Story of the Day

California Leads NatGas Cash Lower; Futures Steady Post Storage Stats
Daily GPI
California Leads NatGas Cash Lower; Futures Steady Post Storage Stats

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June 23, 2017

Markets

MexTracker0623

Mexico’s CRE Tweaks Price Reporting System as Natural Gas Market Launch Nears

Daily GPI
Mexico’s energy regulator, the Comision Reguladora de Energia (CRE), is working with natural gas marketers to fine-tune its daily price reporting...
Recent-Weekly-Dominion-South-vs-Appalachia-Coal-Prices-20170623

NatGas Forwards Plunge As More Heat Not Expected Until July

Forward Look
Natural gas forward prices put up substantial declines for the period between June 16 and 22, with July prices averaging 15 cents lower during that time as markets were hit with news that they possibly will have to wait until the second week of July for more summer heat to kick in, according to NGI’s Forward Look.

Traders Looking to Establish Long Positions; July Seen 2 Cents Higher

Daily GPI

July natural gas is called 2 cents higher Friday morning at $2.91 as near-term weather forecasts call for basically normal temperatures, and near-term traders mull bearish conditions for next week. Overnight oil markets inched higher.

EIAStorage0622

California Leads NatGas Cash Lower; Futures Steady Post Storage Stats

Daily GPI
Physical natural gas broke to the downside Thursday as next-day price gains in the Northeast and Appalachia were unable to stave off broad declines in the Rockies, California, Texas, Louisiana, the Midcontinent and Midwest. Particularly hard hit was southern California as the recent heat wave in the region was forecast to dissipate. The NGI National Spot Gas Average fell 5 cents to $2.67.
EIAStorage0622

NatGas Futures Post Counterintuitive Response Following EIA Storage Report

Daily GPI
July futures moved higher Thursday morning once the Energy Information Administration reported a storage injection for the week ending June 16 that was slightly greater than what traders were expecting.
Monthly-UK-Net-Imports-of-Natural-Gas-20170622

UK’s Rough Natural Gas Storage Closure Likely Positive for LNG Imports

Daily GPI
Centrica plc said this week it plans to shutter permanently its Rough natural gas storage facility off the east coast of England after concluding it could not be returned safely to operation. The closure of the largest gas storage site in the UK could lead to more reliance on liquefied natural gas imports, analysts said.

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E&P

Pennsylvania-Unconventional-Well-Operators-at-Various-Periods-20170623

'Incumbents,’ PE Deals Dominating Appalachian NatGas Consolidation

Shale Daily
After years of relative inactivity, dealmaking in the Appalachian Basin is once again healthy but tenuous, as the region's larger natural gas producers and private equity firms reassert their dominance in a market filled with both opportunities and risks.

GOM Shut-Ins Lessen in Wake of Tropical Storm Cindy

Daily GPI
What had been Tropical Storm Cindy Wednesday made landfall and weakened Thursday, downgraded to a tropical depression, and oil and natural gas operators that had taken precautionary measures in the Gulf of Mexico prior to the storm were returning to work in its wake.
Weekly-Eagle-Ford-Drilling-Rig-Count-20170622.png

South Texas Eagle Ford Seeing Rigs, Jobs Returning

Shale Daily
Eagle Ford Shale activity bottomed in 2016 and since has turned the corner, as more rigs are raised and activity is escalating...

Hilcorp Bids More Than $3M For Federal Leases in Alaska's Cook Inlet

Daily GPI
At the first auction of federal offshore leases in Alaska's Cook Inlet in nearly a decade, Hilcorp Alaska LLC submitted bids of more than $3 million on Wednesday, according to the Interior Department's Bureau of Ocean Energy Management.

People -- Tom Russo

Daily GPI

Oil, NatGas Shut-Ins Begin as TS Cindy Bears Down on Gulf Coast

Daily GPI
Workers have been evacuated from one rig and 40 production platforms in the Gulf of Mexico and a total of 301,618 b/d of oil has been shut in as Tropical Storm Cindy continues its slow course toward the Gulf Coast, the Bureau of Safety and Environmental Enforcement said Wednesday afternoon.

More in E&P...

Infrastructure

SDBaker0623

U.S. Down Three NatGas Rigs, Up 11 for Oil Despite Bearish Crude Headwinds

Shale Daily

North American drillers were undeterred by bearish shifts in crude oil prices for the week ended June 23, as 11 U.S. oil-directed rigs returned to the patch, according to Baker Hughes Inc. rig count data released Friday.

Braskem Pulls Trigger on Massive Polypropylene Facility Near Houston, Fed by Shale Gas

Daily GPI
Braskem is moving forward with its largest polypropylene production line in the Americas, a $675 million facility sited on the Houston Ship Channel in La Porte that would take advantage of abundant stores of Lower 48 natural gas.

Mississippi ‘Clean Coal’ Plant Likely to Burn Only Natural Gas

Daily GPI
Mississippi Power Co.'s “clean coal” facility in Kemper County, MS, may end up only burning natural gas after state regulators took steps this week to prevent cost recovery for the "unproven" coal gasifier and carbon capture facilities.

BC Endorses TransCanada’s Mainline Toll Cut to Revive Natural Gas Sales

Daily GPI
British Columbia provincial officials have stepped forward to support TransCanada Corp.’s offer to revive Western Canada natural gas sales to Ontario, Quebec and the northeastern United States with a toll cut on its cross-country Mainline.

DOE Looking for Innovative Unconventional Oil, Gas Well Solutions

Shale Daily
Improving unconventional oil and natural gas well recoveries, as well as ways to prevent offshore spills and leaks, will be considered for grants under a $20 million fund launched by the Department of Energy.
Delfin-LNG-Project-20170622

Golar Partners with Delfin on Proposed FLNG Project Offshore Louisiana

Daily GPI
A first-of-its-kind U.S. natural gas export project offshore Louisiana is gaining more financial wherewithal after Golar LNG Ltd. agreed to...

More in Infrastructure...

Regulatory

Idaho Readying First Audit of Oil, Gas Wells

Shale Daily
Idaho's Department of Lands has started the process for the state's first audit of oil and natural gas wells operated by Texas-based Alta Mesa Holdings LP, the lone producer in a state that realized its first production only three years ago.

Interior Embarks on Regulatory Reform Program

Daily GPI
Following through on one of President Trump's executive orders, the U.S. Department of Interior has launched a regulatory reform package and is seeking public comments on its potentially sweeping scope.

Industry-Backed House Bill Streamlining NatGas Pipeline Reviews Advances

Daily GPI
An industry-backed bill that seeks to speed up FERC's natural gas pipeline review process by placing additional requirements on participating agencies came a step closer to law Thursday, advancing through a House subcommittee.

Trump Administration Urges Lawsuit Delay to Help Rescind or Revise BLM Venting/Flaring Rules

Daily GPI
The Trump administration has outlined its plans in federal court to ultimately rescind or revise a rule promulgated by the Department of Interior's Bureau of Land Management governing flaring and venting of associated natural gas on public and tribal lands.

Trump Administration Outlines Strategy to Rescind or Revise BLM Venting/Flaring Rules

Shale Daily

The Trump administration has outlined its plans in federal court to ultimately rescind or revise a rule promulgated by the Department of Interior's (DOI) Bureau of Land Management (BLM) governing flaring and venting of associated natural gas on public and tribal lands.

Big Oil, Business Leaders Advocate for U.S. Carbon Tax

Shale Daily

Some of the world’s largest oil and natural gas producers and influential corporate leaders on Tuesday joined a push to enact a U.S. carbon tax in an effort to slow climate change.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - May 31 for June 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.33 to 3.33 --
Florida Gas Zone 1 -- 0.00 to 0.00
NGPL S. TX -- -0.08 to -0.08
Tennessee Zone 0 South -- -0.17 to -0.16
Texas Eastern S. TX -- -0.015 to -0.015
Transco Zone 1 -- -0.075 to -0.0725
East Texas
Carthage -- -0.1375 to -0.12
Houston Ship Channel 3.31 to 3.34 0.10 to 0.10
Katy 3.31 to 3.33 0.095 to 0.095
NGPL TexOk 2.94 to 3.09 -0.1525 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.74 to 2.83 --
Transwestern 2.78 to 2.78 --
Waha 2.79 to 2.83 --
Midwest
Alliance -- --
ANR ML7 -- -0.04 to -0.04
Chicago Citygate 2.98 to 3.11 -0.085 to -0.04
Chicago - Nicor Gas 3.04 to 3.11 -0.08 to -0.08
Chicago - NIPSCO 2.98 to 3.10 -0.085 to -0.04
Chicago - North Shore -- --
Chicago - Peoples 3.07 to 3.08 --
Consumers Energy 3.19 to 3.20 -0.045 to -0.0225
Dawn 2.96 to 3.09 -0.02 to 0.01
Emerson -- -0.385 to -0.25
Joliet -- --
Lebanon -- -0.175 to -0.145
Michigan Consolidated 2.99 to 3.19 -0.08 to -0.05
NGPL Amarillo Mainline 2.94 to 2.94 --
Parkway/Union -- -0.01 to 0.0025
REX into ANR - Shelby -- -0.1425 to -0.125
REX into MGT - Edgar -- -0.18 to -0.145
REX into NGPL - Moultrie -- -0.18 to -0.15
REX into PEPL - Putnam -- -0.18 to -0.18
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.84 to 2.86 -0.355 to -0.35
Enable East 2.87 to 2.96 --
Enable West -- -0.21 to -0.21
NGPL Midcontinent 2.79 to 2.94 -0.29 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.83 to 3.00 --
Northern Natural Ventura 2.91 to 3.00 --
OGT 2.81 to 2.83 -0.405 to -0.38
Panhandle Eastern 2.65 to 2.82 -0.42 to -0.37
Southern Star 2.82 to 2.82 -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- -0.10 to -0.10
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.12 to -0.115
Trunkline Zone 1A -- -0.1275 to -0.11
South Louisiana
ANR SE -- -0.095 to -0.08
Columbia Gulf Mainline -- -0.13 to -0.12
Columbia Gulf onshore -- -0.10 to -0.08
Florida Gas Zone 2 -- -0.055 to 0.00
Henry Hub -- 0.00 to 0.00
Southern Natural -- -0.075 to -0.05
Tennessee Line 500 3.12 to 3.20 -0.095 to -0.06
Tennessee Line 800 -- -0.0975 to -0.09
Texas Eastern E. LA -- -0.11 to -0.08
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 3.13 to 3.13 -0.06 to -0.02
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to 0.01
Texas Eastern M-1, 30 -- -0.08 to -0.08
Transco Zone 4 -- -0.0625 to -0.055
Transco Zone 5 -- -0.20 to 0.02
Transco Zone 5 North -- -0.20 to -0.15
Transco Zone 5 South -- 0.01 to 0.02
Appalachia
Columbia Gas 2.94 to 2.98 -0.1875 to -0.16
Dominion North -- -0.565 to -0.5325
Dominion South -- -0.70 to -0.525
Leidy Hub -- --
Millennium East Pool -- -0.61 to -0.57
Tenn Zone 4 200L -- -0.405 to -0.37
Tennessee Zn 4 313 Pool 2.75 to 2.75 -0.46 to -0.38
Tennessee Zn 4 Marcellus -- -0.69 to -0.55
Texas Eastern M-2, 30 Delivery -- -0.56 to -0.56
Texas Eastern M-2, 30 Receipt 2.55 to 2.55 -0.60 to -0.545
Texas Eastern M-3, Delivery 2.57 to 2.63 -0.50 to -0.45
Texas Eastern M-3, Receipt 2.60 to 2.65 --
Transco-Leidy Line 2.48 to 2.48 -0.63 to -0.5675
Northeast
Algonquin Citygate -- -0.27 to -0.105
Algonquin Citygate (non-G) -- -0.27 to -0.105
Algonquin Receipts 2.61 to 2.61 --
Iroquois Zone 2 -- -0.24 to -0.08
Iroquois, Waddington 3.10 to 3.10 -0.12 to -0.02
Niagara -- --
Tenn Zone 5 200L -- -0.375 to -0.28
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.18 to -0.12
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.40 to -0.315
Transco Zone 6 non-NY North -- -0.40 to -0.315
Transco Zone 6 non-NY South -- -0.315 to -0.315
Transco Zone 6 NY -- -0.37 to -0.305
Rocky Mountains
Cheyenne Hub 2.75 to 2.84 --
CIG 2.75 to 2.85 --
CIG DJ Basin 2.75 to 2.77 --
El Paso Bondad -- --
El Paso non-Bondad 2.60 to 2.76 --
Kern River 2.84 to 2.87 --
Kingsgate 2.57 to 2.62 --
Northwest S. of Green River 2.77 to 2.82 --
Northwest Sumas 2.68 to 3.40 --
Northwest Wyoming Pool 2.75 to 2.75 --
Opal 2.77 to 2.88 --
Questar 2.75 to 2.75 --
Stanfield -- --
Transwestern San Juan 2.60 to 2.85 --
White River Hub 2.80 to 2.81 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.00 to 3.00 --
California
Malin 2.67 to 2.93 --
PG&E Citygate 3.39 to 3.46 --
SoCal Citygate 3.26 to 3.33 --
Southern Border, PG&E 2.91 to 2.96 --
Southern Border, SoCal 2.92 to 3.04 --
SoCal Border Avg. 2.92 to 3.04 --
Canada
Empress 2.75 to 3.01 --
NOVA/AECO C 2.65 to 2.88 --
Westcoast Station 2 2.42 to 2.72 --