Story of the Day

Texas Oil, Gas Employment Picking Up Again, Says Dallas Fed
Shale Daily
Texas energy employment expanded in September by 4,100 to roughly 222,000, with oil and gas extraction jobs increasing... Read More
Drilled-but-uncompleted-wells-20171117

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NGI's Shale Daily

November 17, 2017

Bakken Learning Curve Said Driving Well Productivity Gains

Drilling productivity in the Bakken Shale, which is producing more than 1 million b/d of light sweet crude oil, is a byproduct of geology and the fact that North Dakota operators are further along the learning curve than in other U.S. onshore plays, according to the state’s top oil and gas regulator.

Chesapeake Exec Says 'Big Data Analytics' Key to Oil/NatGas Growth Trajectory

Chesapeake Energy Corp. is focused on getting leaner next year with two “front and center” goals of spending within cash flow and keeping optionality in its expansive onshore portfolio by approaching core development through the lens of “big data analytics.”

Three Injured In Fire at Colorado Well Site

Three people, including a DCP Midstream LP employee, were injured Thursday after a fire broke out during routine maintenance on a natural gas gathering line in Colorado’s northeastern Weld County.
SDBaker1117

Rigs Continue Rebound on Permian, Haynesville Gains

The U.S. rig count continued to bounce back for the week ended Friday, adding eight to its tally on the strength of gains in Texas and Louisiana, according to data by Baker Hughes Inc.
Drilled-But-Uncompleted-Wells-20171117

Texas Oil, Gas Employment Picking Up Again, Says Dallas Fed

Texas energy employment expanded in September by 4,100 to roughly 222,000, with oil and gas extraction jobs increasing...
Keystone-Pipeline-System-20171117

TransCanada Shuts Keystone Pipe in South Dakota Following Leak

TransCanada Corp.’s Keystone pipeline system sprang a leak Thursday, only days before a scheduled regulatory ruling on the hotly contested XL proposal for a jumbo addition.
Annual-Helmerich-and-Payne-HP-Capital-Expenditures-20171116

Helmerich & Payne’s U.S. Land Activity Hits Zenith During Fiscal 2017, Says CEO

U.S. land operations for contract driller Helmerich & Payne Inc. are hitting on all cylinders, with the onshore market share up 5% from a year ago, the Tulsa operator said Thursday.

Anadarko Gearing 85% of 2018 Capex to U.S. Onshore, Deepwater GOM

Anadarko Petroleum Corp. is taking another big bet on the U.S. onshore and deepwater during 2018, earmarking 85% of its planned $4.2-4.6 billion capital investments to domestic programs.
Monthly-Bakken-NatGas-Production-and-Percent-Flared-20171116.png

North Dakota NatGas Flaring Rises, Production Declines in September

North Dakota’s Bakken Shale soon will need more infrastructure to expand natural gas capture processes...

Rex Energy Ramping Production to Hit Year-End Exit Rate

Operating efficiencies that allowed earlier than expected turn-in-lines during the third quarter helped Rex Energy Corp. beat guidance for the period and have the company on track to meet its year-end exit rate production growth target of 15-20%. 

SandRidge, Bonanza Creek Tie-Up Builds Rockies, Midcon Inventory

U.S. unconventional producers SandRidge Energy Inc. and Bonanza Creek Energy Inc. have agreed to merge, building their Rocky Mountain and Midcontinent fortunes in a cash-and-stock transaction valued at close to $750 million.
Monthly-Anadarko-Basin-Oil-Production-and-Drilling-Rig-Count-20171115

Chaparral Energy Continues Moves Toward Pure-Play STACK Operations

While still leaking some red ink, Oklahoma City-based Chaparral Energy Inc.'s management reaffirmed Tuesday that the company intends to...

Permian, San Juan E&Ps Wasting NatGas through Flaring, Says EDF

Oil and natural gas industry representatives in Texas and New Mexico are pushing back against separate reports by the Environmental Defense Fund (EDF) that the energy industry is wasting gas through venting and flaring unnecessarily, harming the environment and consumers.
Blaine-County-Oklahoma-Active-Unconventional-Oil-and-Gas-Wells-by-Operator-20171115

Devon Puts Faith in Record STACK Well in Lower Meramec

Devon Energy Corp. is claiming the highest output of any well to date within one of Oklahoma’s stacked reservoirs, a Lower Meramec well that achieved a peak 24-hour rate of 5,100 boe/d.

Linn Goes Debt-Free, Plans Additional Divestitures Before Year's End

Linn Energy Inc. said it has eliminated all of its outstanding debt after selling more than $1.5 billion in assets so far this year, and plans to conduct additional divestitures in the Permian Basin, Utah and Oklahoma before the end of the year.

3D"Sign

NGI's Bidweek Alert Day 5 - October 31 for November 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 -- --
Tennessee Zone 0 South -- -0.145 to -0.135
Texas Eastern S. TX -- -0.07 to -0.07
Transco Zone 1 -- -0.09 to -0.085
East Texas
Carthage -- -0.14 to -0.14
Houston Ship Channel 2.78 to 2.78 --
Katy -- --
NGPL TexOk 2.64 to 2.64 -0.16 to -0.15
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.38 to 2.43 --
Transwestern 2.38 to 2.41 --
Waha 2.42 to 2.53 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.75 to 2.92 -0.045 to -0.045
Chicago - Nicor Gas 2.75 to 2.92 --
Chicago - NIPSCO 2.80 to 2.91 -0.045 to -0.045
Chicago - North Shore -- --
Chicago - Peoples 2.89 to 2.90 --
Consumers Energy -- -0.075 to -0.055
Dawn 2.73 to 2.93 -0.07 to 0.0025
Emerson -- -0.265 to -0.22
Joliet -- --
Lebanon -- -0.205 to -0.19
Michigan Consolidated 2.76 to 2.80 -0.125 to -0.09
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.205 to -0.19
REX into MGT - Edgar -- -0.185 to -0.185
REX into NGPL - Moultrie -- -0.19 to -0.185
REX into PEPL - Putnam -- -0.20 to -0.20
REX into Trunk - Douglas -- -0.19 to -0.19
Midcontinent
ANR SW 2.48 to 2.55 -0.37 to -0.37
Enable East 2.60 to 2.60 -0.28 to -0.24
Enable West -- --
NGPL Midcontinent 2.50 to 2.66 -0.295 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.75 to 2.75 -0.15 to -0.15
Northern Natural Ventura 2.63 to 2.79 --
OGT 2.34 to 2.45 -0.53 to -0.50
Panhandle Eastern 2.44 to 2.56 -0.42 to -0.3775
Southern Star 2.44 to 2.52 -0.43 to -0.39
North Louisiana/Arkansas
Perryville -- -0.115 to -0.1125
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1575 to -0.145
Trunkline Zone 1A -- -0.1525 to -0.1475
South Louisiana
ANR SE -- -0.1375 to -0.1225
Columbia Gulf Mainline -- -0.16 to -0.15
Columbia Gulf onshore -- -0.1125 to -0.1125
Florida Gas Zone 2 -- --
Henry Hub -- -0.01 to -0.01
Southern Natural -- -0.0975 to -0.085
Tennessee Line 500 -- -0.095 to -0.0875
Tennessee Line 800 -- -0.105 to -0.10
Texas Eastern E. LA -- -0.12 to -0.1025
Texas Eastern W. LA -- --
Texas Gas Zone SL -- -0.13 to -0.13
Transco Zone 3 -- -0.06 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.04 to -0.035
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.06 to -0.05
Transco Zone 5 -- 0.02 to 0.08
Transco Zone 5 North -- 0.02 to 0.02
Transco Zone 5 South -- 0.045 to 0.08
Appalachia
Columbia Gas -- -0.34 to -0.24
Dominion North -- -1.27 to -1.26
Dominion South -- -1.265 to -1.10
Leidy Hub -- --
Millennium East Pool -- -1.3875 to -1.32
Tenn Zone 4 200L -- -0.80 to -0.68
Tennessee Zn 4 313 Pool -- -1.00 to -0.98
Tennessee Zn 4 Marcellus -- -1.49 to -1.34
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.29 to -1.20
Texas Eastern M-3, Delivery -- -1.015 to -0.96
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.47 to -1.27
Northeast
Algonquin Citygate -- -0.1525 to 0.05
Algonquin Citygate (non-G) -- -0.1525 to 0.02
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.035 to 0.09
Iroquois, Waddington -- -0.06 to 0.045
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.11 to 0.02
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.21 to -0.13
Transco Zone 6 non-NY North -- -0.21 to -0.13
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.18 to -0.105
Rocky Mountains
Cheyenne Hub 2.49 to 2.60 --
CIG 2.53 to 2.54 --
CIG DJ Basin 2.52 to 2.54 --
El Paso Bondad -- --
El Paso non-Bondad 2.43 to 2.44 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.58 to 2.60 --
Northwest Sumas 2.57 to 2.73 --
Northwest Wyoming Pool -- --
Opal 2.63 to 2.68 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.82 to 2.85 --
California
Malin 2.60 to 2.72 --
PG&E Citygate 3.07 to 3.23 --
SoCal Citygate 3.40 to 3.69 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.75 to 2.94 --
SoCal Border Avg. 2.75 to 2.94 --
Canada
Empress 2.56 to 2.79 --
NOVA/AECO C 1.95 to 2.32 --
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.