NORTH AMERICAN RIG WATCH
| April 08, 2016
April 8, 2016
Baker Hughes shows 443 active rigs as of April 8, 2016, lower by -7 from the previous week. Oil rigs decreased by -8 to 354 (ht: -5; vt-dir: -3) while gas-directed rigs increased by +1 to 89 (ht: unch; vt-dir: +1). Horizontal oil rigs decreased by -3 in Permian (TX) and by -2 in Bakken (ND), but increased by +2 in Anadarko (OK). On the gas side, horizontal gas rigs decreased by -1 to 2 in Haynesville (TX), but increased by +1 to 4 in Eagle Ford (TX).
EIA NG STORAGE REPORT
| April 07, 2016
April 7, 2016
The EIA reported a +12 bcf injection for the week ending March 31, coming in slightly above our own number at +8 bcf, and the Bloomberg median at +8 bcf. Reported South Central injection was significantly higher than our estimates, while East and Midwest withdrawals came in stronger than our models suggested. There will be no commentary today. Please note our extended U.S. and Canada tables covering the injection season are included in the attachment.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| April 05, 2016
April 5, 2016
NOTE : Natural gas pipelines are transitioning to the NAESB 3.0 Standard. We believe the impact on today’s power, trade, and storage estimates was minimal, but next week’s numbers will certainly exhibit the impact of data issues experienced during the transition period. Please find attached data and charts detailing U. S. gas imports and power demand for the week ended March 31, 2016. Total net imports for the reference week averaged 0.34 bcf/d, lower by -0.72 bcf/d week-on-week. During.....
CFTC COT
| April 04, 2016
Commitments of Traders Report – April 04, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 29. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas , but decreased in Brent, gasoline, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas rose by +26.0k to +24.0k in futures and grew by +4.0k to +0.8.....
NORTH AMERICAN RIG WATCH
| April 01, 2016
April 1, 2016
Baker Hughes shows 450 active rigs as of April 1, 2016, lower by -14 from the previous week. Oil rigs decreased by -10 to 362 (ht: -8; vt-dir: -2) while gas-directed rigs decreased by -4 to 88 (ht: -5; vt-dir: +1). Horizontal oil rigs increased by +3 in Eagle Ford (TX), but decreased by -5 in Permian (TX), -2 in Bakken (ND), and -5 in other areas not associated with any major shale play. On the gas side, horizontal gas rigs dropped by -2 to 0 in Granite Wash (TX), and a single rig remains in Gra.....
EIA NG STORAGE REPORT
| March 31, 2016
March 31, 2016
The EIA reported a -25 bcf withdrawal for the week ending March 24, coming in line with our own number at -25 bcf, and the Bloomberg median at -25 bcf. Regional draws and builds came in line with expectations as well, implying relatively normal operational conditions compared to the elevated volatility of the recent few weeks as inventory surplus reached record levels. After five weeks of steady inventory increases, this was also the first week during which the year-on-year inventory surpl.....
NGL MARKET RECAP
| March 31, 2016
March 30, 2016
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. COAL DELIVERIES TO POWER PLANTS
| March 31, 2016
April 2016
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through January 2016. The report contains volume and price data where available.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| March 29, 2016
March 29, 2016
Please find attached data and charts detailing U. S. gas imports and power demand for the week ended March 24, 2016. Total net imports for the reference week averaged 1.05 bcf/d, higher by +0.87 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 2.84 bcf/d. Average natural gas demand in the power sector was 23.4 bcf/d, unchanged week-over-week. During the reference week, the contiguous US observed 78 electric-weighted HDDs, higher by +36 from the previous week.
CFTC COT
| March 28, 2016
Commitments of Traders Report – March 28, 2016
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended March 22. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in Brent, natural gas, heating oil and WTI , but decreased in gasoline and gasoil during the reference week. Non-commercials net length in natural gas rose by +27.3k to -2.0k in futures and grew by +29.4k to -.....