Story of the Day

BHGE’s Backlog, Orders Climbing While Merger Synergies Cutting Costs
Shale Daily
Less than a year after General Electric Co. (GE) combined its oilfield business with Baker... Read More
Quarterly-us-crude-oil-production-20180420

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NGI's Shale Daily

April 20, 2018

Ultra Hits 1Q Guidance with Pinedale, Jonah Fields Assist

Ultra Petroleum Corp. produced 803 MMcfe/d in the first quarter, exceeding the midpoint of its 790-810 MMcfe/d guidance and increasing volumes by 13% from the year-ago period.
Monthly-US-Natural-Gas-Vented-and-Flared-20180420.png

Energy Industry Urges Court to Reject Appeal of NatGas Venting/Flaring Rule

Two trade associations representing the oil and natural gas industry urged a federal appeals court to reject an effort by California, New Mexico and a coalition of environmental groups to reinstate, albeit temporarily, an Obama-era rule governing associated natural gas flaring and venting on public and tribal lands.
Shale-Rigs0420

Permian Leads U.S. Rig Count Higher as Natural Gas Drilling Flat, Says BHI

The U.S. rig count continued to climb for the week ended Friday, adding five units thanks to oil drilling gains focused in the Permian Basin, according to data from oilfield services giant Baker Hughes Inc.
Quarterly-US-Crude-Oil-Production-20180420.png

BHGE’s Backlog, Orders Climbing While Merger Synergies Cutting Costs

Less than a year after General Electric Co. (GE) combined its oilfield business with Baker...

Schlumberger Bullish on North America Onshore, But Cites Need for Higher E&P Spend

North American onshore drilling carried the “earnings growth torch” for Schlumberger Ltd. in the first quarter, even though softer pressure pumping pricing and activity caused less equipment to be reactivated than expected.

Linn Now Eyeing Split into Two Onshore Companies; Management Team Stepping Aside

Linn Energy Inc. revised its initial plan to separate into three standalone companies and now expects to break into two entities in 3Q2018: a pure play exploration and production (E&P) company focused on the Midcontinent, and an upstream and midstream outfit with assets in several unconventional regions. The entire management team, including CEO Mark Ellis, also is planning to retire.

Oklahoma Shutters Injection Well, Limits Disposal in Two Counties After Seismic Activity

The Oklahoma Corporation Commission (OCC) on Thursday ordered an oil and natural gas wastewater injection well shut down in Kingfisher County in response to overnight earthquake activity.
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Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

The Utica Shale and South Central Oklahoma Oil Province (SCOOP) helped Gulfport Energy Corp. increase year/year production by 52% in the first quarter.

KML ‘Looking For a Way Forward’ on Trans Mountain Expansion

Kinder Morgan Canada Ltd. (KML) remains invested in British Columbia (BC) and Alberta, but the path forward for the company’s Trans Mountain Expansion Project is still unclear, CEO Steven Kean said Wednesday.
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Sparse Sand, Pressure Pumping to See Relief as Capacity Additions Readied

Pressure pumping horsepower and sand supply used in unconventional drilling are tight in some regions...
Ring-Energy-Acreage-Growth-20180418

Ring Energy’s Permian Output Climbs 91%, Natural Gas Sales Rising

Ring Energy Inc., whose exploration focus is trained on the Permian Basin’s Central Basin Platform and beyond in West Texas...
Australia-Prospective-Shale-and-Conventional-Natural-Gas-Resources-20180417

BC’s Falcon Plans to Resume Australia NT Exploration with Moratorium Lifted

Adoption of Western Canada’s formula for regulating unconventional natural gas activity has opened a vast Australian target zone to industry, with an incorporated British Columbia (BC) company at the head of the line to develop production.

Mariner East Project to Face More Scrutiny at Public Hearing Later This Month

The Pennsylvania Department of Environmental Protection (DEP) has scheduled a public hearing to take comments on two applications filed in October by Sunoco Pipeline LP to modify its construction methods at two locations in Chester County for the Mariner East (ME) 2 pipeline project.

Breitburn Emerges from Chapter 11 as Maverick

U.S. onshore-focused Maverick Natural Resources LLC said it has begun operating after emerging from Chapter 11 as a successor to Breitburn Energy Partners LP.
2017-Sinopec-and-PetroChina-Total-NatGas-Production-vs-Estimated-Total-China-Unconventional-Production-20180418

China’s Unconventional Natural Gas Output to Double by 2020, Says Wood Mackenzie

China’s unconventional natural gas production has undergone significant progress in the past 10 years, increasing to nearly 600 wells and 9 bcm (317.8 Bcf) of production in 2017, and output is likely to double to 17 bcm (600 Bcf) in 2020, according to Wood Mackenzie.

3D"Sign

NGI's Bidweek Alert Day 5 - March 29th for April 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 -- -0.13 to -0.12
Texas Eastern S. TX -- -0.04 to -0.0375
Transco Zone 1 -- -0.06 to -0.045
East Texas
Carthage -- -0.14 to -0.12
Houston Ship Channel -- 0.07 to 0.08
Katy -- --
NGPL TexOk -- -0.1625 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.15 to 1.48 --
Transwestern 1.28 to 1.29 --
Waha 1.25 to 1.60 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.42 to 2.52 --
Chicago - Nicor Gas 2.43 to 2.51 --
Chicago - NIPSCO 2.43 to 2.52 --
Chicago - North Shore -- --
Chicago - Peoples 2.42 to 2.42 --
Consumers Energy -- -0.135 to -0.0925
Dawn 2.58 to 2.67 -0.11 to -0.085
Emerson -- -0.30 to -0.29
Joliet -- --
Lebanon -- -0.26 to -0.24
Michigan Consolidated 2.51 to 2.52 -0.16 to -0.14
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.26 to -0.225
REX into MGT - Edgar -- -0.25 to -0.23
REX into NGPL - Moultrie -- -0.25 to -0.225
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- -0.25 to -0.25
Midcontinent
ANR SW 1.93 to 1.95 --
Enable East -- -0.35 to -0.34
Enable West -- --
NGPL Midcontinent 2.05 to 2.12 -0.56 to -0.545
Northern Border Ventura -- --
Northern Natural Demarc 2.29 to 2.33 --
Northern Natural Ventura 2.28 to 2.39 --
OGT 1.05 to 1.05 --
Panhandle Eastern 1.91 to 1.95 -0.72 to -0.6975
Southern Star -- -0.755 to -0.755
North Louisiana/Arkansas
Perryville -- -0.11 to -0.11
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1575 to -0.13
Trunkline Zone 1A -- -0.1725 to -0.165
South Louisiana
ANR SE -- -0.13 to -0.12
Columbia Gulf Mainline -- -0.1525 to -0.13
Columbia Gulf onshore -- -0.1275 to -0.12
Florida Gas Zone 2 -- --
Henry Hub -- 0.00 to 0.00
Southern Natural -- -0.07 to -0.065
Tennessee Line 500 -- -0.0775 to -0.055
Tennessee Line 800 -- -0.085 to -0.085
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.045 to -0.035
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.01 to 0.045
Texas Eastern M-1, 30 -- -0.11 to -0.11
Transco Zone 4 -- -0.045 to -0.025
Transco Zone 5 -- 0.045 to 0.07
Transco Zone 5 North -- 0.045 to 0.045
Transco Zone 5 South -- 0.0625 to 0.07
Appalachia
Columbia Gas -- -0.21 to -0.17
Dominion North -- -0.50 to -0.425
Dominion South -- -0.50 to -0.42
Leidy Hub -- --
Millennium East Pool -- -0.59 to -0.50
Tenn Zone 4 200L -- -0.34 to -0.21
Tennessee Zn 4 313 Pool -- -0.35 to -0.35
Tennessee Zn 4 Marcellus -- -0.67 to -0.54
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt 2.20 to 2.20 -0.525 to -0.44
Texas Eastern M-3, Delivery -- -0.40 to -0.28
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.595 to -0.43
Northeast
Algonquin Citygate -- 1.15 to 1.70
Algonquin Citygate (non-G) -- 1.15 to 1.70
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.07 to 0.25
Iroquois, Waddington -- 0.0325 to 0.05
Niagara -- -0.10 to -0.10
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 1.50 to 1.55
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.14 to 0.005
Transco Zone 6 non-NY North -- -0.14 to 0.005
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.105 to 0.00
Rocky Mountains
Cheyenne Hub 1.85 to 1.95 --
CIG 1.73 to 1.74 --
CIG DJ Basin 1.75 to 1.76 --
El Paso Bondad -- --
El Paso non-Bondad 1.47 to 1.60 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 1.70 to 1.79 --
Northwest Wyoming Pool -- --
Opal 1.90 to 1.98 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.79 to 1.84 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.02 to 2.02 --
California
Malin 1.88 to 1.95 --
PG&E Citygate 2.52 to 2.63 --
SoCal Citygate 2.61 to 2.80 --
Southern Border, PG&E 1.75 to 1.99 --
Southern Border, SoCal 1.95 to 2.06 --
SoCal Border Avg. 1.95 to 2.06 --
Canada
Empress -- --
NOVA/AECO C 1.15 to 1.64 --
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.