DJ UPDATE:US GAS:Crude, Expected Cold Boost Gas
futuresource.quote.com
Government data is expected to show a slightly smaller-than-average build of
gas into storage of 51 billion cubic feet during week ended Oct. 12, according
to the average prediction of 12 analysts and traders in a Dow Jones Newswires
survey. The survey's median was 49 bcf with a high of a 63 bcf injection and a
low of a 38 bcf injection. Current gas in storage is at 3.336 trillion cubic
feet, some 7.6% above the five-year average.
During the same week last year, 54 bcf of gas were injected into storage. The
five-year average injection for the same week is 63 bcf.
Bloomberg: N.Y. Natural-Gas Prices Advance After Crude Oil Touches Record
bloomberg.com
Stockpiles increased 52 billion cubic feet in the week ended Oct. 12, according to the median of responses by 19 analysts in a Bloomberg News survey. Forecasts ranged from a high of 85 billion cubic feet to a low of 40 billion cubic feet.
---
Reuters: ( Missing the beginning text )
www1.investorvillage.com
Injection estimates for this week's EIA report ranged from
40 bcf to 71 bcf, with most traders and analysts expecting
stocks to rise by about 56 bcf when weekly data is released
Thursday at about 10:30 a.m. EDT (1430 GMT), a Reuters survey
showed.
Physical Natural Gas Prices for next day delivery - Down almost everywhere.
intelligencepress.com
---
Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 17, 2007
After peaking at more than 600,000 Dth/d on Sunday, Independence Hub production has plummeted 65% to only about 212,000 Dth/d today. Production from the Federal Offshore Louisiana area today is down 8% or 371,000 Dth/d. Gains in Texas limited the total Gulf supply loss to 3% or 296,000 Dth/d. Flows on most of the Gulf pipelines other than Tennessee, which receives Independence production, are relatively flat today. Total Gulf production is down 2% from levels at the same time last year.
TEXAS ENERGY BULLETIN: October 17, 2007
Henry Hub was up 20.6 cnts to $7.29 while Ship Channel was up 25 cnts to $7.27. That narrowed the Henry vs. Ship differential to only 2.3 cnts favoring Henry. Flows moving east from Ship Channel moved up by 94,000 MMbtu.Waha increased 18 cnts to $6.99. That relative weakness dropped Waha to 28 cnts under Ship Channel. Socal moved to a nickel over Waha, up 22 cnts to $7.03. Flows moving from El Paso to CA moved up by 57,000 MMbtu. Panhandle was up 14 cnts to $6.52. Implied heat rates eased to the 9-10 range due to lower power prices and higher gas numbers.
US POWER - GAS BURN REPORT: October 17, 2007
US gas burn falls by 423 MMcf to come in just shy of yesterday's I2 at 20.4 Bcf. Yesterday's I2 nominations rose 521 MMcf from yesterday's evening cycle. The SERC and FRCC are the only regions showing an increase in flow today as temps show an increase down south. The WECC shows the biggest loss, back down to 3.1 Bcf. The RFC also falls 75 MMcf down below 1 Bcf in our sample.Otherwise, change are light; SPP burn has decreased as hot weather shifts from the south central to the southeast.
---
Expectations for tomorrow's EIA storage report.
Dow Jones Survey - 51 Bcf
Bloomberg Survey - 52 Bcf
Reuters Survey - 56 Bcf
robry825 - 45 Bcf
z24blackjet - 46 Bcf
And some other estimates
bloomberg.com
Banc of America 48 to 58 Bcf
C.H. Guernsey 55 to 62 Bcf
Citigroup 62 Bcf
Gelber & Associates 54 Bcf
IAF Advisors 46 Bcf
J.P. Morgan Chase Bank 40 Bcf
Jefferies & Co. 60 to 70 Bcf
Lehman Brothers 85 Bcf
Man Financial 56 Bcf
Morgan Stanley 45 to 55 Bcf
Ritterbusch & Assoc. 52 Bcf
Raymond James & Assoc. 40 to 50 Bcf
RBC Capital Markets 54 Bcf
Summit Energy 59 Bcf
Tristone Capital 45 to 55 Bcf
Wachovia Equity Researc 46 Bcf
|
