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Chevron reaffirms strategies and future growth; expected to add over 800,000 barrels of oil equivalent per day by 2017 :

"Our upstream portfolio leads the industry in quality, breadth and depth. We have the right strategies, always adhere to a disciplined investment approach, and are constantly managing the portfolio to extract and maximize value for our shareholders. Our base business is performing exceptionally well and provides us a substantial, longer-term competitive advantage, driving continued peer-leading financial and operational performance."

"Our plan for production growth is solid and will be driven by near-term project ramp-ups as well as our larger major capital projects which begin starting up later this year....These projects are attractive, and when combined with profitable production growth from our shale and tight resource developments, are expected to add over 800,000 barrels of oil equivalent per day by 2017. We also have a deep queue of other growth opportunities which should allow us to continue growing production to the end of the decade." 

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Natural Gas

The source for this is the SandRidge message board, but it's possible it was first posted elsewhere. 

Looks like we end up close to 800bcf in storage by April 1st and we may have a cold spring, at least in portions of the Midwest due to the Great Lakes being frozen over.

Average build is around 2.0tcf, we will need a 3.0tcf build to get back to last years level. Close to an extra 4.5bcfd, maybe more if Spring is cold, will be needed. I don't see that happening. Massive increases in production to the tune of 4.5bcfd plus need to come online by April 1 - good April Fools joke that the futures market is playing on us. Likely it has more to do with CFTC regulations. The spriggett doesn't just suddenly open up by 4.5bcfd just because the draw season is over, it will be a slow build and may disappoint the Bears and the EIA.

I'm the ultimate NG Bull, but don't want to see our country have serious shortages next winter. If we don't have a hot summer or a cold winter next year, things may be OK, otherwise look for rationing and curtailments. There is potential for serious problems developing. The backside of the curve needs to move to that 5.50 to 6.00 area out for two years or the country will be facing massive shortfalls in production - perhaps as soon as next winter.

Canada is having storage problems as well - don't look to see them bail us out. This could be a lot more serious than what anybody is talking about. Mexico exports coming up EOY further exacerbates the problems.

JMHO, but I pretty much nailed it so far. Anybody think that production suddenly goes up by 4.5bcfd on April 1? There are 210 days on average for refill season. At a 1.0tcf deficit that means injections need to go up by 4.76bcfd to get us back up to 3.8tcf in storage - it Ain't Gonna Happen.

If we just get an average build of 2.0tcf, its a nightmare. The country will draw 3.0tcf this year. A 2.8tcf storage going into next winter is a disaster. Cold Spring, Hot Summer, could such a thing happen that the USA has Serious NG supply problems as soon as next winter? Well, the writing is on the wall, this is definitely going to happen sometime between 2015 and 2017, and it sure looks like its going to happen sooner than later.

Stock up on the low priced natural gas producers. Low storage reserve stocks are a given, the natural gas bull market is alive and well.