Volume 13, Issue 56 February 15, 2016
In this Issue
Editor's Note
Prices Continue to Fall Despite Cold Temperatures
Investor Relations
WGL Holdings, Inc. Reports First Quarter Fiscal Year 2016 Financial Results
Natural Gas Fundamentals
Natural Gas Storage Update
Rig Count for Natural Gas
NYMEX Natural Gas Monthly Settlements for the Past 12 Months
NYMEX Values per Month for the Forward 12 Months
NYMEX Graph for Natural Gas - 12 Month Average Price per Therm at the Louisiana Well-Head
PJM Electricity
PJM Graph for Electricity - 12 Month Average Peak Power Price
Local Heating Degree Days*
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Editor's Note
Prices Continue to Fall Despite Cold Temperatures
Weekly review for February 6, 2016 - February 12, 2016


On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of February 5 was 2,864 BCF. This was a decrease of 70 BCF from the previous week and slightly below the market’s expectation of 81 BCF. Inventories are currently 573 BCF higher than they were last year at this time, and 543 BCF higher than the 5-year average.

The coldest temperatures of the winter moved into the East Coast over the President’s Day weekend. Although these temperatures were among the coldest we've seen this year, it's not likely this weekend’s peak demand eclipsed PJM’s reported winter-to-date Peak Demand of 130,600 MW, set during the 8 a.m. hour on January 19, 2016 (from the Editor: preliminary PJM data shows a peak load of 121,600 MW for the 7 p.m. hour on Saturday, February 13, 2016).

Forward-year Natural Gas curves traded at all-time lows last week for calendar years 2017-2019, settling at $2.65, $2.74 and $2.80/Dth, respectively. The 12-month forward market for NYMEX natural gas futures fell 2.7% and the PJM West Hub 12-month forward curve remained flat for the week, as market participants focused on the warming trend that is expected to reach the East Coast by the middle of this week.


This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions. 


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