Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Ronald J. Clark who wrote (84035)	1/10/2001 6:18:31 PM
From: The Ox	Read Replies (1) of 95453

1998 -1000 bcf drawdown from this point until the first storage build in the spring. 1999 -1100 bcf drawdown 2000 -1300 bcf drawdown. If this winter is similar to the recent past, with the avg drawdown being about -1100, this will leave us with less than 500 bcf come spring. Sure seems like we are going to squeak by this year but who knows? The weather here in Chicago has finally been mild for a few days. I've heard of one prediction that we are do for a major cold spell in about 10 days. NG storage is on the tight rope and trying to reach the other side (ie spring). There's a very strong possibility that NG prices stay strong for a few more weeks until we get a better idea of just how cold this winter will end up. Not looking good, IMO. Once again, Ronald, thanks for posting your NG tables!! Michael

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