Replies to This Discussion

Permalink Reply by CypressKnees on April 28, 2011 at 6:51

A stupid question:

  What is the injection season?

 

   Why does it end in November?

 

   Does it begin again in December of each year? Why?

Thank you. I hope you're not cringing.

• ▶ Reply

Permalink Reply by Henry on April 28, 2011 at 7:12

CK,

Natural gas demand in the US is not constant from season to season.  It peaks during the winter months, when we use it to heat our homes.  So, if we assume production is reasonably constant, we must store the gas produced in the warmer months somewhere.  We inject it underground to store it.  So the warmer months are the injection season.  Then, come December, we begin to deplete all that stored gas.  Around March, we start storing it again.  Go look on www.haynesvilleplay.com, and you'll see the cyclic nature of this.

• ▶ Reply

Permalink Reply by CypressKnees on April 28, 2011 at 7:47

Thanks so much. I go there now..

• ▶ Reply

Permalink Reply by essay on April 28, 2011 at 12:50

good report today, was below the expectations of a low number.  we're about .6% below the 5 year average for the time being.

 

look at where we were this time last year.

 

http://ir.eia.gov/ngs/ngs.html

• ▶ Reply

Permalink Reply by Parkdota on May 5, 2011 at 5:14

EIA: Storage +72 Bcf to 1.757 Tcf

The weekly EIA working gas in storage report showed a 72 Bcf net injection last week, brining the total gas in storage to 1.757 Tcf.  The weekly injection was slightly below last year's injection (83 Bcf) and the five year average (78 Bcf). The current storage level is 11.4%, or 226 Bcf, below last year's level and 1.0%, or 17 Bcf, below the five year average.

• ▶ Reply

Permalink Reply by Parkdota on May 12, 2011 at 7:34

Working natural gas in storage was 1,827 Bcf as of Friday, May 6, according to EIA’s WNGSR (see Storage Figure). The 70-Bcf net injection was once again smaller than last year and the 5-year average. Stocks continue to run below the 5-year (2006-2010) average of 1,864 Bcf despite high domestic production. Stocks last year were over 200 Bcf higher at 2,076 Bcf. Most of the shortfall can be found in the East Region which is currently 21 percent below last year and 13 percent below the 5-year average.

• ▶ Reply

Permalink Reply by adubu on May 14, 2011 at 10:35

Parkdota--I think storage is lower at this time this year due to severe record cold winter of 2010-2011 and storage for first time in several years dropped below 5 year average. Production will be about 2% higher this year so injection will fill storage capacity this year. Wind Energy has decrease NG for electric by about 8% in Texas. We need another Cold Cold Winter to keep storage low and NG prices stable or maybe > $5 next year or when all the operators get a well to get their leases HBP they may lay their rigs down and let production drop. The US can be like OPEC and control NG production in the USA and prices if they got together which doubt they would do.

• ▶ Reply