Story of the Day

Pennsylvania NatGas Production Posts First Quarter Increase
Shale Daily
Unconventional natural gas production in Pennsylvania continued to increase during the first quarter... Read More
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NGI's Shale Daily

May 22, 2017

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Pennsylvania NatGas Production Posts First Quarter Increase

Unconventional natural gas production in Pennsylvania continued to increase during the first quarter...

Saudis Strike Landmark Deals with Who’s Who in U.S. Oil, Gas

U.S. oil and natural gas operators secured deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.

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OFS In-Depth Part 1: Rising Costs May Lead to Volatile Oil, Natural Gas Production Growth

While many producers have been expecting a rise in oilfield service (OFS) costs (including, but not limited to the cost of rigs, pressure pumping and transportation) of around 10-15% from 2016 levels, some analysts are saying actual costs in 2017 could come in more than 20% higher and up to 30% higher from 2016 levels in 2018.

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North Louisiana-Focused PennTex Midstream Mulling $20/Unit Energy Transfer Offer

PennTex Midstream Partners LP, which has assets in North Louisiana, is reviewing an unsolicited cash offer from Energy Transfer Partners LP that would give the latter all of the outstanding PennTex common units it doesn’t already own.

Trump's FERC, DOE Nominees Set For Senate Hearing May 25

The Senate Committee on Energy and Natural Resources has scheduled a hearing at 10 a.m. EDT May 25 to consider President Trump's nominations of Neil Chatterjee and Robert Powelson to be members of FERC and Dan Brouillette to be deputy secretary of the Department of Energy.

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Pennsylvania Shale Permits Hit Historic Lows in 2016; Expected to Bounce Back This Year

Unconventional natural gas well drilling permits in Pennsylvania hit an eight year-low...
SDBaker0521

U.S. Land Rigs Gain 14; NatGas Growth Not All Just About Northeast Plays

Much is made of natural gas production growth from the Marcellus and Utica shales, but in a recent note, Societe Generale’s Breanne Dougherty reminded the industry that other basins are also important supply sources.

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Keane's Tie-Up With RockPile Grows U.S. Onshore Footprint, Adds Horsepower in Permian, Bakken

In a bid to expand its U.S. land services and build its pressure pumping capacity by one-quarter, Keane Group Inc. agreed to pay $284.5 million to acquire completion specialist RockPile Energy Services LLC.
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Canadian Exports to United States Grew Last Year as Prices Fell, Data Shows

U.S. importers bought more but paid less for Canadian natural gas last year, according to the 2016 annual trade record from the U.S. Department of Energy.
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ACC, Lawmakers Say Appalachian NGL Storage Hub Key to Petchem Buildout

Momentum continues building for efforts to attract a substantial natural gas liquids (NGL) storage hub in the Appalachian Basin...
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Colorado Governor Urges No Appeal of Oil, Gas Ruling; AG Disagrees

Colorado Gov. John Hickenlooper has ordered the state not to fight a court ruling that would require public safety, health and the environment to be protected as a precondition before allowing new oil and natural gas drilling. However, Attorney General Cynthia Coffman said she would defy the governor, appealing the case to the Colorado Supreme Court.

Vesta Secures C$295 Million in Private Funding to Develop Area of Duvernay Shale

Vesta Energy Corp., a privately-held exploration and production (E&P) company focused on light oil targets in a shallow area of Alberta's Duvernay Shale, has secured C$295 million (US$217.9 million) in financing from a group of private equity firms.

Chisholm Energy Lassos Permian Acreage in New Mexico’s Northern Delaware

Private equity-backed Chisholm Energy Holdings LLC, managed by a roster of former Range Resources Corp. executives, has snapped up its first acquisition, undeveloped acreage in New Mexico, within the Permian Basin's Delaware formation.

Noble Completes Appalachian Exit; Quantum Energy Partners Is Midstream/Upstream Buyer

Noble Energy Inc. on Thursday capped its exit from the Appalachian Basin, announcing a deal to sell its remaining midstream interests there to private equity firm Quantum Energy Partners for $765 million.

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U.S. Onshore Permitting Off to 'Roaring Start,' With More Activity in Fringe Plays, Says Evercore

Oil and natural gas permits to drill on U.S. land have risen "at least" 49% in every major oil producing state from a year ago, with activity also rising in the fringe areas of major shale plays, Evercore ISI said Tuesday.

3D"Sign

NGI's Bidweek Alert Day 5 - Apr. 28 for May 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.19 to 3.20 --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.165 to -0.13
Texas Eastern S. TX -- -0.06 to -0.0325
Transco Zone 1 -- -0.095 to -0.085
East Texas
Carthage -- -0.16 to -0.13
Houston Ship Channel 3.10 to 3.12 --
Katy 3.11 to 3.20 --
NGPL TexOk 2.88 to 2.93 -0.22 to -0.02
Tennessee Zone 0 North -- -0.165 to -0.145
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.55 to 2.66 --
Transwestern 2.57 to 2.57 --
Waha 2.60 to 2.65 --
Midwest
Alliance -- --
ANR ML7 -- -0.12 to -0.045
Chicago Citygate 2.87 to 2.94 -0.18 to -0.16
Chicago - Nicor Gas 2.88 to 2.92 -0.18 to -0.16
Chicago - NIPSCO 2.87 to 2.93 --
Chicago - North Shore -- --
Chicago - Peoples 2.94 to 2.94 --
Consumers Energy -- -0.05 to -0.02
Dawn 3.21 to 3.26 0.115 to 0.165
Emerson -- -0.40 to -0.34
Joliet -- --
Lebanon -- -0.20 to -0.185
Michigan Consolidated 2.98 to 3.11 -0.065 to -0.035
NGPL Amarillo Mainline 2.75 to 2.82 --
Parkway/Union -- 0.12 to 0.1525
REX into ANR - Shelby -- -0.14 to -0.13
REX into MGT - Edgar -- -0.22 to -0.22
REX into NGPL - Moultrie -- -0.24 to -0.23
REX into PEPL - Putnam -- -0.225 to -0.225
REX into Trunk - Douglas -- -0.215 to -0.215
Midcontinent
ANR SW 2.60 to 2.66 -0.43 to -0.415
Enable East -- -0.2375 to -0.215
Enable West -- -0.25 to -0.25
NGPL Midcontinent 2.67 to 2.79 --
Northern Border Ventura 2.76 to 2.87 --
Northern Natural Demarc 2.75 to 2.86 --
Northern Natural Ventura 2.73 to 2.86 --
OGT 2.57 to 2.76 -0.49 to -0.47
Panhandle Eastern 2.58 to 2.69 -0.45 to -0.415
Southern Star 2.61 to 2.67 -0.485 to -0.485
North Louisiana/Arkansas
Perryville -- -0.105 to -0.105
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.1225
Trunkline Zone 1A 3.07 to 3.07 -0.1275 to -0.12
South Louisiana
ANR SE -- -0.10 to -0.03
Columbia Gulf Mainline -- -0.12 to -0.08
Columbia Gulf onshore -- -0.10 to -0.09
Florida Gas Zone 2 -- -0.06 to 0.00
Henry Hub -- -0.005 to 0.00
Southern Natural -- -0.08 to -0.05
Tennessee Line 500 3.02 to 3.07 -0.10 to -0.085
Tennessee Line 800 -- -0.10 to -0.09
Texas Eastern E. LA -- -0.1025 to -0.07
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 3.22 to 3.22 -0.09 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- 0.76 to 0.76
Florida Gas Zone 3 -- -0.055 to -0.005
Texas Eastern M-1, 30 -- -0.13 to -0.12
Transco Zone 4 -- -0.08 to -0.04
Transco Zone 5 -- -0.14 to 0.01
Transco Zone 5 North -- -0.14 to -0.11
Transco Zone 5 South -- -0.01 to 0.01
Appalachia
Columbia Gas 2.89 to 3.17 -0.18 to -0.14
Dominion North -- -0.555 to -0.52
Dominion South 2.51 to 2.52 -0.595 to -0.515
Leidy Hub -- --
Millennium East Pool -- -0.62 to -0.59
Tenn Zone 4 200L -- -0.4225 to -0.375
Tennessee Zn 4 313 Pool -- -0.42 to -0.40
Tennessee Zn 4 Marcellus -- -0.6925 to -0.64
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt 2.55 to 2.55 -0.65 to -0.50
Texas Eastern M-3, Delivery 2.64 to 2.78 -0.57 to -0.45
Texas Eastern M-3, Receipt 2.50 to 2.50 --
Transco-Leidy Line -- -0.65 to -0.58
Northeast
Algonquin Citygate -- 0.16 to 0.25
Algonquin Citygate (non-G) -- 0.16 to 0.25
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.00 to 0.07
Iroquois, Waddington 3.22 to 3.22 -0.025 to 0.09
Niagara -- --
Tenn Zone 5 200L -- -0.38 to -0.25
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.08 to 0.21
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY 2.85 to 2.85 -0.36 to -0.22
Transco Zone 6 non-NY North 2.85 to 2.85 -0.36 to -0.22
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 2.90 to 2.90 -0.39 to -0.23
Rocky Mountains
Cheyenne Hub 2.57 to 2.60 --
CIG 2.56 to 2.60 --
CIG DJ Basin 2.56 to 2.58 --
El Paso Bondad 2.58 to 2.65 --
El Paso non-Bondad 2.48 to 2.60 --
Kern River 2.62 to 2.72 --
Kingsgate -- --
Northwest S. of Green River 2.53 to 2.65 --
Northwest Sumas 2.37 to 3.14 --
Northwest Wyoming Pool -- --
Opal 2.62 to 2.70 --
Questar 2.53 to 2.53 --
Stanfield 2.49 to 2.61 --
Transwestern San Juan 2.48 to 2.69 --
White River Hub 2.61 to 2.62 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.68 to 2.78 --
PG&E Citygate 3.21 to 3.31 --
SoCal Citygate 3.02 to 3.13 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.70 to 2.80 --
SoCal Border Avg. 2.70 to 2.80 --
Canada
Empress 2.64 to 2.88 --
NOVA/AECO C 2.17 to 2.82 --
Westcoast Station 2 2.21 to 2.31 --