 406 (ht: -2; vt-dir: +2), while gas-directed rigs decreased to 81 (ht: -1; vt-dir: -1). Horizontal oil rigs increased by +1 in Permian (NM), while decreasing by -3 in Other. Horizontal gas rigs increased by +2 in Marcellus ( SWPA ), while decreasing by -1 in Eagle Ford (TX), by -1 in Marcellus (WV) and by -1 in Other.
EIA NG STORAGE REPORT
| August 25, 2016
August 25, 2016
The EIA reported a +11 bcf injection for the week ending August 18, coming in below our own number of +14 bcf and the Bloomberg median at +15 bcf. Midwest was the outlier region in this week’s results, with extreme heat in the East likely exacerbating the anomaly in the Midwest. Our model over-estimated the inventory build in the Midwest ( LCMC : +19 bcf) and underestimated it in the East ( LCMC : +9 bcf). Given that TCO and DOM injected a total of +11.8 bcf for the week, it was clear .....
NGL MARKET RECAP
| August 24, 2016
August 24, 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
| August 23, 2016
August 23, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended August 18, 2016. Total net imports for the reference week averaged 0.99 bcf/d, lower by -0.07 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 2.76 bcf/d. Average natural gas demand in the power sector was 37.3 bcf/d, higher by +1.2 bcf/d week-over-week. During the reference week, the contiguous US observed 102 population-weighted CDDs, higher by +5 CDDs week over w.....