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Group: CHK WITHOUT THE FRAT BOYS
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The 2012 injection season s/b very interesting. On a weather-neutral basis Robry has 3,932 as the projected 2012 peak storage later this fall. That projected storage amount is not much higher than the 2011 peak (3,852 at 11/18/2011) or the 2010 peak (3,840 at 11/5/2010).
The fix may very well be in with a current 3 bcf/d favorable supply-demand balance. At that rate we could work off 100 bcf/month of excess storage and end up near Robry's projected 2012 peak of 3,932.
Of course, many variables, primarily weather and reversal of coal-to-gas swithing based on any increase in NG pricing.
