DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,475 Bcf as of Friday, January 8, 2016, according to EIA estimates. This represents a net decline of 168 Bcf from the previous week. Stocks were 587 Bcf higher than last year at this time and 474 Bcf above the five-year average of 3,001 Bcf. At 3,475 Bcf, total working gas is above the five-year historical range.
Estimated Withdrawal 176 Bcf and 180 Bcf
Vs
Actual withdrawal 168 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a natural gas storage withdrawal of between 176 Bcf and 180 Bcf for the reporting week that ended January 8. A withdrawal within expectations would be less than the 220 Bcf reported at this time in 2015 but directly in line with the 178 Bcf fiveyear average. The wider range of analysts’ expectations for this week was for a withdrawal of 154 Bcf to 192 Bcf. This looks to be the largest drawdown of the heating season, but it still would be 42 Bcf less than the withdrawal at this time last year.
Oil is on the decline to a 12 year low says researchers
CitiGroup Research said that oil could go down to 20 dollars a barrel
North American is losing about 2 Billion dollars a week in Oil and Gas Production
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM and Index, Fixed pricing.
Additional Information: http://www.msn.com/en-us/money/markets/dollar20-oil-no-longer-mirage-as-world-confronts-12-year-low/ar-CCrU6z?li=BBnbfcL
Quakes in Ok.. cause injections from oil and gas
Oklahoma hit with 70 quakes with a week
- Experts say that the earth quakes swarm in Oklahoma are due to fracking and are caused by the oil and the gas industry
- The injected water changes the friction of naturally occurring fault lines, uncorking the quakes.
- Oklahoma in 2014 had at least 5,415 earthquakes; 585 of them were magnitude-3 or greater. In comparison, the state had just 109 magnitude-3 quakes in 2013, according to the Oklahoma Geologic Survey.
- State regulators have ordered well companies operating in the area to either scale back or halt injection operations
Interesting news article today…. http://www.msn.com/en-us/news/us/oklahoma-hit-with-70-quakes-in-a-week/ar-AAguX1B?li=BBnb7Kz
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM and Index, Fixed pricing.
Developer seeks city approval to replace Crawford power plant in Little Village
Chicago’s Little Village is home to a retired coal-fired power plant. Future use of the space is being planned by Hilco Redevelopment Partners with the approval of the City Council. Hilco plans to convert it into a distribution center and they believe the jobs created would benefit the city. (more…)
Natural gas prices spike on cold weather and lowest early season supply in 15 years
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. (more…)
Are Smart Thermostats Worth The Investment?
With technology advancing so quickly these days, there are many options for consumers to make daily tasks more efficient. Whether homeowners are building a new space or upgrading amenities, it has become popular to use a digital thermostat. Programmable thermostats are more common and have proven useful but smart thermostats are on the rise. (more…)