Jay Stevens, Author at AEGIS Hedging Solutions, LLC

May 13, 2020

Texas Eastern Pipeline Explosion Starves Appalachia of 1.4 Bcf/d Outbound Capacity

This article has been updated to reflect information released since the article was initially published on May 5, 2020. Since the outage began, Appalachian prompt-month basis prices have continued to…

Jay Stevens

Love0

Blog Natural Gas

May 8, 2020

The Summer-Winter Spread is the Widest in Nearly a Decade

Low oil prices and storage concerns for producers have caused a drop in both oil and gas production, mostly in oil concentrated plays. Therefore, there will be less supply around…

Jay Stevens

Love0

Blog Natural Gas

May 1, 2020

Rockies Natural Gas Basis Rises Amid Lower Oil Prices

Rockies natural gas prices have improved throughout the forward curve, as associated gas production declines. Hedging CIG winters is looking attractive at the moment; given its tightness to more premium…

Jay Stevens

Love0

Blog Oil Popular

April 9, 2020

OPEC+ End ‘Price War,’ Agree to Supply Cuts

Russia and Saudi Arabia agreed on Thursday to lead a 10-15 MMBbl/d oil-supply cut, at least in principle. The two large oil producers joined a group of other OPEC+ members…

Jay Stevens

Love0

Blog Oil

April 9, 2020

EIA Slashes U.S. Oil Production Forecast

The Energy Information Administration (EIA) lowered its U.S. crude production for both 2020 and 2021 to average 11.76 MMBbl/d and 11 MMBbl/d respectively. In March, production had averaged 13 MMBbl/d.…

Jay Stevens

Love0

Blog Natural Gas

April 23, 2020

Waha Prices Are Much Improved as Permian Oil Production Is Set to Fall

Update: On Thursday April 23, Hays county rescinded country road permits which allowed Kinder Morgan to install its Permian Highway Pipeline(PHP) pipeline is discussed further down in this article. Link…

Jay Stevens

Love0

Blog Hedging Popular

April 1, 2020

Counterparty Risk and Liquidity Concerns

Banks and swap dealers owe producers a lot of money on hedging gains. Should anyone worry that they can pay? Global market conditions have caused investors to make a dash…

Jay Stevens

Love4

Blog Oil Oil & Gas

April 17, 2020

Texas Regulators Weigh 1 MMBbl/d Mandatory Production Cut, During All-Day Hearing

Nearly 50 oil executives, along with Texas Railroad Commission members, debated on April 14 whether the state should cut oil production by 20%. It was surprising that government intervention was…

Jay Stevens

Love0