Suzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook
|
|
- Quentin Fox
- 7 years ago
- Views:
Transcription
1 Suzanne Minter Manager, Oil and Gas Consulting BENTEK Energy Natural Gas Outlook
2 North American Natural Gas The Fertilizer Institute November, Platts, McGraw Hill Financial. All rights reserved.
3 Talking points This summer saved us storage at unforeseen levels could pressure near term price outlook North American production growth continues to shape market; breaking traditional flow patterns and pricing relationships Drilling economics favor wet plays with NGLs or Oil over dry Natural Gas plays. US production growth is very focused on the Utica and Marcellus plays in the Northeast. Gas fired power generation demand rises while industrial demand growth increases especially in the Gulf Coast. New North American gas production exceeds domestic demand growth in forecast; exports (LNG + Mexico) required to balance market 3
4 Filled storage just in time for winter..
5 2014 summer vs summer Supply Side Demand Side Dom Prod LNG Can Imports Supply Power Industrial Res/Com Mex Ex Demand Summer 2014 : 2.6 Bcf/d Long Versus Summer 2013 Source: BENTEK Supply & Demand Report
6 Storage inventory carry out within ~200 Bcf of the 5 year average US Storage Inventories (Bcf) 4,000 3,750 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1, Yr Avg 5 Yr Min 2013/2014 LT Forecast Source: EIA/BENTEK Market Call Short Term
7 YTD production continues to boom Since August YOY is up 4.5 Bcf/d Forecast tend to continue Bcf/d +4.5 Bcf/d Bcf/d Source: EIA/BENTEK Forecast
8 Winter over winter outlook (0.3) (0.1) (0.1) (1.4) (4.4) (3.9) 3.0 Imports from Canada Industrial Demand Power Demand Res/comm Demand Pipe Loss Exports to Mexico Total Demand Production LNG Total Supply Winter vs. Winter (Bcf/d) US looks to be net long 6.9 Bcf/d winter over winter
9 Production Growth Trumps High Demand Case Bcf High demand scenario: o res/comm demand from Winter o adds 130 Bcf of freeze offs beyond base forecast o all other fundamentals constant What if we get another record setting winter? o 760 Bcf lower season ending inventory in high demand scenario o total volumes withdrawn are still nearly 400 Bcf less than withdrawal o inventories end above year ago levels US Storage inventories Base Forecast High winter demand forecast
10 Long Term Outlook
11 To date displaced imports coupled with increased domestic demand have balanced US NG growth (3.6) (1.0) Total Supply Production Imports from Canada LNG Demand from Power ResComm Demand Industrial Demand Bcf/d Exports to Mexico LNG Exports Pipe Loss Total Demand Fundamentals Source: BENTEK Cell Model
12 Going forward, power burn and exports are key balancing items to lower 48 NG growth (0.6) (0.1) 5.8 (0.2) Total Supply Production Imports from Canada LNG Demand from Power ResComm Demand Industrial Demand Exports to Mexico Bcf/d LNG Exports Pipe Loss Total Demand Fundamentals Source: BENTEK Cell Model
13 Plays with high returns attract drilling rigs 51/ 3 33/ 2 7/+1 21/+1 1/+1 9/+4 Rig Increases Dry Gas Focused Areas Rig Increases Liquids Rich/Oil Focused Areas Rig Declines CALIFORNIA OTHER ROCKIES 37/+6 196/+33 POWDER RIVER WIND RIVER GREEN RIVER UINTA SAN JUAN 13/+1 PICEANCE 1/+1 RATON PERMIAN 567/+106 WILLISTON 64/+12 D-J ANADARKO 253/+38 47/ 26 FT WORTH OTHER MIDCONTINENT 134/+15 EAST TX 234/+15 86/+22 7/ 1 40/+10 38/+8 ILLINOIS 5/ 4 53/+20 UTICA 19/+9 ARK FAYETTEVILLE 12/+2 ARK WOODFORD ARKLA TX GULF EAGLE FORD 21/ 1 86/ 25 MICHIGAN 26/+14 AL-MS-FL LA GULF TX GULF OFFSHORE 48/ 3 46/+7 1/ 3 OTHER APPALACHIAN MARCELLUS DRY MARCELLUS WET TOTAL 2173 CHANGE +253 Source: BENTEK, Nov 2014 Active rig count: Nov 7, 2014 / Change in rig count from Nov 1, 2013
14 Production in the US to reach 83 Bcf/d by 2019 driven by NE growth +0.3 (0.1) +0.9 (0.1) US Gas Growth Bcf/d Source: Bentek CellCast Oct
15 Backlog: Rely on expansion projects to relieve well backlog 2,500 Well Backlog by Production Region (drilled but not producing) 2,000 # Wells 1,500 1, ,992 Wells in Inventory 5 10 Bcf/d of Trapped Production NE PA Dry South PA Dry SW PA WV Wet WV Dry OH 15
16 Southeast expansion projects bring 15 Bcf/d of capacity LNG Demand LNG Demand LNG Demand SE Demand Pipeline Capacity MMcf/d Transco TETCO 2.62 Tennessee Gas 3.17 Texas Gas 1.21 Trunkline 1* Columbia Gulf 1.44 NGPL 0.75 ANR 0.6* Total 15 16
17 US demand growth relies on exports US Demand Bcf/d +0.5 US Domestic Demand Bcf/d Source: : Bentek CellCast Sep
18 New Gas Fired Generation and Coal Retirements Lead to Significant Increase in Power Demand Under Construction Year MW , , , , Total 13, Gas Burn Equivalent 1.2 Bcf/d US Power Gen Demand Growth Bcf/d (27%) Under Construction + Proposed Gas Burn Equivalent 5.3 Bcf/d Gas Burn Equivalent assumes all plants are combined cycle running at 50% utilization with heat rates of 7.5. Source: North American Power Plant Databank 18
19 Southeast leads industrial demand growth Industrial Growth Bcf/d Source: : Bentek CellCast October 2014, Industrial Project Tracker 19
20 High concentration of projects on gulf coast Nearly 90% comprised of Methanol and Ammonia Plants LNG Terminal 20
21 US LNG exports hit 7 Bcf/d by 2019 and 8 Bcf/d by LNG Exports By Facility (Bcf/d) 11.6Bcf/d of MOUs have been signed on 17.4 Bcf/d of proposed capacity. LNG Exports could average 8Bcf/d in 2020 Export forecast risk is to the upside Sabine Pass Freeport Cameron Cove Point Lake Charles Elba Island Gulf Coast Export Terminals: Freeport LNG 1.76 Bcf/d Lake Charles 2 Bcf/d Sabine Pass 2.4 Bcf/d Cameron 1.6 Bcf/d 21
22 Mexico plans more than 40 Gas fired power projects Bcf/d Mexican Power Expansion Exports to Mexico to Increase Bcf/d to 3.6 Bcf/d by 27, MW %; 7.5 heat rate Mexico s Pipeline Expansion Program: 17 Pipeline Expansions 9 Border Crossing Projects 4 Bcf/d US Import Capacity Increase 2014 Vs 2019 Average Annual Exports to Mexico Forecast 22
23 Growth in power burn critical as well as with LNG and Mexican exports to balance production forecast Bcf/d Long Bcf/d Long 27.4 Bcf/d PIPE LOSS RC INDUSTRIAL POWER Mex Exports LNG EXPORT Production Total Supply Source: BENTEK Market Call Long Term NG
24 NYMEX Forward Curve Expectations $5.00 $4.80 $4.60 $4.40 $4.20 $4.00 $3.80 $3.60 $3.40 $3.20 $4.16 Bentek Average ($4.04 NYMEX) Thru Dec 2019 Summer 2015 looks increasingly bearish $0.49 Delta Between NYMEX and Bentek 2019; Demand Assumptions NYMEX (11/14/14) BENTEK HH Spot Forecast (10/27/14) Source: BENTEK Market Call Short/Long Term, NYMEX
25 Biggest Risk To Production Scenerio
26 Gas, oil and NGL price comparison: MMBTU equivalent $/MMBtu Equivalent $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 WTI HH MB NGL Brent CAPP
27 Associated gas production accounts for 45% of current supply Bcf/d Bentek Dry Natural Gas Forecast by Basin Focus % 80% 70% 60% 50% 40% 30% 20% 10% 0% % Associated Gas Lean Gas Focus NGL Focus Oil Focus % Associated Gas 27
28 Oil weighted production tilts play economics Anadarko & Perm forecast to yield 7 Bcf/d associated gas 100% 60% 90% 80% 50% 70% 40% % of Production 60% 50% 40% 30% IRR 30% 20% 20% 10% 10% 0% 0% Oil % Gas % NGLs % Nov'14 Nov 2014 Price Assumptions: Gas = 12 month forward average curve for each regional pricing point (range $2.77 $4.02/Mcf) Oil = 12 month forward average WTI +/ differential (range $62.89 $83.80barrel) NGLs = weighted average $/barrel, 12 mo forward average Mt. Belvieu prices (range $28.71 $40.02/barrel)
29 Southeast production forecast remains at risk needs sustained higher prices Return to Growth Is at Risk Bcf/d Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 Offshore Other Fayetteville Haynesville
30 More than ~41 Bcf/d of announced capacity expansions in the Northeast by 2019; Only 32 Bcf/d will provide takeaway for production NE PA Dry 8.0 Bcf/d Wet Marcellus/Utica 24 Bcf/d Even with well inventory back log, drilling activity needs to increase in order to fill all the expansions announced for the region. Potential for 20 Bcf of additional capacity announced above our current flow forecast
31 Key Takeaways Year on year production growth coupled with weather are key to determining the storage situation North American production growth continues to shape market; breaking traditional flow patterns and pricing relationships In current price environment drilling economics favor wet plays with NGLs or Oil over dry Natural Gas plays Supply is demand constrained new North American gas production exceeds domestic demand growth in forecast; exports (LNG + Mexico) required to balance market Long term prices of NG, NGLs and Crude may help determine where production growth comes from and how proposed pipeline infrastructure may be builtout 31
32 Thank You Suzanne Minter, Manager, Oil & Gas Consulting Services 2013 Platts, McGraw Hill Financial. All rights reserved.
Gulf Natural Gas Region
Gulf Gas Market: Overview and Focal Points Page 1 of 15 Gulf Natural Gas Region Colonial Gas Mainline TX NGPL TXOK Carthage LA Waha Tennessee Zone 0 Katy Freeport Cameron Sabine Pass Henry Texas Eastern
More informationWhat s the Scenario? Winter 2015/2016 Natural Gas Market. A PointLogic Energy Presentation Jack Weixel, Vice President September 29, 2015
What s the Scenario? Winter 2015/2016 Natural Gas Market A PointLogic Energy Presentation Jack Weixel, Vice President September 29, 2015 First off, who is PointLogic Energy? Full service, energy fundamental
More informationSon of a Beast Utica Triggers Regional Role Reversal
Son of a Beast Utica Triggers Regional Role Reversal KEYTAKEAWAYS Son of a Beast Utica Triggers Regional Role Reversal Overview only. Contact BENTEK to subscribe. For more information about BENTEK s industry-leading
More informationDirect Energy Business Monthly Webinar. Expressly for Channel Partners February 25, 2016
Direct Energy Business Monthly Webinar Expressly for Channel Partners February 25, 2016 Webinar Agenda Tim Bigler, Sr. Market Strategist Commodity Market Update Beau Gjerdingen, Meteorologist Spring weather
More informationOutlook for the North American and Ontario Gas Markets
Outlook for the North American and Ontario Gas Markets Union Gas Customer Meeting London, Ontario June 5, 2014 Presented by: Frank Brock Senior Energy Market Specialist ICF International Frank.Brock@ICFI.COM
More informationUSAEE Meeting. Houston, TX. Presented by: George Lippman President of Lippman Consulting, Inc. (915) 838-1619
USAEE Meeting Houston, TX April 14, 2011 Presented by: George Lippman President of (915) 838-1619 How Shales have changed U.S. Gas Supply But at what cost? Lower 48 States Production Major Shale Production
More informationAnd Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.
And Then There Was Abundance: Examining Natural Gas in 2012 Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.org NOTICE: In issuing and making this presentation and publication
More informationNatural Gas Supply and Demand A Delicate Balancing Act. Jack Weixel VP Analysis
Natural Gas Supply and Demand A Delicate Balancing Act Jack Weixel VP Analysis First off, who is PointLogic Energy? Full service, energy fundamental data service provider. 30 employees consisting of both
More informationIAMU Natural Gas Pricing Impact to the Iowa Electric Power Generator 10/2/13 Jim Borowicz Key Energy Services, LLC
IAMU Natural Gas Pricing Impact to the Iowa Electric Power Generator 10/2/13 Jim Borowicz Key Energy Services, LLC Natural Gas Pricing Supply Transportation Capacity How Natural Gas is Priced Futures Contract
More informationTennessee Gas Pipeline Co, LLC
Co, LLC Northeast Gas Association Regional Market Trends Forum April 30, 2013 Preston Troutman Director, Business Development Kinder Morgan: Unparalleled Asset Footprint 3 rd largest energy company North
More informationLed by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record
EIA - Natural Gas Weekly Update for week ending January 28, 2015 Release Date: January 29, 2015 Next Release: February 5, 2015 In the News: Led by growth in Texas, the Southeast, and Northeast, power burn
More informationNatural Gas: Winter 2012-13 Abundance! and Some Confusion
Natural Gas: Winter 2012-13 Abundance! and Some Confusion NASEO Winter Fuels Outlook Washington, D.C. October 10, 2012 Bruce B. Henning Vice President, Energy Regulatory and Market Analysis BHenning@icfi.com
More informationNatural Gas Markets Update for the Ethanol Industry. Identifying Market Fundamentals and Managing Price Risk
Natural Gas Markets Update for the Ethanol Industry Identifying Market Fundamentals and Managing Price Risk Presentation Outline Natural Gas Market Update Demand Issues Supply Issues Implications for Ethanol
More informationJoin Together With Demand:
A RBN Energy Drill Down Report Copyright 2015 RBN Energy Join Together With Demand: The Who and How of Marcellus/Utica Midstream MarkWest Processing and Fractionation Plants 1. Introduction RBN Pipeline
More informationWill the Marcellus/Utica Overtake the Henry Hub? U.S. Natural Gas Price Volatility in 2015 & Beyond
Will the Marcellus/Utica Overtake the Henry Hub? U.S. Natural Gas Price Volatility in 2015 & Beyond Presented by Natural Gas Intelligence & Observ Commodities April 7, 2015 Presented by Patrick C. Rau,
More informationOil and Gas U.S. Industry Outlook
Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing
More informationNortheast Propane Infrastructure, Supply Shortages & High Cost to Consumers
Northeast Propane Infrastructure, Supply Shortages & High Cost to Consumers Crestwood s Finger Lakes NGL Storage Facility "The Solution" Crestwood Midstream Facilities Overview Gathering & Processing Gas
More informationNorth American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future
North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future Updated Supply Demand Outlook Background Executive Summary June 28, 2011 Sufficient midstream natural gas infrastructure,
More informationCERI Commodity Report Natural Gas
January 1 CERI Commodity Report Natural Gas Turm-oil in Natural Gas Markets Paul Kralovic On December 3, 15 the daily spot price at Henry Hub dropped to US$1.3 per MMBtu, its lowest point since December
More informationNatural Gas Year-In-Review 2006
Natural Gas Year-In-Review 2 This report provides an overview of the natural gas industry and markets in 2 with special focus on the first complete set of supply and disposition data for 2 from the Energy
More information2015-16 Winter Energy Market Assessment
Slide 1 2015-16 Winter Energy Market Assessment Item No. A-3 October 15, 2015 Slide 2 Market Overview Stable signals Low NG & electric prices Abundant NG production & storage Moderate weather in Midwest,
More informationIndiana Utility Regulatory Commission. Natural Gas Forum October 16, 2007
Indiana Utility Regulatory Commission Natural Gas Forum October 16, 2007 1 Today s Objectives Gas Supply Natural Gas Issues Energy efficiency Usage reduction continues Emerging Issues Forecast for Winter
More informationWinter 2013-14 Energy Market Assessment Report to the Commission
Winter 2013-14 Energy Market Assessment Report to the Commission Docket No. AD06-3-000 October 2013 Disclaimer: The matters presented in this staff report do not necessarily represent the views of the
More informationLuke Saban, Peregrine Midstream Partners. Gas Storage Strategies Financing new asset development and expansion
Luke Saban, Peregrine Midstream Partners Gas Storage Strategies Financing new asset development and expansion How are developers raising capital for new asset construction: Good projects with contracted
More informationOutlook for Natural Gas Supply and Demand for 2015-2016 Winter
Outlook for Natural Gas Supply and Demand for 2015-2016 Winter Energy Ventures Analysis, Inc. (EVA) Executive Summary Natural gas supplies will be adequate to meet expected demand this winter. This is
More informationGas/NGL Developments from Western Canada to the US Midwest
Gas/NGL Developments from Western Canada to the US Midwest Purvin & Gertz International LPG Seminar March 7, 2012 Tim Stauft, President Aux Sable Canada About Alliance/Aux Sable Alliance is a 1.6 bcf/d
More informationSabal Trail Transmission, LLC
FGU 2014 ANNUAL MEETING JUNE 25, 2014 Sabal Trail Transmission, LLC Connecting diverse natural gas supplies to southeast markets Josh Browning Changing Natural Gas Flows Value of capacity increases with
More informationFocus on Geopolitics N.A. Shale & Export Options - A Canadian View
Focus on Geopolitics N.A. Shale & Export Options - A Canadian View International Gas Union October 17, 2012 Ottawa, ON Dave Collyer, President, CAPP North American Natural Gas Supply Outlook Shale gas
More informationLONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT
LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT Prepared for The Electric Reliability Council of Texas JUNE 2013 Black & Veatch Holding Company 2011.
More informationToo much of a good thing: what record storage would mean for 2015/2016
Too much of a good thing: what record storage would mean for 215/216 August 215 Too much of a good thing: what record storage would mean for 215/216 US natural gas market dynamics Overview Not much stands
More informationNatural Gas Futures Trading Markets
Page 1 of 11 Gas Futures Trading Natural Gas Futures Trading Markets Page 2 of 11 Gas Futures Trading: Forward Price Curve NYMEX Natural Gas Forward Price Curve $8 $6 $4 $2 Source: Derived from NYMEX data.
More informationKeeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma
Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma Trisha Curtis, Research Analyst Energy Policy Research Foundation, Inc. (EPRINC) CERI Oil Conference 2012 April 23 rd, 2012
More informationNATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS
I. Summary NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS This brief white paper on natural gas prices is intended to discuss the continued and sustained level of natural gas prices at overall higher levels.
More informationThe US Natural Gas Revolution: Technology Transforms A Market*
The US Natural Gas Revolution: Technology Transforms A Market* Porter Bennett 1 Search and Discovery Article #70101 (2011) Posted July 12, 2011 *Adapted from oral presentation at AAPG Annual Convention
More informationOutlook for Oil and Natural Gas Markets
Outlook for Oil and Natural Gas Markets Helen Currie, PhD Senior Economist Legislative Finance Committee State of New Mexico 09-July-2014 Farmington, New Mexico Cautionary Statement The following presentation
More informationOil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016
Oil & Gas Market Outlook 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Challenging Market Environment Concerns that global economic growth will slow and reduce global oil and natural
More informationModeling the US Natural Gas Network
Modeling the US Natural Gas Network James Ellison Sandia National Laboratories, Critical Infrastructure Modeling and Simulation Group Abstract In order to better understand how the US natural gas network
More informationNew 2008-2009 Map Book
New 2008-2009 Map Book What s New: Improved and Expanded Pipeline Section More Pipeline (56 interstate Pipelines) Improved Pipeline Maps (more accurate and detail maps) Added Compressor stations on maps
More information2014 State of the Markets
2014 State of the Markets Item No: A-3 March 19, 2015 Good morning Chairman and Commissioners. The Office of Enforcement s Division of Energy Market Oversight is pleased to present the 2014 State of the
More informationCONNECTICUT ENERGY PRICE REPORT
CONNECTICUT ENERGY PRICE REPORT 1/15/2015 DENOTES FALLING PRICES COMPARED TO YEAR EARLIER DENOTES FLAT PRICES COMPARED TO YEAR EARLIER DENOTES RISING PRICES COMPARED TO YEAR EARLIER CONNECTICUT RETAIL
More informationSupply Options for the U.S. Northeast
Supply Options for the U.S. Northeast NECA Annual Conference on Fuels Tim Stringer Manager, Commercial East Agenda 2009 Supply/Demand Outlook TransCanada Key Initiatives Connecting new supply Northern
More informationCrude Pipeline & Rail Infrastructure Overview. Presentation For: 8 th Annual Pipeline Development & Expansion Conference September 17, 2013
Crude Pipeline & Rail Infrastructure Overview Presentation For: 8 th Annual Pipeline Development & Expansion Conference September 17, 2013 Agenda» New Crude Production» Pipeline Projects» Rail Developments»
More informationHow To Understand The Williston Basin
WILLISTONBASIN The Williston Basin: Greasing the Gears for Growth in North Dakota The Williston Basin: Greasing the Gears for Growth in North Dakota TABLE OF CONTENTS Executive Summary 4 North American
More informationUpstream Developments Generate Growing Hydrocarbon Gas Liquids Supply! Alan Farquharson, SVP - Reservoir Engineering & Economics!
Upstream Developments Generate Growing Hydrocarbon Gas Liquids Supply! Alan Farquharson, SVP - Reservoir Engineering & Economics! June 16, 2015 Forward-Looking Statements Certain statements and information
More informationGlobal Shale Energy Development: Expanding Economics, Trends, and Implications
Global Shale Energy Development: Expanding Economics, Trends, and Implications New and Historic Energy Direction with Shale Increasing share of U.S. natural gas production. 50%? 70%? (2040) Energy security
More informationThe Golden Age of Gas Supply Considerations
The Golden Age of Gas Supply Considerations A golden age of gas requires plentiful supplies of gas (at the right price) This presentation looks at the volumes of gas likely to be available in the future
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP NAPTP 2015 MLP Investor Conference May 20, 2015 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
More informationCreating more Value out of Storage
Creating more Value out of Storage By Gary Howorth, Founder Energy-Redefined Introduction Gas Storage is a complicated business which carries with it large risks and potentially low rewards. Assets can
More informationmany in the producing and investment community off guard and caused dramatic changes in producer behavior and balance sheets.
Testimony of Suzanne Minter Manager, Oil and Gas Consulting Platts Analytics before the U.S. Senate Energy and Natural Resources Committee Hearing to examine challenges and opportunities for oil and gas
More informationNatural Gas Markets in 2006
Order Code RL33714 Natural Gas Markets in 2006 Updated December 12, 2006 Robert Pirog Specialist in Energy Economics and Policy Resources, Science, and Industry Division Natural Gas Markets in 2006 Summary
More informationWP-07 Power Rate Case Workshop
WP-07 Power Rate Case Workshop Date of Workshop: Topic(s): , Overview Results BPA price forecast and comparison with other forecasts Assumptions Supply and demand fundamentals for the short / medium /
More informationREVIEW OF NATURAL GAS SUPPLY PORTFOLIO OPTIONS FOR CENTRA GAS CENTRA GAS MANITOBA, INC.
Page 1 of 106 REVIEW OF NATURAL GAS SUPPLY PORTFOLIO OPTIONS FOR CENTRA GAS Prepared for: CENTRA GAS MANITOBA, INC. Submitted By: ICF INTERNATIONAL 9300 Lee Highway Fairfax, VA 22031 USA (703) 218-2758
More informationPhase III: Natural Gas-Fired Electric Power Generation Infrastructure Analysis An Analysis of Pipeline Capacity Availability
Phase III: Natural Gas-Fired Electric Power Generation Infrastructure Analysis An Analysis of Pipeline Capacity Availability Prepared for: The Midcontinent Independent Transmission System Operator Gregory
More informationPresentation to the State of Alaska Legislature. Liquid Natural Gas (LNG) NPV Analysis and Results
Presentation to the State of Alaska Legislature Liquid Natural Gas (LNG) NPV Analysis and Results June 9, 2008 Key Conclusions LNG Projects Have Higher Capital Costs and Therefore Greater Risk than a Pipeline
More informationShort Term Energy Outlook Supplement: Constraints in New England likely to affect regional energy prices this winter
January 18, 2013 Short Term Energy Outlook Supplement: Constraints in New England likely to affect regional energy prices this winter Since November, New England has had the highest average spot natural
More informationUS Ethane and Ethylene Exports & Markets Report
US Ethane and Ethylene Exports & Markets Report Introduction With the development of shale gas and oil the U.S. production landscape has experienced a dramatic shift over the last 5 years. There has been
More informationThe Growth of U.S. Natural Gas: An Uncertain Outlook for U.S. and World Supply
The Growth of U.S. Natural Gas: An Uncertain Outlook for U.S. and World Supply For 2015 EIA Energy Conference Washington, D.C. By John Staub, Team Lead, Exploration and Production Analysis U.S. Energy
More informationJ.P. Morgan Energy Conference
J.P. Morgan Energy Conference June 27, 2016 Don Marchand, Executive Vice President, Corporate Development and Chief Financial Officer Forward Looking Information and Non-GAAP Measures This presentation
More informationJune2015. Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov
June2015 Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov TechnicalUtilityServices PaulT.Diskin,Director Preparedby: MathewP.Stewart,GasReliabilityEngineer
More informationAssessing Natural Gas Supply
Competitive Energy Services, LLC [Insert date] Competitive Energy Services Assessing Natural Gas Supply February 7, 2014 Assessing Natural Gas Supply Options for New England and their Impacts on Natural
More informationEIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications
EIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications November 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared
More informationNatural Gas Monthly. October 2015. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585
Natural Gas Monthly October 2015 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration
More informationExpanding Natural Gas Service: Opportunities for American Homes and Business
Expanding Natural Gas Service: Opportunities for American Homes and Business NARUC Staff Subcommittee on Gas Washington, D.C. February 3, 2013 Bruce B. Henning Vice President, Energy Regulatory and Market
More informationRange Resources Corporation Company Presentation April 2013
Range Resources Corporation Company Presentation April 2013 Ten Years of Double-Digit Production Growth Mmcfe/d 1000 900 800 700 600 500 400 300 200 100 20%-25% Growth Projected for 2013 0 2003 2004 2005
More informationLNG Imports by Country of Origin (Bcf) LNG Imports by Receiving Terminal (Bcf) LNG Imports by Company (Bcf)
LNG Imports by Country of Origin (Bcf) 2013 Jan Feb March April May June July Aug Sept Oct Nov Dec TOTAL Egypt 0.0 0.0 0.0 0.0 0.0 0.0 Norway 0.0 0.0 0.0 0.0 0.0 0.0 Qatar 0.0 3.7 3.7 0.0 0.0 7.3 Trinidad
More informationOil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska. Remarks by Marianne Kah Chief Economist
Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska Remarks by Marianne Kah Chief Economist Cautionary Statement The following presentation includes forward-looking statements.
More informationAugust 6, 2015. 2Q 2015 Results. Rick Muncrief, President and Chief Executive Officer
August 6, 2015 2Q 2015 Results Rick Muncrief, President and Chief Executive Officer 2nd Quarter Highlights Strong oil production of 32.7 Mbbl/d, 38% increase 1 YTD cash margin only ~5% lower despite ~45%
More informationCanadian Natural Gas Exports and Promotion of Cleaner Energy in the US Market
Canadian Natural Gas Exports and Promotion of Cleaner Energy in the US Market UNFCCC Workshop on Cleaner or Less Greenhouse Gas-emitting Energy May 7-8, 2002, Whistler, B.C. Rick Hyndman, PhD School of
More informationInvestor Presentation. June 2016
Investor Presentation June 2016 NYSE ECR Cautionary Statements Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. All statements,
More informationAOBA Utility Committee
AOBA Utility Committee Energy Markets in Tailspin Major Economic Recession Continues to Pull Energy Prices Downward Where Will It End? Presented By Bruce R. Oliver President, Revilo Hill Associates, Inc.
More informationNatural Gas Monthly. May 2016. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585
Natural Gas Monthly May 2016 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration
More informationEconomic Update as of June 30, 2016
MACRO Report: Review of Wyoming s Economy Economic Update as of June 30, The MACRO Report is a quarterly publication comprised of charts focusing on energy, employment, state revenues, and other indicators
More informationThe Fuel and Vehicle Trends Report January 31, 2014
ISSN 1948-2388 The Fuel and Vehicle Trends Report This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest trends in vehicle
More informationCountdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever
Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever Alan Lammey, Sr. Energy Markets Analyst Who Is PointLogic Energy? PointLogic Energy provides
More informationThird Quarter 2015 Swift Energy Company November 5, 2015
Third Quarter 2015 Swift Energy Company November 5, 2015 Forward Looking Statements The material included herein which is not historical fact constitutes forward-looking statements within the meaning of
More informationU.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator
U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase
More informationStock Pitch. Westen Koorbusch, Travis Wolf, Zachary Dukoff, Udit Agrawal, Isaac Fraynd
Stock Pitch Westen Koorbusch, Travis Wolf, Zachary Dukoff, Udit Agrawal, Isaac Fraynd Table of Contents I. Investment Thesis & Company Overview II. Industry Overview III. IV. Natural Gas Holdings & Pipeline
More informationNatural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO
Natural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO Agenda 1 Importance of Diversifying to Natural Gas 2 Natural Gas Diversification Strategy 2 Currently, Puerto
More informationElectricity Analysis Office Electricity Supply and Analysis Division California Energy Commission
NATURAL GAS PRICE VOLATILITY Randy Roesser Electricity Analysis Office Electricity Supply and Analysis Division California Energy Commission Presented at: California Energy Commission Sacramento, CA June
More informationMETHODOLOGY AND SPECIFICATIONS GUIDE
ARGUS NORTH AMERICAN NATURAL GAS IMPLIED VOLATILITY FORWARD CURVES Contents: Introduction 2 Code of conduct and compliance 2 Methodology 2 Trading locations 4 Contact information 6 LAST UPDATED: JANUARY
More informationOCCIDENTAL PETROLEUM CORPORATION. Third Quarter 2015 Earnings Conference Call October 28, 2015
OCCIDENTAL PETROLEUM CORPORATION Third Quarter 2015 Earnings Conference Call October 28, 2015 Cautionary Statements Forward-Looking Statements Portions of this presentation contain forward-looking statements
More informationPETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission
PETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission Summary As of September 14, retail regular-grade gasoline prices in California increased
More informationFinancial Plan & Outlook
2015 FINANCIAL PLAN & OUTLOOK 02.05.15 2015 2017 Financial Plan & Outlook Safe Harbor Statement Some of the statements in this document concerning future company performance will be forward-looking within
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of 9-25-14)
PIPELINE SYSTEMS (as of 9-25-14) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationLNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in
More informationOne important issue in the debate about expediting the U.S. Department of Energy s LNG permitting
ACCF CENTER FOR POLICY RESEARCH SPECIAL REPORT NOVEMBER 2013 LNG EXPORTS: HOW MUCH WILL THEY IMPACT U.S. NATURAL GAS PRICES? BY MARGO THORNING, PH.D. SENIOR VICE PRESIDENT AND CHIEF ECONOMIST AMERICAN
More informationEnergy Ventures Analysis 1901 N. Moore St. Arlington, VA 22209 (703) 276 8900
T H E I M P A C T O F E A R L Y C O A L R E T I R E M E N T S O N K E Y P O W E R M A R K E T S ISO = 46.6% Prepared for: National Mining Association Washington, DC Northwest = 41.3% MISO = 36.8% NYISO
More informationA Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption
A Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption This analysis examines the impact of the August 2000 El Paso Natural Gas Pipeline system disruption upon the ability
More informationTHE OIL & GAS CONFERENCE
THE OIL & GAS CONFERENCE August 2012 Disclaimer This presentation contains forward-looking statements within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended
More informationTRADING AND ANALYTICS GUIDE
Objective information. Sytematic approach TRADING AND ANALYTICS GUIDE February 9, 2016 Part I TRADING AND ANALYTICS GUIDE Overview Page 1 GeckoiCapital Analytics (GiCA) is a research and analysis division
More informationNortheastern Winter Gas Outlook New York City remains constrained, but increased Marcellus production is bearish for non-ny deliveries.
? Northeastern Winter Gas Outlook New York City remains constrained, but increased Marcellus production is bearish for non-ny deliveries. Morningstar Commodities Research 2 December Jordan Grimes Sr. Commodities
More informationTransamerica MLP & Energy Income
Alternative Investments Transamerica MLP & Energy Income A comprehensive approach to infrastructure investing Portfolio managed by Kayne Anderson Capital Advisors, L.P. Transamerica Funds are advised by
More informationHigh Prices Show Stresses in New England Natural Gas Delivery System
February 7, 2014 High Prices Show Stresses in New England Natural Gas Delivery System Abstract. Since 2012, limited supply from the Canaport and Everett liquefied natural gas (LNG) terminals coupled with
More informationAssessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions
Assessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions Prepared for: New York City Mayor s Office of Long-Term Planning and Sustainability Submitted by: ICF International
More informationTres Palacios Natural Gas Storage Acquisition Overview. September 7, 2010
Tres Palacios Natural Gas Storage Acquisition Overview September 7, 2010 Forward Looking Statements NYSE: NRGY, NRGP Cautionary Statement Regarding Forward-Looking Statements This communication contains
More informationNatural Gas Summit 11/14/12
Natural Gas Summit 11/14/12 1 Natural Gas Summit 11/14/12 Maureen Ball Joined Central New York Oil and Gas (Inergy) in 1999. Participated in the development and construction of various storage, compression,
More information2010 Natural Gas Market Review
2010 Natural Gas Market Review August 20, 2010 Submitted to: Ontario Energy Board P.O. Box 2319 2300 Yonge Street 27th. Floor Toronto ON M4P 1E4 Submitted by: ICF International 277 Wellington St. W Toronto,
More informationOil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading?
RESERVOIR ENGINEERING SOFTWARE & SERVICES Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading? Dale Struksnes, Manager - Reserve Evaluations April 13, 2010 Media Commentary on Oil and
More informationInvestment Community Presentation. May 2016
Investment Community Presentation May 2016 Forward Looking Statements This presentation includes forward-looking statements, which are statements that frequently use words such as "anticipate," "believe,
More information