Western Gas Market Review - February 2010

Western Natural Gas Prices

Canadian Gas at Kingsgate, ID

The January 2010 average daily price of Canadian gas at Kingsgate, ID was $5.55/mmBtu.  This was 13 percent higher than the $4.91/mmBtu January 2009 average and 26 percent lower than the $7.47/mmBtu January 2008 average.

Rocky Mountain Gas at Opal, WY

The January 2010 average daily price of Rocky Mountain gas at Opal, WY was $5.43/mmBtu.  This was 46 percent higher than the $3.72/mmBtu January 2009 average and 26 percent lower than the $7.30/mmBtu January 2008 average.

Southwestern Gas at the Southern California Border

The January 2010 average daily price of Southwestern gas at the Southern California Border was $5.76/mmBtu.  This was 30 percent higher than the $4.43/mmBtu January 2009 average and 25 percent lower than the $7.68/mmBtu January 2008 average.

Intercontinental Exchange

Working Gas in Western Underground Storage

Net gas withdrawals for January 2010 totaled 94 Bcf, decreasing Western underground storage levels to 359 Bcf.  This volume is 6.5 percent higher than the January 2009 storage level of 337 Bcf and 19 percent above the five year average January storage level of 301 Bcf.

U.S. Energy Information Administration

Western Natural Gas Production

Natural gas production in the Western U.S. for the 12 months ending in January 2010 averaged 12.7 Bcf/day.  This was 1.5 percent higher than production for the comparable 2009 period and 12 percent higher than production for the comparable 2008 period.

Bentek Energy, LLC

Western Rig Count

The Western states rotary rig count for the week ending January 29, 2010 was 191, a decrease of 65 rigs or 25 percent from the year-ago count.  It is a decrease of 36 percent from the five year average January rig count of 301.

Baker Hughes

Western Imports

Imports of Canadian natural gas into the Western U.S. for the 12 months ending in January 2010 averaged 2.6 Bcf/day. This was 3.5 percent higher than imports for the comparable 2009 period and 3.1 percent lower than imports for the comparable 2008 period.

Bentek Energy, LLC

Western Natural Gas Demand

Natural gas demand in the Western U.S. for the 12 months ending in January 2010 averaged 11.0 Bcf/day. This was 3.9 percent lower than demand for the comparable 2009 period and 1.9 percent higher than demand for the comparable 2008 period.

Bentek Energy, LLC

Return to February 2010 Western Energy News

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