Daily Market Report – June 17, 2020

Daily Market Report – June 17, 2020

Our storage estimate for week ending June 12 is a 89 Bcf injection. The S/D balances were tighter week-on-week with injections at a slower rate. We are no longer in the triple digit injection territory, and most likely will not get there until after the peak heat...
Daily Market Report – June 16, 2020

Daily Market Report – June 16, 2020

Yesterday the EIA released the monthly drilling productivity report. The report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells...
Daily Market Report – June 15, 2020

Daily Market Report – June 15, 2020

Natural gas production has rebounded off the lows set in mid-May with the return of shut-in oil production. This weekend we hit production levels averaging 84.7 Bcf/d, which is 2.0 Bcf/d higher than the May low 82.7 Bcf/d.   We would have reached these levels...
Weekend Market Report – June 14, 2020 (updated)

Weekend Market Report – June 14, 2020 (updated)

Last week, the EIA published natural gas consumption data for March. We now have a full view on how this winter stacked up against the previous year and the 10Y normal.   Let us start by reviewing the weather for this past winter. Winter 2019/2020 was warm...
Weekend Market Report – June 14, 2020

Weekend Market Report – June 14, 2020

Last week, the EIA published natural gas consumption data for March. We now have a full view on how this winter stacked up against the previous year and the 10Y normal.   Let us start by reviewing the weather for this past winter. Winter 2019/2020 was warm...