Story of the Day

Koch Industries Looking to Bakken for More Oil Exports
Shale Daily
Koch Industries is actively trading U.S.-produced oil to Europe and Asia, and more Bakken production from North Dakota... Read More
Monthly-north-dakota-field-production-of-crude-oil-20180524

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NGI's Shale Daily

May 25, 2018

Trump Tweets and OPEC Reacts, Promising More Global Oil Supply in ‘Near Future’

The Organization of the Petroleum Exporting Countries and its allies, including Russia, could ramp up more oil to global markets “in the near future” to fill the gap from U.S. sanctions on Iran and the loss of Venezuela output, the Saudi Arabia energy minister said Friday.

Callon’s $750M Permian Deal with Cimarex to Expand Lateral Drilling Opportunities

Permian Basin-focused Callon Petroleum Co. has picked up more West Texas acreage in a $750 million deal with Cimarex Energy Co. that would allow it to drill longer lateral wells.
bakersd0525

Permian Riding High in Latest Baker Hughes Rig Count

Oil was king for the week ending May 25 as the number of rigs on the hunt in the United States increased by 15 rigs to 859 over the previous week, according to Baker Hughes Inc. data.

Bakken Facing Two-Phase, $9B Infrastructure Build-Out

North Dakota’s Bakken Shale’s next infrastructure buildout for growing crude oil production should begin in about two years, with overall needs estimated to cost $9 billion, according to the state’s chief oil and gas regulator.

Monthly-North-Dakota-Sweet-Crude-Price-20180525

Continental’s Bakken Well Returns Double in Year’s Time, Exec Says

Touting 165% returns on some wells this year in the Bakken Shale, the president of Continental Resources Corp., North Dakota’s top producer, said Thursday overall returns on new wells have doubled in less than a year.

Trump Administration Sued Over Bird Protection Law

Two conservation groups sued the Trump administration over its interpretation of the Migratory Bird Treaty Act, a law that onshore oil and natural gas producers try to follow as they look to minimize the impact their operations have on several bird species, including the greater sage grouse and the lesser prairie chicken.
Monthly-North-Dakota-Field-Production-of-Crude-Oil-20180524

Koch Industries Looking to Bakken for More Oil Exports

Koch Industries is actively trading U.S.-produced oil to Europe and Asia, and more Bakken production from North Dakota...

North Dakota Following Trump’s Lead, Pursuing ‘Regulatory Lite’ Energy Policies

North Dakota regulators are pursuing energy policy reform, embracing collaboration with the industry and channeling the Trump administration’s goals.
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More Frack Sand Headed to Eagle Ford with Black Mountain Expansion

Black Mountain Sand is expanding its operations into the Eagle Ford Shale with the acquisition of 2,400 acres in South Texas.
Mariner-East-Pipeline-Project-20180208.png

Once Again, Mariner East’s Pennsylvania Operations, Some Construction Face Indefinite Halt

Pennsylvania regulators have once again halted Mariner East 1 operations just weeks after a similar suspension was lifted, this time granting an emergency order that lays out a laundry list of requirements that Energy Transfer Partners LP subsidiary Sunoco Pipeline must meet before natural gas liquids can resume moving on the system.

Apache Dedicating Alpine High NGLs to Enterprise

Apache Corp., which is working to secure takeaway options for its surging Alpine High project in West Texas, has inked a long-term agreement that gives Enterprise Products Partners LP 100% of the liquids production.
Monthly-North-Dakota-Oil-Production-and-Sweet-Crude-Prices-20180523.png

Water Disposal Looms as Challenge After Bakken's Next Growth Phase, State Official Says

Although there are plenty of near-term challenges tied to robust natural gas production and...

BC Gas Uncorked By NEB Decision on North Montney Mainline Pipe

Rising British Columbia (BC) unconventional production will be redirected east and south across Canada and the United States under a pipeline approval granted Wednesday to TransCanada Corp. in the wake of a scrapped Pacific Coast liquefied natural gas (LNG) export terminal project.

People -- Northern Oil Rehires Michael Reger

Oklahoma Judge Approves Quake Lawsuit Class Action; More Wastewater Wells Shut

A judge in Oklahoma has determined that a lawsuit filed after an earthquake, currently the second most powerful temblor recorded in the state's history, can move forward with class action status.

3D"Sign

NGI's Bidweek Alert Day 2 - May 25th for June 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 -- -0.12 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- --
East Texas
Carthage -- -0.12 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk -- -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.97 -1.08 to -1.06
Transwestern -- --
Waha -- --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.70 to 2.74 --
Chicago - Nicor Gas -- --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn -- -0.205 to -0.185
Emerson -- -0.39 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated -- -0.22 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW -- -0.65 to -0.65
Enable East -- -0.29 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.53 to 2.58 --
Northern Natural Ventura 2.54 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.32 to 2.32 -0.67 to -0.66
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.17 to -0.17
Columbia Gulf Mainline -- -0.1575 to -0.1475
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.055 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.04 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.02
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.035 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.23 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.675 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.37 to -1.30
Tenn Zone 4 200L -- -0.45 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.40 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.38 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.26 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.22 to -0.18
Transco Zone 6 non-NY North -- -0.22 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.06 to 2.06 --
Northwest Sumas 1.45 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.12 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.10 to 3.12 --
SoCal Citygate 3.41 to 3.51 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.43 --
SoCal Border Avg. 2.27 to 2.43 --
Canada
Empress -- --
NOVA/AECO C 0.83 to 0.90 --
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.