RE:Gas Processing -- mid stream Lets calculate the total withdrawal from storage in the lower 48 states. If the storage withdrawal is greater than the average 5 year than the gas processing facilities are working
hard to replenish storage.
The data shows a withdrawal of more than 226bcf (billion cubic feet) more in 2021 than the 5 yr ave withdrawal.(a 16% bigger withdrawal).
| Week of | 2021 bcf | 2016-2020 |
| | | ave. bcf |
| 4/2/2021 | 20 | 9 |
| 3/26/2021 | 14 | -24 |
| 3/19/2021 | -32 | -51 |
| 3/12/2021 | -11 | -59 |
| 3/5/2021 | -52 | -84 |
| 2/26/2021 | -98 | -81 |
| 2/19/2021 | -338 | -120 |
| 2/12/2021 | -237 | -142 |
| 2/5/2021 | -171 | -126 |
| 1/29/2021 | -192 | -146 |
| 1/22/2021 | -128 | -173 |
| 1/15/2021 | -187 | -168 |
| 1/8/2021 | -134 | -161 |
| 1/1/2021 | -130 | -114 |
| | | |
| Total 1st QTR | -1676 | -1440 |
This was mentioned in a roundabout way in the Petrogas trucking sale with good pricing.
GLTA
RFguy
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rfguysd - (4/28/2021 12:46:10 AM)
Gas Processing -- mid stream Question for the Forum? Do you think the Gas processing side of Altagas had a good 1st qtr? Better than 1st-2020? . Plants are more efficient when running near capacity. Comments.
GLTA
RFguy