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.....
NORTH AMERICAN RIG WATCH
| October 04, 2013
REVISED: October 4, 2013
Updates charts on page 4 Baker Hughes shows 1,750 active rigs as of October 4, 2013, higher by +12 from the previous week. Oil rigs increased by +10 to 1,372 (ht: +9; vt-dir: +1) and gas-directed rigs increased by +2 to 378 (ht: +5; vt-dir: -3). Horizontal oil rigs increased by +2 in the Eagle Ford and Permian (TX) to 178 and 127, respectively, and rose by +3 to 37 in the Anadarko (TX). Gas-directed horizontal rigs were largely unchanged, but several plays posted slight increases, including th.....
NORTH AMERICAN RIG WATCH
| October 04, 2013
October 4, 2013
Baker Hughes shows 1,750 active rigs as of October 4, 2013, higher by +12 from the previous week. Oil rigs increased by +10 to 1,372 (ht: +9; vt-dir: +1) and gas-directed rigs increased by +2 to 378 (ht: +5; vt-dir: -3). Horizontal oil rigs increased by +2 in the Eagle Ford and Permian (TX) to 178 and 127, respectively, and rose by +3 to 37 in the Anadarko (TX). Gas-directed horizontal rigs were largely unchanged, but several plays posted increases of +1, including the Haynesville (LA & TX), Mar.....
EIA NG STORAGE REPORT
| October 03, 2013
September 27, 2013
EIA reported a +101 bcf injection for the week ending September 27 (Bloomberg median +95 bcf, Bloomberg Whisper +96. The 23 estimates submitted to Bloomberg varied from +90 bcf to +100 bcf with a standard deviation of 3 bcf. Our model showed +93 bcf. Nationwide natural gas-weighted HDDs increased by +3 and reached 28, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -14 to 25 CDDs. Total US: +101 bcf ( LCMC : +93 bcf, Bloomberg median: +95 bcf) East:.....
NGL MARKET RECAP
| October 02, 2013
*New Report* — October 2, 2013
LCMC Research is launching a new weekly natural gas liquids ( NGL ) report that will be published following the release of the EIA Petroleum Statistics on Wednesdays. The publication seeks to shed light on a complex market that crosses natural gas, residential/commercial heating, refining and blending, waterborne exports and petrochemical production. Please find attached this week’s NGL Market Recap, which provides an overview of the US natural gas liquids ( NGL ) market through news and .....