Archive - Measured Depth

Is power load growth stalling?

What weather-normalized EIA 930 data suggests about recent power trends

10 hrs ago • Amber McCullagh

Launching paid subscriptions March 1

I've spent the last four months building Measured Depth into something I'm proud of.

Feb 19 • Amber McCullagh

How the growing Southeast ended up with only one pipeline (and a constrained one at that)

Bad luck, competition, and the growing importance of existing right-of-way

Feb 17

New Northeast takeaway capacity is coming next year

Transco's Southeast Supply Enhancement likely to unconstrain Station 165 while re-constraining Station 195

Feb 10 • Amber McCullagh

Pipe scrapes can't tell you how much Permian gas froze off

Three reasons scrape-based production models break down during market disruptions

Feb 3 • Amber McCullagh

January 2026

Who holds US LNG options, and who cashed them in?

Cheniere, Shell likely turned options into tens of millions, while Venture Global made only small cuts

Jan 27 • Amber McCullagh

Which coal plants actually retire in 2026?

A unit-by-unit assessment reveals most of the scheduled retirements won't happen this year

Jan 20

The end of the coal retirements tailwind

Why winter reliability is reshaping the coal-to-gas outlook

Jan 13 • Amber McCullagh

The CC backlog is bullish for gas demand

What the growth since 2019 tells us about the next five years

Jan 6 • Amber McCullagh

December 2025

How I think about being an analyst

Models, heuristics, and conviction — and why I'm skeptical of gas production scrapes

Dec 23, 2025 • Amber McCullagh

Who is still backstopping US LNG?

The buyers, contracts, and balance sheets behind 2025 FIDs

Dec 19, 2025

Now is the wrong time to be contracting for US LNG

The global market can't support prices high enough to deliver returns

Dec 16, 2025 • Amber McCullagh

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