Basis | AEGIS Hedging Solutions, LLC

November 13, 2020

CIG Gas Basis Follows Midwest Prices Lower

A decline in Chicago gas basis this month has rippled through the Rockies and Midcontinent. Colorado Interstate Gas (CIG) prices have fallen about 20c since a peak of -$0.025 only…

Jay Stevens

Love0

Blog Oil & Gas

November 6, 2020

Record Appalachia Production Decimates Southwest PA Basis

Dominion South Basis (DomS) has come under extreme pressure following a sharp rise in Appalachia gas output. Prompt-month DomS basis has dropped by about 75c to -$1.231 since late October.…

Jay Stevens

Love0

Blog Natural Gas Oil & Gas

October 23, 2020

Waha Daily Cash Prices Are Being Punished; Forward Prices Are Excellent

The vulnerability of the spot market shows why forward hedges are so necessary Waha gas this weekend is negative -49c, and it hasn’t been worth more than a dollar since…

Matt Marshall

Love0

Blog Natural Gas

September 4, 2020

Gas Storage Facilities In Key Regions Are Precariously Full

Gas basis may be threatened as the amount of natural gas in storage could set new records in the U.S. Midwest and East regions of the U.S. this fall. Storage…

Jay Stevens

Love0

Blog Oil Popular

August 13, 2020

Will WTI Midland Keep Its Premium to Cushing?

Midland light-sweet oil prices have recently traded near parity with those at Cushing. This follows the peak pandemic-induced demand crash back in April that turned many price spreads on their…

Jay Stevens

Love0

Blog

August 7, 2020

U.S. Appeals Court Rules Dakota Access Pipeline May Continue Operations… For Now

The court overruled the lower court’s decision to halt operations of the Dakota Access pipeline (DAPL), allowing the pipeline to continue carrying crude until the U.S. Army Corps of Engineers…

Nick Hillman

Love0

Blog Natural Gas

August 7, 2020

Haynesville/East Texas 2021 Basis May Improve

Unless production rises, next year's supply-demand balance should be at least as good as this year's. Haynesville and East Texas gas basis has moved higher – to a smaller discount…

Matt Marshall

Love0

Blog Oil Popular

July 31, 2020

Midland Differentials Are Back to Normal, but Some Risk Remains

Our models predict a small premium to Cushing, but only if bottlenecks don’t emerge. After a shake-up this spring, Midland’s price differential to Cushing (Mid-Cush) is back to its pre-March…

Matt Marshall

Love0

Blog Natural Gas Oil

July 31, 2020

Most of Bakken Oil Shut-ins Have Returned

Our analysis of gas pipeline flows shows oil production may be 1.3 MMBbl/d, up from 0.8 MMBbl/d Natural gas pipelines gather nominations data multiple times per day, and recent nominations…

Matt Marshall

Love0

Blog Natural Gas

July 31, 2020

Dominion South Basis is Weak, Could Get Weaker

Shut-in gas production in the Northeast has returned and strained local gas basis. Dry-gas production has rebounded to over 2 Bcf/d in Appalachia, only 600 MMcf/d shy of the record…

Jay Stevens

Love0