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Alaska's Cook Inlet Set For First Oil, Natural Gas Auction Since 2008
Daily GPI
Alaska's Cook Inlet Set For First Oil, Natural Gas Auction Since 2008

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May 22, 2017

Markets

Futures Ready to Test Upper Trading Range Limits; June Called 5 Cents Higher

Daily GPI
June natural gas is set to open 5 cents higher Monday morning at $3.31 as traders digest a variable weather forecast and consider short hedges. Overnight oil markets rose.
EIAStorage0518

Weekly NatGas Cash Inches Its Way To $3, Yet Futures Post Ominous Decline

NGI Weekly Gas Price Index
It was a struggle, but for the week ended May 19, weekly natural gas finally huffed and puffed its way to $3 with individual market points generally trading within a nickel of unchanged. A spring heat wave in New England provided much of the impetus for prices to clear the $3 barrier, and the NGI Weekly Spot Gas Average rose 3 cents to $3.00.

Northeast Losses Offset Broader Market Gains; NatGas Futures Add 7 Cents

Daily GPI
Prices eased for weekend and Monday physical natural gas deliveries, with weather-driven moderation at Northeast, Southeast, and Appalachia points staving off strong pricing in Texas, the Midwest, and Louisiana. The NGI National Spot Gas Average lost two cents to $2.94.
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NatGas Forwards Post Dramatic Declines as May Expected to Close Out on Cool Side

Forward Look

Natural gas forward prices for June plunged by an average 24 cents between May 12 and 18 as forecasts for cooler weather for the rest of May took center stage, according to NGI Forward Look.

US-Domestic-Natural-Gas-Exports-by-Pipeline-and-Truck-20170518

Canadian Exports to United States Grew Last Year as Prices Fell, Data Shows

Shale Daily
U.S. importers bought more but paid less for Canadian natural gas last year, according to the 2016 annual trade record from the U.S. Department of Energy.

Bulls Ready to Buy; June Called 3 Cents Higher

Daily GPI
June natural gas is set to open 3 cents higher Friday morning at $3.21 as traders sense a buying opportunity following Thursday's bearish Energy Information Administration (EIA) storage report. Overnight oil markets rose.

More in Markets...

E&P

Pennsylvania-Quarterly-Production-and-Well-Counts-20170522-v2.png

Pennsylvania NatGas Production Posts First Quarter Increase

Shale Daily
Unconventional natural gas production in Pennsylvania continued to increase during the first quarter...

U.S. Energy Sector Secures Billions in Saudi Deals

Daily GPI
U.S. oil and natural gas operators inked deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.

Saudis Strike Landmark Deals with Who’s Who in U.S. Oil, Gas

Shale Daily

U.S. oil and natural gas operators secured deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.

Monthly-US-DUC-Count-at-Key-Production-Regions-20170522-v2.png

OFS In-Depth Part 1: Rising Costs May Lead to Volatile Oil, Natural Gas Production Growth

Shale Daily

While many producers have been expecting a rise in oilfield service (OFS) costs (including, but not limited to the cost of rigs, pressure pumping and transportation) of around 10-15% from 2016 levels, some analysts are saying actual costs in 2017 could come in more than 20% higher and up to 30% higher from 2016 levels in 2018.

PennTex-Midstream-Partners-Asset-Map-20170522

North Louisiana-Focused PennTex Midstream Mulling $20/Unit Energy Transfer Offer

Shale Daily
PennTex Midstream Partners LP, which has assets in North Louisiana, is reviewing an unsolicited cash offer from Energy Transfer Partners LP that would give the latter all of the outstanding PennTex common units it doesn’t already own.
SDBaker0521

U.S. Land Rigs Gain 14; NatGas Growth Not All Just About Northeast Plays

Shale Daily

Much is made of natural gas production growth from the Marcellus and Utica shales, but in a recent note, Societe Generale’s Breanne Dougherty reminded the industry that other basins are also important supply sources.

More in E&P...

Infrastructure

Consumers Energy Investing $440M for NatGas System Upgrades in Michigan

Daily GPI
Michigan's largest utility company, Consumers Energy, said on Monday that it would spend nearly $440 million this year to continue modernizing its natural gas system with projects to replace aging pipeline and meet growing demand in the state.

ExxonMobil Completes Texas Polyethylene Expansion

Daily GPI
ExxonMobil Chemical Co. has completed two high-performance polyethylene lines at its Mont Belvieu, TX, plastics plant. Production is expected to begin during the third quarter.

Sabal Trail Seeks FERC OK to Begin Service in Late May

Daily GPI

Sabal Trail Transmission LLC is seeking FERC authorization to place part of its 1.07 million Dth/d pipeline into service by the end of this month.

LNG Canada Seeking Export License Extension

Daily GPI

A top contender to make the delayed launch of Canadian liquefied natural gas (LNG) overseas exports is seeking permission to keep on trying for another five years.

Topolobampo-Pipeline-20170519

TransCanada Northwestern Mexico Pipeline to Be Finished This Year

Daily GPI

TransCanada Corp.’s El Encino-Topolobampo Pipeline project in northwestern Mexico is nearly complete with the exception of a “small portion” that was delayed by negotiations with indigenous people.

U.S. Bank Not Banking on New Natural Gas Pipelines

Daily GPI
Looking for capital to construct a natural gas pipeline? Don’t look to Minneapolis-based U.S. Bancorp, parent of U.S. Bank.

More in Infrastructure...

Regulatory

Former Louisiana Regulator Scott Angelle to Lead BSEE

Daily GPI
The Trump administration has appointed a former Louisiana regulator and political veteran to head the Department of Interior's Bureau of Safety and Environmental Enforcement.
Annual-California-Gas-Delivered-to-Customers-vs-In-State-Working-Gas-Storage-Capacity-20170522

California Opens Final Comment Period for Enhanced Gas Storage Rules

Daily GPI
California oil/natural gas field regulators on Friday opened a nearly two-month comment period for new regulations governing the operation of underground gas storage in the state. Final comments are due by the close of business July 13.

API Seeking Two-Year Delay of BLM Flaring, Venting Rule Compliance Dates

Daily GPI

One week after the Senate surprised the Trump administration by failing to pass a bill to repeal a rule governing flaring and venting of associated natural gas production on public and tribal lands, the American Petroleum Institute (API) asked the Department of Interior (DOI) to delay the rule's compliance dates by two years.

Unconventional-and-Conventional-Well-Drilling-Permits-Issued-20170519

Pennsylvania Shale Permits Hit Historic Lows in 2016; Expected to Bounce Back This Year

Shale Daily
Unconventional natural gas well drilling permits in Pennsylvania hit an eight year-low...

Appellate Court Grants Trump Administration Request to Delay Cases Over Methane Rules

Daily GPI

An appellate court granted the Trump administration's request to delay a series of lawsuits over proposed rules governing new sources of methane emissions from the oil and natural gas industry, giving the U.S. Environmental Protection Agency (EPA) more time to review the rules.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - Apr. 28 for May 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.19 to 3.20 --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.165 to -0.13
Texas Eastern S. TX -- -0.06 to -0.0325
Transco Zone 1 -- -0.095 to -0.085
East Texas
Carthage -- -0.16 to -0.13
Houston Ship Channel 3.10 to 3.12 --
Katy 3.11 to 3.20 --
NGPL TexOk 2.88 to 2.93 -0.22 to -0.02
Tennessee Zone 0 North -- -0.165 to -0.145
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.55 to 2.66 --
Transwestern 2.57 to 2.57 --
Waha 2.60 to 2.65 --
Midwest
Alliance -- --
ANR ML7 -- -0.12 to -0.045
Chicago Citygate 2.87 to 2.94 -0.18 to -0.16
Chicago - Nicor Gas 2.88 to 2.92 -0.18 to -0.16
Chicago - NIPSCO 2.87 to 2.93 --
Chicago - North Shore -- --
Chicago - Peoples 2.94 to 2.94 --
Consumers Energy -- -0.05 to -0.02
Dawn 3.21 to 3.26 0.115 to 0.165
Emerson -- -0.40 to -0.34
Joliet -- --
Lebanon -- -0.20 to -0.185
Michigan Consolidated 2.98 to 3.11 -0.065 to -0.035
NGPL Amarillo Mainline 2.75 to 2.82 --
Parkway/Union -- 0.12 to 0.1525
REX into ANR - Shelby -- -0.14 to -0.13
REX into MGT - Edgar -- -0.22 to -0.22
REX into NGPL - Moultrie -- -0.24 to -0.23
REX into PEPL - Putnam -- -0.225 to -0.225
REX into Trunk - Douglas -- -0.215 to -0.215
Midcontinent
ANR SW 2.60 to 2.66 -0.43 to -0.415
Enable East -- -0.2375 to -0.215
Enable West -- -0.25 to -0.25
NGPL Midcontinent 2.67 to 2.79 --
Northern Border Ventura 2.76 to 2.87 --
Northern Natural Demarc 2.75 to 2.86 --
Northern Natural Ventura 2.73 to 2.86 --
OGT 2.57 to 2.76 -0.49 to -0.47
Panhandle Eastern 2.58 to 2.69 -0.45 to -0.415
Southern Star 2.61 to 2.67 -0.485 to -0.485
North Louisiana/Arkansas
Perryville -- -0.105 to -0.105
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.1225
Trunkline Zone 1A 3.07 to 3.07 -0.1275 to -0.12
South Louisiana
ANR SE -- -0.10 to -0.03
Columbia Gulf Mainline -- -0.12 to -0.08
Columbia Gulf onshore -- -0.10 to -0.09
Florida Gas Zone 2 -- -0.06 to 0.00
Henry Hub -- -0.005 to 0.00
Southern Natural -- -0.08 to -0.05
Tennessee Line 500 3.02 to 3.07 -0.10 to -0.085
Tennessee Line 800 -- -0.10 to -0.09
Texas Eastern E. LA -- -0.1025 to -0.07
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 3.22 to 3.22 -0.09 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- 0.76 to 0.76
Florida Gas Zone 3 -- -0.055 to -0.005
Texas Eastern M-1, 30 -- -0.13 to -0.12
Transco Zone 4 -- -0.08 to -0.04
Transco Zone 5 -- -0.14 to 0.01
Transco Zone 5 North -- -0.14 to -0.11
Transco Zone 5 South -- -0.01 to 0.01
Appalachia
Columbia Gas 2.89 to 3.17 -0.18 to -0.14
Dominion North -- -0.555 to -0.52
Dominion South 2.51 to 2.52 -0.595 to -0.515
Leidy Hub -- --
Millennium East Pool -- -0.62 to -0.59
Tenn Zone 4 200L -- -0.4225 to -0.375
Tennessee Zn 4 313 Pool -- -0.42 to -0.40
Tennessee Zn 4 Marcellus -- -0.6925 to -0.64
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt 2.55 to 2.55 -0.65 to -0.50
Texas Eastern M-3, Delivery 2.64 to 2.78 -0.57 to -0.45
Texas Eastern M-3, Receipt 2.50 to 2.50 --
Transco-Leidy Line -- -0.65 to -0.58
Northeast
Algonquin Citygate -- 0.16 to 0.25
Algonquin Citygate (non-G) -- 0.16 to 0.25
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.00 to 0.07
Iroquois, Waddington 3.22 to 3.22 -0.025 to 0.09
Niagara -- --
Tenn Zone 5 200L -- -0.38 to -0.25
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.08 to 0.21
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY 2.85 to 2.85 -0.36 to -0.22
Transco Zone 6 non-NY North 2.85 to 2.85 -0.36 to -0.22
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 2.90 to 2.90 -0.39 to -0.23
Rocky Mountains
Cheyenne Hub 2.57 to 2.60 --
CIG 2.56 to 2.60 --
CIG DJ Basin 2.56 to 2.58 --
El Paso Bondad 2.58 to 2.65 --
El Paso non-Bondad 2.48 to 2.60 --
Kern River 2.62 to 2.72 --
Kingsgate -- --
Northwest S. of Green River 2.53 to 2.65 --
Northwest Sumas 2.37 to 3.14 --
Northwest Wyoming Pool -- --
Opal 2.62 to 2.70 --
Questar 2.53 to 2.53 --
Stanfield 2.49 to 2.61 --
Transwestern San Juan 2.48 to 2.69 --
White River Hub 2.61 to 2.62 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.68 to 2.78 --
PG&E Citygate 3.21 to 3.31 --
SoCal Citygate 3.02 to 3.13 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.70 to 2.80 --
SoCal Border Avg. 2.70 to 2.80 --
Canada
Empress 2.64 to 2.88 --
NOVA/AECO C 2.17 to 2.82 --
Westcoast Station 2 2.21 to 2.31 --