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NatGas Production Keeping Storage Development At Bay -- Even As Demand Grows
Daily GPI
NatGas Production Keeping Storage Development At Bay -- Even As Demand Grows

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October 18, 2017

Markets

Camerons Corner Image1013

NatGas Cash, Futures Tumble; November Retreats 11 Cents

Daily GPI
Physical natural gas for Thursday delivery and futures raced each other lower by double digits Wednesday as traders had to digest ongoing warmth and a stiff commensurate loss in heating load. In physical trading all points but one suffered declines with California, West Texas and Appalachia falling by double digits. The NGI National Spot Gas Average dropped 7 cents to $2.59.
Henry-Hub-Spot-Prices-During-Hurricanes-Katrina-Rita-Wilma-and-Harvey-20171018 (1)

Harvey A Harbinger of Global LNG Market Disruptions, Says IEA

Daily GPI
Global natural gas markets are well supplied, but the transformation from regional systems to interdependent markets is creating security challenges, including on the U.S. Gulf Coast, the International Energy Agency said in an annual assessment.

Moderate Weather Continues Its Market Grip; November Called 5 Cents Lower

Daily GPI
November natural gas is set to open 5 cents lower Wednesday morning at $2.91 as weather models continue to call for ongoing warmth in key energy markets. Overnight oil markets rose.

NatGas Cash Drops A Penny, Futures Rise 2 Cents In Slow Trading

Daily GPI
It was a contest Tuesday to see whether natural gas cash or futures would take the crown of most lethargic. Declines in Appalachia, the Northeast, and California were met head on with firm pricing in Texas, Louisiana, and steady quotes in the Midwest and Midcontinent. The NGI National Spot Gas Average fell a penny to $2.66.

AGA Predicting Colder Winter, 3% Increase in Residential NatGas Demand

Daily GPI
Residential customers should expect an average 5% increase on their natural gas bills this winter as colder weather leads to higher demand and prices, the American Gas Association (AGA) said Tuesday.

Weather Models Cooling; November Called 6 Cents Higher

Daily GPI
November natural gas is set to open 6 cents higher Tuesday morning at $3.01 as weather models insert cooler temperatures in the latter stages of the near-term forecast. Overnight oil markets rose.

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E&P

Foothills Acquires Stakes in Two EOG-Operated Uinta Wells

Shale Daily
Foothills Exploration Inc. has acquired a 21% working interest in a pair of horizontal wells in Utah’s Uinta Basin from an undisclosed party. Financial terms of the deal were not disclosed.

U.S. E&P Dealmaking Slows, Even in Permian, as Private Equity Fills Void

Shale Daily
U.S. upstream dealmaking slowed significantly during the third quarter, with transaction value falling to only $8 billion after a total of $86 billion in the previous four quarters, 1Derrick reported Wednesday.

Alfa Still Eyeing Sale of Newpek’s Eagle Ford Assets

Monterrey, Mexico-based industrial conglomerate Alfa is continuing to explore sale options for the U.S. assets of upstream oil and gas unit Newpek LLC, the company said Tuesday during a presentation of third quarter 2017 results.
Monthly-WTI-and-Brent-Crude-Oil-Spot-Prices-20171018

Destination China for Continental’s Bakken Volumes

Shale Daily
Continental Resource Inc. has sold its first-ever Bakken Shale crude oil for overseas delivery, with more than...
Haynesville-Shale-Rig-Count-by-County-Parish-20171017-v2

Haynesville’s NatGas Rig Count, Proppant Intensity Surging

Shale Daily
The Haynesville Shale redux continues, with the natural rig count sharply higher from a year ago and proppant intensity...

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Infrastructure

ExxonMobil Lassos Permian Terminal to Corral Delaware Crude

Shale Daily
ExxonMobil Corp. has snapped up its first crude oil terminal in West Texas within the Permian Basin to anchor its growing position in the Delaware formation.
Annual-Ratio-of-US-Dry-NatGas-Production-to-Working-NatGas-Underground-Storage-Capacity-20171018

NatGas Production Keeping Storage Development At Bay -- Even As Demand Grows

Daily GPI
Even as the United States faces years of structural natural gas demand growth ahead, particularly in the form of liquefied natural gas...

NatGas Playing Major Role in Renewable Energy Growth Across Western States, Say Experts

Daily GPI
Kinder Morgan Inc.’s Will Brown, vice president of business management for the western region gas pipeline business, likes to tell customers his company is focused not just on transporting natural gas, but making sure it’s delivered reliably.

ExxonMobil Polyethylene Lines in Mont Belvieu Begin Production

Shale Daily
Buoyed by onshore stores of natural gas, ExxonMobil Chemical Co. has ramped up production on the first of two 650,000 ton/year high-performance polyethylene lines at its plastics plant at the giant liquids hub in Mont Belvieu, TX.
Daily-SoCalGas-NatGas-Storage-Inventory-20171017

Aliso Canyon Leak’s Root Cause A Waiting Game

Daily GPI
A three-part study into the root cause of the well failure that resulted in the largest methane leak ever at the Aliso Canyon underground storage facility continues to move slowly on separate tracks and with little public attention.

Southern Selling Two NatGas Utilities to SJI for $1.7B

Daily GPI
Southern Company announced Monday that it has reached a deal to sell its Elizabethtown Gas and Elkton Gas affiliates to South Jersey Industries for $1.7 billion.

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Regulatory

FERC Chair Chatterjee Vows Quicker NatGas Pipeline Permitting Process

Daily GPI
FERC Chairman Neil Chatterjee said he wants to see the Commission significantly reduce its review process for natural gas pipelines, and described the Department of Energy (DOE) proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators as "a conversation we need to have.

California Investigating PG&E Maintenance in Sonoma, Napa Counties

Daily GPI
The California Public Utilities Commission (CPUC) has opened a probe into whether infrastructure maintenance in Sonoma and Napa counties by Pacific Gas & Electric Corp. (PG&E) played a role in the wildfires.

Michigan Regulators Notify Rover of Contaminated Discharge

Shale Daily
Rover Pipeline LLC construction activities in Washtenaw County, MI, may be partially to blame for petroleum-laced water being discharged into nearby wetlands, according to the Michigan Department of Environmental Quality (MDEQ).

LaFleur Says FERC Powerless to Extend Deadline for DOE Grid Reliability Proposal

Daily GPI
FERC Commissioner Cheryl LaFleur said commissioners didn't believe they had the authority to extend the public comment period over the Department of Energy's (DOE) recent proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators.

Colorado Proposes Operators Test, Monitor Low-Pressure Oil, Gas Flowlines

Shale Daily
Colorado regulators have published draft rules for oil and natural gas flowlines that would no longer exempt operators from pressure testing and monitoring low-pressure pipelines, as is currently required for larger diameter systems.

Brief -- NRG Energy

Daily GPI

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - September 29 for October 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 -- -0.095 to -0.09
Tennessee Zone 0 South -- -0.1725 to -0.165
Texas Eastern S. TX -- -0.1075 to -0.1025
Transco Zone 1 -- -0.105 to -0.0975
East Texas
Carthage -- -0.13 to -0.12
Houston Ship Channel -- -0.11 to -0.09
Katy -- --
NGPL TexOk 2.74 to 2.75 -0.17 to -0.165
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.135 to -0.135
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.37 to 2.45 --
Transwestern 2.39 to 2.41 --
Waha 2.42 to 2.45 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.80 to 2.84 --
Chicago - Nicor Gas -- --
Chicago - NIPSCO 2.80 to 2.84 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.12 to -0.11
Dawn 2.77 to 2.85 -0.0975 to -0.065
Emerson 2.40 to 2.40 -0.53 to -0.51
Joliet -- --
Lebanon -- -0.20 to -0.19
Michigan Consolidated 2.77 to 2.82 -0.15 to -0.14
NGPL Amarillo Mainline 2.64 to 2.68 --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.195 to -0.195
REX into NGPL - Moultrie -- -0.22 to -0.20
REX into PEPL - Putnam -- -0.205 to -0.205
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.53 to 2.58 -0.41 to -0.365
Enable East -- -0.2325 to -0.21
Enable West -- --
NGPL Midcontinent 2.60 to 2.63 -0.35 to -0.35
Northern Border Ventura -- --
Northern Natural Demarc 2.66 to 2.72 --
Northern Natural Ventura 2.66 to 2.71 --
OGT 2.35 to 2.35 --
Panhandle Eastern 2.44 to 2.53 -0.4775 to -0.45
Southern Star -- -0.47 to -0.47
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.145 to -0.135
Trunkline Zone 1A -- -0.15 to -0.1375
South Louisiana
ANR SE -- -0.135 to -0.12
Columbia Gulf Mainline -- -0.14 to -0.13
Columbia Gulf onshore -- -0.11 to -0.10
Florida Gas Zone 2 -- --
Henry Hub -- -0.0075 to -0.005
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.0875
Tennessee Line 800 -- -0.1025 to -0.095
Texas Eastern E. LA -- -0.115 to -0.105
Texas Eastern W. LA -- -0.095 to -0.095
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0625 to -0.06
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0325 to -0.03
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- 0.00 to 0.02
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.00 to 0.02
Appalachia
Columbia Gas -- -0.28 to -0.19
Dominion North -- -1.90 to -1.88
Dominion South -- -1.91 to -1.75
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -1.53 to -1.485
Tennessee Zn 4 313 Pool -- -1.65 to -1.54
Tennessee Zn 4 Marcellus -- -2.02 to -1.96
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.94 to -1.875
Texas Eastern M-3, Delivery -- -1.83 to -1.73
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.9625 to -1.85
Northeast
Algonquin Citygate -- -0.42 to -0.32
Algonquin Citygate (non-G) -- -0.42 to -0.32
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.32 to -0.32
Iroquois, Waddington -- -0.25 to -0.25
Niagara -- -1.48 to -1.25
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.34 to -0.34
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.735 to -0.50
Transco Zone 6 non-NY North -- -0.735 to -0.50
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.72 to -0.605
Rocky Mountains
Cheyenne Hub 2.46 to 2.49 --
CIG 2.47 to 2.48 --
CIG DJ Basin -- --
El Paso Bondad 2.41 to 2.41 --
El Paso non-Bondad 2.39 to 2.40 --
Kern River 2.47 to 2.48 --
Kingsgate -- --
Northwest S. of Green River 2.44 to 2.44 --
Northwest Sumas 2.30 to 2.42 --
Northwest Wyoming Pool 2.45 to 2.45 --
Opal 2.47 to 2.52 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.40 to 2.44 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.58 to 2.59 --
California
Malin 2.56 to 2.59 --
PG&E Citygate 3.12 to 3.18 --
SoCal Citygate 2.90 to 3.03 --
Southern Border, PG&E 2.56 to 2.56 --
Southern Border, SoCal 2.53 to 2.65 --
SoCal Border Avg. 2.53 to 2.65 --
Canada
Empress 2.00 to 2.63 --
NOVA/AECO C 0.91 to 1.45 --
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.