Story of the Day

Green Groups Take Atlantic Sunrise Challenge Straight to Appeals Court
Daily GPI
Citing FERC's lack of a quorum, a coalition of green groups filed a petition for review in federal appeals court Thursday... Read More
Proposed_transco_atlantic_sunrise_project-20130812

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NGI's Daily Gas Price Index

March 24, 2017

Physical NatGas Inches Lower on Easing Energy Demand; April Quietly Adds 2 Cents

Physical natural gas for weekend and Monday delivery found few takers in Friday's trading as ample storage, along with a quiet energy market, gave traders little incentive to lock in three-day deals.
Keystone-XL-Pipeline-Route-20170324

State Department, Which Spurned Keystone XL 500 Days Ago, Gives OK

The U.S. State Department issued TransCanada Corp. a presidential permit for its controversial Keystone XL oil pipeline on Friday, reversing a decision made about 500 days earlier that the $8 billion project was not in the nation's interest.

RRC Sunset Bill Bound For Texas House Floor

The Texas House is expected to discuss the Railroad Commission of Texas (RRC) Sunset Bill (HB 1818) on Tuesday. As it stands, the bill would reauthorize the commission for 12 years and require it to establish a policy that encourages use of alternative dispute resolution (ADR), among other things.

Wyoming Gov. Mead Compels Pipeline Authority to Drop FERC Challenge

The administration of Wyoming Gov. Matt Mead confirmed that it had asked the Wyoming Power Authority (WPA) to drop its challenge to a FERC order allowing Commission staff to act on some filings while it lacks a quorum.

USBaker0324

Permian Leads Rig Gains; Haynesville Production Comeback Seen

Texas and Oklahoma led the states in active drilling rig gains during the week ending Friday, according to Baker Hughes Inc. Texas raised its tally by eight, and Oklahoma added seven.

proposed_transco_atlantic_sunrise_project-20130812

Green Groups Take Atlantic Sunrise Challenge Straight to Appeals Court

Citing FERC's lack of a quorum, a coalition of green groups filed a petition for review in federal appeals court Thursday...

BLM Utah Oil/Gas Lease Sale Clears All Four Parcels

The U.S. Bureau of Land Management (BLM) on Thursday sold all of its four parcels and 4,174.46 acres offered in an oil/gas lease auction, pulling in bonus bids that totaled $110,263.

California Sets Nation's Strictest Oil/NatGas Methane Emission Rules

California air quality regulators on Thursday adopted the nation's toughest standards for oil and natural gas production, transmission, distribution and storage operations as a key tool in the state's efforts to counteract climate change.

Report Finds Mixed Sentiments For Global Oil/Gas Labor Market

While a difference of opinion is evident between oil and gas industry managers and employees, signs of optimism and a recovery are reflected in the first Global Energy Talent Index report released Thursday by two international energy job services companies.

Traders See Market as Long-Term Buy, Yet April Called 2 Cents Lower

April natural gas is set to open 2 cents lower Friday morning at $3.03 as traders view the market as slightly overbought and little in the way of supportive weather is seen on the horizon. Overnight oil markets rose.
EIAStorage0323

NatGas Cash Sags, But Futures Bulls Grab The Reins Following EIA Storage Data

Physical natural gas for delivery Friday traded lower Thursday as traders scurried to get their deals done before the release of Energy Information Administration inventory data.

House Democrat Wants Answers From Zinke on Interior’s Budget

The ranking member of the House Committee on Natural Resources urged the committee's chairman to have Department of Interior (DOI) Secretary Ryan Zinke testify before the panel "as soon as possible" following President Trump's proposed $1.5 billion budget cut to DOI.

Federal Judge Dismisses Claim of FERC NatGas Bias

A federal judge on Wednesday dismissed a lawsuit filed by the Delaware Riverkeeper Network (DRN) that had alleged FERC is "structurally biased" toward approving natural gas pipeline projects because of the fees it collects from the industry.

Major LNG Buyers Join Forces For Better, More Flexible Terms

Three top global liquefied natural gas (LNG) buyers have agreed to cooperate in the “joint procurement of LNG” as global LNG consumers continue to seek more flexible contract terms and favorable prices.
EIAStorage0323

April NatGas Futures Waffle Lower Following On-Target Storage Stats

Natural gas futures were tentative Thursday immediately after the Energy Information Administration reported a storage withdrawal that was what the market was expecting.

3D"Sign

NGI's Bidweek Alert Day 5 - Feb. 28 for March 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- -0.02 to -0.02
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.16 to -0.1325
Texas Eastern S. TX -- -0.12 to -0.095
Transco Zone 1 -- -0.09 to -0.09
East Texas
Carthage -- -0.1375 to -0.125
Houston Ship Channel 2.50 to 2.58 -0.08 to -0.07
Katy 2.54 to 2.55 --
NGPL TexOk 2.47 to 2.51 -0.14 to -0.05
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.15 to -0.15
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.21 to 2.30 -0.27 to -0.27
Transwestern 2.24 to 2.26 --
Waha 2.29 to 2.29 --
Midwest
Alliance 2.80 to 2.80 -0.02 to -0.02
ANR ML7 -- --
Chicago Citygate 2.49 to 2.65 -0.06 to 0.06
Chicago - Nicor Gas 2.60 to 2.65 -0.06 to 0.06
Chicago - NIPSCO 2.49 to 2.57 --
Chicago - North Shore -- --
Chicago - Peoples 2.53 to 2.64 --
Consumers Energy -- -0.0175 to 0.0125
Dawn 2.73 to 2.84 0.1725 to 0.21
Emerson -- -0.33 to -0.27
Joliet 2.80 to 2.80 -0.02 to -0.02
Lebanon -- -0.16 to -0.1025
Michigan Consolidated 2.57 to 2.68 -0.0075 to 0.055
Parkway/Union -- 0.215 to 0.215
Midcontinent
ANR SW 2.30 to 2.31 -0.275 to -0.24
Enable East 2.38 to 2.38 -0.26 to -0.215
Enable West -- -0.20 to -0.20
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.27 to 2.37 -0.30 to -0.26
Northern Border Ventura -- --
Northern Natural Demarc 2.46 to 2.53 --
Northern Natural Ventura 2.40 to 2.49 --
OGT 2.26 to 2.31 --
Panhandle Eastern 2.29 to 2.33 -0.33 to -0.26
Southern Star 2.26 to 2.33 -0.33 to -0.33
North Louisiana/Arkansas
Perryville -- -0.125 to -0.105
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.14 to -0.12
Trunkline Zone 1A -- -0.1325 to -0.1075
South Louisiana
ANR SE -- -0.1275 to -0.095
Columbia Gulf Mainline -- -0.14 to -0.12
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- -0.065 to 0.01
Henry Hub -- -0.0075 to 0.005
Southern Natural -- -0.11 to -0.08
Tennessee Line 500 2.55 to 2.55 -0.12 to -0.07
Tennessee Line 800 -- -0.13 to -0.10
Texas Eastern E. LA -- -0.15 to -0.09
Texas Eastern W. LA -- -0.1125 to -0.1125
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.09 to -0.065
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.06 to 0.00
Texas Eastern M-1, 30 -- -0.14 to -0.14
Transco Zone 4 -- -0.08 to -0.05
Transco Zone 5 -- 0.0075 to 0.05
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0075 to 0.05
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.2575 to -0.22
Dominion North -- -0.66 to -0.54
Dominion South 1.99 to 2.11 -0.62 to -0.465
Leidy Hub -- --
Millennium East Pool 1.95 to 1.95 -0.71 to -0.66
Tenn Zone 4 200L -- -0.42 to -0.3975
Tennessee Zn 4 313 Pool -- -0.60 to -0.51
Tennessee Zn 4 Marcellus 1.95 to 1.95 -0.78 to -0.70
Texas Eastern M-2, 30 Delivery -- -0.59 to -0.525
Texas Eastern M-2, 30 Receipt 1.95 to 1.95 -0.62 to -0.50
Texas Eastern M-3, Delivery 2.20 to 2.23 -0.475 to -0.37
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 1.92 to 2.01 -0.76 to -0.60
Northeast
Algonquin Citygate -- 0.65 to 0.70
Algonquin Receipts -- --
Dracut -- --
Iroquois Zone 2 -- 0.35 to 0.37
Iroquois, Waddington -- 0.26 to 0.33
Niagara -- -0.30 to 0.00
Tenn Zone 5 200L -- -0.26 to -0.26
Tenn Zone 5 300L 1.75 to 1.76 --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.405 to -0.29
Transco Zone 6 non-NY North -- -0.405 to -0.29
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 2.40 to 2.45 -0.27 to -0.15
Rocky Mountains
Cheyenne Hub 2.27 to 2.31 --
CIG 2.25 to 2.33 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.27 to 2.33 --
Kern River 2.25 to 2.37 --
Kingsgate 2.30 to 2.30 --
Northwest S. of Green River 2.20 to 2.29 --
Northwest Sumas 2.06 to 2.26 --
Northwest Wyoming Pool 2.30 to 2.30 --
Opal 2.25 to 2.37 --
Questar 2.27 to 2.27 --
Stanfield -- --
Transwestern San Juan 2.32 to 2.35 --
White River Hub 2.27 to 2.33 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.29 to 2.41 --
PG&E Citygate 2.96 to 3.03 --
SoCal Citygate 2.65 to 2.77 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.39 to 2.45 --
SoCal Border Avg. 2.39 to 2.45 --
Canada
Empress 2.17 to 2.36 --
NOVA/AECO C 2.07 to 2.25 --
Westcoast Station 2 1.70 to 1.92 --