Natural Gas
Using the latest 12Z GFS Operational and 12Z Euro Ensemble weather forecasts going out to January 20th, 2025, there is the potential for natural gas production freeze-offs in North Dakota and in the Northeast. For the 12Z GFS Operational weather forecast, the total amount in natural gas production freeze-offs went up by 0.2 Bcf compared to yesterday’s 12Z GFS Operational weather forecast. For the 12Z GFS Euro Ensemble weather forecast, the total amount in natural gas production freeze-offs went up by 1.9 Bcf compared to yesterday’s 12Z Euro Ensemble weather forecast.
Crude Oil
Using the latest 12Z GFS Operational and 12Z Euro Ensemble weather forecasts going out to January 20th, 2025, there is the potential for crude oil production freeze-offs in North Dakota. For the 12Z GFS Operational weather forecast, the total amount in crude oil production freeze-offs went up by ~293k barrels compared to yesterday’s 12Z GFS Operational weather forecast. For the 12Z GFS Euro Ensemble weather forecast, the total amount in crude oil production freeze-offs went up by ~96k barrels compared to yesterday’s 12Z Euro Ensemble weather forecast.