NORTH AMERICAN RIG WATCH
| March 25, 2022
March 25, 2022
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 668 active rigs as of March 25, 2022, higher by +7 from the previous week. Oil rigs increased by +7 to 531 (ht: +4; vt-dir: +3), and gas-directed rigs were unchanged at 137 (ht: unch; vt-dir: unch). Horizontal oil rigs increased by +3 in Permian (TX), by +2 in Eagle Ford (TX), by +1 in Bakken (ND) and by +3 .....
EIA NG STORAGE REPORT
| March 24, 2022
March 24, 2022
Dear , The EIA reported a -51 bcf withdrawal, 13 bcf less than our estimate of -64 bcf and 8 bcf less than the Bloomberg median of -59 bcf. The following report includes updated balances for Winter 2021/22, Summer 2022, and Winter 2022/23. Our models are currently showing storage activity of +37, +6, +30, +53, +68, +83 bcf over the next six weeks for a total of +277 bcf, compared to +195 bcf for the same period last year and the five-year average of +191 bcf.
NGL MARKET RECAP
| March 23, 2022
March 23, 2022
Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| March 22, 2022
March 22, 2022
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending March 17, 2022: LCMC 6-wk NG storage estimate: -64, +41, +14, +38, +57, +74. Total +160 vs +112 LY and +51 5-yr avg. This week by region: E: -25; MW: -21, MTN: -2, PAC: +1; SC: -17 (S: -8, NS: -9). 2 analysts reported on BBG with an average of -52 bcf. Total net exports.....
CFTC COT
| March 18, 2022
March 18, 2022
Please find below the links to data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 15. We provide all Legacy and Disaggregated trader positions for natural gas, WTI, Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in WTI , but decreased in natural gas, Brent, gasoline, heating oil and gasoil during the reference week. Non-commercials net length in natural gas declined by -11.5k to +220.0k in futures and decreased by -6.4k.....
NORTH AMERICAN RIG WATCH
| March 18, 2022
March 18, 2022
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 661 active rigs as of March 18, 2022, lower by -1 from the previous week. Oil rigs decreased by -3 to 524 (ht: -3; vt-dir: unch), and gas-directed rigs increased by +2 to 137 (ht: +2; vt-dir: unch). Horizontal oil rigs increased by +2 in Permian (TX), while declining by -2 in Permian (NM), by -1 in Anadarko .....
EIA NG STORAGE REPORT
| March 17, 2022
March 17, 2022
Dear , The EIA reported a -79 bcf withdrawal, 6 bcf greater than our estimate of -73 bcf and 5 bcf greater than the Bloomberg median of -74 bcf. The following report includes our arithmatic on how the latest DOE export authorizations will influence US Summer 2022 and Winter 2022/23 balances. Our models are currently showing storage activity of -60, +32, +15, +41, +59, +76 bcf over the next six weeks for a total of +162 bcf, compared to +112 bcf for the same period last year and the five-year av.....
NGL MARKET RECAP
| March 16, 2022
March 16, 2022
Dear , Please find below the link to this week’s NGL Market Recap, which provides an overview of North American NGL statistics as well as global LPG prices, spreads/arbitrages and ratios. Data and charts of the Mont Belvieu non-LST to FEI, Propane Arbitrage and Butane Arbitrage are not available today, due to an issue with our data provider.
SPECTRUM
| March 15, 2022
March 15, 2022
Dear , Please find below the link to this week's detailed inventory forecast, our 6-wk storage outlook, along with natural gas trade and power sector demand estimates and highlights of reference week balances. For the week ending March 10, 2022: LCMC 6-wk NG storage estimate: -73, -59, +40, +33, +36, +55. Total +31 vs +77 LY and -67 5-yr avg. This week by region: E: -26; MW: -25, MTN: -6, PAC: -7; SC: -9 (S: +3, NS: -12). 1 analyst reported on BBG with -87 bcf. Total net exports averaged 13.08 b.....
NORTH AMERICAN RIG WATCH
| March 11, 2022
March 11, 2022
Please find below the links to this week's detailed rig reports and a quick recap of the North American oil and gas drilling activity as reported by Baker Hughes. US: Baker Hughes shows 662 active rigs as of March 11, 2022, higher by +13 from the previous week. Oil rigs increased by +8 to 527 (ht: +9; vt-dir: -1), and gas-directed rigs increased by +5 to 135 (ht: +3; vt-dir: +2). Horizontal oil rigs increased by +6 in Permian (TX), by +5 in Eagle Ford (TX) and by +1 in Anadarko (OK), while .....