Rapid Power Management

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 61 Bcf (billion cubic feet) for the week ending May 11, 2012.

Inventories are at 2,667 Bcf, which is up 40.9% or 774 Bcf from last year and 773 Bcf above the 5-year average or 40.8%.

www.eia.gov

Natural gas prices remained above $2.30 per million British thermal units (MMBtu) over the report week (Wednesday to Wednesday) at most of the country’s trading locations. The Henry Hub price moved within a 5-cent range for much of the week before rising sharply, closing at $2.50 per MMBtu yesterday (up 14 cents for the week).

The natural gas futures market trended higher over the week. At the New York Mercantile Exchange (NYMEX), the June 2012 natural gas contract gained 15.3 cents per MMBtu to close at $2.618 per MMBtu yesterday.

Working natural gas in storage rose last week to 2,667 billion cubic feet (Bcf) as of Friday, May 11, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 61 Bcf for the week positioned storage volumes 774 Bcf above year-ago levels.

The natural gas rotary rig count, as reported by Baker Hughes Incorporated on May 11, fell by 8 to 598 active units, the first week since April 2002 that the count dipped below 600. Meanwhile, oil-directed rigs increased by 17 to 1,372 units.

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$3.152 MMBtu                        $3.495 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 30 Bcf (billion cubic feet) for the week ending May 4, 2012.

Inventories are at 2,606 Bcf, which is up 44.2% or 799 Bcf from last year and 803 above the 5-year average or 44.5%.

www.eia.doe.gov

At the NYMEX, the June 2012 contract rose from $2.253 per MMBtu last Wednesday to $2.465 per MMBtu yesterday, an increase of 21.2 cents per MMBtu (9.4 percent). With the exception of a strong gain yesterday, movement in the Henry Hub day-ahead price reflected a relatively flat cash market over the week. Nearly all downstream trading locations showed daily single-digit price fluctuations for all but the last day of the report week. Total consumption for the report week registered an overall decrease, with an increase in power sector demand partially offsetting declines in other sectors. Total supply was down 1.1 percent over the report week, with declines in all reported supply sources. Working natural gas in storage increased to 2,606 Bcf as of Friday, May 4, according to EIA’s WNGSR. Temperatures in the lower 48 States during the week ending May 3 were 2.6 degrees warmer than the 30-year normal temperature and 3.3 degrees warmer than the same period last year.

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$3.086 MMBtu                     $3.456 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 28 Bcf (billion cubic feet) for the week ending April 27, 2012.

Inventories are at 2,576 Bcf, which is up 48.4% or 840 Bcf from last year and 857 above the 5-year average or 49.9%.

www.eia.gov

The natural gas futures market led a 3-day rally with natural gas prices showing an increase for the week. At the New York Mercantile Exchange (NYMEX), the June 2012 natural gas contract ended the week up 8.3 cents per million British thermal units (MMBtu) to close at $2.253 per MMBtu on May 2.

The Henry Hub price followed the NYMEX lead, closing at $2.31 per MMBtu on May 2, up 32 cents per MMBtu for the week.

Working natural gas in storage rose slightly last week to 2,576 billion cubic feet (Bcf) as of Friday, April 27, according to EIA’s Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 28 Bcf for the week positioned storage volumes 840 Bcf above year-ago levels.

The natural gas rotary rig count, as reported by Baker Hughes Incorporated on April 27, decreased by 18 to 613 active units. Meanwhile, oil-directed rigs decreased by 9 to 1,328 units.

www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.957 MMBtu                     $3.336 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 47 Bcf (billion cubic feet) for the week ending April 20, 2012.

Inventories are at 2,548 Bcf, which is up 52% or 872 Bcf from last year and 1,640 above the 5-year average or 55.4%.

www.eia.gov

With temperatures generally colder than last week yet still warmer-than-normal for this reporting period, natural gas prices remained under $2.00 per MMBtu for most of the week. The Henry Hub price climbed during the week’s second half, closing at $1.99 per MMBtu yesterday (up 12 cents for the week).

At the New York Mercantile Exchange (NYMEX), the May 2012 natural gas contract rose 11.7 cents per MMBtu for the week, closing at $2.068 per MMBtu yesterday.

Working natural gas in storage rose last week to 2,548 billion cubic feet (Bcf) as of Friday, April 20, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). This represents a net injection of 47 Bcf from the previous week and positioned storage volumes 872 Bcf above year-ago levels.

The natural gas rotary rig count, as reported April 20 by Baker Hughes Incorporated, rose by 7 to 631 active units after 2 consecutive weeks of decline. Meanwhile, oil-directed rigs increased by 15 to 1,337 units.

www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.682 MMBtu                      $3.106 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 25 Bcf (billion cubic feet) for the week ending April 13, 2012.

Inventories are at 2,512 Bcf, which is up 53.1%, or 871 Bcf from last year and 919 above the 5-year average or 57.7%.

www.eia.gov

With continued warmer-than-normal April temperatures, natural gas prices hovered just under the $2 mark for most of the week. The Henry Hub price closed at $1.87 per million British thermal units (MMBtu) yesterday, down 4 cents for the week.

At the New York Mercantile Exchange (NYMEX), the May 2012 natural gas contract fell 3.3 cents per MMBtu for the week, closing at $1.951 per MMBtu yesterday.

Working natural gas in storage rose last week to 2,512 Bcf as of Friday, April 13, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). This represents a net injection of 25 Bcf from the previous week and positioned storage volumes 871 Bcf above year-ago levels.

The natural gas rotary rig count, as reported by Baker Hughes Incorporated on April 13, fell by 23 to 624 active units. Oil-directed rigs declined by 7 to 1,322 units. While gas-directed rigs are 29 percent lower than this time last year, oil-directed rigs are 50 percent higher than a year ago.

www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.672 MMBtu                      $3.113 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 8 Bcf (billion cubic feet) for the week ending April 6, 2012.

Inventories are at 2,487 Bcf, which is up 55.5% or 888 Bcf from last year and 920 above the 5-year average or 58.7%.

www.eia.doe.gov

With continued mild April temperatures and the fourth week of net storage injections in 2012, natural gas prices dropped again this week. The Henry Hub price closed at $1.91 per MMBtu on April 11, down 15 cents for the week.

At the New York Mercantile Exchange (NYMEX), the May 2012 natural gas contract fell 15.7 cents per MMBtu for the week to close at $1.984 per MMBtu on April 11.

Working natural gas in storage rose slightly last week to 2,487 billion cubic feet (Bcf) as of Friday, April 6, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 8 Bcf for the week positioned storage volumes 888 Bcf above year-ago levels.

The natural gas rotary rig count, as reported by Baker Hughes Incorporated a day early on April 5 due to the Good Friday holiday, decreased by 11 to 647 active units. Meanwhile, oil-directed rigs increased by 11 to 1,329 units, resuming the divergence between the two drilling objectives.

www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.672 MMBtu                     $3.113 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 42 Bcf (billion cubic feet) for the week ending March 30, 2012.

Inventories are at 2,479 Bcf, which is up 55.7% or 887 Bcf from last year and 934 above the 5-year average or 60.5%.

www.eia.doe.gov

Although temperatures generally remained somewhat higher than normal, natural gas prices increased at many trading points across the country with cooler weather following record-high March temperatures. The Henry Hub price closed at $2.06 per million British thermal units (MMBtu) on April 4, up 2 cents for the week.

At the New York Mercantile Exchange (NYMEX), the May 2012 natural gas contract fell 14.1 cents per MMBtu for the week, closing yesterday at $2.141 per MMBtu.

Working natural gas in storage rose last week to 2,479 Bcf as of Friday, March 30, according to EIA’s WNGSR. An implied storage build of 42 Bcf for the week positioned storage volumes 845 Bcf above year-ago levels.

The natural gas rotary rig count, as reported March 30 by Baker Hughes Incorporated, rose by 6 to 658 active units, marking the first increase after 11 consecutive weeks of decline. Meanwhile, oil-directed rigs increased by 5 to 1,318 units.

Working Natural Gas in Storage at All-Time High for March

Working natural gas in storage as of March 30 totaled 2,479, which is 816 billion cubic feet (Bcf) greater than the 5-year (2007-2011) maximum for that date. Inventories for each week ending in March have been greater than 2,300 Bcf; the next highest March inventory level of any year for the 18 years for which EIA has data is 1,887 Bcf, recorded for the week ending March 3, 2006. The high levels of storage this winter have been the result of abundant supplies as well as a very mild winter that has reduced demand for natural gas.

www.eia.gov 

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.835 MMBtu                     $3.270 MMBtu

Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 56 Bcf (billion cubic feet) for the week ending March 23, 2012.

Inventories are at 2,437 Bcf, which is up 50.3% or 816 Bcf from last year and 900 above the 5-year average or 58.6%.

www.eia.gov

Reflecting record-warm March temperatures for most of the week, natural gas prices declined at most trading points across the country Colder weather early this week temporarily reversed the trend, with prices increasing across the country on Monday, many by over 10 cents. The Henry Hub spot price closed the report week at $2.04 per million British thermal units (MMBtu) yesterday, down 17 cents for the week. At the New York Mercantile Exchange (NYMEX), the April 2012 natural gas contract began the week at a high of $2.360 per MMBtu and closed the week down 16.9 cents yesterday at $2.191 per MMBtu. Working natural gas in storage rose last week to 2,437 billion cubic feet (Bcf) as of Friday, March 23, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 57 Bcf for the week positioned storage volumes 816 Bcf above year-ago levels. The natural gas rotary rig count, as reported March 23 by Baker Hughes Incorporated, decreased by 11 to 652 active units, marking the 11th straight week of declines. Meanwhile, oil-directed rigs decreased by 4 to 1,313 units. www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.833 MMBtu                        $3.268 MMBtu

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Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net injection of 11 Bcf (billion cubic feet) for the week ending March 16, 2012.

Inventories are at 2,380 Bcf, which is up 47.5% or 766 Bcf from last year and 835 Bcf above the 5-year average or 54%.

www.eia.doe.gov

Despite record-warm March temperatures and the first storage injection of 2012, natural gas prices rebounded slightly this week. The Henry Hub price closed at $2.21 per million British thermal units (MMBtu) on March 21, up 8 cents for the week.

At the New York Mercantile Exchange (NYMEX), the April 2012 natural gas contract rose 7.6 cents per MMBtu for the week to close at $2.360 per MMBtu.

Working natural gas in storage rose slightly last week to 2,380 billion cubic feet (Bcf) as of Friday, March 16, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 11 Bcf for the week was the first net injection in 2012, positioning storage volumes 766 Bcf above year-ago levels.

The natural gas rotary rig count, as reported March 16 by Baker Hughes Incorporated, decreased by 7 to 663 active units. Meanwhile, oil-directed rigs increased by 21 to 1,317 units, continuing the divergence between the two drilling objectives.

www.eia.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.923 MMBtu                      $3.301 MMBtu

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Natural Gas Storage Facts

EIA (Energy Information Administration) reported a net withdrawal of 64 Bcf (billion cubic feet) for the week ending March 9, 2012.

Inventories are at 2,369 Bcf, which is up 45% or 735 Bcf from last year and 807 above the 5-year average or 51.7%.

www.eia.doe.gov

Persistent warmer-than-normal temperatures throughout the report week contributed to the lengthening downward trend in natural gas prices across much of the country. The Henry Hub price closed at $2.13 per million British thermal units (MMBtu) on March 14, down 11 cents for the week.At the New York Mercantile Exchange (NYMEX), the April 2012 natural gas contract fell 1.8 cents per MMBtu for the week to close at $2.284 per MMBtu.Working natural gas in storage fell last week to 2,369 billion cubic feet (Bcf) as of Friday, March 9, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). The implied net withdrawal for the week was 64 Bcf, positioning storage volumes 735 Bcf above year-ago levels.The natural gas rotary rig count, as reported March 9 by Baker Hughes Incorporated, fell for the ninth consecutive week, decreasing by 21 to 670 active units, 24 percent below last year’s level for the week and the lowest count since July 2009. Meanwhile, the oil-directed rig count rose by 3 to 1296, 57 percent above the year-ago level.
www.eia.doe.gov

12/24-Month Strip (NYMEX) Price

12 Month Strip                      24 Month Strip

$2.894 MMBtu                        $3.299 MMBtu

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