Greatest of All-Time! - Massive Draw for Propane Stocks as Production Plunges and Exports Soar.

The EIA reported that total U.S. propane/propylene inventories had a record high draw of 8.4 MMbbl for the week ended January 19, which was well above average industry expectations for a draw of 4.2 MMbbl and the 3.9 MMbbl average decline for the week. Total U.S.

U.S. LNG Still Recovering From Last Week’s Cold Snap

Temperatures plummeted across the U.S. over the Martin Luther King Jr. holiday weekend and the cold weather continued into this week. U.S. LNG feedgas, which was above 14 Bcf/d prior to the cold snap, dropped as low as 8.5 Bcf/d. Feedgas to all U.S.

Exports Rebound to 3.9 MMb/d

As we predicted last week, exports have rebounded to 3.9 MMb/d, up 600 Mb/d, after what is becoming the customary first of the year dip in export volumes. Only Houston's loadings dropped, and that was only by 20 Mb/d, essentially flat, whereas every other port area saw increases. Even Corpus Ch

LNG Facilities Play a New Role in Domestic Markets: Variable Storage & The Market Knows It

The U.S. Natural Gas market has gone through many transitions in it’s time, from fears of shortages, to ever-increasing production thanks to unconventional drillings and associated gas from crude production. Included in the long list of market changes is the introduction of U.S.

U.S. LPG Steam Cracker Feedstock Margins Plunge

Feedstock margins for LPG cracking (propane and normal butane) have sunk deeper into negative territory to start the new year approaching natural gasoline as the least economical cracker feedstock.

Permian Natural Gas Production Holds Steady after Cash Basis Briefly Turns Positive

Permian Basin natural gas production averaged 17.6 Bcf/d over the past week as the basin was only slightly affected by the plunge in dry gas production accross much of the U.S. during the recent winter storm.

Shocking Trend Reversal – Frigid Weather Brings Higher Propane Prices!

Propane is an important winter fuel in the U.S., with about half of annual demand concentrated in what is usually the coldest one third of the year – November through February. With strong winter demand as predictable as clockwork, you might think that propane prices are high in the winter and w

US Rig Count Holids Steady at 620, Rigs Added In Appalachia

US oil and gas rig count was relatively flat vs. a week ago, climbing by one rig to 620 for the week ending January 19 according to Baker Hughes. Rigs were added in Appalachia (+2) and All Other (+2), while the Permian (-2) and Anadarko (-1) both lost rigs.

U.S. Propane Inventories Draw Below Industry Expectations

The EIA reported that total U.S. propane/propylene inventories fell by 2.8 MMbbl for the week ended January 12, which was slightly below average industry expectations for a draw of 3.2 MMbbl and the 3.4 MMbbl average decline for the week. Total U.S.

Natural Gas Production Fell Unevenly During Recent Winter Freeze

As cold weather swept across the country over the past week, natural gas production plumbed depths not seen in more than a year. Winter Storm Heather’s icy blasts created freeze-offs at wellheads, and U.S.

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