Daily Market Report – Nov 15, 2022 [RESEND]

[RESENDING w/ ATTACHMENT]

The EIA released the Drilling Productivity Report yesterday. The see continued growth in production through the end of the year with December pegged at 95.7 Bcf/d from the shale regions. Click here to see the full details of the DPR report: http://www.analytix.ai/drilling-productivity-report.html

Today’s Fundamentals

Daily US natural gas production is estimated to be  99.4 Bcf/d this morning. Today’s estimated production is -2.27 Bcf/d to yesterday, and -1.61 Bcf/d to the 7D average. Today’s production looks to be on the low side, hence we believe that there is some pipe data missing. We expect to see a revision higher later in the day by ~1.5 Bcf/d

Natural gas consumption is modelled to be 98.7 Bcf today,  -1.89 Bcf/d to yesterday, and +10.67 Bcf/d to the 7D average. US power burns are expected to be 32.2 Bcf today, and US ResComm usage is expected to be 36.1 Bcf.

Net LNG deliveries are expected to be 12.1 Bcf today.

Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 6.8 Bcf today.

For week ending Nov 11^th, the S/D storage is pointing to a +68 Bcf, while our flow model is much lower at +61 Bcf injection.  Last year we injected +23 Bcf during the same week.

This is the results of our flow model estimate:

Below is the storage activity at the facilities that report at the weekly level:

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.