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Ultra Petroleum Corp. Message Board

  • ahande ahande Dec 9, 2013 9:20 PM Flag

    98 bcf withdrawal from Saturday and Sunday

    From the Nat Gas Intel site
    Freeze-offs were a hot topic amongst traders. Genscape Inc. analyst Jonathan Gould estimated Monday morning that at least some production was returning. Using Dec. 4 as a benchmark, when the Lower 48 produced 66.2 Bcf/d, freeze-offs peaked on Sunday when only 64.7 Bcf/d was produced. According to Genscape data, the Lower 48 inched higher to 65.1 Bcf/d on Monday.

    A Rockies producer reported that although total U.S. demand is down 6.4 Bcf/d from Sunday's 112.3 Bcf/d, demand is still up 1.7 Bcf/d from Friday's 104.1 Bcf/d.

    On Saturday, demand reached its highest point since Jan. 22, peaking at 115.1 Bcf/d. Production began to fall when frigid temperatures hit the United States last week, trending downward over the last seven days, but they rebounded slightly Monday.

    It looks like Friday we had about 66 bcf supply and about 104 bcf demand for a total withdrawal of 38 bcf

    On Saturday (12/7) we had about 65 bcf supply and 115.1 bcf demand for a total withdrawal of 50.

    On Sunday (12/8) we had 64.7 supply and 112.3 demand for a total withdrawal of about 48 bcf.

    Sentiment: Strong Buy

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