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Oyster Creek Nuke Retires; Gas Demand Set to Grow as Wave of Retirements Planned by 2023
Daily GPI
Oyster Creek Nuke Retires; Gas Demand Set to Grow as Wave of Retirements Planned by 2023

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September 18, 2018

Markets

October Natural Gas Called Slightly Higher as HDDs Build in Outlook

Daily GPI
The October natural gas futures contract was trading about 0.7 cents higher at around $2.821 shortly after 8 a.m. ET Tuesday as forecasters pointed to glimpses of fall heating demand showing up in the outlook toward the end of the month.

Florence Impact Felt in Flooding, but Natural Gas Mostly Spared; Futures, Cash Gain

Daily GPI
Both natural gas futures and physical markets bounced back Monday after posting discounts heading into the weekend, with prices getting a boost from lingering September heat and demand impacts from former Hurricane Florence that proved less extensive than previously predicted. The NGI National Spot Gas Average picked up 18 cents on the day to $2.72/MMBtu.

Vitol Nabs 15-Year LNG Supply Agreement with Cheniere

Daily GPI
As Vitol Inc. extends its global commodities reach with natural gas exports, the Swiss trader has inked a 15-year contract with Houston’s Cheniere Energy Inc. for 70,000 metric tons/year.

Florence Demand Impacts Seen Lighter Than Predicted as October Natural Gas Called Higher

Daily GPI
With the natural gas demand impacts from former Hurricane Florence’s destruction in the Carolinas appearing less pronounced than previously predicted, shortly before 9 a.m. ET the October futures contract was trading about 2.1 cents higher Monday morning at around $2.788/MMBtu.
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Weekly Natural Gas Spot Market Weakens as Shoulder Season Sets In

NGI Weekly Gas Price Index
Even with some lingering hot weather, natural gas spot prices generally moved lower for the week ended Sept. 14 as markets watched for impacts from the latest round of tropical weather. The NGI Weekly National Spot Gas Average fell 11 cents to $2.60/MMBtu.
Projected-End-of-Season-EIA-Lower-48-Natural-Gas-Storage-vs-Five-Year-Range-20180914

Natural Gas Demand in Florence’s Path of Destruction as Futures, Spot Prices Fall

Daily GPI
The prospect of demand destruction from Hurricane Florence as it hammered the Carolinas Friday helped send natural gas futures lower, although not enough to break below the recent trading range.

More in Markets...

E&P

Monthly-Bakken-NatGas-Production-vs-Percentage-of-Gas-Captured-20180917.png

North Dakota Sets All-Time Crude Output Record; Natural Gas a Record, Too

Shale Daily
North Dakota set production records for crude oil and natural gas in July, but gas storage programs are on the to-do list to curb flaring and increase gas captured at the wellhead.

Natural Gas Production From Key U.S. Plays to Surpass 73 Bcf/d in October, Says EIA

Shale Daily
Production from the seven most prolific U.S. onshore unconventional plays -- the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations -- in October will continue an upward swing that began 22 months ago, with natural gas output forecast to reach 73.01 Bcf/d and oil an estimated 7.59 million b/d, according to the U.S. Energy Information Administration (EIA).

Shell Releases Canadian West Coast Offshore Drilling Rights

Daily GPI
Shell Canada Ltd. courted favor in environmentally sensitive British Columbia on Thursday by surrendering about 50,000 square kilometers (19,300 square miles) of offshore drilling rights to the federal government.
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E&P ‘Specialists’ Finding Value in Smaller Focus, but For How Long?

Shale Daily
Oil and natural gas production specialization, i.e. focusing on one area or play, is enabling operators in...

Domestic Onshore Drilling Permits Gain in August, Slow Down in Early September

Shale Daily
A total of 4,389 permits to drill in the U.S. onshore were filed by operators during August, up 22% from July and nearly one-third higher from a year ago, according to data compiled by Evercore ISI.
Monthly-Permian-Production-of-Crude-Oil-and-Rig-Count-20180913.png

Ring Energy Boosts Permian Capex Almost 25% to Upgrade CBP, Delaware Infrastructure

Shale Daily
Permian Basin explorer Ring Energy Inc. has increased its capital spending for 2018 by nearly 25% as...

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Infrastructure

New-Jersey-Electricity-Generation-20180917

Oyster Creek Nuke Retires; Gas Demand Set to Grow as Wave of Retirements Planned by 2023

Daily GPI
When the Oyster Creek nuclear reactor shutters its doors for the last time on Monday, it will be the first...

NTSB Investigating Natural Gas Flow Regulator as Potential Culprit in Massachusetts Tragedy

Daily GPI
Columbia Gas of Massachusetts on Sunday said it would “completely replace” the natural gas distribution system in the Merrimack Valley after a series of explosions and fires last Thursday killed one man and damaged or destroyed around 80 structures.

López Obrador, Advisers Sending Mixed Signals on Energy Policy

Mexican President-Elect Andrés Manuel López Obrador and his chief of staff are sending conflicting messages on energy policy, a recurring theme throughout the campaign that has continued since the former’s landslide July 1 election.
sdbaker0914

More Oil Rigs Raised in U.S Onshore as Count Pushes Higher

Shale Daily
The United States netted seven rigs -- all of them oil-directed -- for the week ended Sept. 14, including gains in Louisiana, Colorado...
Location-of-Massachusetts-Gas-Explosions-20180914

Natural Gas Explosions, Fires Under Investigation in Three Massachusetts Towns

Daily GPI
Federal and state investigators converged in Massachusetts Friday after at least one man was killed and up to 25 people were injured late Thursday when a series of unexplained natural gas explosions in the Merrimack Valley served by Columbia Gas damaged dozens of buildings and caused mass evacuations.

Pennsylvania Lawmakers Renew Calls to Halt ETP’s Mariner East After Pipe Explosion

Daily GPI
Pennsylvania lawmakers on both sides of the aisle are again airing concerns this week about natural gas pipeline projects, calling on Energy Transfer Partners LP to halt construction of the Mariner East 2 and 2X projects, after a gathering system in the western part of the state exploded on Monday.

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Regulatory

2017-Transparency-International-Corruption-Perception-Index-20180917

Mexico, Energy Sector Face Uphill Battle Against Corruption, Study Finds

Corruption is becoming “normalized” in Mexican society, a trend driven in part by the energy sector, according to new research.
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ACP Construction to Restart After FERC Lifts Stop Work Order

Daily GPI
FERC on Monday lifted a stop work order it issued more than a month ago for the Atlantic Coast Pipeline, clearing the way for construction to restart along the 600-mile route.

Congress Sends $147.5B Minibus to Trump, Still Working on Interior/EPA Bill

Daily GPI
Congress sent a $147.5 billion "minibus" package that includes funding for the Energy Department and the Army Corps of Engineers to President Trump's desk for his signature, but lawmakers are still scrambling to pass appropriations for the Interior Department and the Environmental Protection Agency.

FERC Issues Draft EIS for Tellurian’s Driftwood LNG

Daily GPI
FERC has issued a draft environmental impact statement (DEIS) for the Driftwood LNG project, which calls for construction and operation of a 26 million metric ton/year liquefied natural gas export facility near Lake Charles, LA, and a 96-mile pipeline connecting the facility to interstate pipelines.

Pennsylvania Regulators Urged to Deny Air Permit Exemptions for Shell Pipeline

Daily GPI
Seven organizations have filed a joint protest with the Pennsylvania Department of Environmental Protection strongly urging the agency to deny air permit exemptions that Shell Pipeline Co. LP has requested for its Falcon Ethane Pipeline System, which is being developed to feed the multi-billion dollar cracker under construction in the state.

Colorado Governor Asks BLM to Reduce Scope of December Oil, Gas Auction

Shale Daily
Colorado Gov. John Hickenlooper and Sen. Michael Bennet have asked the U.S. Bureau of Land Management to reduce the size and scope of an oil and gas lease sale scheduled for December in the southwest corner of the state that includes greater sage grouse habitat.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - August 31st for September 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 -- -0.125 to -0.12
Texas Eastern S. TX -- 0.01 to 0.0225
Transco Zone 1 -- -0.05 to -0.04
East Texas
Carthage -- -0.155 to -0.135
Houston Ship Channel 2.94 to 2.95 0.085 to 0.10
Katy -- 0.07 to 0.07
NGPL TexOk -- -0.17 to -0.135
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.08 to -0.08
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.37 to 1.87 --
Transwestern 1.40 to 1.47 --
Waha 1.20 to 1.35 --
Midwest
Alliance -- -0.185 to -0.185
ANR ML7 -- --
Chicago Citygate 2.70 to 2.79 --
Chicago - Nicor Gas 2.70 to 2.79 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.71 to 2.76 --
Consumers Energy -- 0.00 to 0.0075
Dawn 2.88 to 2.97 -0.015 to 0.0175
Emerson -- -0.18 to -0.16
Joliet -- -0.185 to -0.185
Lebanon -- --
Michigan Consolidated 2.87 to 2.87 -0.045 to -0.01
NGPL Amarillo Mainline -- --
Parkway/Union -- 0.015 to 0.015
REX into ANR - Shelby -- -0.17 to -0.1625
REX into MGT - Edgar -- -0.165 to -0.165
REX into NGPL - Moultrie -- -0.1675 to -0.165
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.22 to 2.22 -0.67 to -0.62
Enable East -- -0.26 to -0.23
Enable West -- --
NGPL Midcontinent 2.22 to 2.24 --
Northern Border Ventura -- --
Northern Natural Demarc 2.64 to 2.75 --
Northern Natural Ventura 2.65 to 2.75 --
OGT 1.56 to 1.56 -1.35 to -1.33
Panhandle Eastern -- -0.68 to -0.65
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.125
Trunkline Zone 1A -- -0.165 to -0.1575
South Louisiana
ANR SE -- -0.12 to -0.115
Columbia Gulf Mainline -- -0.1375 to -0.13
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- --
Henry Hub -- 0.0025 to 0.0025
Southern Natural -- -0.065 to -0.055
Tennessee Line 500 -- -0.0625 to -0.06
Tennessee Line 800 -- -0.08 to -0.0775
Texas Eastern E. LA -- -0.075 to -0.075
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.04 to -0.0325
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- -0.09 to -0.09
Transco Zone 4 -- -0.035 to -0.025
Transco Zone 5 -- 0.03 to 0.07
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.03 to 0.07
Appalachia
Columbia Gas -- -0.25 to -0.215
Dominion North -- -0.43 to -0.4275
Dominion South -- -0.46 to -0.375
Leidy Hub -- --
Millennium East Pool -- -0.50 to -0.46
Tenn Zone 4 200L -- -0.21 to -0.19
Tennessee Zn 4 313 Pool -- -0.28 to -0.28
Tennessee Zn 4 Marcellus -- -0.525 to -0.48
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.45 to -0.40
Texas Eastern M-3, Delivery -- -0.35 to -0.28
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.44 to -0.415
Northeast
Algonquin Citygate -- 0.05 to 0.08
Algonquin Citygate (non-G) -- 0.05 to 0.08
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.03 to 0.04
Iroquois, Waddington -- 0.00 to 0.05
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.02 to 0.02
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.23 to -0.20
Transco Zone 6 non-NY North -- -0.23 to -0.20
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- --
Rocky Mountains
Cheyenne Hub 2.26 to 2.28 --
CIG 2.22 to 2.23 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.14 to 2.17 --
Kern River 2.26 to 2.31 --
Kingsgate 2.15 to 2.15 --
Northwest S. of Green River 2.17 to 2.18 --
Northwest Sumas 2.00 to 2.15 --
Northwest Wyoming Pool -- --
Opal 2.27 to 2.38 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.15 to 2.19 --
White River Hub 2.25 to 2.25 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.10 to 3.10 --
California
Malin 2.34 to 2.40 --
PG&E Citygate 3.17 to 3.21 --
SoCal Citygate 4.67 to 5.52 --
Southern Border, PG&E 2.20 to 2.28 --
Southern Border, SoCal 2.24 to 2.98 --
SoCal Border Avg. 2.24 to 2.98 --
Canada
Empress -- --
NOVA/AECO C 0.74 to 1.15 --
Westcoast Station 2 0.91 to 1.00 --
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.