Friday, April 13, 2012
BENTEK projects the Eagle Ford Shale will drive a 15% increase in Texas Gulf Coast Onshore natural gas production by November, offsetting declines in other Texas basins. BENTEK expects Texas to be increasingly long gas in the near-term as Eagle Ford production growth continues to outpace demand and put downward pressure on regional prices. BENTEK’s Texas Observer reports total Texas supply is up 1.0 Bcf/d or 5% year-to-date from last year, driven by onshore production growth, while total demand is up 0.6 Bcf/d for the same period. Due to the combination of Marcellus pushback and milder winter weather, net Texas outflows have declined nearly 0.4 Bcf/d since this time last year. As a result, Texas is currently 0.8 Bcf/d longer supply than year-to-date 2011.
BENTEK’s Texas Observer details the daily balance of natural gas supply, demand and storage in Texas and provides an up-to-date report that keeps readers current on regional market trends and interregional dynamics. With a new format that includes an updated production model and additional forward-looking content, the Texas Observer explores the relationships between natural gas fundamentals and price data to enhance your daily decision making.
Key features of BENTEK’s Texas Observer:
• Section dedicated to the Eagle Ford that includes updates on rig activity and production, gathering, processing and intrastate connect receipts from the Texas Gulf Coast Onshore basin
• Infrastructure updates, including Eagle Ford expansions, Mexican export projects, LNG export projects and planned storage capacity additions
• Track the impact of Marcellus growth and basis spreads on Texas outflows
• Analyze how low natural gas prices are affecting regional production and demand from the power sector
ALSO AVAILABLE FROM BENTEK:
BENTEK’s full line of Observers provides regional coverage of natural gas supply and demand dynamics, price differentials and inflow/outflow analysis.
BENTEK’s Cell Model database balances supply, demand and storage on a region-by-region basis and provides new visibility into the movement of natural gas in the U.S.
To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.