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