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Natural Gas Futures Bounce Amid Lean Storage, Colder Forecasts; SoCal Blowout Continues
Daily GPI
Natural Gas Futures Bounce Amid Lean Storage, Colder Forecasts; SoCal Blowout Continues

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February 22, 2018

Markets

EIAStorage0222.png

EIA Natural Gas Storage Figure Tighter Than Expected, Futures Near Even

Daily GPI
The Energy Information Administration (EIA) on Thursday reported a natural gas storage withdrawal that was slightly...

March Natural Gas Called Near Even as Storage Report Seen Looser Versus Five-Year Average

Daily GPI
March natural gas was set to open Thursday near even at around $2.651 as the market looked ahead to government storage data expected to show a triple-digit withdrawal that would be bearish versus recent norms.
Camerons-Corner-20180221

Natural Gas Futures Bounce Amid Lean Storage, Colder Forecasts; SoCal Blowout Continues

Daily GPI
Natural gas futures gained for a second straight trading day Wednesday as forecasters continued calling for cold to spread into the East in early March. In the spot market, SoCal Citygate’s basis blowout stretched into a second day as other western points moderated from Tuesday’s gains; the NGI National Spot Gas Average added 2 cents to $2.80/MMBtu.

Noble to Supply Natural Gas to Egypt from Massive Fields Offshore Israel

Daily GPI
Noble Energy Inc. has agreements in hand to supply to Egypt over a decade natural gas from the Leviathan and Tamar fields offshore Israel.

Portland General Facing Paradox of Shrinking Energy Demand, Economic Growth

Daily GPI
While the economy in the Portland, OR, area continues to thrive, energy demand among residential and small business customers is likely to shrink over the next decade, according to Portland General Electric (PGE) CEO Maria Pope.

Colder March Temps Still in Focus; Natural Gas Futures Called Higher

Daily GPI
March natural gas was set to open Wednesday about 2 cents higher at around $2.640 after some volatile overnight action as the market continues to watch a cold pattern setting up for early next month.

More in Markets...

E&P

Permian Player Concho Grows Production, Sets Eyes on Repeat Success in 2018

Shale Daily
After reporting more than 28% growth in total production in the fourth quarter, Permian Basin pure-play explorer Concho Resources Inc. said it expects to grow 2018 output by 16-20%, with crude oil rising by about 20%, using a $2 billion capital expenditures (capex) program.
Mexico-Oil-and-Gas-Resource-Plays-20180213 (1)

In the Shadow of the U.S., Mexico Strives to Generate a Homespun Fracking Revolution

Mexico’s oil and natural gas fields are so near but yet so far from the United States, where the hydraulic fracturing (fracking) and horizontal drilling revolution have turned it into a global behemoth. Now Mexico stands poised as an unconventional threat as well.
Devon-2018-Capital-Outlook-20180221

Devon Digging Deeper in STACK, Permian Delaware, Pledging to Return More Cash to Shareholders

Shale Daily
Devon Energy Corp.’s management team on Wednesday promised to return more cash to shareholders and reduce debt...
EQT-Corporate-Structure-20180221

EQT Steps Into New Era, As Separation of Midstream, Upstream Businesses Begins

Shale Daily
Bending to the war chest it has accumulated in a series of acquisitions across the Appalachian Basin and the will of shareholders that expect more value from it, EQT Corp. on Wednesday highlighted a plan to dump all of its midstream assets into a separate publicly traded company.

North America Becoming Major Natural Gas, Oil Exporting Region by 2020, Says BP

Shale Daily
North America is expected to become a net energy exporting region by 2020 and remain the world’s largest natural gas producer, BP plc predicts in its latest global outlook.

Energen Beats Production Guidance, but Execs Mum on Investor Call to Sell

Shale Daily
Permian Basin pure-play Energen Corp. beat its production guidance for the fourth quarter and for the full-year 2017, and executives disclosed that they are reviewing four board candidates submitted last month by an investor that wants the company to be sold.

More in E&P...

Infrastructure

Noble Midstream Bringing Online Three CGFs by Midyear, Looking to Expand Advantage Pipeline

Shale Daily
Noble Midstream Partners LP is on target to bring online the first of three central gathering facilities it has planned for 2018 beginning in mid-March, including two that would be located on company sponsor’s Clayton Williams acreage in the Permian Basin’s Delaware sub-basin in West Texas, COO John Nicholson said Tuesday.
Proposed-Tellurian-Pipeline-Network-20171218

Tellurian Testing Support for 2 Bcf/d Haynesville Pipeline

Daily GPI
Houston-based Tellurian Inc. is gauging support for a proposed 42-inch diameter natural gas pipeline that would connect up to 2 Bcf/d of...
North-Path-Delivery-Project-20180220

TransCanada’s NGTL Eyeing More Natural Gas Deliveries to Canada Oilsands Projects

Daily GPI
Natural gas demand by Alberta thermal oilsands plants is propelling the latest entry in serial additions to TransCanada Corp.’s Western Canada gas supply collection network, Nova Gas Transmission Ltd.

Pennsylvania Extends Public Comment Period on Shell's Cracker Pipeline

Shale Daily
The Pennsylvania Department of Environmental Protection (DEP) has extended the comment period on the Chapter 105 water obstruction and encroachment permit applications for Shell Pipeline Co. LP’s Falcon Ethane Pipeline System, which would supply the multi-billion dollar cracker under construction in the western part of the state.

Appellate Court Urged to Shut Down Trio of Southeast NatGas Pipelines

Daily GPI
A coalition of environmental groups led by the Sierra Club urged a federal appellate court to reject calls by FERC and project sponsors to stay a mandate over a trio of Southeast natural gas pipelines, in effect shutting the projects down immediately.
Annual-Amount-of-Coal-Used-to-Generate-Electricity-in-Pennsylvania-20180220

Sierra Club Favors Natural Gas Over Coal in Pennsylvania Accord with Talen

Daily GPI
The Sierra Club has reached a rare settlement with Talen Energy that would require the power generator to burn only natural gas at one of its plants in southeast Pennsylvania during the summer months when ozone is at its highest and stop burning coal completely beginning in 2029.

More in Infrastructure...

Regulatory

Rover Cleared to Start Up Second Mainline Compressor, Grow Capacity to 2 Bcf/d

Daily GPI
FERC on Wednesday authorized Rover Pipeline LLC to bring its Mainline Compressor Station 2 in Ohio into service, raising total project capacity to just over 2 Bcf/d as the designed 3.25 Bcf/d interstate pipeline readies for full service later this year.

Hundreds of U.S. Mayors Urge EPA Not to Repeal Clean Power Plan

Daily GPI
A coalition of 236 mayors of U.S. cities, collectively representing more than 51 million residents in 47 states and territories, urged the Environmental Protection Agency to halt its plans for a complete repeal of the Clean Power Plan.
Proposed-Alaska-LNG-Project-20180123

FERC Repeats Request for Alaska Gasline Environmental Data

Daily GPI
Despite responses to previous requests filed as recently as last month, FERC last Thursday sent an environmental data request and a terse letter to Alaska Gasline Development Corp. requiring the company to provide information the regulator said has been repeatedly requested already.
BOEM-Gulf-of-Mexico-Planning-Areas-20180220

Interior’s March Auction to Offer 77.3 Million Acres in Western Central, Eastern GOM

Daily GPI
The Department of Interior’s regionwide auction scheduled next month in the Gulf of Mexico is to include all available unleased areas in federal waters, an estimated 77.3 million acres, offshore Alabama, Florida, Louisiana, Mississippi and Texas.

DOE’s New Cybersecurity Office Designed to Protect Energy Sector

Daily GPI
With the energy sector, including the oil and gas industry, making preparations for cyber attacks, the Department of Energy (DOE) has established a cybersecurity office to help protect and prepare the industry.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - January 31 for February 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 -- 0.08 to 0.08
Tennessee Zone 0 South -- -0.17 to -0.05
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- 0.00 to 0.00
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.65 to 3.69 0.13 to 0.14
Katy -- --
NGPL TexOk 3.18 to 3.23 -0.30 to -0.29
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.08 to -0.08
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.52 to 2.77 -0.92 to -0.85
Transwestern 2.64 to 2.71 --
Waha 2.80 to 2.91 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.90 to 4.42 0.45 to 0.89
Chicago - Nicor Gas 3.90 to 4.20 0.48 to 0.69
Chicago - NIPSCO 4.19 to 4.42 0.89 to 0.89
Chicago - North Shore -- --
Chicago - Peoples 4.08 to 4.25 0.45 to 0.75
Consumers Energy -- 0.30 to 0.45
Dawn 4.04 to 4.15 0.38 to 0.77
Emerson -- 0.45 to 0.75
Joliet -- --
Lebanon -- -0.26 to -0.22
Michigan Consolidated 3.28 to 3.36 -0.25 to -0.145
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.235 to -0.18
REX into MGT - Edgar -- -0.15 to -0.14
REX into NGPL - Moultrie -- -0.215 to -0.17
REX into PEPL - Putnam -- -0.24 to -0.20
REX into Trunk - Douglas -- -0.225 to -0.22
Midcontinent
ANR SW 2.70 to 2.95 --
Enable East 3.33 to 3.33 -0.2325 to -0.2325
Enable West -- --
NGPL Midcontinent 2.85 to 3.03 -0.68 to -0.54
Northern Border Ventura -- --
Northern Natural Demarc 3.20 to 3.38 --
Northern Natural Ventura 4.60 to 5.15 --
OGT 2.34 to 2.67 -1.12 to -0.90
Panhandle Eastern 2.68 to 2.83 -0.85 to -0.65
Southern Star 2.82 to 2.85 -0.75 to -0.66
North Louisiana/Arkansas
Perryville -- -0.0875 to -0.0875
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.095
Trunkline Zone 1A -- -0.11 to -0.08
South Louisiana
ANR SE -- -0.1225 to -0.07
Columbia Gulf Mainline -- -0.20 to -0.135
Columbia Gulf onshore -- -0.12 to -0.11
Florida Gas Zone 2 -- --
Henry Hub -- -0.0125 to 0.015
Southern Natural -- -0.055 to -0.025
Tennessee Line 500 -- -0.05 to -0.03
Tennessee Line 800 -- -0.11 to -0.0825
Texas Eastern E. LA -- -0.125 to -0.07
Texas Eastern W. LA -- -0.05 to -0.05
Texas Gas Zone SL -- -0.06 to -0.05
Transco Zone 3 -- 0.04 to 0.08
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.10 to 0.13
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- 0.07 to 0.10
Transco Zone 5 -- 6.00 to 7.25
Transco Zone 5 North -- --
Transco Zone 5 South -- 6.00 to 7.25
Appalachia
Columbia Gas -- -0.495 to -0.25
Dominion North -- -0.80 to -0.73
Dominion South -- -0.78 to -0.675
Leidy Hub -- --
Millennium East Pool -- -0.84 to -0.77
Tenn Zone 4 200L -- -0.23 to -0.10
Tennessee Zn 4 313 Pool -- -0.80 to -0.80
Tennessee Zn 4 Marcellus -- -0.955 to -0.91
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.66 to -0.535
Texas Eastern M-3, Delivery -- 4.45 to 4.85
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.905 to -0.735
Northeast
Algonquin Citygate -- 9.60 to 9.80
Algonquin Citygate (non-G) -- 9.60 to 9.80
Algonquin Receipts -- --
Iroquois Zone 2 -- 7.00 to 8.25
Iroquois, Waddington -- 2.73 to 3.40
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 5.40 to 7.00
Transco Zone 6 non-NY North -- 5.40 to 7.00
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 7.50 to 8.75
Rocky Mountains
Cheyenne Hub 2.69 to 2.71 --
CIG 2.64 to 2.83 --
CIG DJ Basin 2.68 to 2.68 --
El Paso Bondad -- --
El Paso non-Bondad 2.60 to 2.83 --
Kern River 2.67 to 2.88 --
Kingsgate -- --
Northwest S. of Green River 2.52 to 2.83 --
Northwest Sumas 2.12 to 2.70 --
Northwest Wyoming Pool 2.81 to 2.86 --
Opal 2.68 to 2.91 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.46 to 2.78 --
PG&E Citygate 2.85 to 3.02 --
SoCal Citygate 3.19 to 3.38 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.79 to 3.11 --
SoCal Border Avg. 2.79 to 3.11 --
Canada
Empress 3.90 to 3.90 --
NOVA/AECO C 1.99 to 2.25 --
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.