NATURAL GAS ECHO · 2017. 8. 9. · NYMEX NG Futures Indicators are positive for U.S. energy outlook Hedge Funds Cut Bullish Oil Bets on Rising Global Output BULLISH Help Support

Indicators are positive for U.S. energy outlook — The Inquirer reported that the pulling gasoline lower is a surprisingly sharp decline in global oil prices. Just a couple of months ago, a barrel of oil traded for well over $100 on global markets. Today, the

I N T H E N E W S

N O V E M B E R 3 , 2 0 1 4

N A T U R A L G A S E C H O

Prior Day’s NYMEX

Dec-14 Contract (CT)

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Trading Summary

NYMEX NG Futures

Indicators are positive for U.S. energy outlook

Hedge Funds Cut Bullish Oil Bets on Rising Global Output

BULLISH

Help Support the

Adoption of CNG

www.cngnow.com

3.00

3.50

4.00

4.50

5.00

5.50

6.00

6.50

Oct‐13

Nov‐13

Dec‐13

Jan‐14

Feb‐14

Mar‐14

Apr‐1

4

May‐14

Jun‐14

Jul‐14

Aug‐14

Sep‐14

Oct‐14

1 2 M O N T H C A N D L E S T I C K ( W E E K L Y )

Month Close Change

Dec-14 3.873 0.046

Jan-15 3.959 0.053

Feb-15 3.950 0.050

Mar-15 3.881 0.050

Apr-15 3.668 0.026

May-15 3.650 0.027

Jun-15 3.680 0.025

Jul-15 3.711 0.023

Aug-15 3.724 0.022

Sep-15 3.717 0.023

Oct-15 3.745 0.024

Nov-15 3.846 0.021

Dec-15 4.004 0.019

Jan-16 4.113 0.019

Feb-16 4.092 0.017

Mar-16 4.025 0.016

Apr-16 3.825 0.009

May-16 3.823 0.008

Jun-16 3.848 0.008

Jul-16 3.875 0.007

Aug-16 3.885 0.007

Sep-16 3.870 0.007

Oct-16 3.896 0.007

Nov-16 3.967 0.007

1YR Strip 3.784 0.032

5YR Strip 4.055 0.014

NATURAL GASFutures Close ChangeNG 3.873 0.046Volume 195,546 (106,063)Open Int. 896,690 4,461

CRUDE AND GASOLINEFutures Close ChangeCrude 80.54 (0.58)RBOB 2.1695 (0.0263)Crude/NG 20.80 (0.40)

METALSFutures Close ChangeGold 1,172.20 (26.40)

EQUITIESExchange Close ChangeDOW 17,390.52 195.10S&P 500 2,018.05 23.40

CURRENCYCurrency Close ChangeEUR‐US 1.2525 (0.0088)CN‐US 1.1266 0.0079

3.783.803.823.843.863.883.903.923.943.96

8:00

8:45

9:30

10:15

11:00

11:45

12:30

13:15

14:00

price is closer to $80. Slower economic growth in Europe, China, and elsewhere has crimped global demand for oil. More im-portant, however, is that global supply is surging. American pro-duction is booming, making the United States once again the world's largest oil producer. Production is also up in some war-torn countries such as Libya and Iraq. Saudi Arabia, which has historically curtailed output when global prices slumped, is pump-ing lots of oil, fueling much speculation about the Saudi leaders' motives. Rumors suggest that they might be trying to hurt the Muslim-extremist group ISIS, which is selling oil to finance its rampage across the Middle East. The good energy news isn't just about lower prices, moreover. America is again a global energy powerhouse. Shale-oil and natural-gas production are booming, helping make the nation energy independent. Oil imports are at 20-year lows and falling quickly. Most of what we import comes from Canada. So much natural gas is being produced that we are trying to export it. For more on this story visit philly.com or click the following link http://bit.ly/1EbUSfr Hedge Funds Cut Bullish Oil Bets on Rising Global Output — Bloomberg reported that Hedge funds cut bullish holdings in crude as record U.S. output added to a global supply glut, spur-ring the longest losing streak in prices in six years. Money man-agers reduced net-long positions in West Texas Intermediate by 2.3 percent in the week ended Oct. 28, U.S. Commodity Futures Trading Commission data show. Long positions retreated to the lowest level in 17 months. For more on this story visit bloomberg.com or click http://bloom.bg/1ttFFSc

NG Daily Sentiment

RESISTANCE 4.09 & 4.25 SUPPORT 4.01 & 3.94

Trade Date: Oct-31-2014Flow Date(s): Nov-01-2014 Through Nov-03-2014

3.570(0.054) 4.024

(0.022)

3.455 3.808 3.868(0.176) (0.273) (0.188)

3.684(0.082) 4.077

0.0392.027

3.376 3.874 3.800 (0.457)(0.316) (0.227) (0.086) 2.751

3.565 (0.058)(0.152)

2.6733.354 (0.027)(0.324)

4.2630.026 3.532 2.425

3.919 (0.209) 3.596 (0.136)(0.112) (0.016)

3.706(0.144)

3.516 3.645(0.190) (0.027) 3.692

(0.010)3.521 3.539(0.192) (0.091)

3.7613.595 0.053(0.007) 3.728

3.780 0.0300.039

NYMEX3.873

0.046

ID PRICE CHANGE ID PRICE CHANGE ID PRICE CHANGE1 3.570 (0.054) ###### 11 3.376 (0.316) ###### 21 3.800 (0.086) #########2 3.684 (0.082) ###### 12 3.354 (0.324) ###### 22 2.027 (0.457) #########3 4.263 0.026 ###### 13 3.521 (0.192) ###### 23 3.780 0.039 #########4 3.919 (0.112) ###### 14 3.595 (0.007) ###### 24 3.728 0.030 #########5 3.706 (0.144) ###### 15 3.539 (0.091) ###### 25 3.692 (0.010) #########6 3.516 (0.190) ###### 16 3.645 (0.027) ###### 26 3.761 0.053 #########7 3.532 (0.209) ###### 17 3.596 (0.016) ###### 27 2.425 (0.136) #########8 3.565 (0.152) ###### 18 3.874 (0.227) ###### 28 2.673 (0.027) #########9 3.455 (0.176) ###### 19 3.868 (0.188) ###### 29 2.751 (0.058) #########

10 3.808 (0.273) ###### 20 4.024 (0.022) ###### 30 4.077 0.039 #########Ventura Iroquois (into) Iroquois-Z2

Opal Chicago Citygates Transco-Z6 (non-NY north)

NWP-Wyoming Michcon Transco-Z6 (NY)

Waha NGPL-TXOK FGT-Z3EP-SJ Blanco TETCO-M1 30 Dominion-South

Socal-Citygate TGP-Z0 Transco-85SoCal Border Houston Ship Channel Sonat-T1

Malin Panhandle LeidyPG&E - Citygate EP-Permian Henry

DAILY INDEX DAILY INDEX DAILY INDEXStanfield NGPL Midcont Lebanon

2

34

56

8

9 10

11

12

13

14

15

16

17

18

19

2122

2324

25

26

27

28

30

DISCLAIMER: The con-

tent herein is privileged

and confidential.

Content is presented for

informational purposes

and is a reflection of the

market opinions of its

authors subject to

change without notice.

Content is derived from

sources believed to be

accurate at the time of

release but carries no

guarantee of accuracy or

completeness. Beacon

Petroleum Management,

Inc. and its clients may

or may not take posi-

tions similar or opposite

those discussed herein.

The reader should real-

ize that the trading of

commodities involves

risk, and the reader

assumes all responsibil-

ity for the risk of finan-

cial losses.

P H Y S I C A L S P O T N A T U R A L G A S P R I C E M A P

Page 2 © 2014 Beacon Petroleum Management, Inc. All rights reserved.


N O V E M B E R 3 , 2 0 1 4

N A T U R A L G A S B A S I S F U T U R E S , H E N R Y H U B S P O T P R I C E S , A N D F O R W A R D C U R V E


(4.00)

(2.00)

0.00

2.00

4.00

6.00

8.00

10.00

12.00

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

Transco Zone 6 Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014


N O V E M B E R 3 , 2 0 1 4

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31

Henry Hub Daily Spot Price

OCT 2014 SEP 2014 AUG 2014

3.253.453.653.854.054.254.454.654.855.055.25

12/1/2014

5/1/2015

10/1/2015

3/1/2016

8/1/2016

1/1/2017

6/1/2017

11/1/2017

4/1/2018

9/1/2018

2/1/2019

7/1/2019

12/1/2019

5/1/2020

10/1/2020

3/1/2021

8/1/2021

1/1/2022

6/1/2022

11/1/2022

4/1/2023

NYMEX Natural Gas Forward Curve

10/31/2014 10/24/2014 10/1/2014

(0.60)

(0.40)

(0.20)

0.00

0.20

0.40

0.60

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6 /1/2017

Sumas Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

(0.20)

(0.10)

0.00

0.10

0.20

0.30

0.40

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

Michcon Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

(4.00)

(2.00)

0.00

2.00

4.00

6.00

8.00

10.00

12.00

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

Transco Zone 6 Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

Socal Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

(0.18)(0.16)(0.14)(0.12)(0.10)(0.08)(0.06)(0.04)(0.02)0.000.020.04

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

Waha Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

0.000.020.040.060.080.100.120.140.160.180.20

12/1/2014

2/1/2015

4/1/2015

6/1/2015

8/1/2015

10/1/2015

12/1/2015

2/1/2016

4/1/2016

6/1/2016

8/1/2016

10/1/2016

12/1/2016

2/1/2017

4/1/2017

6/1/2017

FGT Z3 Basis (platts Iferc)

10/31/2014 10/24/2014 10/1/2014

Month Strike Close ChangeDec-14 3.900 0.148 0.023Jan-15 4.000 0.249 0.030Feb-15 3.950 0.328 0.030Mar-15 3.900 0.366 0.032Apr-15 3.700 0.292 0.011

May-15 3.700 0.295 0.011Jun-15 3.700 0.326 0.009Jul-15 3.750 0.342 0.012

Aug-15 3.750 0.367 0.008Sep-15 3.750 0.385 0.011Oct-15 3.750 0.428 0.013

Nov-15 3.850 0.431 0.015Dec-15 4.050 0.425 0.013Jan-16 4.150 0.466 0.015Feb-16 4.100 0.496 0.013Mar-16 4.050 0.501 0.007Apr-16 3.850 0.410 0.004

Month Strike Close ChangeDec-14 3.900 0.175 (0.023)Jan-15 4.000 0.290 (0.023)Feb-15 3.950 0.328 (0.020)Mar-15 3.900 0.385 (0.018)Apr-15 3.700 0.324 (0.015)

May-15 3.700 0.345 (0.016)Jun-15 3.700 0.346 (0.016)Jul-15 3.750 0.380 (0.011)

Aug-15 3.750 0.392 (0.014)Sep-15 3.750 0.418 (0.012)Oct-15 3.750 0.433 (0.011)

Nov-15 3.850 0.435 (0.006)Dec-15 4.050 0.471 (0.006)Jan-16 4.150 0.503 (0.004)Feb-16 4.100 0.504 (0.004)Mar-16 4.050 0.526 (0.009)Apr-16 3.850 0.435 (0.005)

CME NG Option Prices

ATM Call

CME NG Option Prices

ATM Put

W E E K L Y G A S I N U N D E R G R O U N D S T O R A G E W I T H 5 - Y R R A N G E


Release Date: October 30, 2014

O B S E R V E D S N O W D E P T H


N O V E M B E R 3 , 2 0 1 4

2 4 H O U R S N O W F A L L F O R E C A S T

3,480 BCF +87 BCF (LAST WEEK)

(294) BCF (LAST YEAR)

(310) BCF (5-YR AVG)

Total Working Gas In

Storage

EIA Weekly NG Storage

Actual and Surveys for

October 24, 2014 Released October 30, 2014

PIRA — +86

Bloomberg — +84

Reuters — +85

EIA ACTUAL — +87

U.S. Natural Gas Supply

Gas Week 10/22 — 10/29 Percent change for week compared with : Last Year

Gross Production — +7.51%

Total Supply — +6.82%

Last Week

Gross Production — +0.82%

Total Supply — +0.48%

[NEXT REPORT ON NOV 6]

U.S. Natural Gas Demand

Gas Week 10/22 — 10/29 Percent change for week compared with : Last Year

Power — +2.30%

Total Demand — (11.80%)

Last Week

Power — +0.20%

Total Demand — (0.80%)

[NEXT REPORT ON NOV 6]

Rig Count Report Date : October 31

Total Change

US - 1929 +2

CN - 429 +3

© 2014 Beacon Petroleum Management, Inc. All rights reserved.

W E A T H E R — H I G H / L O W T E M P E R A T U R E T O M O R R O W

HIGH Temperature LOW Temperature

W E A T H E R — 6 T O 1 0 D A Y O U T L O O K — N O A A Temperature Precipitation

W E A T H E R — 8 T O 1 4 D A Y O U T L O O K — N O A A Temperature Precipitation


N O V E M B E R 3 , 2 0 1 4

CME Future Prices

Ethane (C2)

Non-LDH— Mont Belvieu

CME Future Prices

Propane (C3)

Non-LDH— Mont Belvieu

Month Close Change

Dec-14 23.438 1.000

Jan-15 23.688 1.000

Feb-15 23.688 0.875

Mar-15 23.688 0.750

Apr-15 23.750 0.687

May-15 23.875 0.625

Jun-15 24.000 0.562

Jul-15 24.188 0.500

Aug-15 24.375 0.437

Sep-15 24.750 0.437

Oct-15 25.000 0.437

Nov-15 25.250 0.375

1YR Strip 24.141 0.640

(cents/gallon)

Month Close Change

Dec-14 89.688 (1.000)

Jan-15 90.688 (0.937)

Feb-15 90.188 (0.875)

Mar-15 88.188 (0.687)

Apr-15 87.125 (0.688)

May-15 87.000 (0.688)

Jun-15 87.250 (0.688)

Jul-15 87.563 (0.687)

Aug-15 88.000 (0.688)

Sep-15 88.938 (0.687)

Oct-15 89.563 (0.625)

Nov-15 90.188 (0.625)

1YR Strip 88.698 (0.740)

(cents/gallon)

E T H A N E F U T U R E S , N G / E T H A N E R A T I O , P R O P A N E F U T U R E S , A N D T H E F R A C S P R E A D



N O V E M B E R 3 , 2 0 1 4

20

21

22

23

24

25

26

27

28

29

30

11/1/2014

12/1/2014

1/1/2015

2/1/2015

3/1/2015

4/1/2015

5/1/2015

6/1/2015

7/1/2015

8/1/2015

9/1/2015

10/1/2015

11/1/2015

12/1/2015

1/1/2016

2/1/2016

3/1/2016

4/1/2016

5/1/2016

Ethane Futures

10/31/2014 10/24/2014 10/1/2014

0.850

0.900

0.950

1.000

1.050

1.100

1.150

11/1/2014

12/1/2014

1/1/2015

2/1/2015

3/1/2015

4/1/2015

5/1/2015

6/1/2015

7/1/2015

8/1/2015

9/1/2015

10/1/2015

11/1/2015

12/1/2015

1/1/2016

2/1/2016

Ethane / Natural Gas Ratio

10/31/2014 10/24/2014 10/1/2014

3.800

4.000

4.200

4.400

4.600

4.800

5.000

5.200

5.400

11/1/2014

12/1/2014

1/1/2015

2/1/2015

3/1/2015

4/1/2015

5/1/2015

6/1/2015

7/1/2015

8/1/2015

9/1/2015

10/1/2015

11/1/2015

12/1/2015

1/1/2016

2/1/2016

Frac Spread

10/31/2014 10/24/2014 10/1/2014

75

80

85

90

95

100

105

110

115

11/1/2014

1/1/2015

3/1/2015

5/1/2015

7/1/2015

9/1/2015

11/1/2015

1/1/2016

3/1/2016

5/1/2016

7/1/2016

9/1/2016

11/1/2016

1/1/2017

Propane Futures

10/31/2014 10/24/2014 10/1/2014

Close Change111.69 0.312114.00 0.000168.75 (1.563)

ButaneIso‐Butane

Nat Gasoline

Nov-14

Ethane : 42% 66,500 btu/g

Propane: 28% 90,830 btu/g

Butane: 11% 102,916 btu/g

Iso-Butane: 6% 98,935 btu/g

Natural Gasoline: 13%

115,021 btu/g

‐12

‐10

‐8

‐6

‐4

‐2

0

12/1/2014

5/1/2015

10/1/2015

3/1/2016

8/1/2016

1/1/2017

6/1/2017

11/1/2017

4/1/2018

9/1/2018

2/1/2019

7/1/2019

12/1/2019

5/1/2020

10/1/2020

3/1/2021

8/1/2021

1/1/2022

6/1/2022

11/1/2022

4/1/2023

10/31/2014 10/24/2014 10/1/2014

7981838587899193959799

12/1/2014

5/1/2015

10/1/2015

3/1/2016

8/1/2016

1/1/2017

6/1/2017

11/1/2017

4/1/2018

9/1/2018

2/1/2019

7/1/2019

12/1/2019

5/1/2020

10/1/2020

3/1/2021

8/1/2021

1/1/2022

6/1/2022

11/1/2022

4/1/2023

10/31/2014 10/24/2014 10/1/2014

B R E N T C R U D E F O R W A R D C U R V E



N O V E M B E R 3 , 2 0 1 4

W T I C R U D E F O R W A R D C U R V E

W T I — B R E N T S P R E A D

WTI (CL) Crude

Daily Sentiment

RESISTANCE 81.36 & 82.17 SUPPORT 79.64 & 78.73

78

80

82

84

86

88

90

92

12/1/2014

5/1/2015

10/1/2015

3/1/2016

8/1/2016

1/1/2017

6/1/2017

11/1/2017

4/1/2018

9/1/2018

2/1/2019

7/1/2019

12/1/2019

5/1/2020

10/1/2020

3/1/2021

8/1/2021

1/1/2022

6/1/2022

11/1/2022

4/1/2023

10/31/2014 10/24/2014 10/1/2014

NYMEX WTI (CL) Futures

Month Close ChangeDec-14 80.54 (0.580)Jan-15 80.42 (0.480)Feb-15 80.36 (0.390)Mar-15 80.31 (0.330)Apr-15 80.26 (0.300)May-15 80.23 (0.290)Jun-15 80.22 (0.290)Jul-15 80.16 (0.270)Aug-15 80.12 (0.240)Sep-15 80.13 (0.200)Oct-15 80.14 (0.180)Nov-15 80.20 (0.160)Dec-15 80.27 (0.140)Jan-16 80.25 (0.110)Feb-16 80.24 (0.080)Mar-16 80.23 (0.050)Apr-16 80.25 (0.020)May-16 80.29 0.010Jun-16 80.38 0.040Jul-16 80.35 0.060Aug-16 80.37 0.070Sep-16 80.41 0.090Oct-16 80.47 0.100Nov-16 80.54 0.110

1YR Strip 80.26 (0.309)2015 80.24 (0.272)

5YR Strip 80.55 0.164

NYMEX Brent (BZ)

Futures Month Close ChangeDec-14 85.86 (0.380)Jan-15 86.34 (0.360)Feb-15 86.87 (0.350)Mar-15 87.39 (0.360)Apr-15 87.86 (0.360)May-15 88.28 (0.350)Jun-15 88.64 (0.340)Jul-15 89.00 (0.320)Aug-15 89.29 (0.300)Sep-15 89.48 (0.290)Oct-15 89.67 (0.280)Nov-15 89.83 (0.270)Dec-15 89.95 (0.260)Jan-16 90.12 (0.240)Feb-16 90.28 (0.220)Mar-16 90.44 (0.210)Apr-16 90.58 (0.200)May-16 90.65 (0.180)Jun-16 90.73 (0.160)Jul-16 90.81 (0.130)Aug-16 90.88 (0.120)Sep-16 90.88 (0.120)Oct-16 90.91 (0.100)Nov-16 90.96 (0.100)

1YR Strip 88.21 (0.330)2015 88.55 (0.320)

5YR Strip 90.69 (0.022)

Prompt NGL Futures

(cents/gallon)

FRAC Spread

Specifications

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Documents

NATURAL GAS ECHO · 2017. 8. 9. · NYMEX NG Futures Indicators are positive for U.S. energy outlook Hedge Funds Cut Bullish Oil Bets on Rising Global Output BULLISH Help Support