2/11/2025
NG & CL Production Freeze-Off Update 1/26/2025
1/26/25
Natural Gas
Using the latest 12Z GFS Operational and 12Z Euro Ensemble weather forecasts going out to February 9th, 2025, there is the potential for natural gas production freeze-offs in North Dakota, Oklahoma, Colorado, and Wyoming beginning in early February. For the 12Z GFS Operational weather forecast, the total amount in natural gas production freeze-offs went down by 0.6 Bcf compared to Friday’s 12Z GFS Operational weather forecast. For the 12Z Euro Ensemble weather forecast, the total amount in natural gas production freeze-offs went down by 0.7 Bcf compared to Friday’s 12Z Euro Ensemble weather forecast.
Crude Oil
Using the latest 12Z GFS Operational and 12Z Euro Ensemble weather forecasts going out to February 9th, 2025, there is the potential for crude oil production freeze-offs in North Dakota, Oklahoma, Wyoming, and Colorado beginning in early February. For the 12Z GFS Operational weather forecast, the total amount in crude oil production freeze-offs went up by ~8.9k barrels compared to Friday’s 12Z GFS Operational weather forecast. For the 12Z Euro Ensemble weather forecast, the total amount in crude oil production freeze-offs went up by ~227k barrels compared to Friday’s 12Z Euro Ensemble weather forecast.