CFTC COT
| October 25, 2013
Commitments of Traders Report - October 25, 2013
Today, the CFTC published its first Commitments of Traders ( COT ) report since the U.S. government shutdown. It includes data for reported date of October 1, and was originally scheduled to be published on October 4. As ICE data was published without interruption, today’s report includes all activity through October 1. The CFTC also announced the following schedule for delayed reports as they become available: - October 7 and October 14 dated reports will be published the week of Octo.....
NORTH AMERICAN RIG WATCH
| October 25, 2013
October 25, 2013
Baker Hughes shows 1,733 active rigs as of October 18, 2013, unchanged from the previous week. Oil rigs decreased by -4 to 1,357 (ht: -3; vt-dir: -1) and gas-directed rigs increased by +4 to 376 (ht: +2; vt-dir: +2). Horizontal oil rigs increased by +2 to 130 in the Permian (TX), while gas-directed horizontal rigs increased by +2 to 18 in the Eagle Ford (TX), but fell by -2 to 20 in the Marcellus ( SWPA ).
EIA NG STORAGE REPORT
| October 24, 2013
October 24, 2013
EIA reported an +87 bcf injection for the week ending October 18 (Bloomberg median +82 bcf). The 23 estimates submitted to Bloomberg varied from +70 bcf to +86 bcf with a standard deviation of 4 bcf. Our model showed +84 bcf. Nationwide natural gas-weighted HDDs increased by +13 to 49, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -10 to 12 CDDs. Total US: +87 bcf ( LCMC : +83 bcf, Bloomberg median: +82 bcf) East: +50 bcf West: +4 bcf Producing:.....
NGL MARKET RECAP
| October 23, 2013
October 23, 2013
In Focus: heavies exports to Canada In July, 92% of all US natural gasoline exports went to Canada, which was nearly 60% of total US gas plant production. Natural gasoline is the most valuable NGL and is used as a diluent to lower the viscosity of Canadian bitumen, allowing it to flow in pipelines. This export market is critical for gas producers who not only rely on the strength of the heavy portion of the NGL barrel for profitable fractionation spreads, but who also face declining domest.....
EIA NG STORAGE REPORT
| October 22, 2013
October 22, 2013
EIA reported a +77 bcf injection for the week ending October 11 (Bloomberg median +78 bcf). The 25 estimates submitted to Bloomberg varied from +72 bcf to +90 bcf with a standard deviation of 5 bcf. Our model showed +72 bcf. Nationwide natural gas-weighted HDDs increased by +13 to 49, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -10 to 12 CDDs. Total US: +77 bcf ( LCMC : +72 bcf, Bloomberg median: +78 bcf) East: +46 bcf West: +7 bcf Producing: .....
NORTH AMERICAN RIG WATCH
| October 18, 2013
October 18, 2013
Baker Hughes shows 1,733 active rigs as of October 18, 2013, lower by -3 from the previous week. Oil rigs decreased by -6 to 1,361 (ht: -12; vt-dir: +6) and gas-directed rigs increased by +3 to 372 (ht: +6; vt-dir: -3). Horizontal oil rigs fell by -3 to 86 in the Anadarko (OK) and by -2 to 148 in the Bakken (ND). Gas-directed horizontal rigs increased by +1 to 20 and 22 in the Marcellus (WV and SWPA , respectively) and also increased by +1 to 21 and 18 in the Haynesville (TX and LA, respectivel.....
NGL MARKET RECAP
| October 17, 2013
October 17, 2013
In Focus: Ethane dilemma With Mariner West already undergoing line-fill, and with ATEX set to join as early as the end of the year, the ethane take-away dilemma for Marcellus and Utica producers is close to resolution. But on the ground, midstream companies continue to develop their operational flexibility and integrity, and ethane remains a concern for both dry gas and NGL production. MarkWest’s footprint in the region is a good example of the increasing complexity: every gas plant (excep.....
NORTH AMERICAN RIG WATCH
| October 11, 2013
October 11, 2013
Baker Hughes shows 1,736 active rigs as of October 11, 2013, lower by -14 from the previous week. Oil rigs decreased by -5 to 1,367 (ht: +14; vt-dir: -19) and gas-directed rigs decreased by -9 to 369 (ht: -7; vt-dir: -2). Horizontal oil rigs increased by +6 in the Anadarko (TX) to 43 and by +3 to 130 in the Permian (TX), while vertical/directional oil rigs fell by -13 to 215 in states not associated with an active resource play. Gas-directed horizontal rigs sank by -6 to 19 in the Marcellus (WV).....
EIA NG STORAGE REPORT
| October 10, 2013
October 10, 2013
Please note this week’s report includes our expanded monthly tables. EIA reported a +90 bcf injection for the week ending October 4 (Bloomberg median +92 bcf, Bloomberg Whisper +88. The 27 estimates submitted to Bloomberg varied from +84 bcf to +108 bcf with a standard deviation of 6 bcf. Our model showed +87 bcf. Nationwide natural gas-weighted HDDs decreased by -7 to 21, while nationwide electricity-weighted cooling degree days reported by NOAA unchanged at 25 CDDs. Total US: +90 bcf.....
NGL MARKET RECAP
| October 09, 2013
October 4, 2013
Please find attached this week’s NGL Market Recap, which provides an overview of the US natural gas liquids ( NGL ) market through news and analysis, propane statistics and price relationships. In Focus: Propane for heat As winter approaches, propane as a heating fuel returns to the fore. Although only about 5% of US households use propane as a primary heating fuel, nearly 40% of all residential propane demand is located in the Midwest. Those consumers are facing a very different set of ma.....