August 10, 2022

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Gas Markets

Market Watch

September gas futures rose 36.9¢ to $8.202 per million Btu Wednesday after models began circulating showing a potential hurricane in the Gulf of Mexico late next week. "This doesn't look like a genuine threat, but oil and gas traders are online message boards and stuff spreads like wildfire even if it's meaningless," a source tells Energy Intelligence. But whether September gas pushes past resistance in the $8.20s could depend on storage data released Thursday. The 12-month strip rose 25.2¢ to $6.732; the 2023 calendar strip was up 16.7¢ to $5.688 (Futures contracts).

* * *

Analysts are anticipating a smaller-than-normal 39 Bcf build into storage for the week ended Aug. 5 when the Energy Information Administration reports data Thursday. That would raise inventories to 2,496 Bcf, about 12.1% below the five-year average. The Reuters poll consensus compares with a five-year average injection of 45 Bcf and the year-ago build of 44 Bcf. Last week, temperatures brought cooling degree days to 107, well above the 88 CDD 30-year average for the period, Reuters reports. Models for the week ending Aug. 12 are for a 38 Bcf injection, with a range from 25 Bcf to 52 Bcf. That compares with a five-year average injection of 47 Bcf and year-ago build of 46 Bcf.

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British Columbia's Westcoast Station 2 saw the most significant price move of the day, falling 56¢ to $2.92. Alberta benchmark Aeco rose 1¢ to $3.22. This compared to benchmark Henry Hub cash prices that were flat at $7.88. In the Northeast, Transco zone 6 New York went down 20¢ to average $7.42, while Boston-area Algonquin advanced 1¢ to average $7.63. In West Texas, cash prices at the Permian's Waha Hub rose 23¢ to average $7.20. Meanwhile, Rockies leader Kern/Opal rose 6¢ to $7.72, SoCal Citygate declined 80¢ to average $10.23 and Northwest Sumas gained 9¢ to average $7.68 (Daily cash prices).

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Texas-based CapturePoint has signed a letter of intent with midstream giant Energy Transfer to study ways to capture and store CO2 emissions from natural gas processing plants in the Haynesville Shale. Energy Transfer would build and operate a pipeline from the Haynesville to storage sites at the Cenla hub in central Louisiana. CapturePoint would build and operate capture services for third-party Haynesville facilities and is seeking additional industrial sources of CO2 emissions to capture and then store. If a final investment decision is reached, Energy Transfer and CapturePoint would launch a formal joint venture with expectations that the Cenla hub could permanently store “several hundred million tons of CO2.”

Tom Haywood, Houston

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
El Paso PermianCarthage HubWaha HubTranswes E of ThoreauEl Paso BondadSoCal BorderSoCal CitygateTransco Zone 5El Paso - South MainlineWestcoast Station 2-16%-14%-12%-10%-8%-6%-4%-2%0%2%4%El Paso PermianCarthage HubWaha HubTranswes E of ThoreauEl Paso BondadSoCal BorderSoCal CitygateTransco Zone 5El Paso - South MainlineWestcoast Station 2
Note: Aug 10' 22 versus prior day price: points moving up (48), down (26).
Natural Gas Spot Prices
Trade Date: Aug. 10, 2022 / Flow Date: Aug. 11, 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 GasTransmissionCo.Natural GasPipeline Co.NOVA GasTransmissionLtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC0510152025303540455055Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmissionCo.Natural GasPipeline Co.NOVA GasTransmissionLtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Aug 10, '22
Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23($/MMBtu)4.555.566.577.588.5Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23CurrentLast Month
Henry Hub
Change from prior day, Aug 9 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Aug 10 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Aug 9 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
373312506518695475406175129Aug 2Aug 3Aug 4Aug 5Aug 6Aug 7Aug 8Aug 9Aug 10(MMcf/d)0100200300400500600700800900100011001200Aug 2Aug 3Aug 4Aug 5Aug 6Aug 7Aug 8Aug 9Aug 10NortheastSoutheastTexasUpper 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)
3 Aug 22 4 Aug 22 5 Aug 22 6 Aug 22 7 Aug 22 8 Aug 22 9 Aug 2280001000012000140001600018000200002200024000 3 Aug 22 4 Aug 22 5 Aug 22 6 Aug 22 7 Aug 22 8 Aug 22 9 Aug 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
1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 Aug(MW)0100020003000400050006000700080009000(MMcf/d)120013001400150016001700180019002000 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 AugCAISO 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
31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 Aug(MW)02000400060008000100001200014000160001800020000(MMcf/d)5001000150020002500300035004000450031 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 AugWind 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
31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 Aug(MW)010002000300040005000600070008000(MMcf/d)60070080090010001100120013001400150016001700180031 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug 8 Aug 9 AugPJM 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
2222312262322322301971974 August5 August6 August7 August8 August9 August10 August11 August0204060801001201401601802002202404 August5 August6 August7 August8 August9 August10 August11 AugustCDDHDDCDD 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 -6°
Washington 4°
Seattle -1°
Philadelphia 4°
Nashville -3°
Minneapolis 4°
Los Angeles 5°
Las Vegas -4°
Detroit -3°
Denver 6°
Austin 1°
Atlanta -3°
Southeast US
New York 3°
Orlando 1°
Boston -6°
Washington 4°
Seattle -1°
Philadelphia 4°
Nashville -3°
Minneapolis 4°
Los Angeles 5°
Las Vegas -4°
Detroit -3°
Denver 6°
Austin 1°
Atlanta -3°

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