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Eclipse Branching Out with Utica Acquisition in North-Central Pennsylvania
Shale Daily
Eclipse Branching Out with Utica Acquisition in North-Central Pennsylvania

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December 12, 2017


Outlook on Late-Month Frigid Blast Varying; January NatGas Called Even

Daily GPI
January natural gas was set to open within a penny of even Tuesday at around $2.826 amid varying predictions for a cold blast that could lift heating demand later this month.

NatGas Futures Gain Before Forecast Prompts Post-Settle Slide; Cash Firms on Winter Demand

Daily GPI
After last week's drubbing, natural gas futures gained modestly on Monday to start the new week, helped by some frigid temperatures in the 11-15 day outlook. The spot market firmed as well, even as prices moderated somewhat in the Northeast, and the NGI National Spot Gas Average added 4 cents to $2.98/MMBtu.

Long-Range Cold Risks Seen; January NatGas Called Higher

Daily GPI
January natural gas was set to open about 4 cents higher at around $2.815 Monday, as forecasters were pointing to some potential cold risks in the long-range weather outlook.

Cash Notches Weekly Gains, But NatGas Futures Not Impressed By Cold

NGI Weekly Gas Price Index
The arrival of winter cold following a period of mild temperatures helped lift natural gas spot prices in some regions this week, but a sell-off in futures showed it wasn’t cold enough to send the bears into hibernation. The NGI Weekly Spot Gas Average gained 18 cents to $2.89.

NatGas Futures Bulls Limp into Weekend; Cash Falls Despite East Coast Strength

Daily GPI
Natural gas futures traded in a holding pattern Friday, adding less than a penny to the prompt-month contract to cap off a rough week for the bulls. Outside of strong weather-driven gains along the East Coast, the spot market softened also, with prices in some regions barely registering a reaction to the arrival of cold weather. The NGI National Spot Gas Average gained 8 cents to $2.94/MMBtu.

Texas Snow Not Enough to Convince NatGas Market of Cold; January Plunges 30 Cents

Forward Look

The high in the U.S. energy capital of Houston reached 81 last Monday, but the city woke up to snow and chilly temperatures on Friday. Still, it wasn’t enough to convince the natural gas market that wintry weather was here to stay, although the long-range weather outlooks indicate frigid temperatures ahead. January forward prices plunged an average 35 cents from Dec. 1 to 7, according to NGI’s Forward Look.

More in Markets...



Second Pemex Deepwater Farmout Canceled by Mexican Upstream Regulator

Daily GPI
The Mexican upstream regulator has called off what would have been the second deepwater farmout by Petroleos Mexicanos (Pemex) because of a lack of interest, while also authorizing the state-owned producer to carry out additional exploration work on the project.

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

Shale Daily
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.

California EOR Project Tapping Sunshine to Reduce Costs

Shale Daily
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

Shale Daily
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.

Eclipse Branching Out with Utica Acquisition in North-Central Pennsylvania

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

Two Projects Launch Open Seasons to Transport Permian Crude

Shale Daily
A binding open season through Jan. 8 is testing support for a crude oil gathering and related pipeline system to serve the Permian Basin in the northern Delaware sub-basin.

More in E&P...


CNX in Mix to Buy Noble's Appalachia Midstream Stakes

Shale Daily
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.

GE Downsizes Workforce, Citing Softer NatGas, Coal Demand and Rising Renewables

Daily GPI
General Electric’s largest industrial business unit is downsizing by 18% as it faces a disruptive marketplace, with depressed demand for natural gas and coal services and a surge toward alternative energies.

Millennium’s Valley Lateral Underway After Court Declines to Block Project

Daily GPI
Millennium Pipeline Co. LLC began constructing the Valley Lateral pipeline on Friday, one day after a federal appeals court in Manhattan rejected a request by New York regulators to block the long-delayed project while their legal challenge with FERC plays out.

ExxonMobil Touts Ethylene Discovery to Energy, Emissions

Daily GPI
ExxonMobil Corp., in collaboration with Spain’s Instituto de Tecnologia Quimica, has discovered a “potentially revolutionary” material that may sharply reduce the amount of energy and emissions associated with producing ethylene.

U.S. Rig Count Tacks on Two More; Haynesville, Marcellus Among Biggest Gainers

Shale Daily
The United States added two more rigs to its tally for the week ended Friday, marking five weeks in a row of increases in domestic drilling activity, according to data released by Baker Hughes Inc.

U.S. Targets Middle East for LNG Sales; Russia’s Newest Exports Targeting China

Daily GPI
Secretary of Energy Rick Perry in the last few days was making a pitch to export natural gas to the Middle East, opening up...

More in Infrastructure...



Cost of California Carbon Credits Likely to Increase, Study Says

Daily GPI
California's much-debated cap-and-trade carbon emissions program, now extended to 2030, could experience significant price spikes for the carbon credits over the next 12 years, according to a recent discussion paper by The Brattle Group.

Mexico Cancels Second Pemex Deepwater Farmout

The Mexican upstream regulator has called off what would have been the second deepwater farmout by Petroleos Mexicanos because of a lack of interest, while also authorizing the state-owned producer to carry out additional exploration work on the project.

Perry Gives FERC Another 30 Days to Consider NOPR Request

Daily GPI
Department of Energy Secretary Rick Perry has granted FERC Chairman Kevin McIntyre's request for a one-month extension to study DOE's controversial notice of proposed rulemaking, despite the "urgency" of the proposal.

Ohio Regulators OK Second NatGas-Fired Power Plant Near Toledo

Daily GPI
The Ohio Power Siting Board (OPSB) has authorized Boston-based Clean Energy Future LLC to construct a 955 MW natural gas-fired power plant in Lucas County.

Activists Take Aim at Energy Development to Amend Ohio Constitution

Shale Daily
Frustrated by industry pushback and court defeats, two citizens’ rights groups are spearheading ballot initiatives in Ohio to amend the state constitution in a way that would better guarantee local governments’ ability to regulate hydraulic fracturing (fracking) and related activities.

In First Act as FERC Chair, McIntyre Asks for NOPR Extension

Daily GPI
Hours after being sworn in as FERC chair on Thursday, Kevin McIntyre sent a letter to Department of Energy Secretary Rick Perry, asking for another month to study the controversial notice of proposed rulemaking, which faces a Monday deadline.

More in Regulatory...


NGI's Bidweek Alert Day 5 - November 30 for December 2017
For more detailed information please download the Excel data file
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 --
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 -- --
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 -- --
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
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
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 -- --
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.30 to 3.32 --
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 --
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.