NORTH AMERICAN RIG WATCH
| August 26, 2011
Schlumberger (Smith) STATS
STATS shows 1,786 active rigs as of August 26, 2011, unchanged from a week ago. Oil rigs were down by -12, (ht: -12, vt-dir: 0), and gas rigs were up by +12 (ht: +14, vt-dir: -2). Statistical summary is attached.
EIA NG STORAGE REPORT
| August 25, 2011
+73 bcf
EIA reported a +73 bcf build for the week ended August 19. This was just slightly below consensus estimates (Bloomberg median +74 bcf, Bloomberg whisper +77 bcf) but still well above the prior 5-year average (+55 bcf) and the year-ago build (+38 bcf). This build, while in line with the prior week’s build, still makes balances appear loose compared to the same week last year. At this point, closing the year-ago storage deficit by end-October is still very possible and Hurricane Irene could help.....
CFTC COT
| August 19, 2011
Commitment of Traders Report - August 19, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 16. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Data for the week ended August 16 suggest a relatively calmer market but does not reflect Thursday’s sell-off. Non-commercial net length in WTI has been on a broad downward tr.....
NORTH AMERICAN RIG WATCH
| August 19, 2011
Schlumberger (Smith) STATS
STATS shows 1,786 active rigs as of August 19, 2011 compared to 1,800 a week ago. Oil rigs were down by -10, (ht: -5, vt-dir: -5), and gas rigs were down by -4 (ht: -6, vt-dir: +2). Statistical summary is attached.
EIA NG STORAGE REPORT
| August 18, 2011
+50 bcf
EIA reported a +50 bcf build for the week ended August 12. This was just slightly above consensus estimates (Bloomberg median +47 bcf) and the prior 5-year average (+43 bcf) but well above the year-ago build (+28 bcf). On both year-ago and week-ago bases, this build makes balances appear looser; however, it should be noted that both last year’s build and last week’s build were bullish surprises. Even so, this week’s +50 bcf build combined with forecasts for milder weather going forward and a le.....
CFTC COT
| August 12, 2011
Commitment of Traders Report - August 12, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 9. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. This week’s data reflects the recent sell-off in global markets across the petroleum complex, natural gas and index investment in commodities. Non-commercial net length in the pe.....
NORTH AMERICAN RIG WATCH
| August 12, 2011
Schlumberger (Smith) STATS
STATS shows 1,800 active rigs as of August 12, 2011, compared to 1,779 a week ago. Oil rigs were up by 12 (ht: +1, vt-dir: +11), and gas rigs were up by 9 (ht: +6, vt-dir: +3). Statistical summary is attached.
EIA NG STORAGE REPORT
| August 11, 2011
+25 bcf
That was a bullish surprise! EIA reported a +25 bcf build for the week ended August 5. This was well below consensus estimates (Bloomberg median +35 bcf) and the year-ago build (+36 bcf) as well as below the prior 5-year average (+37 bcf). The market significantly overestimated this week’s build and, immediately following the announcement, the NYMEX front month contract jumped $0.20, hitting the $4.14/mmbtu mark. During the reference week, most of the producing region was — and still is — .....
CFTC COT
| August 05, 2011
Commitment of Traders Report - August 5, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended August 2. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercial net length declined across the petroleum complex during week ended August 2. We suspect that it was on account of the sell-off in global markets that started at th.....
NORTH AMERICAN RIG WATCH
| August 05, 2011
Schlumberger (Smith) STATS - NEW Report!
Dear clients, We are delighted to introduce our new report “U.S. Rig Watch – Schlumberger (Smith) STATS .” This new report contains oil and gas rigs broken by type (horizontal and vertical/directional), by target (oil and gas), and by formation/state in an easy-to-follow layout. U.S. Rig Watch will be published Fridays shortly after source data becomes available. Please do not hesitate to contact us at info@lcmc-research.com if you require any additional information or would like to prov.....