Story of the Day

‘Great American Eclipse’ Begets Hype, Rock-and-Roll, and Test of Back-Up NatGas Resources
Daily GPI
‘Great American Eclipse’ Begets Hype, Rock-and-Roll, and Test of Back-Up NatGas Resources

View Archived Issues

NGI All News Access

August 18, 2017

Markets

20170818_HENRY_HUB_CHART_WEB_IMAGE

Bulls Back In The Saddle For Weekly NatGas Trading

NGI Weekly Gas Price Index
Weekly spot gas prices reversed the prior week's 2-cent setback and for the week ended August 18 the NGI Weekly National Spot Gas Index posted a healthy 11-cent advance to $2.71.

NatGas Cash Slides 7 Cents, But Analyst Eyes $3.67 Spot Futures By Thanksgiving

Daily GPI
At first glance it may have looked like weekend and Monday physical natural gas was held to minimal changes, but don't tell that to traders trying to do deals on Northeast pipes. Most points, however, did trade within a penny or two of unchanged, and the NGI National Spot Gas Average was down 7 cents to $2.74.
Five-Day-Tropical-Weather-Outlook-20170818

Cooler Weather, Tropical Activity Keep Pressure on Natural Gas Forwards

Forward Look
“Don’t count your chickens before they hatch” was the lesson learned this week as natural gas forwards markets fizzled out after last week’s rally -- falling an average 5 cents for September -- as weather forecasts that had called for more hot weather to end August and start September cooled significantly.
Annual-Calpine-Generating-Capacity-by-Fuel-Source-MW-20170818

Energy Capital-Led Consortium Scoops Up Calpine for $5.6B

Daily GPI
Houston-based Calpine Corp., which operates natural gas-fired generation plants around the nation, is being acquired by a consortium of investors led by Energy Capital Partners for $5.6 billion.

Spec Shorts Stirring; September Called 2 Cents Lower

Daily GPI
September natural gas is expected to open 2 cents lower Friday morning at $2.91 as traders see the weather outlook becoming less supportive and speculative traders line up on the short side of the market. Overnight oil markets rose.
EIAStorage081117

September Natural Gas Gains as EIA Stocks Revised Lower; Cash, Like Weather, Mixed

Daily GPI
September natural gas futures got a boost Thursday on bullish revisions in the Energy Information Administration (EIA) storage report and hints of supply risk from tropical weather systems developing over the Atlantic. The cash market remained ambivalent, with most regional averages trading within a few pennies of even, and the NGI National Spot Gas Average finished down 1 cent at $2.67/MMBtu.

More in Markets...

E&P

Sanchez-Energy-Eagle-Ford-Shale-Assets-20170818

Sanchez Selling Gassy Javelina in Eagle Ford for $105M

Shale Daily
Sanchez Energy Corp. has agreed to sell its natural gas-rich Javelina property in the Eagle Ford Shale in South Texas to an undisclosed buyer for $105 million.

Andeavor Eyeing Mexico for Refined Market Growth

Daily GPI
With refining assets within proximity of the U.S.-Mexico border, San Antonio-based Andeavor is eyeing Mexico to expand its marketing efforts.
Haynesville-Gas-Rigs-20170818

Texas Energy Jobs Rising, Along with Permian DUCs, Haynesville NatGas Rigs

Shale Daily
Oil and natural gas employment in the Lone Star State grew by roughly 4,300 jobs in June to 223,300, the seventh...
STACK-SCOOP-and-Other-Midcontinent-Oil-Plays-20170711.png

Silver Run STACK-ing Assets in Takeover of Alta Mesa, Kingfisher Midstream

Shale Daily
Houston’s Silver Run Acquisition Corp. II, helmed by former Anadarko Petroleum Corp. chief Jim Hackett...
Federal-Offshore-Gulf-of-Mexico-Field-Production-of-Crude-Oil-20170817.png

Lower Tertiary Draws Most Prospectors in GOM-Wide Lease Sale

Daily GPI
In the first lease sale covering the entire Gulf of Mexico (GOM) since 1983, the Lower Tertiary Trend, an intriguing deepwater play that has yielded big-time discoveries, captured most of the attention.

Bakken Oil, Natural Gas Infrastructure Outlook Brighter, Say Officials

Shale Daily
No longer playing catch up, the oil and natural gas infrastructure in the Bakken Shale in North Dakota has hit its stride, and the outlook appears sunny into early 2020, state oil and gas officials said.

More in E&P...

Infrastructure

Rover Seeking Aug. 31 Start-Up on Phase 1A, Files for FERC OK

Shale Daily
Energy Transfer Partners LP's (ETP) Rover Pipeline LLC asked FERC on Friday for authorization to begin service by Aug. 31 on Phase 1A.

Rover Asks FERC for OK to Start Up Phase 1A by Aug. 31

Daily GPI
Energy Transfer Partners LP's Rover Pipeline LLC asked FERC on Friday for authorization to begin service by Aug. 31 on Phase 1A.

MarkWest Ready to Build Pennsylvania NatGas Processing Complex

Shale Daily
MPLX LP Subsidiary MarkWest Energy Partners LP plans to start construction on a 200 MMcf/d natural gas processing facility in southwest Pennsylvania this month, according to plans submitted to local authorities.
SDBaker0818

U.S. Adds One Rig In NatGas Patch, but Oil Drilling Declines

Shale Daily
The U.S. rig count fell by three for the week ended Aug. 18 as five oil-directed rigs left the patch, according to data released Friday by Baker Hughes Inc.
US-Silica-Locations-20170817

U.S. Silica Pumps Up Proppant Capacity with Mississippi Sand Purchase

Shale Daily
Fracture sand specialist U.S. Silica Holdings Inc. has acquired Mississippi Sand LLC, a Missouri-based sand mining and logistics company, a transaction that adds 1.2 million tons of annual capacity.
Total-Eclipse-of-the-Sun-20170817-v2b

‘Great American Eclipse’ Begets Hype, Rock-and-Roll, and Test of Back-Up NatGas Resources

Daily GPI
America's first solar eclipse visible across the Lower 48 states since 1979 will be seen most intensely in 14 states...

More in Infrastructure...

Regulatory

Appeals Court Won't Force New York DEC to Issue Constitution Permit

Shale Daily
A federal appeals court in Manhattan Friday said it won't force New York regulators to issue a crucial water permit for the embattled Constitution Pipeline, but its backers said the ruling merely clears up a jurisdictional issue to help the Marcellus Shale-focused natural gas project ultimately move forward.

Mexico Energy Reforms Likely Safe in Future Administrations, Say Government Officials

Daily GPI
Mexican officials this week brushed aside concerns that the country’s upcoming presidential elections in 2018 could pose a risk for the nascent energy reforms taking hold in the oil and gas industry.

Oil and Gas Industry Urges Interior to Expand Next Five-Year Offshore Leasing Program

Daily GPI
A coalition of oil and natural gas industry groups, led by the American Petroleum Institute (API), urged the Interior Department to expand the next five-year offshore leasing program by at least evaluating and considering all areas of the nation's Outer Continental Shelf (OCS).

Oil, NatGas Supports California Cap-Trade Extension; Enviros Balk

Daily GPI
While political leaders are hailing it as a bipartisan accomplishment, environmental groups are critical of California's recent extension to 2030 of the state's precedent-setting cap-and-trade program, which the oil/natural gas industry has supported.
Mountain-Valley-Pipeline-Project-20151023 (1).png

Enviros Want West Virginia's MVP Water Certification Scrapped

Shale Daily
Five environmental groups have filed a petition for review in federal court asking that the West Virginia Department of Environmental Protection’s (WVDEP) water quality certification (WQC) for the Mountain Valley Pipeline (MVP) be vacated because they claim the agency ignored the project’s threats to the state’s environment. 

Industry Applauds Trump's Order to Expedite Federal Permitting of Infrastructure

Shale Daily
Several trade associations representing the oil and natural gas industry applauded President Trump for signing an executive order (EO) directing the federal government to expedite its review and permitting of major infrastructure projects.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - July 31 for August 2017
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 -- -0.08 to -0.06
Tennessee Zone 0 South -- -0.175 to -0.1675
Texas Eastern S. TX -- -0.075 to -0.075
Transco Zone 1 -- -0.095 to -0.09
East Texas
Carthage -- -0.115 to -0.115
Houston Ship Channel -- -0.055 to -0.05
Katy -- --
NGPL TexOk -- -0.16 to -0.1525
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.52 to 2.59 --
Transwestern 2.62 to 2.62 --
Waha 2.58 to 2.64 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.74 to 2.88 --
Chicago - Nicor Gas 2.74 to 2.78 --
Chicago - NIPSCO 2.82 to 2.88 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.10 to -0.0925
Dawn 2.75 to 2.87 -0.0925 to -0.065
Emerson -- -0.375 to -0.325
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.79 to 2.80 -0.125 to -0.1125
NGPL Amarillo Mainline 2.67 to 2.70 --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.165 to -0.1625
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.63 to 2.65 -0.34 to -0.33
Enable East -- --
Enable West -- --
NGPL Midcontinent 2.63 to 2.69 --
Northern Border Ventura -- --
Northern Natural Demarc 2.70 to 2.76 --
Northern Natural Ventura 2.72 to 2.76 --
OGT 2.32 to 2.37 -0.57 to -0.57
Panhandle Eastern 2.54 to 2.57 -0.3975 to -0.38
Southern Star -- -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1275 to -0.1175
Trunkline Zone 1A -- -0.125 to -0.115
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.12 to -0.11
Columbia Gulf onshore -- -0.10 to -0.095
Florida Gas Zone 2 -- --
Henry Hub -- -0.005 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.0975 to -0.0925
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0525 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0375 to -0.035
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0475 to -0.0425
Transco Zone 5 -- -0.25 to 0.04
Transco Zone 5 North -- -0.25 to -0.14
Transco Zone 5 South -- 0.0375 to 0.04
Appalachia
Columbia Gas -- -0.19 to -0.18
Dominion North -- --
Dominion South -- -1.28 to -1.19
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -1.05 to -1.00
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -1.33 to -1.30
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.30 to -1.22
Texas Eastern M-3, Delivery -- -1.20 to -1.15
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.265 to -1.24
Northeast
Algonquin Citygate -- -0.54 to -0.42
Algonquin Citygate (non-G) -- -0.54 to -0.50
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.165 to -0.10
Iroquois, Waddington -- -0.10 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.54 to -0.48
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.70 to -0.6525
Transco Zone 6 non-NY North -- -0.70 to -0.6525
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.71 to -0.63
Rocky Mountains
Cheyenne Hub 2.58 to 2.60 --
CIG 2.57 to 2.57 --
CIG DJ Basin 2.52 to 2.57 --
El Paso Bondad -- --
El Paso non-Bondad 2.59 to 2.63 --
Kern River 2.61 to 2.61 --
Kingsgate -- --
Northwest S. of Green River 2.54 to 2.61 --
Northwest Sumas 2.47 to 2.51 --
Northwest Wyoming Pool -- --
Opal 2.61 to 2.67 --
Questar -- --
Stanfield 2.58 to 2.59 --
Transwestern San Juan 2.62 to 2.66 --
White River Hub 2.56 to 2.62 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.67 to 2.75 --
PG&E Citygate 3.25 to 3.32 --
SoCal Citygate 3.19 to 3.25 --
Southern Border, PG&E 2.75 to 2.81 --
Southern Border, SoCal 2.82 to 2.93 --
SoCal Border Avg. 2.82 to 2.93 --
Canada
Empress 2.22 to 2.39 --
NOVA/AECO C 1.76 to 2.06 --
Westcoast Station 2 -- --