NORTH AMERICAN RIG WATCH
| January 06, 2012
Schlumberger (Smith) Rigs
STATS shows 1,849 active rigs as of January 6, 2012, down -26 rigs from a week ago. Oil rigs rose by +1 (ht: +5, vt-dir: -4) and total gas rigs dropped by -27 (ht: -31, vt-dir: +4). West Virginia Marcellus horizontal gas rigs dropped by -14, from 42 to 28. Moreover, total number of horizontal oil rigs in WV remained zero, suggestion the sharp drop is not due to rig re-classification. It is likely that the suspension of operations at five wells used for disposing of hydraulic fracturing flowb.....
EIA NG STORAGE REPORT
| January 05, 2012
-76 bcf
EIA reported a -76 bcf withdrawal for the week ended December 30 (Bloomberg median -78 bcf, Bloomberg Whisper -74 bcf). The 23 estimates submitted to Bloomberg varied from -66 bcf to -95 bcf with a standard deviation of 9 bcf, an unusually broad range. Our pipeline scrape model showed -71 bcf, while most supply/demand models appear to have underestimated the impact of the holiday week, especially when combined with milder-than-normal temperatures during the reference week. Total US: -76 bcf .....
CFTC COT
| December 30, 2011
Commitment of Traders Report - December 30, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 13. 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 climbed in WTI , gasoline and heating oil during the week ended December 27. Non-commercials increased net length in WTI by 11.5k to 201.2k in f.....
NORTH AMERICAN RIG WATCH
| December 30, 2011
Schlumberger (Smith) Rigs
STATS shows 1,875 active rigs as of December 30, 2011, up +2 rigs from a week ago. Oil rigs rose by +1 (ht: +5, vt-dir: -4) and total gas rigs rose by +1 (ht: unch, vt-dir: +1).
EIA NG STORAGE REPORT
| December 29, 2011
-81 bcf
EIA reported a slightly smaller-than-expected 81 bcf withdrawal for the week ended December 23 (Bloomberg median -85 bcf, Bloomberg Whisper -84 bcf). This is the second consecutive week that the EIA announcement has been bearish relative to market expectation. However, while this week’s build came in below market expectation, weather adjusted, we view this week’s storage withdrawal as in line with last week. And while making balances appear tighter compared to the same week last year, this .....
CFTC COT
| December 23, 2011
Commitment of Traders Report - December 23, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 20. 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 in WTI , gasoline and heating oil during the week ended December 20. Non-commercials decreased net length in WTI by 11.4k to 189.6k in .....
NORTH AMERICAN RIG WATCH
| December 23, 2011
Schlumberger (Smith) Rigs
STATS shows 1,873 active rigs as of December 23, 2011, up +10 rigs from a week ago. Oil rigs rose by +10 (ht: +14, vt-dir: -4) and total gas rigs remained unchanged (ht: +4, vt-dir: -4).
EIA NG STORAGE REPORT
| December 22, 2011
-100 bcf
EIA reported a smaller-than-expected -100 bcf withdrawal for the week ended December 16 (Bloomberg median -105 bcf, Bloomberg Whisper -106 bcf). This is the first time in six weeks that the EIA announcement has come in bearish compared to expectation. And simply weather-adjusted, this build would make balances appear slightly looser week on week, but much of this loosening can be explained by the nearly 1 bcf/d increase in net imports during the reference week. And much of this increase in .....
CFTC COT
| December 16, 2011
Commitment of Traders Report - December 16, 2011
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended December 13. 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 climbed in WTI and gasoline but declined in heating oil during the week ended December 13. Non-commercials decreased net length in WTI by 1.4k .....
NORTH AMERICAN RIG WATCH
| December 16, 2011
Schlumberger (Smith) Rigs
STATS shows 1,863 active rigs as of December 16, 2011, down -4 rigs from a week ago. Oil rigs rose by +8 (ht: +4, vt-dir: +4) and gas rigs fell by -12 (ht: -4, vt-dir: -8).