Natural Gas
Using the latest 12Z GFS Operational and 12Z Euro Ensemble weather forecasts going out to January 22nd, 2025, there is the potential for natural gas production freeze-offs in North Dakota, the Northeast, and now the Permian and Oklahoma. For the 12Z GFS Operational weather forecast, the total amount in natural gas production freeze-offs went up by 9.9 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 6.2 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 22nd, 2025, there is the potential for crude oil production freeze-offs in North Dakota, the Permian, and Oklahoma. For the 12Z GFS Operational weather forecast, the total amount in crude oil production freeze-offs went up by ~801k 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 ~1.014 million barrels compared to yesterday’s 12Z Euro Ensemble weather forecast.
