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Platts is a leading global provider of energy, petrochemicals, metals and agriculture information, and a premier source of benchmark price assessments for those commodity markets. 

Platts acquired Bentek Energy in 2011. Bentek was a recognized leader in natural gas, oil and NGL market fundamental analysis with expertise in power, demand and other energy segments. Bentek provided a full range of products including daily market reports,online applications, comprehensive studies, consulting engagements and retainer services.

By combining the skills and experience of Bentek with Platts, we can now provide a deeper level of market data, news, and analysis, on a regional and global basis, to meet the needs of analysts and traders.

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Thursday, October 20, 2016 - 6:00 AM
Sabine Pass feedgas volumes increased to 50 MMcf/d Thursday, its strongest level in 33 days and a likely confirmation of the maintenance operation being completed. Feedgas deliveries rose 10 MMcf/d from Wednesday, and Thursday is the seventh day in a row with deliveries to the LNG facility, averaging 25 MMcf/d over that span. Despite deliveries increasing over the past few days, feedgas is still well below the 1.2 Bcf/d average seen over the first two weeks of September before Sabine Pass began to ramp down for the four week modification to the train 1 & 2 flare. Sabine Pass exported two cargoes during the maintenance, including the 3.4 Bcf/d Marin Gas Sparta which was chartered to Manzanillo, Mexico. The exports brought Sabine Pass storage down near 11 Bcf after entering the maintenance period near its 17 Bcf capacity. Total demand in the Southeast has fallen 4 Bcf/d from the first two weeks of September to its current 14-day average, near the lows of the year as demand dissipates during the shoulder season.
Thursday, October 20, 2016 - 5:45 AM
Pacific Northwest power burn has slowly regained lost ground from the "atmospheric river" storm that slammed into the upper west coast late last week. Generation data from BPA showed hydro increased to a peak of 162 GWh/d on October 14, an uptick of 34 GWh/d from the first week of October which could translate into as much as 391 MMcf/d of gas-equivalent consumption. Power burn fell sharply from October 13-14, by 307 MMcf/d and averaged 260 MMcf/d October 14-16. Further pressuring gas burn, wind generation reached a market share of 27% last Friday, and averaged 19% since. The build in both wind and hydro caused power prices at Mid-C to drop $4.70/MWh and $10.72/MWh for peak and off-peak, respectively, from October 13-14. Compared with the prior five days, power burn in the PNW has increased 125 MMcf/d over the past two days, with the two-week forecast showing the fundamental averaging 216 MMcf/d through the rest of October.
Thursday, October 20, 2016 - 5:45 AM
Williams Partners and Crestwood Equity Partners, a 50/50 joint venture in the Bucking Horse processing plant and Jackalope Gas Gathering System, announced an agreement with Chesapeake Energy Corporation to restructure gathering and processing services in the Powder River Basin. Crestwood said this new simplified fee structure will promote production growth and improve the economics on both the drilling and midstream operations. Improved economics within the basin could help boost rates of return, which are currently at about 6% this month, despite the basin having an oil heavy (43%) production mix. Powder River natural gas production is down about 100 MMcf/d year-on-year. The Bucking Horse plant, specifically, has a capacity of 120 MMcf/d but has averaged just 44 MMcf/d over the last 30 days.

S&P Global Platts Acquires RigData

S&P Global Platts Acquires RigData

EIA Storage Comparison

Indices Chg Date
TX Intra Flow™ 2272 BBtu -47.82% 04/27
Gulf Production™ 6.2 BBtu -8.82% 04/22

Weekly Storage Forecast*

10/07-10/13 Week
10/14-10/20 Forecast Week
East 12 12 TBD
Midwest 22 22 TBD
South Central 36 38 TBD
Mountain 3 3 TBD
Pacific 1 2 TBD
Total 74 77 N/A

Weekly forecast is available to subscribers on Tuesday morning. 

* All storage numbers are in BCF

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