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.....
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).....
EIA NG STORAGE REPORT
| October 10, 2013
October 10, 2013
Please note this week’s report includes our expanded monthly tables. EIA reported a +90 bcf injection for the week ending October 4 (Bloomberg median +92 bcf, Bloomberg Whisper +88. The 27 estimates submitted to Bloomberg varied from +84 bcf to +108 bcf with a standard deviation of 6 bcf. Our model showed +87 bcf. Nationwide natural gas-weighted HDDs decreased by -7 to 21, while nationwide electricity-weighted cooling degree days reported by NOAA unchanged at 25 CDDs. Total US: +90 bcf.....
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.....
NORTH AMERICAN RIG WATCH
| October 04, 2013
REVISED: October 4, 2013
Updates charts on page 4 Baker Hughes shows 1,750 active rigs as of October 4, 2013, higher by +12 from the previous week. Oil rigs increased by +10 to 1,372 (ht: +9; vt-dir: +1) and gas-directed rigs increased by +2 to 378 (ht: +5; vt-dir: -3). Horizontal oil rigs increased by +2 in the Eagle Ford and Permian (TX) to 178 and 127, respectively, and rose by +3 to 37 in the Anadarko (TX). Gas-directed horizontal rigs were largely unchanged, but several plays posted slight increases, including th.....
NORTH AMERICAN RIG WATCH
| October 04, 2013
October 4, 2013
Baker Hughes shows 1,750 active rigs as of October 4, 2013, higher by +12 from the previous week. Oil rigs increased by +10 to 1,372 (ht: +9; vt-dir: +1) and gas-directed rigs increased by +2 to 378 (ht: +5; vt-dir: -3). Horizontal oil rigs increased by +2 in the Eagle Ford and Permian (TX) to 178 and 127, respectively, and rose by +3 to 37 in the Anadarko (TX). Gas-directed horizontal rigs were largely unchanged, but several plays posted increases of +1, including the Haynesville (LA & TX), Mar.....
EIA NG STORAGE REPORT
| October 03, 2013
September 27, 2013
EIA reported a +101 bcf injection for the week ending September 27 (Bloomberg median +95 bcf, Bloomberg Whisper +96. The 23 estimates submitted to Bloomberg varied from +90 bcf to +100 bcf with a standard deviation of 3 bcf. Our model showed +93 bcf. Nationwide natural gas-weighted HDDs increased by +3 and reached 28, while nationwide electricity-weighted cooling degree days reported by NOAA decreased by -14 to 25 CDDs. Total US: +101 bcf ( LCMC : +93 bcf, Bloomberg median: +95 bcf) East:.....
NGL MARKET RECAP
| October 02, 2013
*New Report* — October 2, 2013
LCMC Research is launching a new weekly natural gas liquids ( NGL ) report that will be published following the release of the EIA Petroleum Statistics on Wednesdays. The publication seeks to shed light on a complex market that crosses natural gas, residential/commercial heating, refining and blending, waterborne exports and petrochemical production. Please find attached this week’s NGL Market Recap, which provides an overview of the US natural gas liquids ( NGL ) market through news and .....
CFTC COT
| September 30, 2013
Commitments of Traders Report - September 30, 2013
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended September 24, 2013. We provide all Legacy and Disaggregated trader positions for WTI , Brent, natural gas, gasoline and heating oil. Non-commercials decreased net length in WTI , Brent and gasoline, and increased in natural gas and heating oil during the reference week. Non-commercials decreased net length in natural gas by -0.7k to +242.7k in futures but increased it by +4.1k t.....