US dry production averaged 71.1 Bcf/d throughout the week, remaining flat from last week’s dry gas output. Southeast production picked up 0.1 Bcf/d compared to last week as maintenance on the Lucius Hadrian system in the Louisiana Offshore region ended September 17. The Midwest experienced a minor gain of 26 MMcf/d while the Rockies and Midcon Producing were flat to last week. Texas production and Northeast production dipped by 72 MMcf/d and 60 MMcf/d, respectively, and the Southwest experienced a modest drop of 29 MMcf/d. On the demand side, power burn increased to average 32.3 Bcf/d this week, up 1.4 Bcf/d from last week as temperatures across the US were warmer on average. Power burn gains were scattered across the US with Texas increasing 518 MMcf/d, the Midcon and Southwest both gained 420 MMcf/d, and the Midwest was up 325 MMcf/d. Power burn is forecasted to drop and average 27.9 Bcf/d over the next week as temperatures are expected to cool down across the board.
US dry gas production is relatively flat day on day, edging down 0.1 Bcf to 70.9 Bcf. The drop was a combination of 0.1 Bcf declines in the Midcon, Northeast, Rockies and Texas, offset by 0.1 Bcf increases in the Southwest and Southeast. US production averaged 71.1 Bcf/d this week, unchanged from last wee. On the demand side, power burn experienced a bigger movement and is down 2.2 Bcf to 30.4 Bcf as temperatures across the US are generally down day on day. The Midcon Market experienced the biggest drop at 1.2 Bcf, the Northeast and Southeast both decreased 0.3 Bcf, the Southwest and Texas both dropped 0.2, and the Northwest is down 0.1. Week on week, power burn is up 1.4 Bcf/d. residential/commercial demand is up 0.3 Bcf to 12.5 Bcf, led by 0.1 Bcf gains in the Southwest, Northeast, and Midcon Market while the Southeast dropped 0.1 Bcf.
After rallying Monday and Tuesday as weather heated up in the region, prices in the Northeast fell for gas day September 23, with forecasts showing temperatures moving back towards normal. Total demand is projected to drop 250 MMcf/d to 13.5 Bcf/d for Friday’s gas day, and fall as low as 13 Bcf/d before picking back up again Monday, September 26. The decline is due to power burn, projected to drop 1.1 Bcf/d with offsetting gains in ResComm of 0.5 Bcf/d over the weekend. The weekend is expected to average 13 Bcf/d, with power burn and ResComm averaging 6.1 Bcf/d and 6.8 Bcf/d respectively. An operational flow order was called on Tennessee zones five and six Thursday beginning Saturday, September 24 as a result of this mild weather, high storage inventory, and ongoing maintenance works in the area. Delivery point operators are required to take deliveries equal to or greater than their scheduled quantities or they may face penalties.