-
We serve the food service
and production industries... -
Hospitality and gaming industries...
-
Medical and medical manufacturing industries...
-
Educational institutions...
-
Food processors and dehydrators...
-
Municipals and Cities...
NYMEX natural gas closed at $2.67 per MMBtu on Friday, down $0.39 or 13% from the prior week. Crude oil closed at $98.70 per barrel, down $2.86 or 3% for the week.
| NYMEX Natural Gas Futures | Monthly Natural Gas Index | |||||||||
| $/MMBtu | $/MMBtu | |||||||||
| Term | 1/13 | 1/6 | $ Chg | % Chg | Location | Dec | Nov | $ Chg | % Chg | |
| 1 Mo | $2.67 | $3.06 | ($0.39) | -13% | SoCal CG | $3.45 | $3.76 | ($0.31) | -8% | |
| 12 Mo | $3.03 | $3.37 | ($0.33) | -10% | PG&E CG | $3.41 | $3.87 | ($0.46) | -12% | |
| 24 Mo | $3.39 | $3.69 | ($0.30) | -8% | Permian | $3.06 | $3.29 | ($0.23) | -7% | |
| NYMEX Crude Oil Futures | NYMEX Heating Oil Futures | |||||||||
| $/Barrel | $/Gallon | |||||||||
| Term | 1/13 | 1/6 | Change | % Chg | Term | 1/13 | 1/6 | Change | % Chg | |
| 1 Mo | $98.70 | $101.56 | ($2.86) | -3% | 1 Mo | $3.03 | $3.07 | ($0.04) | -1% | |
Market Commentary:
The market was off for the week as the latest weather forecasts show, after a brief period of colder weather particularly in the Northeast, most of the continental United States will be engulfed by above-average and average temperatures that will sap demand for heating. The EIA reported a storage withdrawal that was larger than expectations, but that still added to the growing surplus. With no seasonal pressure on the demand side, the bubble of gas continues to roll forward into the shoulder months. Baker Hughes reported that the weekly natural gas rig count was down 20 to 791, which is down 111 from the year ago number of 902. It remains to be seen whether producers will continue a pull back or if the $100 per barrel crude prices funding liquids-rich plays will maintain interest.
Weather:
National Weather Service
Climate Prediction Center (NOAA)
Depending on the amount of natural gas you use, you may have a choice in natural gas providers*. And that choice can save your business thousands of dollars each year in energy costs. Medium and large commercial and industrial gas customers can save thousands of dollars each year by purchasing their natural gas on the open market rather than at government-regulated prices. And if you have a choice in natural gas service providers, why not choose one that can save you money and give you, the customer, membership in the company? Why not choose a natural gas provider that offers the best energy solutions for your organization and lets you have a voice in the way the natural gas company is run? Dozens of natural gas companies can provide you with the energy services your business requires. . .but Sierra Southwest is the only cooperatively owned natural gas provider serving both the core and non-core western natural gas markets.
Sierra works with our small and large business customers to help them understand the natural gas markets and can assist with securing natural gas supply under several pricing options such as index based, fixed price, fixed basis or NYMEX + basis. Our pricing desk is available daily to provide customers with real time market information and analysis. Sierra also distributes weekly gas market updates to our customers. Our goal is to keep our customers informed with the data they need to make the best decisions and to take advantage of available market opportunities when purchasing natural gas supply.
Sierra works with many different types of businesses such as core-aggregators, manufacturing plants, hospitality and health care institutions, laundry and textile, food processing and educational institutions just to name a few. Whether you have one meter or many meters spread across different LDC service areas, Sierra can help you better manage your overall natural gas supply costs.
Sierra is the Southwest’s Most Reliable Natural Gas Provider. We have the experience and expertise to provide our customers with the most reliable and competitively priced natural gas supply around. Our scheduling desk manages our customer gas pools in the most efficient and cost-effective manner possible which minimizes or avoids any service disruptions as a result of utility-called emergency operational flow orders or other pipeline restrictions.
*In order to qualify, your business must use a minimum amount of gas through a single meter each year. For SoCal customers, it’s 25,000 MMBtu; for PG&E, it’s 25,000 MMBtu, for Southwest Gas, it’s 18,000 MMBtu, for UES, it’s 12,000 MMBtu.
