Story of the Day

Long Term Reform of Mexico Energy Sector ‘Extraordinary,’ Despite Election Uncertainty
Daily GPI
Mexico’s historic energy reform launched four years ago may hit a few bumps if, as expected, left-wing presidential candidate... Read More
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NGI's Daily Gas Price Index

June 18, 2018

July Natural Gas Plunges Below $3 as Latest Weather Forecasts Sustain Cooler Trends

July natural gas prices retreated Monday as returning production and slightly cooler weather outlooks for the end of June and early July weighed heavily on the market.

$44B Needed Annually Through 2035 for U.S., Canada NatGas, Oil, NGL Pipes, INGAA Says

Natural gas, oil and natural gas liquids midstream infrastructure development in the United States and Canada will continue at a significant pace through 2035, with an average $44 billion investment needed each year, according to a report released Monday by the Interstate Natural Gas Association of America's INGAA Foundation.

China's $83.7B Plans for West Virginia Shale, PetChem Projects in Jeopardy As Trade War Escalates

As fears over a trade war with the United States loom, executives from China Energy Investment Corp. canceled an appearance they were scheduled to make at an industry conference in Pittsburgh this week, where a key announcement was expected about its multi-billion dollar plans for shale gas-related projects in West Virginia.

Cox Oil Snaps Up Energy XXI for $322M

Energy XXI Gulf Coast Inc., whose predecessor company spent billions to establish a foothold in the U.S. offshore only to collapse into scandal and bankruptcy, on Monday agreed to be acquired by Cox Oil Offshore LLC for $322 million.

TransCanada Says Shippers Trigger 280MMcf/d Mainline Expansion

Capacity for sending natural gas from Alberta and British Columbia east across the continent will jump by 280 MMcf/d by November 2021, TransCanada Corp. announced Monday.
nexus-map

FERC OKs Construction on Phase II of Tetco Expansion Tied to Nexus

FERC has cleared Texas Eastern Transmission LP to start construction on the second and final phase of its Texas Eastern Appalachian Lease project, a Northeast expansion designed to connect with the Nexus Gas Transmission pipeline.

MDU’s Idaho Utility Proposes to Replace 600 Miles of Natural Gas Pipelines

Idaho-based Intermountain Gas Co., owned by MDU Resources Group, is seeking regulatory approval in the state for a planned $158 million pipeline integrity management program.
Annual-US-Gross-Exports-to-Mexico-as-a-Percentage-of-US-Dry-Gas-Production-20180614 (1)

Long Term Reform of Mexico Energy Sector ‘Extraordinary,’ Despite Election Uncertainty

Mexico’s historic energy reform launched four years ago may hit a few bumps if, as expected, left-wing presidential candidate...

Modest Easing of Near-Term Heat Sends July Natural Gas Lower Ahead of Open

July natural gas prices were about 1.5 cents lower Monday ahead of the open, trading at $3.009 settle amid a modest pullback in near-term weather forecasts.

Brief -- PG&E Credit Rating

Nymex July Soars Past $3 as June Heads for Hottest on Record

July natural gas was uncharacteristically active Friday as traders eyed increasingly hotter trends in the latest weather forecasts and the potential hotter temperatures may have on already below-normal storage inventories. The Nymex July gas futures contract settled 5.7 cents higher at $3.022.

LaFleur, Glick Dissents on MVP Rehearing Show FERC Divided on Pipeline Reviews

FERC in an order Friday upheld its decision on the Mountain Valley Pipeline, striking down rehearing requests from numerous environmental groups opposed to the 303-mile, 2 million Dth/d greenfield Appalachia-to-Southeast natural gas project.

Summer Swelter Picks Up July Natural Gas Forwards Values

July natural gas forward prices rose an average 2 cents from June 7-13 as weather models trended hotter for the near term, according to NGI’s Forward Look.
usbaker0615

U.S. Drops Four Natural Gas Rigs as Oil Count Ticks Higher, Says BHI

The United States saw a net decline for four natural gas rigs for the week ended Friday, enough to offset a small increase in oil activity and drive the overall domestic rig count lower, according to data from Baker Hughes Inc.
Maximum-Line-Imports-into-the-US-by-Exporting-Country-and-Diameter-Size-20180615-v2

Trump’s 25% Tariff on Chinese Imports Includes Offshore Drilling Parts

In another sign of a developing international trade war, the Trump administration has enacted a 25% tariff on a host of products imported...

3D"Sign

NGI's Bidweek Alert Day 5 - May 31st for June 2018
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.1375 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- -0.08 to -0.08
East Texas
Carthage -- -0.17 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk 2.67 to 2.68 -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.99 -1.08 to -1.06
Transwestern 2.00 to 2.01 --
Waha 1.96 to 1.98 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.58 to 2.74 --
Chicago - Nicor Gas 2.58 to 2.63 --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn 2.65 to 2.75 -0.215 to -0.18
Emerson -- -0.425 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated 2.70 to 2.70 -0.24 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.345 to -0.31
REX into MGT - Edgar -- -0.28 to -0.28
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW 2.23 to 2.23 -0.65 to -0.65
Enable East 2.64 to 2.65 -0.30 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.43 to 2.58 --
Northern Natural Ventura 2.45 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.21 to 2.32 -0.67 to -0.645
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.18 to -0.17
Columbia Gulf Mainline -- -0.175 to -0.145
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.06 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.05 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.04
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- 0.06 to 0.06
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.28 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.68 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.50 to -1.30
Tenn Zone 4 200L -- -0.4875 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.50 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.51 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.285 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.25 to -0.18
Transco Zone 6 non-NY North -- -0.25 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River 2.10 to 2.10 --
Kingsgate -- --
Northwest S. of Green River 2.03 to 2.06 --
Northwest Sumas 1.41 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.05 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.11 to 2.15 --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.04 to 3.12 --
SoCal Citygate 3.41 to 3.75 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.47 --
SoCal Border Avg. 2.27 to 2.47 --
Canada
Empress 2.57 to 2.57 --
NOVA/AECO C 0.78 to 0.94 --
Westcoast Station 2 -- --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.