NORTH AMERICAN RIG WATCH | February 19, 2016

February 19, 2016

Baker Hughes shows 514 active rigs as of February 19, 2016, lower by -27 from the previous week. Oil rigs decreased by -26 to 413 (ht: -18; vt-dir: -8) while gas-directed rigs dropped by -1 to 101 (ht: unch; vt-dir: -1). Horizontal oil rigs decreased by -4 in Anadarko (OK) and Bakken (ND) and by -3 in Eagle Ford (TX) and Permian (TX). Gas-directed horizontal rigs increased by +2 in Granite Wash (TX) and by +1 in Granite Wash (OK).


EIA NG STORAGE REPORT | February 18, 2016

February 18, 2016

The EIA reported a -158 bcf withdrawal for the week ending February 11, coming in stronger than our own number at -150 bcf, and the Bloomberg median at -152 bcf. Following the recovery in power burns last week, this draw implied the tightest weather-adjusted supply and demand balance for the year so far. Regionally the surprise came from a larger than expected draw from salt-dome facilities, but that was not because our model was skewed by last week’s bearish miss. Last week we talked abou.....


U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND | February 16, 2016

February 16, 2016

Please find attached data and charts detailing U. S. gas imports and power demand for the week ended February 11, 2016. Total net imports for the reference week averaged 3.09 bcf/d, higher by +1.26 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 3.35 bcf/d. Average natural gas demand in the power sector was 27.0 bcf/d, higher by +4.7 bcf/d week-over-week. During the reference week, the contiguous US observed 153 electric-weighted HDDs, higher by +47 from the p.....


CFTC COT | February 16, 2016

Commitments of Traders Report – February 15, 2016

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 09. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, natural gas, gasoil, heating oil and WTI , but decreased in Brent during the reference week. Non-commercials net length in natural gas grew by +22.5k to +20.1k in futures and rose by +14.1k to .....


CFTC COT | February 15, 2016

Commitments of Traders Report – February 15, 2016

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 09. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in gasoline, natural gas, gasoil, heating oil and WTI , but decreased in Brent during the reference week. Non-commercials net length in natural gas grew by +22.5k to +20.1k in futures and rose by +14.1k to .....


NORTH AMERICAN RIG WATCH | February 12, 2016

February 12, 2016

Baker Hughes shows 541 active rigs as of February 12, 2016, lower by -30 from the previous week. Oil rigs decreased by -28 to 439 (ht: -23; vt-dir: -5) while gas-directed rigs dropped by -2 to 102 (ht: -2; vt-dir: unch). Horizontal oil rigs decreased by -3 in Anadarko (OK), Bakken (ND), Permian (TX) and Permian (NM). Gas-directed horizontal rigs decreased by -2 in Marcellus ( NEPA ) and by -1 in Eagle Ford (TX) and Haynesville (TX).


EIA NG STORAGE REPORT | February 11, 2016

February 11, 2016

Please note our extended U.S. and Canada tables covering the remainder of the withdrawal season are included in the attachment. The EIA reported a -70 bcf withdrawal for the week ending February 4, coming in weaker than our own number at -76 bcf, and the Bloomberg median at -77 bcf. This implies a significant loosening of the supply and demand balances due to very weak power burns at the beginning of the reference week. Regionally, the biggest surprise was the +9 bcf injection into salt-dom.....


U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND | February 09, 2016

February 9, 2016

Please find attached data and charts detailing U. S. gas imports and power demand for the week ended February 4, 2016. Total net imports for the reference week averaged 1.82 bcf/d, lower by -1.12 bcf/d week-on-week. During the same week last year, U.S. net imports averaged 4.42 bcf/d. Average natural gas demand in the power sector was 22.3 bcf/d, lower by -2.7 bcf/d week-over-week. During the reference week, the contiguous US observed 106 electric-weighted HDDs, lower by -48 from the previ.....


CFTC COT | February 08, 2016

Commitments of Traders Report – February 08, 2016

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended February 02. 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 and gasoline , but decreased in natural gas, gasoil, heating oil and WTI during the reference week. Non-commercials net length in natural gas fell by -15.4k to -2.5k in futures and decreased by -3......


NORTH AMERICAN RIG WATCH | February 05, 2016

February 5, 2016

Baker Hughes shows 571 active rigs as of February 5, 2016, lower by -48 from the previous week. Oil rigs decreased by -30 to 467 (ht: -22; vt-dir: -8) while gas-directed rigs dropped by -18 to 104 (ht: -7; vt-dir: -11). Horizontal oil rigs decreased by -9 in Eagle Ford (TX), by -5 in Anadarko (OK) and by -3 in Anadarko TX) and Permian (NM). Gas-directed horizontal rigs decreased by -3 in Haynesville (LA) and by -2 in Marcellus ( SWPA ), while increasing by +4 in Eagle Ford (TX).