Story of the Day

Permian E&Ps Prospering on Technology, But Geological Constraints May Pose Roadblock
Shale Daily
The Permian Basin long may reign as North America’s premier oil and natural gas basin, but as a poet said... Read More
Permian-crude-oil-production-20170922-v2

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NGI's Shale Daily

September 22, 2017

Lawmaker Seeks Halt to Delaware River Basin Plan to Curb NatGas Development

A Republican state lawmaker from Northeast Pennsylvania plans to soon introduce a resolution urging the Delaware River Basin Commission (DRBC) not to move forward with plans to ban high-volume hydraulic fracturing (fracking) in the 13,539-square mile watershed.

Quebec Proposes Modifying Oil, NatGas Regulations

The provincial government of Quebec has published a draft version of proposed regulations governing oil and natural gas activities in the province.
SDBaker0922

Permian Adds Six Rigs, But U.S. Count Falls on Oil Declines

Gains in the Permian Basin weren't enough to offset the ongoing pullback in the U.S. rig count for the week ended Friday, and the United States finished down one to 935, according to data compiled by Baker Hughes Inc.
Permian-Crude-Oil-Production-20170922-v2

Permian E&Ps Prospering on Technology, But Geological Constraints May Pose Roadblock

The Permian Basin long may reign as North America’s premier oil and natural gas basin, but as a poet said...

Appellate Court Tosses Litigation Over BLM Fracking Rule

A divided appellate court panel on Thursday dismissed litigation against an Obama-era rule governing hydraulic fracturing on public and tribal lands, on the grounds that the Trump administration intends to rescind the rule.

Phillips 66 Partners Spending $2.4B for Stakes in Bakken Shale Pipeline, Refinery System

Phillips 66 Partners LP is taking over a 25% stake in a Bakken Shale pipeline system and buying out a 100% interest in a refinery system owned by parent Phillips 66 in a deal valued at $2.4 billion.

GOP Tax Reform Plans Could Pull Oil, NatGas Investment Dollars From Canada

Canadian oil and gas production firms will lose tax advantages that give them an edge at attracting investment over rivals in the United States under reform plans evolving in Washington, DC, predicted an academic accounting scorecard.

Antero Nets $1B-Plus in Stock Offering, NatGas Hedge Restructuring

Antero Resources Corp. said Thursday that it earned more than $1 billion through a stock offering and changes to its natural gas hedge portfolio, securing some of the cash it needs to support year/year production growth of 20-22% through 2020. 

Oryx to Build 220-Mile Crude Oil System in Permian Delaware

After closing on a long-term oil transportation agreement, Oryx Midstream Services II LLC plans to begin building a 220-mile crude oil transportation pipeline system to serve the Permian Basin’s Delaware sub-basin, with initial capacity of up to 400,000 b/d.

Ultra Petroleum's Largest Shareholder Exploring 'Strategic Alternatives'

Months after it restructured and emerged from Chapter 11 bankruptcy proceedings, Ultra Petroleum Corp.’s largest shareholder has hired an investment bank to explore “value-maximizing strategic alternatives” for the company. 

FERC Has Quorum Once Again, But Not Much NatGas on Meeting Agenda

Two empty seats remained on the podium Wednesday for FERC's first monthly public meeting since January, but the recently reconstituted quorum was in attendance, approving three natural gas items and a series of items unrelated to gas. The panel in place promised continued action even as it awaits confirmation of two more members.
Annual-Anadarko-Petroleum-Average-Basic-Shares-Outstanding-20170921

Anadarko Reiterates 2017 Production Guidance, Launches $2.5B Share Buyback

Anadarko Petroleum Corp. has launched a $2.5 billion share buyback and reaffirmed 2017 production guidance...
Rover0920

Ohio EPA Calls in AG on Rover Stormwater Permit, Now Seeks $2.3M in Penalties

The Ohio Environmental Protection Agency still wants Rover Pipeline LLC to submit a stormwater permit application and pay $2.3 million in fines, and the regulator has asked the state attorney general to assist in enforcement, Director Craig Butler said Wednesday.
Weekly-Permian-and-Williston-Basin-Drilling-Rig-Count-20170920

Halcon Selling Remaining Williston Assets to Become Permian Delaware Pure-Play

Halcon Resources Corp. agreed to sell its remaining nonoperated assets in the Williston Basin to an undisclosed buyer for $104 million, completing the company's nine-month transformation into a Permian Basin pure-play operator.

Township Clears MarkWest NatGas Processing Plant, But Pennsylvania OK Still Needed

Smith Township supervisors in Pennsylvania have signed-off on MPLX LP subsidiary MarkWest Energy Partners LP’s plans to build a 200 MMcf/d natural gas processing facility, but the company is still waiting on an air permit from state regulators to begin construction.

3D"Sign

NGI's Bidweek Alert Day 5 - August 31 for September 2017
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 -- -0.08 to -0.08
Tennessee Zone 0 South -- -0.16 to -0.16
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- -0.115 to -0.115
Houston Ship Channel -- -0.04 to -0.04
Katy -- -0.035 to -0.03
NGPL TexOk 2.75 to 2.75 -0.16 to -0.12
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.53 to 2.59 --
Transwestern 2.54 to 2.57 --
Waha 2.55 to 2.56 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.76 to 2.81 --
Chicago - Nicor Gas 2.76 to 2.78 --
Chicago - NIPSCO 2.80 to 2.81 --
Chicago - North Shore -- --
Chicago - Peoples 2.80 to 2.80 --
Consumers Energy -- -0.065 to -0.04
Dawn 2.86 to 2.92 -0.06 to -0.0225
Emerson 2.48 to 2.52 -0.44 to -0.36
Joliet -- --
Lebanon -- -0.16 to -0.16
Michigan Consolidated 2.82 to 2.84 -0.085 to -0.075
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.15 to -0.15
REX into NGPL - Moultrie -- -0.16 to -0.155
REX into PEPL - Putnam -- -0.15 to -0.15
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.335 to -0.325
Enable East -- -0.265 to -0.25
Enable West -- --
NGPL Midcontinent 2.63 to 2.63 -0.315 to -0.315
Northern Border Ventura -- --
Northern Natural Demarc 2.73 to 2.74 -0.17 to -0.17
Northern Natural Ventura 2.70 to 2.75 --
OGT 2.30 to 2.32 --
Panhandle Eastern -- -0.42 to -0.3825
Southern Star -- -0.43 to -0.42
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.11
Trunkline Zone 1A -- -0.13 to -0.125
South Louisiana
ANR SE -- -0.10 to -0.095
Columbia Gulf Mainline -- -0.12 to -0.10
Columbia Gulf onshore -- -0.085 to -0.07
Florida Gas Zone 2 -- --
Henry Hub -- -0.01 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.07 to -0.07
Tennessee Line 800 -- -0.10 to -0.09
Texas Eastern E. LA -- -0.10 to -0.085
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.055 to -0.045
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.035 to -0.015
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.0425
Transco Zone 5 -- 0.0125 to 0.025
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0125 to 0.025
Appalachia
Columbia Gas -- -0.18 to -0.17
Dominion North -- -1.28 to -1.275
Dominion South 1.62 to 1.64 -1.335 to -1.19
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.98 to -0.87
Tennessee Zn 4 313 Pool -- -1.02 to -0.98
Tennessee Zn 4 Marcellus -- -1.425 to -1.37
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.38 to -1.26
Texas Eastern M-3, Delivery -- -1.28 to -1.07
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.375 to -1.24
Northeast
Algonquin Citygate -- -0.70 to -0.61
Algonquin Citygate (non-G) -- -0.70 to -0.61
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.515 to -0.29
Iroquois, Waddington -- --
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.625 to -0.625
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.55 to -0.35
Transco Zone 6 non-NY North -- -0.55 to -0.35
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.59 to -0.445
Rocky Mountains
Cheyenne Hub 2.56 to 2.57 --
CIG 2.55 to 2.56 --
CIG DJ Basin 2.51 to 2.51 --
El Paso Bondad -- --
El Paso non-Bondad 2.55 to 2.56 --
Kern River 2.61 to 2.64 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 2.52 to 2.58 --
Northwest Wyoming Pool 2.60 to 2.60 --
Opal 2.59 to 2.66 --
Questar -- --
Stanfield 2.62 to 2.62 --
Transwestern San Juan 2.57 to 2.61 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.69 to 2.73 --
PG&E Citygate 3.33 to 3.36 --
SoCal Citygate 3.17 to 3.29 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.81 to 2.98 --
SoCal Border Avg. 2.81 to 2.98 --
Canada
Empress 1.65 to 2.02 --
NOVA/AECO C 1.14 to 1.80 --
Westcoast Station 2 -- --