Chris McGill Natural Gas Market Indicators

Domestic production strength has asserted itself once again during the first quarter of 2010 just as heating-sensitive demand load is declining and underground storage withdrawals are moderating. U.S. drilling operations now show more rig activity than one year ago with two-thirds directed toward natural gas.

Demand-side events including strong heating load requirements at different times throughout the 2009-2010 winter heating season and a slight increase in industrial natural gas consumption for year-to-date 2010 compared to 2009 have not been able to trump general supply strength and as a result natural gas acquisition prices have been modest and even declining at winter’s end.

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

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