Story of the Day

U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore
Shale Daily
A pivotal year awaits exploration and production (E&P) companies worldwide, with capital spending on course to increase 7% overall, led by a 15% gain in U.S. onshore-weighted budgets... Read More
North-american-e-and-p-vs-2017-capex-20171213

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NGI's Shale Daily

December 14, 2017

EQT Guiding for Much Stronger 2018 NatGas Output of 1 Tcfe-Plus

EQT Corp. intends to nearly double its capital spending next year in order to tame the vast acreage position it beefed up after completing an $8 billion deal to buy Rice Energy Inc., highlighting on Wednesday operational plans that call for significantly longer laterals in the Marcellus and Upper Devonian shales.

Midstreamers Combine Forces in Denver-Julesburg JV to Buy Saddle Butte Rockies

Black Diamond Gathering LLC, a joint venture (JV) formed by Noble Midstream Partners LP and Greenfield Midstream LLC, has agreed to pay $625 million for Saddle Butte Rockies Midstream LLC and affiliates.
North-American-E-and-P-vs-2017-CapEx-20171213

U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore

A pivotal year awaits exploration and production (E&P) companies worldwide, with capital spending on course to increase 7% overall, led by a 15% gain in U.S. onshore-weighted budgets...
Monthly-Eagle-Ford-Crude-Oil-Production-20171213

Carrizo Continues Paring Portfolio, to Sell Eagle Ford Slice for $245M

Carrizo Oil & Gas Inc. has agreed to sell another piece of its portfolio, this time about one-quarter of its net position in the Eagle Ford Shale, to an undisclosed buyer for $245 million.
Monthly-Bakken-Oil-and-Natural-Gas-Production-20171213

Williston Oil, NatGas Resources to be Reassessed

North Dakota Republican Sen. John Hoeven and energy industry stakeholders are urging the U.S. Geological Survey (USGS) to undertake another comprehensive review of the Williston Basin, anticipating that an updated assessment may spur more interest in the Bakken Shale, which is producing about 1 million b/d.

Correction

Oasis-Petroleum-Acquisition-in-Delaware-Sub-Basin-20171212

PDC Boosting 2018 Capex to Cover Wattenberg, Permian Development

PDC Energy Inc. said this week it would budget $850-920 million next year to keep the focus on Colorado’s Wattenberg field and the Permian Basin’s Delaware sub-basin.
Oasis-Petroleum-Acquisition-in-Delaware-Sub-Basin-20171212

Oasis Entering Permian in $946M Deal with Plans to Sell Bit of Williston in 2018

Oasis Petroleum Inc., until now a pure-play operator in the Williston Basin, is ready to make a splash...

Kalnin Grabs More Marcellus, As Warren Resources Exits Appalachia

Energy investment firm Kalnin Ventures LLC has agreed to acquire all of Warren Resources Inc.’s Marcellus Shale assets in northeastern Pennsylvania’s Wyoming County for $105 million plus contingent payments over the next two years.

CNX in Mix to Buy Noble's Appalachia Midstream Stakes

Noble Energy Inc. has an agreement with an affiliate of private equity firm Quantum Energy Partners to extend the deadline for selling its Appalachian midstream interests in Cone Midstream Partners LP, allowing it to explore a sale to CNX Resources Corp.

With Industry Vets at Helm, New Outfit Pegasus Gets $300M to Focus on Permian

Pegasus Resources LLC, a new mineral and royalty company devoted primarily to the Permian Basin and led by a team of veteran energy executives, has received a $300 million commitment from EnCap Investments LP.

Brief -- Continental STACK

California EOR Project Tapping Sunshine to Reduce Costs

Aera Energy LLC, a partnership between units of Royal Dutch Shell plc and ExxonMobil Corp., is bidding to become the largest solar energy developer in California with 850 MW of capacity to create steam for an enhanced oil recovery (EOR) operation in the Belridge oilfield 40 miles west of Bakersfield.

Disgruntled Shareholders Distorting Bonanza Creek Deal, Say SandRidge Execs

SandRidge Energy Inc., in a tussle with activist hedge fund billionaire and majority shareholder Carl Icahn, on Monday urged shareholders to stay focused on the benefits of its planned merger with Bonanza Creek Energy Inc.
Flat-Castle-Acquisition-20171211

Eclipse Branching Out with Utica Acquisition in North-Central Pennsylvania

Eclipse Resources Corp. is no longer an Ohio pure-play. The company announced on Monday...

3D"Sign

NGI's Bidweek Alert Day 5 - November 30 for December 2017
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 -- -0.16 to -0.1375
Texas Eastern S. TX -- -0.11 to -0.1075
Transco Zone 1 -- -0.0925 to -0.05
East Texas
Carthage -- -0.12 to -0.11
Houston Ship Channel 3.01 to 3.01 -0.10 to -0.0875
Katy -- --
NGPL TexOk -- -0.165 to -0.15
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.41 to 2.63 --
Transwestern 2.48 to 2.50 --
Waha 2.45 to 2.49 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.99 to 3.30 --
Chicago - Nicor Gas 2.99 to 3.25 --
Chicago - NIPSCO 3.00 to 3.30 --
Chicago - North Shore -- --
Chicago - Peoples 3.01 to 3.01 --
Consumers Energy -- 0.00 to 0.005
Dawn 3.08 to 3.31 0.13 to 0.195
Emerson -- -0.065 to -0.0175
Joliet -- --
Lebanon -- -0.09 to -0.09
Michigan Consolidated 2.86 to 3.09 -0.055 to -0.03
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.095 to -0.0925
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.64 to 2.80 -0.32 to -0.25
Enable East -- -0.26 to -0.2575
Enable West -- --
NGPL Midcontinent 2.63 to 2.84 -0.32 to -0.26
Northern Border Ventura 2.92 to 2.93 --
Northern Natural Demarc 2.88 to 3.20 -0.03 to -0.03
Northern Natural Ventura 2.89 to 3.20 --
OGT 2.38 to 2.47 -0.48 to -0.47
Panhandle Eastern 2.53 to 2.54 -0.40 to -0.38
Southern Star 2.56 to 2.67 -0.36 to -0.36
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- 0.00 to 0.00
Texas Gas Zone 1 -- -0.1175 to -0.10
Trunkline Zone 1A -- -0.13 to -0.105
South Louisiana
ANR SE -- -0.075 to -0.075
Columbia Gulf Mainline -- -0.125 to -0.095
Columbia Gulf onshore -- -0.07 to -0.07
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to 0.0075
Southern Natural -- -0.065 to -0.045
Tennessee Line 500 -- -0.085 to -0.0525
Tennessee Line 800 -- -0.1025 to -0.08
Texas Eastern E. LA -- -0.10 to -0.10
Texas Eastern W. LA -- -0.105 to -0.10
Texas Gas Zone SL -- -0.105 to -0.105
Transco Zone 3 -- -0.0325 to -0.015
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0225 to -0.015
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.035 to -0.005
Transco Zone 5 -- 0.55 to 0.72
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.55 to 0.72
Appalachia
Columbia Gas -- -0.1975 to -0.1375
Dominion North -- -0.58 to -0.45
Dominion South -- -0.70 to -0.495
Leidy Hub -- --
Millennium East Pool -- -0.77 to -0.54
Tenn Zone 4 200L -- -0.34 to -0.25
Tennessee Zn 4 313 Pool -- -0.575 to -0.50
Tennessee Zn 4 Marcellus -- -0.88 to -0.665
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.63 to -0.475
Texas Eastern M-3, Delivery -- -0.01 to 0.25
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.80 to -0.60
Northeast
Algonquin Citygate -- 2.55 to 3.30
Algonquin Citygate (non-G) -- 2.55 to 3.30
Algonquin Receipts -- 0.06 to 0.06
Iroquois Zone 2 -- 1.17 to 1.50
Iroquois, Waddington -- 0.82 to 0.95
Niagara -- -0.15 to 0.05
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 2.90 to 4.00
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.49 to 0.70
Transco Zone 6 non-NY North -- 0.49 to 0.70
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.95 to 1.55
Rocky Mountains
Cheyenne Hub 2.78 to 2.78 --
CIG 2.66 to 2.78 --
CIG DJ Basin 2.63 to 2.67 --
El Paso Bondad -- --
El Paso non-Bondad 2.52 to 2.61 --
Kern River 2.75 to 2.90 --
Kingsgate -- --
Northwest S. of Green River 2.66 to 2.68 --
Northwest Sumas 3.10 to 3.23 --
Northwest Wyoming Pool -- --
Opal 2.75 to 2.90 --
Questar -- --
Stanfield 2.78 to 2.90 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.30 to 3.32 --
California
Malin 2.81 to 2.89 --
PG&E Citygate 3.05 to 3.17 --
SoCal Citygate 5.50 to 7.55 --
Southern Border, PG&E -- --
Southern Border, SoCal 3.28 to 3.53 --
SoCal Border Avg. 3.28 to 3.53 --
Canada
Empress -- --
NOVA/AECO C 1.83 to 2.03 --
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.