Bloomberg: N.Y. Natural Gas Rises to 3-Month High on Possible Gulf Storm
bloomberg.com
--
REUTERS: New York Mercantile Exchange
November natural gas futures ended sharply higher on Tuesday,
backed by growing concerns about a potential storm in the Gulf
of Mexico despite mostly mild U.S. weather this week and high
inventories, traders said.
www1.investorvillage.com
Physical Natural Gas Prices for next day delievery - Up everywhere.
intelligencepress.com
--
Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 2, 2007
There was a 4% (453,000 Dth/d) upward revision of total onshore and offshore Gulf production in yesterday's I2 cycle, with the bulk of the change (416,000 Dth/d) taking place in Louisiana, particularly in the federal offshore area. Production is down slightly in the Gulf today, and is down only about 2% compared to the same time last year. Most of the lower volumes today compared to Monday are in the Louisiana federal offshore upstream of Tennessee and Sonat. Producers could begin evacuations and shut-ins soon depending on the forecast for a new low pressure area that has slipped past Florida and into the Gulf. Conditions appear favorable for some development.
TEXAS ENERGY BULLETIN: October 2, 2007
It was another day of significant shifts in price differentials. Waha was up 25 cnts to $6.02 while Ship Channel was down a penny to $6.08, dropping the differential between the two points to 5.6 cnts. Flows moving east dropped by 178,000 MMbtu while flows moving west dropped by 164,000 MMbtu. Socal was up by 13 cnts to $5.95. With Waha at $6.02 that differential flipped to a negative 7.4 cnts (Waha over Socal). Henry Hub was off by 8 cnts to $6.07. With Ship Channel down to $6.08, that differential flipped from Henry higher by 6 ctns yesterday to Ship higer by 1 cnt today. Panhandle was up by 14 cnts to $5.60.
US POWER - GAS BURN REPORT: October 2, 2007
US gas burn falls by 343 MMcf today to land at 19.8 Bcf in total, a 2% decrease over yesterday's I2.Yesterday's I2 nominations jumped nearly 1.2 Bcf to make it to 20.2 Bcf on the day.SERC and ERCOT burn are the only early risers today, with SERC pushing its way up to 1.5 Bcf due to a mini-heat wave in the south. The WECC comes off significantly, down 213 MMcf as warm air pushes into the Midcontinent and southern states. Burn for the EIA week ending 10/4 is projected at 142 Bcf.
--
No relief from the heat.
wxmaps.org
cpc.ncep.noaa.gov
--
Tropical Weather
TROPICAL WEATHER OUTLOOK
NWS TPC/NATIONAL HURRICANE CENTER MIAMI FL
530 PM EDT TUE OCT 2 2007
FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...
SHOWERS AND THUNDERSTORMS OVER THE EASTERN GULF OF MEXICO ARE
PRIMARILY ASSOCIATED WITH AN UPPER-LEVEL LOW AND A BROAD AREA OF
SURFACE LOW PRESSURE CENTERED ABOUT 125 MILES WEST-SOUTHWEST OF
FORT MYERS FLORIDA. THIS SYSTEM SHOWS SOME SIGNS OF
ORGANIZATION...AND HAS THE POTENTIAL TO EVOLVE INTO A SUBTROPICAL
OR TROPICAL CYCLONE DURING THE NEXT DAY OR SO AS IT MOVES TO THE
WEST OR WEST-NORTHWEST AT ABOUT 10 MPH. INTEREST ALONG THE
NORTHERN GULF COAST SHOULD MONITOR THE PROGRESS OF THIS SYSTEM.
ELSEWHERE...TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE
NEXT 48 HOURS.
$$
FORECASTER RHOME/PASCH
Where it might go
my.sfwmd.gov |
