Rig Count Update – March 7, 2013
Number of crude oil drilling rigs in the U.S. was quite stable in the last 6 months. On a year level we had a small decrease.
On world scale number of oil & gas drilling rigs changed only for the change in the U.S.
Posts Tagged ‘Natural Gas’
Rig Count Monthly – May 8, 2012
Massive fall in gas drilling in recent months coupled with large increase in oil drilling.
U.S. Natural Gas Weekly – May 4, 2012
Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf.
Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average.
Abundance of supply.
Monthly Strategy – January 2012
The consensus with which I agree is that the Euro zone is heading into a recession. While the economic activity has somewhat improved over the last months in the U.S. I remain doubtful whether the U.S. can escape the recession when Europe enters one. The data coming from China doesn’t (jet) point to a hard landing. For the time being it looks like that the Chinese government is in control. The measures to contain inflation and raising real-estate prices are successful, while in the same time China is has taken early steps to increase domestic consumption and re-balance the economy. One should not disregard and keep close watch on soft data coming from China especially in real estate and commodity related industries which are not reflected in the official data and could be pointing to serious issues.
U.S. Natural Gas Weekly – January 13, 2012
Total collapse because of oversupply.
U.S. Natural Gas Weekly – December 16, 2011
Working gas in storage fell 102 Bcf from previous week. Consensus was at -92 Bcf.
Storage level is 177 Bcf higher than same time year ago and above 5-year average.
Rig Count Monthly – December 13, 2011
Number of crude oil drilling rigs in the U.S. rose for 28 in the last month; Number of natural gas drilling rigs fell for 57.
U.S. Natural Gas Weekly – December 9, 2011
Massive oversupply.
U.S. Natural Gas Weekly – November 4, 2011
Further deterioration in fundamentals.
U.S. Natural Gas Weekly – October 21, 2011
Total deterioration in fundamentals.
U.S. Natural Gas Weekly – October 13, 2011
Working gas in storage rose 112 Bcf from previous week. Consensus was at 102 Bcf.
Storage level is 69 Bcf lower than same time year ago and has moved above 5-year average.
Monthly Strategy – October 2011
Leading economic indicators are pointing to a recession. At the time being it looks like it could be a mild one, but taken into account all the unknowns (EMU future, China slowdown, bank balance-sheet question) it could easily develop into something more ominous.
U.S. Natural Gas Weekly – September 16, 2011
Working gas in storage rose 87 Bcf from previous week. Consensus was at 82 Bcf.
Storage level is 155 Bcf lower than same time year ago and bellow 5-year average.
U.S. Natural Gas Weekly – September 9, 2011
Working gas in storage rose 64 Bcf from previous week. Consensus was also at 64 Bcf.
Storage level is 139 Bcf lower than same time year ago and bellow 5-year average.
U.S. Natural Gas Weekly – September 2, 2011
Working gas in storage rose 55 Bcf from previous week. Consensus was at 60 Bcf.
Storage level is 145 Bcf lower than same time year ago and bellow 5-year average.