Press Release Our Energy Manager LLC along with their partner Wahoo Consulting LLC Announces New Pilot Project with the Commonwealth of Virginia.   December 5, 2018: OEM today announced a new pilot project with the Commonwealth of Virginia in which OEM will be auditing utility invoices for some of their largest state-owned facilities. Headquartered in…

SummerRR

The EIA reported the first withdraw of the season of -134 Bcf which was much higher than the predicted -113 Bcf.  Last year’s withdraw was -42 Bcf and the 5-year average is -25 Bcf.  Today’s withdraw widened the storage deficit by 3%.  Storage stands at 3.113 Tcf which is 17% below last years total and…

SummerRR

(click the image to read more) Electricity futures were lifted due to an upsurge of natural gas prices. The regulatory delays for a few pipeline projects in the Appalachian markets and the unexpected bullish weather forecast shifts helped the natural gas market to rally and run up over the past month.  

SummerRR

Monday Musings ……   We saw the Nymex prompt month climb over $.30 last week due to record setting storage withdraws, market constraints and weather models coming in colder for February.  So, if you are in a market that has an inverse relationship with the Nymex, now’s the time to look at your basis market.  …

SummerRR

The EIA reported today a net gas withdraw of -183 Bcf for the week ending January 12, 2018, which was less than the market predicted -199 Bcf.  The withdraw was also lower than last years withdraw of -230 Bcf and the five-year average of -203 Bcf.  Natural gas inventories stand at 2,584 Bcf compared to…

SummerRR

The EIA reported a net gas storage Withdraw of -359 Bcf for the week ending January 5th 2018. This was quite a bit larger than the market consensus of -333 Bcf. The withdraw is significant because it’s the largest withdraw ever recorded by the EIA, exceeding the prior record of -288 Bcf that took place…

SummerRR

The EIA reported a net gas storage INJECTION of 2 Bcf for the week ending December 1, 2017. This was bearish to market expectations which were centered around a 3 Bcf withdraw. A year ago, we saw a withdraw of 43 Bcf and the five-year average was a withdraw of 69 Bcf.   Natural gas storage…

SummerRR

The EIA reported a net gas storage injection of 15 Bcf for the week ending November 3rd, right in line with the general consensus.  The Nymex prompt month is trading relatively flat to the open at $3.27. Storage stands at 3,790 Bcf which is a 5.5% deficit to last year’s levels and 1.8% lower than…

SummerRR