Natural gas use for power generation is a key part of the natural gas supply and demand balance, even in winter

(Wed, 29 Jan 2020) Estimated daily natural gas use for power generation has averaged about 28.4 billion cubic per day (Bcf/d) so far this winter (November 1, 2019–January 29, 2020) and is up about 3 Bcf/d, or 12%, compared with the same period in 2018–19. Power burn, estimated based on S&P Global Platts data, reached 34 Bcf/d on January 20, 2020—the second-highest natural gas use for power during a day in the winter.

ISO-New England’s annual Forward Capacity Market auction set to take place on February 3, 2020

(Wed, 29 Jan 2020) On Monday, February 3, 2020, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various resources compete in the annual auctions to obtain a Capacity Supply Obligation (CSO) in exchange for receiving a market-priced capacity payment.

Working gas stocks are at their highest mid-winter level since 2017

(Fri, 24 Jan 2020) Halfway through the 2019–20 winter heat season, underground working natural gas stocks for the Lower 48 states totaled 2,947 billion cubic feet (Bcf) as of Friday, January 17, 2020. Cumulative net withdrawals from working gas totaled 782 Bcf as of January 17, which is the lowest cumulative total at this point in a heating season since 2011 and 29% less than the previous five-year average. Lower 48 states’ working gas stocks are now 251 Bcf (9%) higher than the five-year average, which is the largest surplus to a five-year average since May 2017.

Drilling Productivity Report

(Tue, 21 Jan 2020) The <em>Drilling Productivity Report</em> (DPR) uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions.

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