Winter Forecast Update
Posted: Sat Dec 10, 2016 10:36 am
http://www.weatherbell.com/final-winter-forecast
The winter forecast at the link above is now very bullish for natural gas prices. If the ngas in storage falls below the 5-year average (expected to happen in January), we should see the front month NYMEX contract push over $4.00/MMBtu. A colder than normal February, could then push ngas over $4.50.
This will give all of our Sweet 16 a nice revenue boost. GPOR and RRC will get the most benefit. SM, EOG, DVN, NFX and XEC also sell a lot of gas and NGLs.
COLD in the Midwest will help propane prices.
The winter forecast at the link above is now very bullish for natural gas prices. If the ngas in storage falls below the 5-year average (expected to happen in January), we should see the front month NYMEX contract push over $4.00/MMBtu. A colder than normal February, could then push ngas over $4.50.
This will give all of our Sweet 16 a nice revenue boost. GPOR and RRC will get the most benefit. SM, EOG, DVN, NFX and XEC also sell a lot of gas and NGLs.
COLD in the Midwest will help propane prices.