July 15, 2022

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Gas Markets

Market Watch

Bulls wrested control of the US natural gas market Friday, sending the August futures contract 41.6¢ higher on Friday to $7.016 per million Btu. The move comes as summer cooling demand is reaching a peak, leading one source to call Friday’s rally the last chance bulls have to get traction from summer heat. The 12-month strip rose 29.5¢ to $6.171; the 2023 calendar strip was up 17.5¢ to $5.318 (Futures contracts).

WTI August crude rose $1.79 to $97.57/bbl, down $7.22 for the week.

* * *


The Pacific Northwest border crossing at Sumas, Washington, saw the most significant cash price move of the day, falling $1.09 to $3.84. In Canada, Alberta benchmark Aeco fell 70¢ to $3.53. This compared to benchmark Henry Hub cash prices that were down 27¢ at $6.58. In the Northeast, Transco zone 6 New York went up 5¢ to average $6.10, while Boston-area Algonquin advanced 20¢ to average $6.32. In West Texas, cash prices at the Permian's Waha Hub fell 35¢ to average $6.05. Meanwhile, Rockies leader Kern/Opal fell 12¢ to $6.45 and the SoCal Citygate declined 59¢ to average $7.35 (Daily cash prices).

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The US rig count climbed four to 756 last week, up 272 from a year ago. Gas-directed rigs held at 153, up 49 from a year ago, while oil rigs climbed two to 599, up 219 from a year ago. The data show the bulk of the increase in year-over-year activity is in the Permian Basin, up 112 rigs to 350, followed distantly by the Eagle Ford Shale, up 37 to 69. The Haynesville Shale rig count is up 19 at 68 (Rig counts).

Tom Haywood, Houston and Everett Wheeler, Washington

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
EmersonAlgonquinMalinTransco Z6 - Non-NYSonatSoCal BorderTransco Zone 4AECOWestcoast Station 2NW Sumas-20%-15%-10%-5%0%5%EmersonAlgonquinMalinTransco Z6 - Non-NYSonatSoCal BorderTransco Zone 4AECOWestcoast Station 2NW Sumas
Note: Jul 15' 22 versus prior day price: points moving up (11), down (66).
Natural Gas Spot Prices
Trade Date: Jul. 15, 2022 / Flow Dates: Jul. 16-18, 2022
The above figures refer to volume-weighted averages for gas deals done today for tomorrow's flow, or weekend delivery on Friday trading, at each particular spot. Change reflects the difference from the previous published price. Composites reflect volume-weighted average for all deals done in the regional grouping. Daily Composite Spot Wellhead is a volume-weighted average for all producing area pipelines less gathering and processing costs. All prices are in $/MMBtu.

Critical Notices

Sort:
Count of Critical Notices in Last 7 Days
Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmission Co.Natural GasPipeline Co.NorthwestPipelineNOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC0102030405060Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmission Co.Natural GasPipeline Co.NorthwestPipelineNOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Jul 15, '22
Aug'22Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23($/MMBtu)4.555.566.57Aug'22Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23CurrentLast Month
Henry Hub
Change from prior day, Jul 14 '22

Baker Hughes Rig Count

Baker Hughes US Gas Rig Count
7 Jan 2214 Jan 2221 Jan 2228 Jan 22 4 Feb 2211 Feb 2218 Feb 2225 Feb 22 4 Mar 2211 Mar 2218 Mar 2225 Mar 22 1 Apr 22 8 Apr 2215 Apr 2222 Apr 2229 Apr 22 6 May 2213 May 2220 May 2227 May 22 3 Jun 2210 Jun 2217 Jun 2224 Jun 22 1 Jul 22 8 Jul 2215 Jul 2222 Jul 2229 Jul 22 5 Aug 2212 Aug 2219 Aug 2226 Aug 22 2 Sep 22 9 Sep 2216 Sep 2223 Sep 2230 Sep 22 7 Oct 2214 Oct 2221 Oct 2228 Oct 22 4 Nov 2211 Nov 2218 Nov 2225 Nov 22 2 Dec 22 9 Dec 2216 Dec 2223 Dec 2230 Dec 2260708090100110120130140150160 7 Jan 2214 Jan 2221 Jan 2228 Jan 22 4 Feb 2211 Feb 2218 Feb 2225 Feb 22 4 Mar 2211 Mar 2218 Mar 2225 Mar 22 1 Apr 22 8 Apr 2215 Apr 2222 Apr 2229 Apr 22 6 May 2213 May 2220 May 2227 May 22 3 Jun 2210 Jun 2217 Jun 2224 Jun 22 1 Jul 22 8 Jul 2215 Jul 2222 Jul 2229 Jul 22 5 Aug 2212 Aug 2219 Aug 2226 Aug 22 2 Sep 22 9 Sep 2216 Sep 2223 Sep 2230 Sep 22 7 Oct 2214 Oct 2221 Oct 2228 Oct 22 4 Nov 2211 Nov 2218 Nov 2225 Nov 22 2 Dec 22 9 Dec 2216 Dec 2223 Dec 2230 Dec 22202020212022
Gas Rigs by Basin
Rig Count as of Jul 15 '22. Source: Baker Hughes


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Jul 15 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Jul 14 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
215116295239118162463453298Jul 7Jul 8Jul 9Jul 10Jul 11Jul 12Jul 13Jul 14Jul 15(MMcf/d)0200400600800100012001400Jul 7Jul 8Jul 9Jul 10Jul 11Jul 12Jul 13Jul 14Jul 15NortheastSoutheastTexasUpper MidwestWestTotalYear-Ago
Note: Source: US Nuclear Regulatory Commission's Daily Power Reactor Status Report and Energy Intelligence,Historical data available via EI New Energy Data

Gas Prices, Power Prices and Spark Spreads for Major Hubs

Marginal Heat Rates (Btu/kWh)
8 Jul 22 9 Jul 2210 Jul 2211 Jul 2212 Jul 2213 Jul 2214 Jul 22050000100000150000200000250000 8 Jul 22 9 Jul 2210 Jul 2211 Jul 2212 Jul 2213 Jul 2214 Jul 22Malin/COBSocal/Palo VerdeAlgonquin/NE PoolHouston SC - Katy/ErcotStanfield/Mid-Col.TZ6 NNY/PJM W
Note: Indicates the threshold heat rate for each gas/power pair. Below the MHR, gas-fired generation may be more cost effective vs. purchased power above. For holidays and weekends, the previous business day's values are displayed.
Gas, Power Prices & Spark Spreads for Generators Major Hubs

Renewable Energy

Gas Equivalent of Caiso Wind and Solar Output
6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul(MW)010002000300040005000600070008000900010000(MMcf/d)1600170018001900200021002200 6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 JulCAISO Solar PVCAISO Solar ThermalCAISO WindTOTAL gas equivalent (MMcf/d)TOTAL gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data



Gas Equivalent of Ercot Wind Output
5 Jul 6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul(MW)020004000600080001000012000140001600018000(MMcf/d)500100015002000250030003500 5 Jul 6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 JulWind Generation (MW)Gas equivalent (MMcf/d)Gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data



Gas Equivalent of PJM Renewable Output
5 Jul 6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul(MW)010002000300040005000600070008000(MMcf/d)900100011001200130014001500160017001800 5 Jul 6 Jul 7 Jul 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 JulPJM SolarPJM HydroPJM WindPJM Other RenewablesTOTAL gas equivalent (MMcf/d)TOTAL gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data




Weather

Today's Short-Term Weather Forecast

Atlanta
Austin
Denver
Detroit
Las Vegas
Los Angeles
Minneapolis
Nashville
Philadelphia
Seattle
Washington
Boston
Orlando
New York
Leaflet | Weather from OpenWeatherMap
To change the layers on the map, click the icon to the left and choose the layer you want to display.
Layers available on weather map:
  • Temperature:
    Current ground temperature(in Fahrenheit).
  • Clouds:
    Displays the positions of the current cloud cover.
  • Precipitation:
    Displays current amount of falling water in liquid, sleet or snow form (in inches).
  • Wind speed:
    Displays the current wind speed(in knots).
  • Sea Level Pressure:
    Displays the current pressure at sea level(in millibars).
  • Snow:
    Displays the daily snow fall(in inches).
  • Rain:
    Displays today’s amount of rain fall(in inches).

Degree Days

Degree Days
1851871812132061981871939 July10 July11 July12 July13 July14 July15 July16 July0204060801001201401601802002209 July10 July11 July12 July13 July14 July15 July16 JulyCDDHDDCDD AvgHDD Avg
Note: Cooling Degree Days is the sum of temperature variances above 65 degrees for 14 cities: Atlanta, Georgia, Austin, Texas, Denver, Colorado, Detroit, Michigan, Las Vegas, Nevada, Los Angeles, California, Minneapolis, Minnesota, Nashville, Tenn, Philadelphia, Pennsylvania, Seattle, Washington, Washington, DC, Boston, Massachusetts, Orlando, Florida, New York, New York. Heating Degree Days is the sum of temperature variances below 65 degrees for those same 14 cities.
Degree Days


Regional °F Degree Day Differentials
Values listed are the previous days' difference from the 5-year degree day average.

Ex: A value of -4° indicates previous days' degree days were 4 degrees below the 5-year average.

Northeast US
New York 0°
Orlando -1°
Boston 0°
Washington -2°
Seattle 0°
Philadelphia 1°
Nashville 2°
Minneapolis 0°
Los Angeles -2°
Las Vegas 1°
Detroit -5°
Denver 8°
Austin -1°
Atlanta -3°
Southeast US
New York 0°
Orlando -1°
Boston 0°
Washington -2°
Seattle 0°
Philadelphia 1°
Nashville 2°
Minneapolis 0°
Los Angeles -2°
Las Vegas 1°
Detroit -5°
Denver 8°
Austin -1°
Atlanta -3°

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