DJ UPDATE: US GAS: Futures Soar On Oil Data, Colder Weather
futuresource.quote.com
Government data are expected to show a build of 58 billion cubic feet of gas
in storage for the week, compared with 68 bcf for the previous week, according
to the average prediction of 15 analysts and traders surveyed by Dow Jones
Newswires.
Bloomberg: N.Y. Natural Gas Advances on Outlook for Cold, Crude Oil Record
bloomberg.com
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Reuters: U.S. spot natural gas prices
traded mixed Wednesday, with cooler weather in parts of the
nation and stronger gas futures boosting benchmark Henry Hub
and other major Northeast and Midwest markets for the third day
in a row, traders said.
www1.investorvillage.com
A Reuters survey Wednesday showed inventories were expected
to climb by about 58 bcf when weekly EIA storage data is
released Thursday at about 10:30 a.m.
Stocks fell an adjusted 5 bcf for the same week in 2006,
while the five-year average gain for that week is 26 bcf.
Physical Natural Gas Prices for next day delivery - Mixed, Up and Down.
intelligencepress.com
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Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 31, 2007
There is a 32% drop in flows on Mississippi Canyon today, but Independence Hub production has increased about 14,000 Dth/d to 662,000 Dth/d. Offshore production is down 2%, or 131,000 Dth/d, but total Louisiana production is down only 1%. Texas production, however, has dropped about 7%, or 195,000 Dth/d because of lower volumes on Tennessee and to a lesser extent NGPL and Transco. Total Gulf production is down 2% to 11.4 Bcf/d. For the month, production in Texas is down 7%, or 214,000 Dth/d.
TEXAS ENERGY BULLETIN: October 31, 2007
Prices were up across the board on Tuesday. Henry was up 33 cnts to $6.99 while Ship Channel was up 36 cnts to $6.91, yielding a 8 cnt differential between the points favoring Henry. Waha vs. Ship Channel dropped from 12 cnts under to 10 cnts under, with Waha up 38 cnts to $6.81. Flows moving east are back to a positive 65,000 MMbtu, which is much lower than the average 414,000 MMbtu average for Oct 2007.Panhandle was up 27 cnts to $6.61. Permian to Waha flows remain negative.Socal was up 34 cnts to $7.18, or 47 cnts over Waha. Flows from El Paso to Socal remain strong at 1.6 Bcf. Implied heat rates are unchanged in the mid-7 range.
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Expectations for tomorrow's EIA storage report.
Dow Jones Survey - 58 Bcf
Bloomberg Survey - N/A
Reuters Survey - 58 Bcf
robry825 - 61 Bcf
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