Story of the Day

Cheniere’s 1.44 Bcf/d Midcon-to-Gulf Coast Project Gets Favorable FERC EIS
Daily GPI
Cheniere’s 1.44 Bcf/d Midcon-to-Gulf Coast Project Gets Favorable FERC EIS

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June 22, 2018

Markets

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Weekly Prices Mostly Rise, But Returning Production Sends Rockies Prices Lower

NGI Weekly Gas Price Index
Weekly natural gas prices were on the upswing this week as a heat wave engulfed much of the country at the start of the week, only to give way to milder temperatures and much lower prices by week’s end. The NGI Weekly Spot Gas Average stayed flat on the week at $2.63.

July Natural Gas Fizzles at Signs of Cooler Weather; Spot Gas Falls on Soft Weekend Demand

Daily GPI
What goes up must come down was the theme for Friday trading action as July natural gas prices quickly put the brakes on a heat-induced rally as weather outlooks began hinting of cooler weather ahead. The Nymex July natural gas futures contract traded in a less than 7-cent range on Friday, hitting its $2.991 peak early in the session and then trading closer to its $2.926 low end for the last hour until settling at $2.945, down 3 cents on the day.

OPEC Pumping Up Global Crude Oil Supply; U.S. Onshore Reaction Awaits

Shale Daily
Oil prices jumped Friday after the Organization of the Petroleum Exporting Countries secured a compromise, albeit modest, agreement that effectively will add about 600,000 b/d to the market, or around 0.5% of global supply.

July Set to Open Lower on Cooler Risks for Late July

Daily GPI
July natural gas futures were set to open about 3 cents lower at $2.945 Friday morning as weather models turned slightly cooler for the South and Gulf Coast in the medium term.

Wild Week Ends with Natural Gas Forward Strip Nearly Unchanged

Forward Look
In a week that saw July natural gas prices surge past $3 only to plunge 12 cents during the next two days, the Nymex prompt-month contract ultimately wound up shedding a single penny between June 14 and 19 to end at $2.964, according to NGI’s Forward Look.
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Looming Heat Continuing to Support July Natural Gas Despite Bearish Storage Data

Daily GPI
July natural gas prices ended the day slightly higher Thursday as the battle between hot weather and another...

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E&P

DJ Basin Holds Potential, But Push for Wider Setbacks a Concern

Shale Daily
The untapped oil and gas potential of the Denver-Julesburg Basin is estimated to be worth billions, according to a study by a state industry group.

Oxy, White Energy Assessing Two West Texas CO2 Projects

Shale Daily
Occidental Petroleum Corp. (Oxy) and White Energy are evaluating the economic feasibility of a carbon capture project in West Texas that could help Oxy produce more Permian Basin oil.

Look Beyond Breakevens to Understand Northeast E&Ps, Midstream, Says East Daley Exec

Daily GPI
Against a backdrop of surging natural gas production and pipeline capacity expansions competing to tap demand growth in the Southeast and Gulf Coast, understanding the energy space requires a holistic approach informed by both equity and commodity markets, according to East Daley Capital Advisors President Jim Simpson.
Jaguar

Mexico’s Jaguar CEO Says Myriad Onshore Opportunities Tied to Partnering with Communities

A Mexico upstart exploration and production company formed as the country’s energy reform took hold is finding that building industry and community alliances should ensure decades of work ahead.
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Shell Viewing Pennsylvania Shales as ‘Growth Option’

Shale Daily
In a rare overview of its Marcellus and Utica shale operations, a Royal Dutch Shell...

Permian E&Ps Urged to Stop ‘Wasting’ Natural Gas, Reduce Methane Emissions

Shale Daily
The Environmental Defense Fund is looking to find more industry support to curb methane emissions, with Permian Basin operators considered prime candidates to join the effort, senior director Ben Ratner told NGI’s Shale Daily.

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Infrastructure

With Permian Constraints Nearing, Kinder Considering More NatGas Takeaway to Mexico

The Permian Basin’s growing natural gas volumes may provide the perfect aperitif to quench Mexico’s thirst, according to Kinder Morgan Inc.

CNX Sees Stacked Pay Well Pads as Appalachia’s Next 'Basin Disruptor'

Shale Daily
The super-sized well pads targeting multiple horizons that CNX Resources Corp. plans to increasingly develop in the coming years will “disrupt” the Appalachian Basin, a company executive said this month at an industry conference in Pittsburgh.
sdbaker0622

Natural Gas Declines Drive U.S. Rig Count Lower as OPEC Spurs Oil Markets

Shale Daily
Driven by a drop in natural gas-directed drilling, the U.S. rig count fell for the second week in a row after seven units exited the patch, according to data released Friday by Baker Hughes Inc.

Sempra’s Natural Gas Pipeline Proposal Rejected by California Regulators

Daily GPI
California regulators on Thursday rejected a long-standing proposal to build an upgraded natural gas transmission pipeline between the systems of Sempra Energy's two utilities, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric Co. (SDG&E).

PG&E Records $2.5B Charge for California Wildfires

Daily GPI
In a move prompted by the strict liability restrictions on California utilities from the state's use of inverse condemnation, Pacific Gas and Electric Co. and its parent company plan to record a $2.5 billion pre-tax, noncash accounting charge for wildfire liabilities for the second quarter.
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NGTL Proposes Expansion on Forecast Natural Gas Growth to 13.4 Bcf/d in 2021

Daily GPI
Growth expectations supported by shipping contracts propel a C$2.3 billion ($1.8 billion) expansion presented Wednesday by TransCanada Corp.’s supply collection grid in Alberta and British Columbia, Nova Gas Transmission Ltd.

More in Infrastructure...

Regulatory

Alaska Gasline Secures Final EIS for Pipeline Project

Daily GPI
Considered a major step toward exporting natural gas to Asia Pacific markets, the Alaska Gasline Development Corp. on Friday received environmental approval for one of two proposed pipeline projects.

U.S. Oil, Gas Methane Emissions 60% Higher than EPA Estimates, Says EDF

Daily GPI
Emissions from domestic oil and natural gas operations are 60% higher than earlier estimates by the U.S. Environmental Protection Agency, according to research compiled by the Environmental Defense Fund.
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Cheniere’s 1.44 Bcf/d Midcon-to-Gulf Coast Project Gets Favorable FERC EIS

Daily GPI
FERC on Thursday issued a final environmental impact statement for the Cheniere Energy Inc.-backed Midcontinent Supply Header...

SoCalGas, SDG&E Accused of Natural Gas Pipeline Violations

Daily GPI
Sempra Energy’s natural gas utilities are accused of essentially cooking the books on a critical north-south transmission pipeline by inaccurately reporting safety information, according to the independent consumer advocacy unit of the California Public Utilities Commission.
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Appeals Court Stays Crucial MVP Permit in West Virginia, Putting 2018 Startup in Jeopardy

Daily GPI
A federal appeals court on Thursday stayed a crucial U.S. Army Corps of Engineers water crossing permit for Mountain Valley Pipeline in West Virginia, potentially a major setback for a project under construction that was aiming to begin service this year.
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Pennsylvania Impact Fee Collections Increase for First Time in Years

Shale Daily
Higher natural gas prices and more new wells helped Pennsylvania collect nearly $210 million in impact fees last year...

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - May 31st for June 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 -- -0.1375 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- -0.08 to -0.08
East Texas
Carthage -- -0.17 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk 2.67 to 2.68 -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.99 -1.08 to -1.06
Transwestern 2.00 to 2.01 --
Waha 1.96 to 1.98 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.58 to 2.74 --
Chicago - Nicor Gas 2.58 to 2.63 --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn 2.65 to 2.75 -0.215 to -0.18
Emerson -- -0.425 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated 2.70 to 2.70 -0.24 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.345 to -0.31
REX into MGT - Edgar -- -0.28 to -0.28
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW 2.23 to 2.23 -0.65 to -0.65
Enable East 2.64 to 2.65 -0.30 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.43 to 2.58 --
Northern Natural Ventura 2.45 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.21 to 2.32 -0.67 to -0.645
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.18 to -0.17
Columbia Gulf Mainline -- -0.175 to -0.145
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.06 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.05 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.04
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- 0.06 to 0.06
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.28 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.68 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.50 to -1.30
Tenn Zone 4 200L -- -0.4875 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.50 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.51 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.285 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.25 to -0.18
Transco Zone 6 non-NY North -- -0.25 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River 2.10 to 2.10 --
Kingsgate -- --
Northwest S. of Green River 2.03 to 2.06 --
Northwest Sumas 1.41 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.05 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.11 to 2.15 --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.04 to 3.12 --
SoCal Citygate 3.41 to 3.75 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.47 --
SoCal Border Avg. 2.27 to 2.47 --
Canada
Empress 2.57 to 2.57 --
NOVA/AECO C 0.78 to 0.94 --
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.