Story of the Day

More Capex Equals More U.S. Wells, Especially in Permian And Oklahoma, Says Barclays
Shale Daily
The Permian Basin and Oklahoma's stacked reservoirs will surpass all onshore areas of the United States for oil drilling this year... Read More
Monthly-permian-wells-drilled-20170328

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NGI's Shale Daily

March 28, 2017

SEC Charges Bakken Company Co-Founder, Others in Fraudulent Stock Scheme

The co-founder of a Bakken Shale midstream operator has been charged with allegedly operating a stock scheme that allowed him to collect millions in bonus payments.

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Trump Signs Executive Order Marking Shift Away From Climate Change

President Trump signed an executive order Tuesday calling for sweeping changes in the energy sector, including an immediate reevaluation of the Environmental Protection Agency's (EPA) proposed Clean Power Plan (CPP) and lifting restrictions on oil, gas and coal production.

Pennsylvania Issues Permits For Controversial Injection Wells

The Pennsylvania Department of Environmental Protection (DEP) has issued permits for two controversial underground injection wells in the state, closing a roughly four-year fight in two counties nearly 100 miles apart.
Monthly-Permian-Wells-Drilled-20170328

More Capex Equals More U.S. Wells, Especially in Permian And Oklahoma, Says Barclays

The Permian Basin and Oklahoma's stacked reservoirs will surpass all onshore areas of the United States for oil drilling this year...

Oil Flows in Dakota Access Pipeline, Backers Tell DC Court

Although its legal challenges have not ended, the backers of the controversial Dakota Access Pipeline (DAPL) reported to a federal district court on Monday that Bakken crude oil began to flow in the $3.68 billion, nearly 1,200-mile pipeline.

Colorado Legislative Proposal Seeks Increased Drilling Distance From Schools

Colorado's oil/gas industry is pushing back against a proposal in the state legislature (HB 1256) seeking to expand current setback requirements beyond 1,000 feet for oil/natural gas drilling from schools.

Briefs -- PA DEP | Tesoro Corp.

Enhanced Completions Boost Newfield, Expects 1Q Production to Exceed Guidance

Newfield Exploration Co. said it expects 1Q2017 production will likely exceed the high end of its guidance for the quarter, thanks in large part to enhanced completions at 16 wells the company drilled recently in Oklahoma's stacked reservoirs.

Hess Launches IPO for Bakken-Focused Midstream MLP

Hess Corp. announced the initial public offering (IPO) Monday for units of Hess Midstream Partners LP, a master limited partnership (MLP) focused on midstream operations in North Dakota's Williston Basin.

EQT Raises Guidance, Expects More Liquids Production This Year

EQT Corp. on Monday bumped up its 2017 production guidance on longer lateral lengths, an increased Marcellus Shale type curve and higher anticipated natural gas liquids volumes than previously forecast.

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Lawsuit Challenging DRBC Authority to Regulate NatGas Drilling Rejected

The U.S. District Court for the Middle District of Pennsylvania has dismissed a lawsuit filed by a small exploration and production company that challenged the authority of the Delaware River Basin Commission (DRBC) to review and approve natural gas drilling in the watershed.

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Schlumberger, Weatherford Taking Fight to Halliburton for North American Fracking Share

Schlumberger Ltd. and Weatherford International plc are signaling a knife fight for North American pressure pumping...

Idaho Oil, Gas Rules Head to Governor’s Desk

A bill (HB 301) to rewrite oil/natural gas rules in Idaho was passed unanimously through both houses of the state legislature in two days last week and now awaits Gov. C. L. Otter's signature.

Second Ohio National Forest Oil/NatGas Lease Sale Nets $5.1M

The U.S. Bureau of Land Management (BLM) on Thursday auctioned another 1,147 acres in Ohio's Wayne National Forest for oil and natural gas development, earning more than $5.1 million that will be distributed between the state and federal government.

SDBaker0324

Permian Basin Leads Rig Gains Again

Texas and Oklahoma led the states in active drilling rig gains during the week ending Friday, according to Baker Hughes Inc. Texas raised its tally by eight, and Oklahoma added seven.

3D"Sign

NGI's Bidweek Alert Day 2 - Mar. 28 for April 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 -- -0.085 to -0.085
Tennessee Zone 0 South -- -0.12 to -0.11
Texas Eastern S. TX -- -0.07 to -0.07
Transco Zone 1 -- --
East Texas
Carthage -- --
Houston Ship Channel -- --
Katy -- -0.035 to -0.035
NGPL TexOk 2.90 to 2.95 -0.155 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.10 to -0.10
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.56 to 2.62 --
Transwestern -- --
Waha 2.64 to 2.70 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.96 to 3.04 --
Chicago - Nicor Gas 3.02 to 3.04 --
Chicago - NIPSCO 2.96 to 2.96 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.03 to -0.025
Dawn 3.21 to 3.22 -0.0125 to 0.15
Emerson -- -0.43 to -0.30
Joliet -- --
Lebanon -- -0.16 to -0.16
Michigan Consolidated -- -0.0625 to -0.055
Parkway/Union -- -0.0125 to 0.16
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.17 to -0.17
REX into NGPL - Moultrie 2.89 to 2.89 -0.175 to -0.165
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- -0.15 to -0.15
Midcontinent
ANR SW 2.63 to 2.69 -0.40 to -0.38
Enable East 2.82 to 2.82 -0.24 to -0.22
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.67 to 2.73 --
Northern Border Ventura -- --
Northern Natural Demarc 2.77 to 2.86 --
Northern Natural Ventura 2.80 to 2.83 --
OGT 2.60 to 2.66 -0.47 to -0.47
Panhandle Eastern 2.62 to 2.71 -0.41 to -0.39
Southern Star 2.57 to 2.65 -0.43 to -0.43
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.115
Trunkline Zone 1A -- -0.115 to -0.11
South Louisiana
ANR SE -- -0.09 to -0.09
Columbia Gulf Mainline -- -0.115 to -0.1125
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- --
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.0525
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to -0.035
Texas Eastern M-1, 30 -- -0.11 to -0.11
Transco Zone 4 -- -0.0675 to -0.0625
Transco Zone 5 -- 0.005 to 0.01
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.005 to 0.01
Appalachia
Columbia Gas -- -0.185 to -0.18
Dominion North -- -0.50 to -0.495
Dominion South -- -0.51 to -0.47
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.405 to -0.40
Tennessee Zn 4 313 Pool -- -0.43 to -0.43
Tennessee Zn 4 Marcellus -- -0.67 to -0.63
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.53 to -0.485
Texas Eastern M-3, Delivery -- -0.46 to -0.415
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.615 to -0.575
Northeast
Algonquin Citygate -- 0.05 to 0.07
Algonquin Citygate (non-G) -- 0.05 to 0.07
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.05 to 0.08
Iroquois, Waddington -- 0.05 to 0.05
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.11 to 0.15
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.38 to -0.34
Transco Zone 6 non-NY North -- -0.38 to -0.34
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.40 to -0.35
Rocky Mountains
Cheyenne Hub 2.61 to 2.62 --
CIG 2.59 to 2.59 --
CIG DJ Basin -- --
El Paso Bondad 2.60 to 2.62 --
El Paso non-Bondad 2.59 to 2.62 --
Kern River 2.64 to 2.65 --
Kingsgate -- --
Northwest S. of Green River 2.60 to 2.63 --
Northwest Sumas 2.30 to 2.30 --
Northwest Wyoming Pool -- --
Opal 2.65 to 2.68 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.69 to 2.69 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.74 to 2.75 --
California
Malin 2.68 to 2.75 --
PG&E Citygate 3.20 to 3.26 --
SoCal Citygate 2.97 to 3.05 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.72 to 2.77 --
SoCal Border Avg. 2.72 to 2.77 --
Canada
Empress -- --
NOVA/AECO C 2.44 to 2.51 --
Westcoast Station 2 -- --