Hub Flow Index™
Storage Outlook™
TX Intra Flow™
Gulf Monitor™

01/05/2009 0740

12/30/2008 0800

01/05/2009 0524

01/05/2009 0524

1078 bbtu
-155 bcf
5438 bbtu
N/A bcf
GULF PRODUCTION MONITOR: January 5, 2009 Text Box: Gulf production stands at 10.3 Bcf today. Both the East Leg of Tennessee's Blue Water System and the Discovery Mainline are expected to come back online later this week however, the same weather that caused the suspension of repair efforts on the Sea Robin system is likely also effecting repairs on other system's in the area. Repairs efforts on both systems have been delayed for weather before. TEXAS ENERGY BULLETIN: January 5, 2009 ERCOT Peak Load increased to 44 GW.Prices were lower across the region with HH down 22 cnts to $5.41.HSC fell by 39 cnts to $4.64 The HH-HSC spread increased by 17 cnts to +78 cnts. Flows east to HH fell by 93,000 MMBtu. Waha dropped by 21 cnts to $4.26. The HSC-Waha spread decreased by 18 cnts to +38 cnts. Flows east to HSC decreased by 2,000 MMBtu. SoCal was down by 36 cnts to $4.75. The SoCal-Waha spread fell by 15 cnts to +49 cnts. Flows west to SoCal increased by 27,000 MMBtu. US POWER - GAS BURN REPORT: January 5, 2009 SUPPLY DEMAND BALANCE: January 5, 2009 <--For Daily Supply/Demand Balance Report and Data, contact Bentek at 888-251-1264--> NATURAL GAS DAILY STORAGE RANGE: January 5, 2009 <--For Daily Storage Range Report and Data, contact Bentek at 888-251-1264-->
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BENTEK Special Reports
 
 

2006 Storage Fill Analysis

Summer/Fall 2006 - Natural gas storage is filling at a record pace. “Early this fall storage facilities will be full and spot prices will drop like a rock…” or so the theory goes.

Will this scenario play out? Historically, high storage inventories would likely depress spot gas prices, eliciting a positive demand response. This is less likely today. Demand destruction of recent years has resulted in many shuttered industrial facilities, many of which will never restart. The few fuel switchable oil-fired power generation facilities that were consuming oil have already moved to gas. As a result, today’s relatively inelastic natural gas demand is unlikely to respond quickly to lower prices. Consequently a maximum storage-fill scenario carries the potential to drive gas prices sharply lower. The current situation clearly entails substantial risk.

To assist our clients in understanding the dimensions of this risk, BENTEK is monitoring storage fill across the country and has prepared this analysis. This report discusses the availability of storage capacity and the potential market impact of storage capacity constraints.



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