Story of the Day

Eclipse Resources CEO Talks Super Laterals, Recovery
Shale Daily
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... Read More
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NGI's Shale Daily

May 25, 2017

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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.

Twin Eagle Expanding Permian Rail Sand Business as West Texas Growth Continues

Rising proppant demand in the Permian Basin has led Twin Eagle Sand Logistics LLC to launch yet another expansion of its West Texas rail facility near Big Spring.

Opposition to Trump's Proposed Budget Grows; OCS Revenue Cuts to Coastal States Spark Howls of Pain from Louisiana

One day after President Trump sent a $4.1 trillion budget proposal to Congress, opposition to all or parts of the budget plan was beginning to form among elected officials both in Washington and in several energy producing states.

Linn Taking $263M for San Joaquin Oil, Gas Assets

Linn Energy Inc. has agreed to sell a portion of its assets in California's San Joaquin Basin to an undisclosed buyer for $263 million as it continues to reduce its debt.

State Supreme Court Rules Against Texas Town Over Barnett Midstream Emissions

The Supreme Court of Texas has reversed a court of appeals' judgment, finding that the town of DISH, TX, and its residents waited too long to file their lawsuit against several midstream energy companies, and reinstated a trial court's previous take-nothing judgment.
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Permian Partners Crestwood, First Reserve Eye More Delaware Natural Gas Capacity

More natural gas processing capacity and pipeline takeaway are underway in the Permian Basin under...
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Abraxas Paying $22.2M for Gassy Permian Bolt-on, Boosting Delaware Position

Abraxas Petroleum Corp. has signed an agreement to purchase more than 2,000 net acres in West Texas with existing production for $22.2 million, bolting on to its adjacent acreage in the Delaware sub-basin and increasing its position in the play by more than one-third.

Democratic Senator Again Questions EPA’s Pruitt About Devon Ties

Citing a report that Obama-era environmental enforcement against Devon Energy Corp. could be rolled back, a high-ranking Senate Democrat is once again questioning Environmental Protection Agency (EPA) Administrator Scott Pruitt over his ties to the Oklahoma City-based operator.
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‘Persistent’ Growth Seen in U.S. Onshore Oil, NatGas as Completions Catch Up, Says Rystad

U.S. onshore unconventional growth began to exhibit "material and persistent" monthly output growth in the first quarter after bottoming out in mid-2016, a trend likely to continue through 2017, according to an analysis by Rystad Energy.

3D"Sign

NGI's Bidweek Alert Day 2 - May 25 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 -- -0.1525 to -0.1525
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 2.82 --
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 0.005
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 -0.005
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.18 to -0.18
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 -- --
Enable West -- --
NGPL Midcontinent 2.90 to 2.92 -0.285 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.93 to 3.00 --
Northern Natural Ventura 2.92 to 2.97 --
OGT -- -0.405 to -0.38
Panhandle Eastern 2.79 to 2.81 -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 -- --
Trunkline Zone 1A -- -0.1275 to -0.12
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1225 to -0.1225
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.09
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.06
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.03 to -0.025
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- -0.16 to -0.16
Transco Zone 5 North -- -0.16 to -0.16
Transco Zone 5 South -- --
Appalachia
Columbia Gas -- -0.1825 to -0.1725
Dominion North -- -0.565 to -0.56
Dominion South -- -0.5525 to -0.525
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.39 to -0.38
Tennessee Zn 4 313 Pool -- -0.46 to -0.43
Tennessee Zn 4 Marcellus -- -0.67 to -0.67
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.57 to -0.555
Texas Eastern M-3, Delivery -- -0.49 to -0.48
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.61 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 -- -0.09 to -0.08
Iroquois, Waddington -- -0.10 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.33 to -0.315
Transco Zone 6 non-NY North -- -0.33 to -0.315
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.34 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 2.59 --
Northwest S. of Green River -- --
Northwest Sumas 2.68 to 2.70 --
Northwest Wyoming Pool -- --
Opal 2.82 to 2.86 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.81 to 2.82 --
White River Hub 2.80 to 2.80 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.88 to 2.92 --
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 -- --