Story of the Day

Magnolia’s Sweet Smell of Success in Eagle Ford Leads to Higher Production Guidance
Shale Daily
Eagle Ford Shale pure-play Magnolia Oil & Gas Corp. has boosted its 2018 production guidance... Read More
Karnes-county-eagle-ford-drilling-rig-count-20180814

View Archived Issues

NGI's Shale Daily

August 15, 2018

Diamondback-Energy-Pro-Forma-Acreage-Including-Energen-20180814

Diamondback’s Tie-Up with Energen to Build Permian Blockbuster

Diamondback Energy Inc. late Tuesday moved into large-cap territory and set itself up as one of the biggest operators in the Permian Basin in an all-stock deal to take over Energen Corp. for an estimated $9.2 billion.

Targa Seeks to Speed Up Midstream Projects as Demand Outpaces Infrastructure in Key Markets

Targa Resources Corp. is aiming to accelerate natural gas gathering and processing projects that are already underway and continues to work on permitting additional fractionation as capacity at the Mont Belvieu facility on the Gulf Coast is expected to remain tight through 2019.

Carrizo Adds to Permian Delaware Opportunities in $215M Deal with Devon

Houston-based Carrizo Oil & Gas Inc. has snapped up some of Devon Energy Corp.’s West Texas acreage in the Permian Basin for $215 million, even as it shifts some development south.

MSC Cautions Against Increasing Pennsylvania Unconventional Permit Fees

In a public comment period that concluded on Monday, the Marcellus Shale Coalition called Pennsylvania’s proposal to more than double unconventional oil and gas well permit fees “excessive,” urging state regulators to consider alternative funding options.

Chaparral Ups Guidance in STACK While Gastar Mulls Its Future

Strong well results in Oklahoma's STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, helped lift Chaparral Energy Inc.'s production by 44% year/year in the second quarter and prompted the pure-player to raise its capital spend and production guidance for the year.

DCP Says DJ Still High Priority Despite Colorado’s Regulatory Uncertainty

DCP Midstream LP management reiterated its commitment to seizing the “tremendous opportunity” presented in the Denver-Julesburg Basin of Colorado despite the regulatory uncertainty brought on by a ballot measure seeking to extend setback requirements for future oil and gas wells.
Karnes-County-Eagle-Ford-Drilling-Rig-Count-20180814

Magnolia’s Sweet Smell of Success in Eagle Ford Leads to Higher Production Guidance

Eagle Ford Shale pure-play Magnolia Oil & Gas Corp. has boosted its 2018 production guidance...
EIA-NatGas-Production-20180813.png

Natural Gas, Oil Output from U.S. Onshore Plays to Enter Autumn on Continued Upswing

Natural gas and oil production from the United States's seven most prolific onshore unconventional...

Ensign Energy Offers to Buy Out Calgary Drilling Rival Trinidad

Calgary-based Ensign Energy Services Inc., one of the leading land-based drillers in North America, has launched a hostile bid to take over its cross-town rival Trinidad Drilling Ltd. for C$947 million (US$720 million), including debt.

Chesapeake Agrees to $7.75M Settlement With Pennsylvania Landowners

Chesapeake Energy Corp. has again reached a settlement with thousands of landowners in Pennsylvania, agreeing to provide $7.75 million to resolve claims that it wrongly deducted post-production expenses from royalty checks.
Monthly-Total-Permian-Crude-Oil-Production-vs-Monthly-WTI-Spot-Price-20180813.png

Cimarex, Parsley Expecting Price Advantages by Delaying Some Permian Output

Cimarex Energy Co. said it plans to increase crude oil production up to 25% year/year while Permian pure-player Parsley Energy Inc. has increased its spending plans and year-end production guidance to reflect shorter cycle times not seen since a wave of asset integrations.
HCLP-Quarterly-Volumes-Sold-20180810

Frack Sand Operators Hiking Capacity, In-Basin Offerings

With horizontal wells longer than ever and completions requiring more stages, U.S. fracture sand operators secured more long-term contracts...

Gulfport Again Lifts Production Guidance on Utica, SCOOP Performance

Strong performance during the first six months of the year has prompted Gulfport Energy Corp. to again increase its 2018 production guidance.
sdbaker0810

U.S. Oil & Gas Rigs Jump By 13; Analysts Bullish on International Growth

Oil and natural gas supply and price signals are still telling exploration and production companies to drill, according to the latest U.S. rig count from Baker Hughes, a GE company.

PDC Optimistic Colorado Voters Would Reject Initiative 97

Denver-based PDC Energy Inc.'s senior executive team said Thursday the company is keeping equal rig counts, fracturing crews and interest in the Denver-Julesburg and Permian basins, but said there is a political threat in Colorado from a ballot measure seeking to extend setback requirements for future oil and gas wells.

3D"Sign

NGI's Bidweek Alert Day 5 - July 31st for August 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 -- -0.16 to -0.16
Texas Eastern S. TX -- -0.01 to 0.015
Transco Zone 1 -- -0.06 to -0.055
East Texas
Carthage -- -0.135 to -0.135
Houston Ship Channel 2.84 to 2.85 0.06 to 0.06
Katy -- --
NGPL TexOk 2.62 to 2.69 -0.155 to -0.1475
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.80 to 2.18 --
Transwestern 1.85 to 1.94 --
Waha 1.80 to 1.89 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.70 to 2.73 --
Chicago - Nicor Gas 2.71 to 2.73 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.70 to 2.71 --
Consumers Energy -- 0.02 to 0.045
Dawn 2.81 to 2.88 0.015 to 0.0575
Emerson -- -0.20 to -0.185
Joliet -- --
Lebanon -- -0.135 to -0.13
Michigan Consolidated 2.79 to 2.80 0.0075 to 0.03
NGPL Amarillo Mainline -- --
Parkway/Union -- 0.05 to 0.05
REX into ANR - Shelby -- -0.135 to -0.12
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.31 to 2.39 -0.50 to -0.42
Enable East -- -0.25 to -0.22
Enable West -- --
NGPL Midcontinent 2.27 to 2.33 -0.50 to -0.45
Northern Border Ventura -- --
Northern Natural Demarc 2.59 to 2.64 --
Northern Natural Ventura 2.63 to 2.65 --
OGT -- -1.20 to -1.10
Panhandle Eastern 2.19 to 2.34 -0.45 to -0.44
Southern Star -- -0.50 to -0.50
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.145 to -0.135
Trunkline Zone 1A -- -0.155 to -0.1425
South Louisiana
ANR SE -- -0.125 to -0.11
Columbia Gulf Mainline -- -0.1475 to -0.135
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.065 to -0.0625
Tennessee Line 500 -- -0.0725 to -0.0675
Tennessee Line 800 -- -0.0875 to -0.0875
Texas Eastern E. LA -- -0.10 to -0.0775
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.045 to -0.0375
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0325 to -0.01
Transco Zone 5 -- 0.08 to 0.10
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.08 to 0.10
Appalachia
Columbia Gas -- -0.2075 to -0.1925
Dominion North -- -0.43 to -0.42
Dominion South -- -0.45 to -0.405
Leidy Hub -- --
Millennium East Pool -- -0.69 to -0.57
Tenn Zone 4 200L -- -0.245 to -0.22
Tennessee Zn 4 313 Pool -- -0.295 to -0.29
Tennessee Zn 4 Marcellus -- -0.73 to -0.60
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.45 to -0.405
Texas Eastern M-3, Delivery -- -0.34 to -0.32
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.66 to -0.545
Northeast
Algonquin Citygate -- 0.00 to 0.10
Algonquin Citygate (non-G) -- 0.00 to 0.10
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.06 to 0.12
Iroquois, Waddington -- 0.07 to 0.085
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.05 to -0.01
Transco Zone 6 non-NY North -- -0.05 to -0.01
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.05 to -0.02
Rocky Mountains
Cheyenne Hub 2.35 to 2.35 --
CIG 2.26 to 2.26 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.31 to 2.36 --
Kern River 2.42 to 2.44 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 2.25 to 2.28 --
Northwest Wyoming Pool -- --
Opal 2.40 to 2.46 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.40 to 2.40 --
White River Hub 2.35 to 2.35 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 6.00 to 6.25 --
California
Malin 2.49 to 2.52 --
PG&E Citygate 3.06 to 3.10 --
SoCal Citygate 8.35 to 10.50 --
Southern Border, PG&E 2.50 to 2.70 --
Southern Border, SoCal 2.65 to 5.50 --
SoCal Border Avg. 2.65 to 5.50 --
Canada
Empress -- --
NOVA/AECO C 1.28 to 1.37 --
Westcoast Station 2 1.32 to 1.36 --
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.