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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
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    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.
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    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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