DJ US GAS: Futures Choppy On Bargain Buying, Cooler Weather
futuresource.quote.com
Bloomberg: Nymex Natural Gas Is Steady on Mild Weather, Ample Stockpiles
bloomberg.com
--
Reuters: New York Mercantile Exchange
November natural gas futures ended slightly higher on Tuesday,
backed by a firmer crude market and some technical buying after
a steep two-day slide despite high inventories and milder
autumn weather that should slow demand, traders said.
www1.investorvillage.com
Physical Natural Gas Prices for next day delivery - Mixed
intelligencepress.com
--
Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 9, 2007
Gulf production has dropped 3% today to 11.4 Bcf/d from 11.7 Bcf/d on Monday. Offshore production is down 2%, or 149,000 Dth/d. There are declines in both Texas (-7%, or 219,000 Dth/d) and Louisiana (-2%, or 129,000 Dth/d), and volumes are slightly lower on many of the pipelines across the entire region. The Texas Onshore area shows the largest volume decline of any of the Gulf areas down 9% or 199,000 Dth/d. The biggest drop is on NGPL, but flows are down on Tetco, Transco, Gulf South and other pipes.
TEXAS ENERGY BULLETIN: October 9, 2007
Ship Channel was up by 1 cnt to $6.72 while Henry was off by 8 cnts to $6.69, bringing that spread back to 2.5 cnts favoring Ship Channel. The differential of Ship Channel to Waha dropped by a dime from 20 cnts to 10 cnts. Waha was up by 11 ctns to $6.62. Flows moving east from Waha dropped by 211,000 MMbtu. Flows from EP Permian to Waha were off by 148,000 MMbtu. Socal was up by 11 cnts to $6.57, brining that price to a nickle under Waha. Flows moving to Socal from Waha were off by a slight 31,000 MMbtu. Panhandle was very strong, up 16 cnts to $6.23. Implied heat rates were down to the 10-11 range.
US POWER - GAS BURN REPORT: October 9, 2007
US gas burn drops by 1.1 Bcf today to land at a still impressive 25.5 Bcf in the evening cycle. Yesterday's I2 nominations rose an impressive 3.5 Bcf from the evening cycle, primarily due to a surge in power demand from the RFC and SERC. These two regions remain high today, despite declines of 287 MMcf and 317 MMcf respectively. The NPCC is also down 138 MMcf, while power burn in WECC is up 176 MMcf to 3.3 Bcf. Burn for the EIA week ending 10/11 is projected at 174 Bcf. |
