Focus on fracking, link here. The lede: distillate demand rose 40% to a six-month high, after flirting with a 26-year low last week.
From the report:
The natural gas storage report from the EIA for the week ending September 18th indicated that the quantity of natural gas held in underground storage in the US increased by 66 billion cubic feet to 3,680 billion cubic feet by the end of the week, which left our gas supplies 504 billion cubic feet, or 15.9% greater than the 3,176 billion cubic feet that were in storage on September 18th of last year, and 407 billion cubic feet, or 12.4% above the five-year average of 3,273 billion cubic feet of natural gas that have been in storage as of the 18th of September in recent years.
The 66 billion cubic feet that were added to US natural gas storage this week was somewhat lower than the forecast of a 77 billion cubic foot increase from an S&P Global Platts'' survey of analysts, and it was also much lower than the 97 billion cubic feet addition of natural gas to storage during the corresponding week of 2019, and well below the average of 80 billion cubic feet of natural gas that has been added to natural gas storage during the same week over the past 5 years. See graph here.
Southern Wall Update: The Laredo Edition
Link here. It's a television report so the update is a bit disjointed:
Congress appropriated 69 miles of border wall to be built in the Laredo sector. To date, 31 miles of border wall have been awarded to government contractors, but in the coming weeks the remainder of the 38 miles will be awarded to contractors so the border wall construction can begin.
Although the City of Laredo passed a resolution against a border wall and were sued by the federal government for access to survey land back in June, they ultimately agreed to allow the federal government to go in and survey land along the city property.
The case was dismissed in early September. On Thursday, surveyors were seen working on behalf of the federal government.