Pinebrook Energy

Helping companies navigate the energy landscape.

[Pinebrook Energy @pinebrookenergy]

@WMitchell618 You’re in my native land - Western KY, where my parents were born.

[Pinebrook Energy @pinebrookenergy]

@WMitchell618 @ShaleTier7 Might as well start pulling base gas while we’re at it. Cushion/working ratio is too juicy to ignore.

[Pinebrook Energy @pinebrookenergy]

When we built this in 2022, we chose 2019 since it seemed like the most recent “normal” year (if there is such a thing in natural gas) and every year since have considered re-basing but keep finding reasons not to. It does not flow into any forward S/D, rather meant to show trend. You could arguably remove the values on the Y-Axis and it would still serve its purpose. We also track gas share of thermal, absolute & wx-adj power loads, granular EIA-930 data, etc. This is just one piece of the “what’s going on in the power stack” puzzle.

[Pinebrook Energy @pinebrookenergy]

@tipvortice Is this EIA data? Curious if it takes into account BTM solar. By no means am I challenging your conclusion - just wondering if home solar muddies the water.

I’ve been thinking a lot about the best way to measure structural load growth. It is undeniable in TX:

[Pinebrook Energy @pinebrookenergy]

@WMitchell618 @firstenercast I show similar. I typically use pop-weighted average temp for this type of analysis. Last weekend looks soft - but it was a weekend - other days have been in line.

[Pinebrook Energy @pinebrookenergy]

@Holy_Helicity @PzzaSlize @SCOTT04418310 @trader_118832 Jan 2024 HH cash averaged $4.027.

[Pinebrook Energy @pinebrookenergy]

EIA Reports +79 Bcf change in natural gas inventories for the week ending May 3.

The build was on the lower end of the range of market expectations and in line with historical benchmarks.

Inventories remain very for this time of year. #natgas

[Pinebrook Energy @pinebrookenergy]

@energyfundys Thanks for pointing it out. It was a stock observation, rather than flow. Showing it tighter week-over-week from a wx-adj perspective.

[Pinebrook Energy @pinebrookenergy]

Natural Gas Storage Change: +59 Bcf. Weekly build in line with market expectations. A little smaller than historical comps due to late season cold during the report week. Still very high for this time of year. #natgas

[Pinebrook Energy @pinebrookenergy]

@energyfundys *Inventory level is still very high for this time of year.
Only 2016 & 2012 higher for Gas Week 17. Should have clarified.

[Pinebrook Energy @pinebrookenergy]

EIA reports a 92 Bcf build in natural gas storage inventories. East Region posted a larger-than-normal build, pushing total stocks above the 5-year range for the first time since mid-January. Inventories across all EIA regions are now above their respective 5-year ranges.

[Pinebrook Energy @pinebrookenergy]

50 Bcf built into natural gas stocks. 11 Bcf lower than both last year and the five-year average.

Slowly but surely eroding the surplus

[Pinebrook Energy @pinebrookenergy]

U.S. solar output posted a new record....in April, per the EIA's Grid Monitor.

[Pinebrook Energy @pinebrookenergy]

Natural gas near its next tipping point? Read our thoughts in Pinebrook's latest white paper.

https://t.co/gw0uyMSchY

[Pinebrook Energy @pinebrookenergy]

@BadfishRanch Today is expo for CLH24 - likely more a story of low volume expiration trade for H than any underlying fundamentals. Rest of curve is moving less backward.

[Pinebrook Energy @pinebrookenergy]

@NGdaily1 @305Live2 @firstenercast Per EIA data, we are already starting to see that dynamic play out.

[Pinebrook Energy @pinebrookenergy]

@BadfishRanch Here you go:

https://t.co/0Z4hEOJQYN

[Tristan Abbey (EIA-1) @EIA_One]

This week, our team completed a 90-day assessment of the high adjustment figures we’ve been seeing in our weekly and monthly crude oil data.

Let’s discuss what we’ve found and what we plan to do.