Daily Market Report – Mar 22, 2022

Daily Market Report – Mar 22, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be 95.3 Bcf/d this morning. Today’s estimated production is -0.01 Bcf/d to yesterday, and +0.51 Bcf/d to the 7D average. Production from TX continues to recover, and more specifically out...
Daily Market Report – Mar 21, 2022

Daily Market Report – Mar 21, 2022

Weather runs were overall bearish from Friday’s 12Z run. Below is the change from Friday’s 12z which shows both models making the same directional move. Here is a look the latest outlook, which shows the 1-5 day well below normal and then temps that hover close to...
Weekend Market Report – Mar 20, 2022

Weekend Market Report – Mar 20, 2022

This past week, the EIA released their latest drilling productivity report (DPR) which includes their forecast for March and April. The DPR revised natural gas shale production slightly higher in March to 91.73 Bcf/d (slightly higher than the previous March estimate...
Daily Market Report – Mar 18, 2022

Daily Market Report – Mar 18, 2022

Yesterday, the EIA reported a -79 Bcf withdrawal for the week ending Mar 11th. The report came in slightly higher than market estimates. Storage levels were reported to be 1440 Bcf. For the reported week, total consumption dropped with warming weather across the...
Daily Market Report – Mar 17, 2022

Daily Market Report – Mar 17, 2022

For today’s storage report our final projection is -74 Bcf (S/D -74, Flow -69). The current Bloomberg survey is -74 and Bloomberg whisper is currently at -73 (the whisper is the average of the 17 top analysts). Here are the current ICE storage future settles as...