Story of the Day

So Long, DUCs; PUCs Are The Future as Drilling Pace in Permian May Not Be Sustainable
Shale Daily
The pace of drilling activity in the Permian Basin cannot be sustained as a lack of takeaway capacity will inevitably lead to a backlog... Read More
Monthly-permian-crude-oil-production-20170221

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NGI's Shale Daily

February 22, 2017

Rover Seeks OK to Clear More Trees, Has Water Quality Permits in Hand

Backers of the Rover Pipeline pressed FERC Friday to issue a notice to proceed (NTP) with tree clearing activities for all areas of the project in Pennsylvania, West Virginia and Michigan.

Pruitt Says He Will Withdraw Clean Power Plan, WOTUS Rule; Meets EPA Employees

In one of his first actions as administrator of the Environmental Protection Agency (EPA), Scott Pruitt told a roomful of agency employees that while he rues the current “toxic” political climate, he wants EPA to follow a definitive regulatory process and the rule of law, thereby avoiding costly legal battles. He added that EPA's counterparts in state government need to see the federal agency as "partners...not adversaries."

Shale Breakeven Overall Estimated Below $55/bbl as E&Ps Do More With Less

U.S. shale producers are pulling out more oil and gas at a much lower cost, setting them on course to accelerate activity later this year and into 2018.

Monthly-Permian-Crude-Oil-Production-20170221

So Long, DUCs; PUCs Are The Future as Drilling Pace in Permian May Not Be Sustainable

The pace of drilling activity in the Permian Basin cannot be sustained as a lack of takeaway capacity will inevitably lead to a backlog...
NGI-Weekly-STACK-Drilling-Rig-Count-20170221

Gastar Lands Deal to Refinance Balance Sheet, Double Down in Midcontinent

Gastar Exploration Inc. has a new financial partner in Ares Management LP, announcing last week that the investment firm has agreed to provide $425 million to help refinance its balance sheet and provide the liquidity the company needs to continue de-risking its Midcontinent assets.
Weekly-Oklahoma-Oil-and-Gas-Drilling-Rigs-20170221

Higher Prices, More Rigs Lift Oklahoma Energy Index

Higher prices for oil and natural gas, as well as increased drilling activity, drove the Oklahoma Energy Index to its fastest increase in more than five years, according to the providers of the index.

Briefs -- PA Permits | PA Royalty Bill

Pruitt Wins Senate Confirmation to Lead EPA; Perry, Zinke Votes Delayed

The Senate voted 52-46 on Friday to confirm Oklahoma Attorney General Scott Pruitt as the next administrator of the Environmental Protection Agency (EPA), one day after a judge in Pruitt's home state ordered him to turn over thousands of emails to a watchdog group.

Chevron Canada Awards Calgary’s Pembina a Duvernay Infrastructure Franchise

A 20-year Alberta shale gas liquids processing and transportation deal announced Thursday has potential to sire a multibillion-dollar chain of high-volume facilities, Calgary-based Pembina Pipeline Corp. predicted.
Lawrence-County-Pennsylvania-Unconventional-Oil-and-Gas-Wells-20170217

PA Links Hilcorp Fracking to 2016 Earthquakes; New Regulations Likely

The Pennsylvania Department of Environmental Protection has concluded that hydraulic fracturing at a Hilcorp Energy Co. pad triggered...
SDBaker0217

Rigs: Back to The Wash, Haynesville, Too

Data from the latest Baker Hughes Inc. rig count shows drillers going back to the Granite Wash of the Texas Panhandle and western Oklahoma. They're also continuing their return to Louisiana's Haynesville Shale.

Private Equity Steps Up For JV to Expand Matador's Delaware Basin Midstream Assets

Units of Matador Resources Co. and private equity firm Five Point Capital Partners LLC have formed joint venture (JV) San Mateo Midstream LLC to operate and expand Matador's midstream assets in the Permian's Delaware sub-basin in Eddy County, NM, and Loving County, TX.
Bakken-Crude-Production-vs-PADD-2-Canadian-Imports-STACK-20170217-v2

Dakota Access Final Construction Resumes; May 1 In-Service Planned

Since gaining its federal easement Feb. 8, builders of the $3.8 billion Dakota Access Pipeline (DAPL) have been drilling the tunnel to traverse 90 feet below the bottom of a dammed portion of the Missouri River in south-central North Dakota, a spokesperson for the project backers told NGI's Shale Daily.

Dakota Access Under Attack From Terrorist-Like Threats, Exec Tells Congress

While a Sioux tribal leader and some supportive congressional members painted a different picture, the senior executive in charge of the beleaguered Dakota Access Pipeline (DAPL) project on Wednesday told a U.S. House subcommittee that opponents of the $3.8 billion oil pipeline through four states have resorted to terrorist tactics.

Briefs -- Railroad Commission of Texas | MPLX LP

3D"Sign

NGI's Bidweek Alert Day 5 - Jan 31 for February 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.13 to 3.13 --
Florida Gas Zone 1 -- 0.00 to 0.00
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.14 to -0.1325
Texas Eastern S. TX -- -0.1325 to -0.115
Transco Zone 1 -- -0.1375 to -0.105
East Texas
Carthage -- -0.11 to -0.11
Houston Ship Channel 3.29 to 3.30 -0.12 to -0.105
Katy -- --
NGPL TexOk 3.19 to 3.19 -0.1425 to -0.1375
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.145 to -0.145
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 3.03 to 3.19 --
Transwestern 2.98 to 3.10 --
Waha 2.94 to 3.11 --
Midwest
Alliance 3.18 to 3.39 --
ANR ML7 3.17 to 3.23 --
Chicago Citygate 3.32 to 3.51 -0.02 to 0.05
Chicago - Nicor Gas 3.35 to 3.51 -0.02 to 0.05
Chicago - NIPSCO 3.32 to 3.48 --
Chicago - North Shore -- --
Chicago - Peoples 3.33 to 3.37 0.05 to 0.05
Consumers Energy -- -0.03 to 0.03
Dawn 3.35 to 3.70 0.14 to 0.225
Emerson -- -0.255 to -0.16
Joliet 2.98 to 3.39 --
Lebanon -- -0.11 to -0.095
Michigan Consolidated 3.17 to 3.35 -0.03 to 0.0325
Parkway/Union 3.52 to 3.59 --
Midcontinent
ANR SW 3.11 to 3.11 --
Enable East 3.14 to 3.15 -0.17 to -0.17
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.84 to 3.21 -0.23 to -0.225
Northern Border Ventura -- --
Northern Natural Demarc 3.36 to 3.45 0.01 to 0.055
Northern Natural Ventura 3.17 to 3.45 --
OGT 2.88 to 3.19 --
Panhandle Eastern 2.96 to 3.23 -0.19 to -0.175
Southern Star 3.03 to 3.10 --
North Louisiana/Arkansas
Perryville -- -0.085 to -0.08
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 3.35 to 3.35 -0.11 to -0.10
Trunkline Zone 1A -- -0.105 to -0.085
South Louisiana
ANR SE -- -0.09 to -0.025
Columbia Gulf Mainline -- -0.12 to -0.1025
Columbia Gulf onshore -- -0.10 to -0.085
Florida Gas Zone 2 -- -0.065 to 0.00
Henry Hub -- 0.00 to 0.0025
Southern Natural -- -0.075 to -0.0675
Tennessee Line 500 3.38 to 3.38 -0.085 to -0.05
Tennessee Line 800 -- -0.10 to -0.08
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.12 to -0.10
Texas Gas Zone SL 3.12 to 3.12 --
Transco Zone 3 3.25 to 3.25 -0.06 to -0.045
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- 0.24 to 0.24
Florida Gas Zone 3 -- -0.05 to 0.00
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.065 to -0.04
Transco Zone 5 4.35 to 4.35 0.50 to 1.55
Transco Zone 5 North -- 0.57 to 0.78
Transco Zone 5 South 4.35 to 4.35 0.50 to 1.55
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.25 to -0.20
Dominion North -- -0.435 to -0.43
Dominion South 2.85 to 2.99 -0.42 to -0.39
Leidy Hub -- --
Millennium East Pool -- -0.53 to -0.48
Tenn Zone 4 200L 3.03 to 3.03 -0.3975 to -0.25
Tennessee Zn 4 313 Pool 3.05 to 3.05 -0.4375 to -0.40
Tennessee Zn 4 Marcellus -- -0.60 to -0.54
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt 2.89 to 2.95 -0.41 to -0.355
Texas Eastern M-3, Delivery 3.85 to 3.90 0.40 to 0.61
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 2.88 to 2.88 -0.50 to -0.46
Northeast
Algonquin Citygate -- 3.85 to 4.00
Algonquin Receipts -- --
Dracut -- --
Iroquois Zone 2 -- 2.35 to 2.45
Iroquois, Waddington 5.10 to 5.10 1.45 to 2.00
Niagara -- 0.00 to 0.09
Tenn Zone 5 200L -- -0.02 to 0.00
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 4.20 to 4.20
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY 4.30 to 4.30 0.625 to 1.10
Transco Zone 6 non-NY North 4.30 to 4.30 0.625 to 1.10
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 5.05 to 5.05 1.10 to 2.10
Rocky Mountains
Cheyenne Hub 3.01 to 3.20 --
CIG 2.95 to 3.22 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 3.09 to 3.13 --
Kern River 3.07 to 3.27 --
Kingsgate 2.74 to 2.80 --
Northwest S. of Green River 3.01 to 3.15 --
Northwest Sumas 2.95 to 3.35 --
Northwest Wyoming Pool -- --
Opal 3.07 to 3.28 -0.11 to -0.11
Questar 3.15 to 3.15 --
Stanfield 3.07 to 3.27 --
Transwestern San Juan 3.07 to 3.23 --
White River Hub 3.19 to 3.22 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 3.03 to 3.33 -0.06 to -0.06
PG&E Citygate 3.62 to 3.80 --
SoCal Citygate 3.50 to 3.58 --
Southern Border, PG&E -- --
Southern Border, SoCal 3.18 to 3.38 -0.05 to -0.05
SoCal Border Avg. 3.18 to 3.38 -0.05 to -0.05
Canada
Empress 2.61 to 2.95 --
NOVA/AECO C 2.50 to 2.89 --
Westcoast Station 2 2.25 to 2.51 --