Author Archives: Richard Meyer

Richard Meyer Natural Gas Market Indicators: January 28, 2016

The year has started with low hydrocarbon commodity prices; news of struggles of production companies to remain in business; a modest start to United States oil exports following congressional action in late 2015; and, expectations that the first LNG exports from Sabine Pass will materialize within the next 45 days or so.

In addition, natural gas accounted for more power generation than coal in six of the first 11 months of 2015, according to the Energy Information Administration. Energy resources are plentiful, cheap, and a great consumer value in the U.S. What’s not to like? Time will tell and many factors not the least of which may be overall U.S. economic conditions will be in play. Stay tuned.

Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.

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Richard Meyer Natural Gas Market Indicators: January 15, 2016

Final data for 2015 is not yet in, but preliminary data from Bentek and other sources suggest the following: last year was a record year for U.S. natural gas production, consumption, volumes in storage, exports to Mexico, and volumes to power generation. Meanwhile, economy-wide U.S. carbon dioxide emissions likely dropped one percent, according to projections from EIA.

So where does that leave us for 2016? Rig counts continue to drop and natural gas production has flattened. Volumes to power generation are higher still, but many of the structural drivers in 2015 will not be present in 2016, such as implementation of the EPA MATS rule that spurred many coal-fired power plant retirements. Questions about 2016 demand remain, but supply indicators appear strong as the next three months of winter unfold.

Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.

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Richard Meyer Natural Gas Market Indicators: December 30, 2015

Tepid demand, the strongest underground storage position for this time of year ever, relative strength in domestic production, and consistent imports from Canada pile on to a market rationalizing these factors with  continued low natural gas acquisition prices at about $2 per MMBtu at Henry Hub. And believe it or not, we are already 40 percent through the 2015-2016 winter heating season.

Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.

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Richard Meyer Natural Gas Market Indicators: December 11, 2015

Current production and consumption data suggest the year is poised to close at all-time records on both fronts. So, what is the market rationalization for all these factors? The price of US natural gas is averaging its lowest level since 1999. Is this what abundance looks like?

Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.

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