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Centennial's Papa Sees Permian Output From Delaware Climbing 72% Per Year to 2020
Shale Daily
Centennial's Papa Sees Permian Output From Delaware Climbing 72% Per Year to 2020

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March 24, 2017

Markets

Traders See Market as Long-Term Buy, Yet April Called 2 Cents Lower

Daily GPI
April natural gas is set to open 2 cents lower Friday morning at $3.03 as traders view the market as slightly overbought and little in the way of supportive weather is seen on the horizon. Overnight oil markets rose.
EIAStorage0323

NatGas Cash Sags, But Futures Bulls Grab The Reins Following EIA Storage Data

Daily GPI
Physical natural gas for delivery Friday traded lower Thursday as traders scurried to get their deals done before the release of Energy Information Administration inventory data.

Major LNG Buyers Join Forces For Better, More Flexible Terms

Daily GPI
Three top global liquefied natural gas (LNG) buyers have agreed to cooperate in the “joint procurement of LNG” as global LNG consumers continue to seek more flexible contract terms and favorable prices.
EIAStorage0323

April NatGas Futures Waffle Lower Following On-Target Storage Stats

Daily GPI
Natural gas futures were tentative Thursday immediately after the Energy Information Administration reported a storage withdrawal that was what the market was expecting.

Mega-Storage Draw On Tap; April Called 3 Cents Higher

Daily GPI
April natural gas is set to open 3 cents higher Thursday morning at $3.04 in advance of government figures that are expected to show usage to be well above historical norms. Overnight oil markets were mixed.
Storage-Snapshot-Wide0322

NatGas Cash, Futures Race Each Other Lower; April Sheds 8 Cents

Daily GPI
In a sharp reversal, physical natural gas for Thursday delivery fell hard and fell often in Wednesday trading. One point followed by NGI was unchanged, and most points outside the Northeast fell about a dime.

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E&P

Report Finds Mixed Sentiments For Global Oil/Gas Labor Market

Daily GPI
While a difference of opinion is evident between oil and gas industry managers and employees, signs of optimism and a recovery are reflected in the first Global Energy Talent Index report released Thursday by two international energy job services companies.

Mammoth Secures More Frack Sand With Chieftain Acquisition

Shale Daily
Two days after Mammoth Energy Services Inc. snapped up key onshore oilfield assets, including a major sand supplier, the Oklahoma City-based company on Thursday picked up substantially all of the assets of Chieftain Sand and Proppant LLC for $35.25 million.
Map-of-STACK-Operators-by-Focus-Area-20170323

Gastar Stacking It Higher in the STACK

Shale Daily

Gastar Exploration Inc. has acquired additional working and net revenue interests in 66 gross (9.5 net) producing wells and 5,670 net acres of additional STACK oil and gas leasehold in Kingfisher County, OK.

NGI-Permian-Sub-Basin-Rig-Counts-20170323

Centennial's Papa Sees Permian Output From Delaware Climbing 72% Per Year to 2020

Shale Daily
Permian Basin pure-play Centennial Resource Development Inc., which under the tutelage of former EOG Resources Inc. chief Mark Papa...

Trican Builds Western Canadian OFS Reach in Friendly Merger with Canyon Services

Shale Daily
Trican Well Service Ltd., already one of Western Canada's largest pressure pumpers, is combining in a friendly merger with Canyon Services Group Inc. to improve efficiencies and respond to an evolving oil and natural gas market.

Enbridge Cutting Workforce in Realignment After Spectra Acquisition

Daily GPI
Calgary-based Enbridge Inc. said Wednesday it would take "the difficult but necessary step" to eliminate 1,000 jobs company-wide in order to reduce the duplicative positions that emerged after it acquired Houston-based Spectra Energy Corp.

More in E&P...

Infrastructure

Aliso Remains Under Siege by Area Residents, Local Officials

Daily GPI
California's largest underground natural gas storage facility north of Los Angeles on Tuesday continued to be lambasted by residents and local government officials who told a state legislative hearing in Sacramento that the facility is unsafe, still leaks constantly and is the cause of continuing health problems for nearby residents of an upscale housing development.

KMI Signs Shippers for Remaining 22,000 b/d on Trans Mountain Expansion

Shale Daily
Kinder Morgan Inc. (KMI) has completed a supplemental open season for the remaining 22,000 b/d of capacity available on its planned Trans Mountain crude pipeline expansion in Canada, the company said Wednesday.
Proposed-Gulf-Coast-Express-Pipeline-20170322

Kinder Proposing Permian-to-Gulf Coast NatGas Pipeline

Daily GPI
Kinder Morgan Texas Pipeline LLC is holding a nonbinding open season through April 20 for firm service on its proposed Gulf Coast Express Pipeline, which would provide an outlet for production from the Permian Basin to markets along the Texas Gulf Coast.
Proposed-Trans-Pecos-Pipeline-Map-2015072711

Texas-to-Mexico Trans-Pecos Pipeline Entering Service March 31

Daily GPI
Trans-Pecos Pipeline LLC on Wednesday asked FERC for permission to place into service the natural gas pipeline project’s Presidio Crossing. The Trans-Pecos system is slated to come online March 31, according to a company spokeswoman.

VA Conservation Agency Details More Conditions For Atlantic Coast Pipeline

Daily GPI
A Virginia conservation agency is proposing a set of conditions for the Atlantic Coast Pipeline (ACP) as the project looks to cross several easements under the agency’s watch.
newmarket20170321

FERC Gives Dominion Permission to Start Building New Market Project

Daily GPI

Nearly three years after Dominion Transmission Inc. first filed to build the New Market Project in upstate New York, FERC has given the company permission to begin its construction.

More in Infrastructure...

Regulatory

State Department Will Approve Keystone XL, Reports Say

Shale Daily

Two senior officials within the Trump administration said the State Department will recommend approval of TransCanada Corp.'s controversial Keystone XL (KXL) crude oil pipeline, removing one of the remaining barriers to the project's completion, according to reports.

Federal Judge Dismisses Claim of FERC NatGas Bias

Daily GPI

A federal judge on Wednesday dismissed a lawsuit filed by the Delaware Riverkeeper Network (DRN) that had alleged FERC is "structurally biased" toward approving natural gas pipeline projects because of the fees it collects from the industry.

House Democrat Wants Zinke to Testify on Interior's Budget

Shale Daily

The ranking member of the House Committee on Natural Resources urged the committee's chairman to have Department of Interior (DOI) Secretary Ryan Zinke testify before the panel "as soon as possible" following President Trump's proposed $1.5 billion budget cut to DOI.

Spectra-Energy-Atlantic-Bridge-Project-20151023-11-1

NatGas Pipeline Protesters Still Hammering FERC Over Lack of Quorum

Daily GPI
Pipeline opposition groups continue to cite FERC's lack of a quorum in procedural arguments as they seek to stall...

Revised Idaho Bill to Revamp Oil, Gas Rules Facing Deadline

Shale Daily

A revised bill to rewrite oil/natural gas rules in Idaho may be running out of time as the state’s legislature is scheduled to adjourn on Friday.

New Jersey Senators Tell FERC to Investigate Arsenic Concerns from PennEast Pipeline

Shale Daily
U.S. Sens. Cory Booker (D-NJ) and Robert Menendez (D-NJ) have asked FERC to investigate concerns raised by several federal agencies over the proposed PennEast natural gas pipeline, including the risk of possible arsenic contamination.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - Feb. 28 for March 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- -0.02 to -0.02
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.16 to -0.1325
Texas Eastern S. TX -- -0.12 to -0.095
Transco Zone 1 -- -0.09 to -0.09
East Texas
Carthage -- -0.1375 to -0.125
Houston Ship Channel 2.50 to 2.58 -0.08 to -0.07
Katy 2.54 to 2.55 --
NGPL TexOk 2.47 to 2.51 -0.14 to -0.05
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.15 to -0.15
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.21 to 2.30 -0.27 to -0.27
Transwestern 2.24 to 2.26 --
Waha 2.29 to 2.29 --
Midwest
Alliance 2.80 to 2.80 -0.02 to -0.02
ANR ML7 -- --
Chicago Citygate 2.49 to 2.65 -0.06 to 0.06
Chicago - Nicor Gas 2.60 to 2.65 -0.06 to 0.06
Chicago - NIPSCO 2.49 to 2.57 --
Chicago - North Shore -- --
Chicago - Peoples 2.53 to 2.64 --
Consumers Energy -- -0.0175 to 0.0125
Dawn 2.73 to 2.84 0.1725 to 0.21
Emerson -- -0.33 to -0.27
Joliet 2.80 to 2.80 -0.02 to -0.02
Lebanon -- -0.16 to -0.1025
Michigan Consolidated 2.57 to 2.68 -0.0075 to 0.055
Parkway/Union -- 0.215 to 0.215
Midcontinent
ANR SW 2.30 to 2.31 -0.275 to -0.24
Enable East 2.38 to 2.38 -0.26 to -0.215
Enable West -- -0.20 to -0.20
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.27 to 2.37 -0.30 to -0.26
Northern Border Ventura -- --
Northern Natural Demarc 2.46 to 2.53 --
Northern Natural Ventura 2.40 to 2.49 --
OGT 2.26 to 2.31 --
Panhandle Eastern 2.29 to 2.33 -0.33 to -0.26
Southern Star 2.26 to 2.33 -0.33 to -0.33
North Louisiana/Arkansas
Perryville -- -0.125 to -0.105
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.14 to -0.12
Trunkline Zone 1A -- -0.1325 to -0.1075
South Louisiana
ANR SE -- -0.1275 to -0.095
Columbia Gulf Mainline -- -0.14 to -0.12
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- -0.065 to 0.01
Henry Hub -- -0.0075 to 0.005
Southern Natural -- -0.11 to -0.08
Tennessee Line 500 2.55 to 2.55 -0.12 to -0.07
Tennessee Line 800 -- -0.13 to -0.10
Texas Eastern E. LA -- -0.15 to -0.09
Texas Eastern W. LA -- -0.1125 to -0.1125
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.09 to -0.065
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.06 to 0.00
Texas Eastern M-1, 30 -- -0.14 to -0.14
Transco Zone 4 -- -0.08 to -0.05
Transco Zone 5 -- 0.0075 to 0.05
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0075 to 0.05
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.2575 to -0.22
Dominion North -- -0.66 to -0.54
Dominion South 1.99 to 2.11 -0.62 to -0.465
Leidy Hub -- --
Millennium East Pool 1.95 to 1.95 -0.71 to -0.66
Tenn Zone 4 200L -- -0.42 to -0.3975
Tennessee Zn 4 313 Pool -- -0.60 to -0.51
Tennessee Zn 4 Marcellus 1.95 to 1.95 -0.78 to -0.70
Texas Eastern M-2, 30 Delivery -- -0.59 to -0.525
Texas Eastern M-2, 30 Receipt 1.95 to 1.95 -0.62 to -0.50
Texas Eastern M-3, Delivery 2.20 to 2.23 -0.475 to -0.37
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 1.92 to 2.01 -0.76 to -0.60
Northeast
Algonquin Citygate -- 0.65 to 0.70
Algonquin Receipts -- --
Dracut -- --
Iroquois Zone 2 -- 0.35 to 0.37
Iroquois, Waddington -- 0.26 to 0.33
Niagara -- -0.30 to 0.00
Tenn Zone 5 200L -- -0.26 to -0.26
Tenn Zone 5 300L 1.75 to 1.76 --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.405 to -0.29
Transco Zone 6 non-NY North -- -0.405 to -0.29
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 2.40 to 2.45 -0.27 to -0.15
Rocky Mountains
Cheyenne Hub 2.27 to 2.31 --
CIG 2.25 to 2.33 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.27 to 2.33 --
Kern River 2.25 to 2.37 --
Kingsgate 2.30 to 2.30 --
Northwest S. of Green River 2.20 to 2.29 --
Northwest Sumas 2.06 to 2.26 --
Northwest Wyoming Pool 2.30 to 2.30 --
Opal 2.25 to 2.37 --
Questar 2.27 to 2.27 --
Stanfield -- --
Transwestern San Juan 2.32 to 2.35 --
White River Hub 2.27 to 2.33 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.29 to 2.41 --
PG&E Citygate 2.96 to 3.03 --
SoCal Citygate 2.65 to 2.77 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.39 to 2.45 --
SoCal Border Avg. 2.39 to 2.45 --
Canada
Empress 2.17 to 2.36 --
NOVA/AECO C 2.07 to 2.25 --
Westcoast Station 2 1.70 to 1.92 --