Story of the Day

Natural Gas Flaring Still North Dakota's Problem Child
Shale Daily
North Dakota's chief oil and gas regulator said Thursday he is concerned about the energy industry's ability to meet... Read More
Monthly-north-dakota-flared-natural-gas-20180216

View Archived Issues

NGI's Shale Daily

February 16, 2018

West Virginia Co-Tenancy Bill Passes House, Moves to Senate

A bill that would better facilitate unconventional horizontal drilling and help natural gas producers develop larger tracts of land was introduced in the West Virginia Senate on Friday after passing the House of Delegates a day before.

Marathon Oil Putting Emphasis on U.S. Onshore

Houston-based Marathon Oil Corp. executives on Thursday underscored their stepped-up onshore focus and said 70% of 2018 production will be from U.S. resource plays.
Shale-Rigs0216

Baker Hughes’ U.S. Rig Count Finishes Flat After Prior Week’s Oil-Driven Surge

The U.S. rig count finished flat for the week ended Friday as continued growth in oil drilling offset a decline in natural gas activity, according to data from Baker Hughes Inc.

Cimarex, Laredo, Diamondback Boost Oil Production in 2017

Onshore-focused explorers Cimarex Energy Co., Laredo Petroleum Inc. and Diamondback Energy Inc. each reported increased oil production in 2017 and in some cases broke company records, and all three plan to operate within cash flows in 2018.
Monthly-North-Dakota-Flared-Natural-Gas-20180216

Natural Gas Flaring Still North Dakota's Problem Child

North Dakota's chief oil and gas regulator said Thursday he is concerned about the energy industry's ability to meet...

Brief -- XTO Well Explosion

Investors Yearning for Simplicity After EQT, Rice Tie-Up Breeds Natural Gas Juggernaut

EQT Corp. produced an astounding 4 Bcfe/d in December, its first full month of integrated operations after completing the acquisition of Rice Energy Inc. in a deal that gave rise to the nation’s largest natural gas producer. 
Encana-Core-Four-Asset-Net-Acreage-Positions-20180215.png

Encana’s Permian, Montney Carry 4Q on Revamped Well Designs, Efficiencies

Encana Corp. launched a five-year strategy last year already in need of an update...

Oxy’s Permian -- Legacy and New -- Drive Output in 4Q

Occidental Petroleum Corp.'s senior executives on Wednesday were whistling a familiar tune regarding production growth and efficiency gains, led by the Permian Basin, with fourth quarter output jumping year/year by a record 20,000 boe/d to 159,000 boe/d.

Big Gains Seen for Antero After January Cold Snap Stoked Natural Gas Demand

Antero Resources Corp. said Wednesday that this year’s completion schedule, a pipeline rupture in Ohio and last month’s extreme cold are likely to combine in holding its first quarter production flat with 4Q2017 volumes of 2.347 Bcfe/d. 

Colorado OKs Sweeping Oil, Natural Gas Flowline, Infrastructure Regulations

Colorado regulators late Tuesday approved what some consider to be the most comprehensive rules addressing oil and gas flowlines and infrastructure in the nation, a response to a fatal explosion last year in a Denver area neighborhood.
Rover0214

Rover’s Lateral to Southwestern Pennsylvania Ready for Start-Up

Rover Pipeline LLC is looking to place its Burgettstown Lateral into service by Feb. 26, the operator told FERC Tuesday.
Quarterly-YY-Percent-Changes-in-Mexico-Real-GDP-vs-Mexico-Oil-and-Gas-Extraction-Component-of-Real-GDP-20180213

Sener Makes Another Run at Unlocking Mexico’s Lucrative Unconventional Oil, Gas Reserves

Mexico aims to auction blocks of unconventional resources "sooner rather than later” to unleash the potential...

Rising U.S. Rig Count Said Better Indicator for 2018 than Dip in Permitting

U.S. permits to drill onshore for oil and natural gas dipped in January from December but still climbed by more than half from a year ago, Evercore ISI said Tuesday.

Rex Energy Considering Bankruptcy as Talks with Lenders Continue

Appalachian pure-play Rex Energy Corp. disclosed in a regulatory filing this month that it is exploring financial alternatives to strengthen its balance sheet, including the possibility of filing for bankruptcy to restructure. 

3D"Sign

NGI's Bidweek Alert Day 5 - January 31 for February 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 -- 0.08 to 0.08
Tennessee Zone 0 South -- -0.17 to -0.05
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- 0.00 to 0.00
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.65 to 3.69 0.13 to 0.14
Katy -- --
NGPL TexOk 3.18 to 3.23 -0.30 to -0.29
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.08 to -0.08
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.52 to 2.77 -0.92 to -0.85
Transwestern 2.64 to 2.71 --
Waha 2.80 to 2.91 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.90 to 4.42 0.45 to 0.89
Chicago - Nicor Gas 3.90 to 4.20 0.48 to 0.69
Chicago - NIPSCO 4.19 to 4.42 0.89 to 0.89
Chicago - North Shore -- --
Chicago - Peoples 4.08 to 4.25 0.45 to 0.75
Consumers Energy -- 0.30 to 0.45
Dawn 4.04 to 4.15 0.38 to 0.77
Emerson -- 0.45 to 0.75
Joliet -- --
Lebanon -- -0.26 to -0.22
Michigan Consolidated 3.28 to 3.36 -0.25 to -0.145
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.235 to -0.18
REX into MGT - Edgar -- -0.15 to -0.14
REX into NGPL - Moultrie -- -0.215 to -0.17
REX into PEPL - Putnam -- -0.24 to -0.20
REX into Trunk - Douglas -- -0.225 to -0.22
Midcontinent
ANR SW 2.70 to 2.95 --
Enable East 3.33 to 3.33 -0.2325 to -0.2325
Enable West -- --
NGPL Midcontinent 2.85 to 3.03 -0.68 to -0.54
Northern Border Ventura -- --
Northern Natural Demarc 3.20 to 3.38 --
Northern Natural Ventura 4.60 to 5.15 --
OGT 2.34 to 2.67 -1.12 to -0.90
Panhandle Eastern 2.68 to 2.83 -0.85 to -0.65
Southern Star 2.82 to 2.85 -0.75 to -0.66
North Louisiana/Arkansas
Perryville -- -0.0875 to -0.0875
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.095
Trunkline Zone 1A -- -0.11 to -0.08
South Louisiana
ANR SE -- -0.1225 to -0.07
Columbia Gulf Mainline -- -0.20 to -0.135
Columbia Gulf onshore -- -0.12 to -0.11
Florida Gas Zone 2 -- --
Henry Hub -- -0.0125 to 0.015
Southern Natural -- -0.055 to -0.025
Tennessee Line 500 -- -0.05 to -0.03
Tennessee Line 800 -- -0.11 to -0.0825
Texas Eastern E. LA -- -0.125 to -0.07
Texas Eastern W. LA -- -0.05 to -0.05
Texas Gas Zone SL -- -0.06 to -0.05
Transco Zone 3 -- 0.04 to 0.08
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.10 to 0.13
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- 0.07 to 0.10
Transco Zone 5 -- 6.00 to 7.25
Transco Zone 5 North -- --
Transco Zone 5 South -- 6.00 to 7.25
Appalachia
Columbia Gas -- -0.495 to -0.25
Dominion North -- -0.80 to -0.73
Dominion South -- -0.78 to -0.675
Leidy Hub -- --
Millennium East Pool -- -0.84 to -0.77
Tenn Zone 4 200L -- -0.23 to -0.10
Tennessee Zn 4 313 Pool -- -0.80 to -0.80
Tennessee Zn 4 Marcellus -- -0.955 to -0.91
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.66 to -0.535
Texas Eastern M-3, Delivery -- 4.45 to 4.85
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.905 to -0.735
Northeast
Algonquin Citygate -- 9.60 to 9.80
Algonquin Citygate (non-G) -- 9.60 to 9.80
Algonquin Receipts -- --
Iroquois Zone 2 -- 7.00 to 8.25
Iroquois, Waddington -- 2.73 to 3.40
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 5.40 to 7.00
Transco Zone 6 non-NY North -- 5.40 to 7.00
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 7.50 to 8.75
Rocky Mountains
Cheyenne Hub 2.69 to 2.71 --
CIG 2.64 to 2.83 --
CIG DJ Basin 2.68 to 2.68 --
El Paso Bondad -- --
El Paso non-Bondad 2.60 to 2.83 --
Kern River 2.67 to 2.88 --
Kingsgate -- --
Northwest S. of Green River 2.52 to 2.83 --
Northwest Sumas 2.12 to 2.70 --
Northwest Wyoming Pool 2.81 to 2.86 --
Opal 2.68 to 2.91 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.46 to 2.78 --
PG&E Citygate 2.85 to 3.02 --
SoCal Citygate 3.19 to 3.38 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.79 to 3.11 --
SoCal Border Avg. 2.79 to 3.11 --
Canada
Empress 3.90 to 3.90 --
NOVA/AECO C 1.99 to 2.25 --
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.