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        Week Ending February 20th 2015 - Natural Gas Storage

         For the week ending 2/20/15, EIA reported a withdrawal of 219 Bcf.  This withdrawal was below the range of forecasters’ expectations which ranged between 239-242Bcf.  This brings the total storage balance to 1,938 Bcf, which is 576 Bcf (42.3%) higher than last year’s balance and 30Bcf(1.5%) lower than the five-year average.  Predictions for an ending balance in storage at the end of March are now between 1.5 and 1.6 Tcf.  The early prediction for next week’s storage r ...

        by Ginger Needham
        Thursday, 26 February 2015
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        Week Ending February 13th 2015 - Natural Gas Storage

        For the week ending 2/13/15, EIA reported a withdrawal of 111 Bcf.  This withdrawal was slightly above forecaster’s expectations which ranged between 105-109Bcf.  This brings the total storage balance to 2,157 Bcf, which is 678 Bcf (45.8%) higher than last year’s balance and 58 Bcf (2.8%) above the five-year average.  Demand for natural gas for this week fell from the previous week due to lower residential and commercial usage.  Even though it was cold and snowy in the Nort ...

        by Ginger Needham
        Thursday, 19 February 2015
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        Week Ending January 30th 2015 - Natural Gas Storage

         For the week ending 1/30/15, EIA reported a withdrawal of 115 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 114-118 Bcf.  This brings the total storage balance to 2,428 Bcf, which is 468 Bcf (23.9%) higher than last year’s balance and 29 Bcf (-1.2%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be above the 5-year average and below last year’s numbers.  Natural gas ...

        by Ginger Needham
        Thursday, 05 February 2015
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        Week Ending January 23rd 2015 - Natural Gas Storage

        For the week ending 1/23/15, EIA reported a withdrawal of 94 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 102-106 Bcf.  This brings the total storage balance to 2,543 Bcf, which is 324 Bcf (14.6%) higher than last year’s balance and 79 Bcf (-3.0%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be below the 5-year average and below last year’s numbers.  The 6-10 day outloo ...

        by Ginger Needham
        Thursday, 29 January 2015
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        Week Ending January 16th 2015 - Natural Gas Storage

        For the week ending 1/16/15, EIA reported a withdrawal of 216 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 222-226 Bcf.  This brings the total storage balance to 2,637 Bcf, which is 199 Bcf (8.2%) higher than last year’s balance and 153 Bcf (-5.5%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be below the 5-year average and below last year’s numbers.  Weather forecasts ...

        by Ginger Needham
        Thursday, 22 January 2015
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        Week Ending January 9th 2015 - Natural Gas Storage

         For the week ending 1/9/15, EIA reported a withdrawal of 236 Bcf.  This is the first withdrawal over 200 this season.  This withdrawal was above the range of forecaster’s expectations which ranged between 224-228 Bcf.  This brings the total storage balance to 2,853 Bcf, which is 282 Bcf (11.0%) higher than last year’s balance and 113 Bcf (-3.8%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be in line with the ...

        by Ginger Needham
        Thursday, 15 January 2015
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        Week Ending January 2nd 2015 - Natural Gas Storage

        Happy New Year!!  This is the first blog of 2015.  For the week ending 1/2/15, EIA reported a withdrawal of 131 Bcf.  This withdrawal was above the range of forecaster’s expectations which ranged between 117-121 Bcf.  This brings the total storage balance to 3,089 Bcf, which is 250 Bcf (8.8%) higher than last year’s balance and 67 Bcf (-2.1%) lower than the five-year average.  Early predictions for the next two storage reports are for withdrawals to be in line with the ...

        by Ginger Needham
        Friday, 09 January 2015
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        Week Ending December 12th - Natural Gas Storage

         For the week ending 12/12, EIA reported a withdrawal of 64 Bcf.  This withdrawal was on the high end of the range of forecaster’s expectations which ranged between 60-64 Bcf.  This brings the total storage balance to 3,295 Bcf, which is 6 Bcf (.2%) higher than last year’s balance and a deficit of 258 Bcf (-7.3%) to the five-year average.  Early predictions for the next two storage reports are to be on the bearish side, below both the year-on-year and five year averages.&nb ...

        by Ginger Needham
        Monday, 22 December 2014
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        2015 Strip Price Trend - Natural Gas

         The combination of a mild summer and a warmer than normal beginning to the winter season have brought down the 2015 strip to a level not seen in several years.  In looking back to 2010 the 2015 strip was hovering around $6.00/MMBtu.  Currently as of December 11th the 2015 strip is trading at $3.56.  This is a significant move down due in part by abundant natural gas supplies and a slow growth in demand.  Last summer’s mild weather contributed to the softness in n ...

        by Ginger Needham
        Tuesday, 16 December 2014
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        Week Ending December 5th - Natural Gas Storage

        For the week ending 12/05, EIA reported a withdrawal of 51 Bcf.  This withdrawal was slightly above the range of forecaster’s expectations which ranged between 44-48 Bcf.  This brings the total storage balance to 3,359 Bcf, which is a deficit of 186 Bcf (-5.2%) from last year’s balance and a deficit of 351 Bcf (-9.5%) to the five-year average.  These deficits are still on track to decrease to zero if demand does not pick up with colder weather.  Weather dynamics are current ...

        by Ginger Needham
        Thursday, 11 December 2014
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        Week Ending November 28th - Natural Gas Storage

         For the week ending 11/28, EIA reported a withdrawal of 22 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 39-43 Bcf.  This brings the total storage balance to 3,410 Bcf, which is a deficit of 227 Bcf (-6.2%) from last year’s balance and a deficit of 372 Bcf (-9.8%) to the five-year average.  These deficits could go away if demand does not pick up with colder weather.  Some industry forecasters are predicting that storage ba ...

        by Ginger Needham
        Friday, 05 December 2014
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        Week Ending November 14th - Natural Gas Storage

        For the week ending 11/14, EIA reported a withdrawal of 17 Bcf.  This withdrawal was above the range of forecaster’s expectations which ranged between 9-13 Bcf.  This brings the total storage balance to 3,594 Bcf, which is a deficit of 201 Bcf (-5.3%) from last year’s balance and a deficit of 244 Bcf (-6.4%) to the five-year average.  This is the first withdrawal from storage this winter due to the colder weather experienced last week.  Updated weather forecasts indicate ...

        by Ginger Needham
        Friday, 21 November 2014
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        Does Your Plant Have Enough Gas for this Winter?

        According to Meghan Trainor, “It’s all about the bass, no treble” and that folks, is what this coming winter season is all about.  Making sure your plant has enough gas to weather the ebb and flow of the 2014-15 Polar Vortex.  Forecasters are saying the upcoming winter will be defined by cold air and ginormous amounts of snow, numerous snow events and ice storms-for most of the contiguous United States.  Unfortunately, the northwestern portion of the US may not see much of this ...

        by Lisa Foster
        Thursday, 20 November 2014
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