Today's Indicative Fixed Price & Market Intel

9-19-23

_NYMEX is down a few cents from yesterday. The open @ $2.87, high@ $2.87, low @ $2.71, now sitting @ $2.85. Ever so slightly green through June ’25. _

_NYMEX prices are up $0.25 from 1 week ago and down $4.90 from 1 year ago. _

Latest NYMEX 2023 NYMEX average estimated @ $3.04. $3.41 for 2024. $3.97 for 2025.

_The national weather chart shows cooler temps moving across the regions for the next few days. _

Warmer temperatures forecasted in the 6 – 10-day forecast.

Resistance at $2.80. Blew right past that.

Support at $2.60. Long way off.

NatGas averages for last week: Production average = 101.9BCF/D, down 0.3Bcf/D from the previous week.

Total Demand average = 97.8BCF/D. Down 1.0Bcf from the previous week.

_PG&E and SoCal Basis prices are both down strong today. _

• PG&E CG SOCAL CG*

Start Month: Oct ‘23

1 MONTH $4.97 $5.16

3 MONTHS $6.71 $7.32

6 MONTHS $7.00 $7.54

12 MONTHS $6.08 $6.51

24 MONTHS $5.99 $6.50

_Winter Strips (Nov ’23 – March ‘24) _

$7.39 $8.00

Summer Strip (April ’24 – Aug ‘24)

$5.09 $5.35