Story of the Day

Tesoro, EP Energy Ink JV to Expand Uinta Drilling in Utah
Shale Daily
Units of Tesoro Corp. and EP Energy Corp. on Thursday formed a drilling joint venture to fund oil and natural gas development in... Read More
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NGI's Shale Daily

May 26, 2017

Lawsuit Challenging Constitutionality of Mariner East 2 Headed to Trial

The Philadelphia County Court of Common Pleas has denied Sunoco Pipeline LP's request to summarily dismiss a lawsuit filed last year by the Clean Air Council (CAC) and two landowners that challenges the constitutionality of the Mariner East 2 pipeline, clearing the way forward for one of the last remaining legal efforts to stop the project.

Targa Planning $1.3B Grand Prix NGL Pipeline in Texas, Prices Public Stock Offering

Targa Resources Corp. said it plans to build a $1.3 billion natural gas liquids (NGL) pipeline to connect the Permian Basin and the company's North Texas gathering system to its fractionation and storage complex at the NGL market hub at Mont Belvieu, TX.

Eagle Ford Shale’s Dry Gas Growing Nearer, Dearer to Mexico

Production from the dry gas Eagle Ford Shale, particularly in Webb County, TX, has skyrocketed, and so has Mexico's gas demand. That would sound like an opportunity to anyone.

Rover’s Phase 1 to See Partial Delay, Energy Transfer Says

While part of Energy Transfer Partners LP's Rover Pipeline Phase 1 remains on track for an early July start-up, the rest of Phase 1 is likely to get pushed back, a company spokeswoman said Thursday.

SDBaker0526

North American Rig Count Breaks 1,000

The U.S. and Canadian rig counts are well above year-ago levels, and more rigs returned to play during the week ending Friday, according to Baker Hughes Inc.

Anadarko Oil Tanker Fire in Weld County, CO, Kills One, Injures Three

One person was killed and three people were injured Thursday at an Anadarko Petroleum Corp. oil tanker site in Weld County, CO.

Trans-Mountain-Expansion-Project-20170526

Kinder Cuts Canadian Unit IPO on Trans Mountain Political Concerns

Kinder Morgan Inc. cut the price for its initial public offering of shares in its Canadian subsidiary after admitting the reason for the sale -- expansion of oilsands export route Trans Mountain Pipeline -- still faces serious political risks.
Annual-Oil-and-Gas-Wells-Spud-in-Utah-20170526

Tesoro, EP Energy Ink JV to Expand Uinta Drilling in Utah

Units of Tesoro Corp. and EP Energy Corp. on Thursday formed a drilling joint venture to fund oil and natural gas development in...

People -- Callon CFO Gatto Named CEO

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Eclipse Resources CEO Talks Super Laterals, Recovery

As it weathered the commodities downturn and grappled with the problems it created, Ohio pure-play Eclipse Resources Corp. again went back to the drawing board to determine how...

Senate Committee Welcomes Trump's FERC, DOE Nominees

There was little controversy and plenty of goodwill for a trio of Trump administration nominees to FERC and the Department of Energy (DOE) Thursday when they appeared at a hearing of the Senate Committee on Energy and Natural Resources.

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Rover’s Request Denied By FERC, HDDs Still On Pause

FERC has denied Rover Pipeline LLC permission to finish horizontal directional drilling (HDD) at two sites critical to laterals in Ohio and West Virginia -- at least for now.

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OPEC to Extend Production Pullback as U.S. Shale Output Soars

The global oil glut, created in part by surging U.S. unconventional production, has again forced the hand of the Organization of the Petroleum Exporting Countries (OPEC), which on Thursday agreed to extend supply reductions for another nine months beginning July 1.
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Fred Callon Dies Unexpectedly

Fred Callon, chairman and CEO of Callon Petroleum Co., who helped propel the namesake independent into a leading Permian Basin operator, died on Wednesday.

BLM Offering 398,000 Acres for Lease in Eight States

The U.S. Bureau of Land Management (BLM) in June plans to offer more than 398,000 acres is eight separate state oil and natural gas lease sales, according to its online leasing service.

3D"Sign

NGI's Bidweek Alert Day 3 - May 26 for June 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 -- -0.17 to -0.16
Texas Eastern S. TX -- -0.015 to -0.015
Transco Zone 1 -- -0.075 to -0.0725
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.31 to 3.34 --
Katy -- 0.095 to 0.095
NGPL TexOk 3.09 to 3.09 -0.1525 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.74 to 2.83 --
Transwestern 2.78 to 2.78 --
Waha 2.79 to 2.83 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.07 to 3.11 --
Chicago - Nicor Gas 3.07 to 3.11 --
Chicago - NIPSCO 3.07 to 3.10 --
Chicago - North Shore -- --
Chicago - Peoples 3.07 to 3.08 --
Consumers Energy -- -0.045 to -0.0225
Dawn -- -0.02 to 0.01
Emerson -- -0.385 to -0.25
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.08 to -0.055
NGPL Amarillo Mainline 2.94 to 2.94 --
Parkway/Union -- -0.01 to 0.0025
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.18 to -0.15
REX into NGPL - Moultrie -- -0.15 to -0.15
REX into PEPL - Putnam -- -0.18 to -0.18
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.84 to 2.86 -0.35 to -0.35
Enable East 2.96 to 2.96 --
Enable West -- --
NGPL Midcontinent 2.90 to 2.94 -0.285 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.93 to 3.00 --
Northern Natural Ventura 2.92 to 3.00 --
OGT 2.81 to 2.81 -0.405 to -0.38
Panhandle Eastern 2.79 to 2.82 -0.40 to -0.37
Southern Star 2.82 to 2.82 -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- -0.10 to -0.10
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.115
Trunkline Zone 1A -- -0.1275 to -0.115
South Louisiana
ANR SE -- -0.085 to -0.08
Columbia Gulf Mainline -- -0.1225 to -0.1225
Columbia Gulf onshore -- -0.08 to -0.08
Florida Gas Zone 2 -- --
Henry Hub -- 0.00 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.09
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.08
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.03 to -0.025
Texas Eastern M-1, 30 -- -0.08 to -0.08
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- -0.20 to 0.01
Transco Zone 5 North -- -0.20 to -0.15
Transco Zone 5 South -- 0.01 to 0.01
Appalachia
Columbia Gas -- -0.1875 to -0.1725
Dominion North -- -0.565 to -0.54
Dominion South -- -0.57 to -0.525
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.405 to -0.38
Tennessee Zn 4 313 Pool -- -0.46 to -0.41
Tennessee Zn 4 Marcellus -- -0.68 to -0.55
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.60 to -0.555
Texas Eastern M-3, Delivery -- -0.50 to -0.47
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.615 to -0.59
Northeast
Algonquin Citygate -- -0.17 to -0.105
Algonquin Citygate (non-G) -- -0.17 to -0.105
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.24 to -0.08
Iroquois, Waddington -- -0.12 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.18 to -0.15
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.40 to -0.315
Transco Zone 6 non-NY North -- -0.40 to -0.315
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.37 to -0.32
Rocky Mountains
Cheyenne Hub 2.77 to 2.83 --
CIG 2.80 to 2.85 --
CIG DJ Basin 2.75 to 2.77 --
El Paso Bondad -- --
El Paso non-Bondad 2.75 to 2.76 --
Kern River 2.86 to 2.86 --
Kingsgate 2.57 to 2.62 --
Northwest S. of Green River 2.82 to 2.82 --
Northwest Sumas 2.68 to 2.70 --
Northwest Wyoming Pool -- --
Opal 2.82 to 2.88 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.81 to 2.85 --
White River Hub 2.80 to 2.80 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.88 to 2.93 --
PG&E Citygate 3.39 to 3.46 --
SoCal Citygate 3.26 to 3.32 --
Southern Border, PG&E 2.95 to 2.96 --
Southern Border, SoCal 2.92 to 3.04 --
SoCal Border Avg. 2.92 to 3.04 --
Canada
Empress 2.88 to 3.01 --
NOVA/AECO C 2.80 to 2.88 --
Westcoast Station 2 -- --