July 18, 2022

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Gas Markets

Market Watch

Bullish US gas market sentiment continued to build Monday as much of the country remains in the grip of a strengthening heat wave. August gas futures rose 46.3¢ to $7.479 per million Btu. The two-session rally now totals 87.9¢. While the rally could be checked in about two weeks by moderating conditions, it’s also clear bulls are having a heyday and will likely push the contract toward $8/MMBtu. The 12-month strip rose 32.4¢ to $6.495; the 2023 calendar strip was up 18¢ to $5.498 (Futures contracts).

WTI August crude shot up $5.01 to $102.60/bbl as supply concerns return.
* * *

The Pacific Northwest border crossing at Sumas, Washington, saw the most significant price move of the day, rising $2.19 to $6.02. In Canada, Alberta benchmark Aeco rose 40¢ to $3.93. This compared to benchmark Henry Hub cash prices that were up 98¢ at $7.56. In the Northeast, Transco zone 6 New York went up $1.67 to average $7.76, while Boston-area Algonquin advanced $1.74 to average $8.05. In West Texas, cash prices at the Permian's Waha Hub rose 84¢ to average $6.89. Meanwhile, Rockies leader Kern/Opal rose 90¢ to $7.35 and SoCal Citygate advanced $1.34 to average $8.69 (Daily cash prices).
* * *

Natural gas production from seven major onshore US basins is expected to grow by 748 million cubic feet per day in August to roughly 93 billion cubic feet per day, the US Energy Information Administration (EIA) said Monday in its latest Drilling Productivity Report. The Haynesville Shale and Appalachian Basin will see the biggest jumps from July levels at 217 MMcf/d and 207 MMcf/d, respectively, with associated gas from the Permian Basin rising 166 MMcf/d, the EIA projects. Also Monday, Rystad Energy said in a report that US gas output is on track to reach an all-time high of 100 Bcf/d by year’s end, with more growth expected in 2023 as global demand for US supplies remains robust.

Tom Haywood, Houston and Everett Wheeler, Washington and Mark Davidson, Washington

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
NW SumasTransco Zone 5StanfieldTransco Station 65Transco Zone 4     0%5%10%15%20%25%30%35%40%45%50%55%60%NW SumasTransco Zone 5StanfieldTransco Station 65Transco Zone 4     
Note: Jul 18' 22 versus prior day price: points moving up (79), down (0).
Natural Gas Spot Prices
Trade Date: Jul. 18, 2022 / Flow Date: Jul. 19, 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 Natural GasKern River GasTransmission Co.Natural GasPipeline Co.Northwest PipelineNOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTransco0102030405060Algonquin GasTransmissionColumbia GasTransmissionEl Paso Natural GasKern River GasTransmission Co.Natural GasPipeline Co.Northwest PipelineNOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTransco
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Jul 18, '22
Aug '22Sep '22Oct '22Nov '22Dec '22Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23($/MMBtu)55.566.577.5Aug '22Sep '22Oct '22Nov '22Dec '22Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23CurrentLast Month
Henry Hub
Change from prior day, Jul 15 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Jul 18 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Jul 15 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
239118162463453298323291302Jul 10Jul 11Jul 12Jul 13Jul 14Jul 15Jul 16Jul 17Jul 18(MMcf/d)010020030040050060070080090010001100Jul 10Jul 11Jul 12Jul 13Jul 14Jul 15Jul 16Jul 17Jul 18NortheastSoutheastTexasUpper 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)
9 Jul 2210 Jul 2211 Jul 2212 Jul 2213 Jul 2214 Jul 2215 Jul 22050000100000150000200000250000 9 Jul 2210 Jul 2211 Jul 2212 Jul 2213 Jul 2214 Jul 2215 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
9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul(MW)010002000300040005000600070008000900010000(MMcf/d)120013001400150016001700180019002000210022002300 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 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
8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul(MW)01000200030004000500060007000800090001000011000(MMcf/d)100015002000250030003500 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 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
8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul(MW)010002000300040005000600070008000(MMcf/d)700800900100011001200130014001500160017001800 8 Jul 9 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 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
21320619819720521622623912 July13 July14 July15 July16 July17 July18 July19 July02040608010012014016018020022024026012 July13 July14 July15 July16 July17 July18 July19 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 3°
Orlando 1°
Boston 3°
Washington 0°
Seattle 1°
Philadelphia 4°
Nashville -3°
Minneapolis 7°
Los Angeles -1°
Las Vegas 2°
Detroit 2°
Denver 8°
Austin 3°
Atlanta -1°
Southeast US
New York 3°
Orlando 1°
Boston 3°
Washington 0°
Seattle 1°
Philadelphia 4°
Nashville -3°
Minneapolis 7°
Los Angeles -1°
Las Vegas 2°
Detroit 2°
Denver 8°
Austin 3°
Atlanta -1°

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