BENTEK Top Stories

07/02/2015–
Supply/Demand Balance Analytic Report

Sharp revision to Wednesday's production

Wednesday's production estimate was revised up 1 Bcf in the I2 cycle, driven mainly by revisions in the Northeast. Bentek's Appalachia-North-PA sample saw an upward revision of 0.2 Bcf in the I2 cycle, likely a result of Station 515 on the Transco Leidy line lifting some capacity. Wednesday's US production estimate represents the highest level observed since June 21. Total demand fell 1.8 Bcf from yesterday, with power burn leading the charge. The Southeast, Texas and Midcon Market saw a combined drop of 1.4 Bcf. While temperatures didn't fall much in these regions, Bentek samples show that nominations declined significantly, likely due to lower electricity demand as we move into the holiday weekend. Bentek forecasts show that power burn will likely dip below 30 Bcf/d over the weekend before rebounding Monday.