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 ).
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.....
DOE CRUDE STATS
| October 23, 2013
October 23, 2013
U.S. crude oil inventories rose by +5246k bbl in the week ended October 18, while Cushing stocks increased by +358k bbl. Distillate inventories grew by +1537k bbl and gasoline inventories decreased by -1805k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website (www.lcmc-research.com). Major data points: Crude oil inventories : Rose by +5.2.....
DOE CRUDE STATS
| October 21, 2013
October 21, 2013
U.S. crude oil inventories grew by +3999k bbl in the week ended October 11, while Cushing stocks increased by +366k bbl. Distillate inventories declined by -1801k bbl and gasoline inventories decreased by -2570k bbl. We also remind our clients that in-depth analysis of DOE weekly petroleum statistical releases can be conducted using the “Commodities Analytical Toolkit” in the Data Portal section of our website (www.lcmc-research.com). Major data points: Crude oil inventories : Grew by .....
OIL PRICE MONITOR
| October 18, 2013
October 18, 2013
Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Si.....
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.....
OIL PRICE MONITOR
| October 11, 2013
October 11, 2013
Attached is this week’s Oil Price Monitor, which provides an overview of global oil market activity across a range of dimensions, from spot crude and product prices to forward curves, refining margins, product arbitrage, and crude loadings. Please note that Bloomberg temporarily suspended publishing pricing information for the items below. We will update our Oil Price Monitor as data becomes available again. Crude benchmarks: Urals Mediterranean Bonny Light Refined products: Si.....
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).....
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.....