From the Energy Information Administration:
Natural Gas Weekly Update
for week ending July 9, 2014 | Release Date: July 10, 2014 | Next Release: July 17, 2014
Production decrease drives total supply decline. Average total supply decreased this week to 73.2 Bcf/d, 0.3 Bcf/d (0.4%) below last week's record average of 73.5 Bcf/d. This ended three consecutive weeks of increases in total U.S. supply. Dry production decreased to 68.4 Bcf/d, 0.2 Bcf/d (0.3%) below last week's record average of 68.5 Bcf/d. Dry production reached its third highest recorded level on July 4, of 68.6 Bcf, before declining through yesterday. Average net pipeline imports from Canada decreased slightly, while liquefied natural gas (LNG) sendout increased slightly.
Consumption decreases due to lower power burn. Total U.S. natural gas consumption averaged 58.7 Bcf/d this week, 1.5 Bcf/d (2.3%) lower than last week. There was a corresponding decline in power burn of 1.6 Bcf/d (5.9%), with the average power burn for the week averaging 25.5 Bcf/d. The Northeast, Midwest, and Southeast regions registered decreases of 0.6 Bcf/d, 0.7 Bcf/d, and 0.8 Bcf/d, respectively, as temperatures cooled into the 60s and 70s in these regions through the weekend. This was partially offset by smaller power burn increases in regions farther west. Industrial consumption and net pipeline exports to Mexico both increased slightly over last week's average....MUCH MORE
Average temperature (°F)
7-Day Mean ending Jul 03, 2014
Yesterday's bottom tick was $4.108, undercut by today's $4.106 but truth be told, it actually feels 'bottomy'.
