Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

OE ENERGY

MARKET SNAPSHOT

West Version –Data through October 201

Office of Enforcement

Federal Energy Regulatory Commission

November 2016
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Natural Gas and Fuels MWest
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

West Day Ahead Natural Gas Prices

Averaged Annually/Seasonally

West Natural Gas Market: Annual Hub Prices

Source: ICE Notes:

Up

3

Average Day

Ahead Prices

($/MMBtu)

SoCal

Border

Opal

Wyoming

Plant

El Paso

Permian

GTN Malin

Oregon

Annual 3.83 3.65 3.63 3.71 Summer 3.82 3.61 3.63 3.67 Winter 2013/2014 4.89 4.88 4.68 4.88 Annual 4.50 4.35 4.26 4.39 Summer 4.34 4.07 4.07 4.14 Winter 2014/2015 3.15 3.03 3.01 3.06 Annual 2.60 2.46 2.44 2.51 Summer 2.67 2.51 2.51 2.56 Winter 2015/2016 2.04 1.96 1.88 2.01 Annual 2.31 2.19 2.18 2.23 Summer 2.47 2.34 2.33 2.38 Winter 2016/2017 2.23 2.08 1.99 2.08 

2013 2014 2015 2016 YTD
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

West Daily Day-Ahead Prices

West Natural Gas Market: Day-Ahead Prices

Source: ICE Notes:

Up

$0.0$0.5$1.0$1.5$2.0$2.5$3.0$3.5$4.0$4.5$5.0

Spot Day-Ahead Prices ($/MMBtu)

SoCal Border Opal WyominEl Paso Permian GTN Malin O

$0$5

$10

2013 2014 2015 2016

30 Day Moving Avg

4
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

West Daily Day-Ahead Basis

West Natural Gas Market: Day-Ahead Basis

Source: ICE Notes:

Up

-$1.0-$0.8-$0.6-$0.4-$0.2

$0.0$0.2$0.4$0.6$0.8$1.0

Day Ahead Basis ($/MMBtu)

SoCal Border Basis Opal Wyoming PlEl Paso Permian Basis GTN Malin Orego

-$1.0

$0.0$1.0$2.0 30D Moving Avg

5
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

West Average Monthly Basis

West Natural Gas Market: Average Monthly Basis

Source: ICENotes:

Up

-$0.60-$0.50-$0.40-$0.30-$0.20-$0.10

$0.00$0.10$0.20$0.30$0.40$0.50

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

2014 2015 20

Day-Ahead Basis AVeraged Monthly 

($/MMBtu)

SoCal Basis Opal Basis El Paso Permian Basis G

6
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Rockies Natural Gas Demand All Sectors

West Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy data

Note: Rockies is defined as Montana, Wyoming, Colorado, and Utah 

01234567

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov D

Bcfd

2011-2015 Range 2016

7
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Southwest and Northwest Natural Gas Demand A

West Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy dataNote: Data derived from interstate natural gas pipeline flows. Southwest is defined as New Mexico, Arizona, California, Nevada and the Northwest is defined as Idaho, Oregon, and Washington 

02468

1012141618

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Bcfd

2009-2014 Range 2016

012345

Jan Feb Mar Apr May Jun Jul Au

Bcfd

2011-15 Range 

Southwest Northwes

8
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

West Natural Gas Consumption for Power Genera

West Natural Gas Market: NG Consumption for Power Generation

Source: Derived from Bentek Energy dataNote: West is defined as Montana, Wyoming, Colorado, Utah New Mexico, Arizona, California, Nevada , Idaho, Oregon, and Washington 

0

1,0002,0003,0004,0005,0006,0007,000

MMcfd

 2011 - 2015 Range2016

9