Last winter appears to have shaken the meteorological community, most of which — Davis included — predicted a colder than normal winter. It turned out to be the fifth warmest on record. Davis said he’s still trying to determine the causes of the very unusual winter temperatures.
Barney
Articles from Barney
WSI Sees Mild Winter in Northeast, Cold in West
In contrast to forecasts by the National Oceanic and Atmospheric Administration (NOAA) and Salomon Smith Barney of a colder-than-normal winter in key eastern consuming regions, WSI Corp.’s end-of-October update to its seasonal forecast for November, December and January predicts warmer-than-normal temperatures in the Northeast, Mid-Atlantic and in the central and southern Plains. WSI, however, said it expects cooler-than-normal temperatures in the Gulf Coast states, Northern Plains, Great Lakes states, and all areas west of the Rocky Mountains.
WSI Sees Mild Winter in Northeast, Cold in West
In contrast to forecasts by the National Oceanic and Atmospheric Administration (NOAA) and Salomon Smith Barney of a colder-than-normal winter in key energy consuming regions, WSI Corp.’s end-of-October update to its seasonal forecast for November, December and January predicts warmer-than-normal temperatures in the Northeast, Mid-Atlantic and in the central and southern Plains. WSI, however, said it expects cooler-than-normal temperatures in the Gulf Coast states, Northern Plains, Great Lakes states, and all areas west of the Rocky Mountains.
Duke, Analysts Debate Electricity Shortage or Surplus
Due to the rapid growth of new generating capacity across the nation, Salomon Smith Barney analyst Raymond C. Niles said the country is currently “crossing the mountaintop” when it comes to electricity prices peaking. He warned that the third quarter 2001 will become the first full quarter of negative commodity comparisons.
‘Aggressive’ Independents Propel U.S. Rig Forecast
Driven by North America’s growing thirst for natural gas and more drilling worldwide, Salomon Smith Barney revised its worldwide rig count forecast upwards by 30% and grew its estimated exploration and production midyear spending projections by 25%, predicting 22% more growth in North America alone. U.S. spending, propelled by aggressive independents, is at a higher pace than at any time in almost 20 years.
‘Aggressive’ Independents Propel U.S. Rig Forecast
Driven by North America’s growing thirst for natural gas and more drilling worldwide, Salomon Smith Barney revised its worldwide rig count forecast upwards by 30% and grew its estimated exploration and production midyear spending projections by 25%, predicting 22% more growth in North America alone. U.S. spending, propelled by aggressive independents, is at a higher pace than at any time in almost 20 years.
Salomon Sees Strong Injections, Rising Production
Salomon Smith Barney (SSB) said in a weekly E&P report that it expects gas storage injections to continue to strongly outpace last year and consequently put further downward pressure on gas prices in the near-term. Over the long-term, however, SSB expects current underlying supply/demand dynamics will balance out in a price range of $4 to $5/MMBtu.
UBS Warburg Says Storage Refill is ‘Tall Order’
In stark contrast to outlooks released by Salomon Smith Barney and Lehman Brothers last week that predicted natural gas storage would refill at a record pace during the 2001 filling season, UBS Warburg said it would be a challenge for the industry to refill storage to the 2,800 Bcf mark by November (see Daily GPI, April 5; April 6).
SSB Says: Heat Remains on Gas Prices
Salomon Smith Barney (SSB) analysts calculate that theunprecedented price surge this winter drove a significant amountmore demand out of the market than previously envisioned. With therecent decline in prices, however, some of that lost demand isreturning to the market.
Salomon Expects 2.4% Increase in 4Q Production
Salomon Smith Barney said yesterday in a report that it expectstotal equivalent production for its coverage group to be up 3%during the fourth quarter of 2000 compared with 4Q99 and up 1%versus the third quarter. Domestic 4Q gas production from the 41large producers (representing over 50% of total US production) inSSB’s coverage group is expected to be up 2.4% compared with theyear-ago fourth quarter and up roughly 2.2% versus the thirdquarter of this year.