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EIA Sees Ethane Production, Consumption Rising Through 2018
Daily GPI
EIA Sees Ethane Production, Consumption Rising Through 2018

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January 20, 2017

Markets

March Futures Highs Seen in Place; February Called Down 7 Cents

Daily GPI
February natural gas is expected to open 7 cents lower Friday morning at $3.30 as traders admit any near-term advance will require additional cold weather, which for the moment is not forthcoming. Overnight oil markets rose.
EIAStorage0113

NatGas Cash Broadly Lower, But Futures Respond to Bullish Storage Data; February Adds 7 Cents

Daily GPI
Physical natural gas for next-day delivery worked lower Thursday as traders made sure their deals were done by the 10:30 a.m. EST release of inventory data by the Energy Information Administration.
EIAStorage0113

Natural Gas Traders Looking Past Bullish EIA Storage Withdrawal

Daily GPI
Natural gas futures tried to work higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what traders were expecting.

Traders Brace For Storage Data Volatility; February Called A Penny Lower

Daily GPI
February natural gas is set to open a penny lower Thursday morning at $3.29 as traders grapple with a wide range of estimates for a key government inventory report and weather forecasts turn slightly cooler. Overnight oil markets gained.
Storage-Snapshot-Wide0118

NatGas Cash Weakens As Demand Falls; Futures Fumble For 11-Cent Loss

Daily GPI
Both physical natural gas for Thursday delivery and futures struggled in Wednesday's trading as weather forecasts softened again. With supply down about 2 Bcf/d year/year, weather-related demand becomes the primary market balancing factor.

Permian ‘Ripe’ for Consolidation, Potential Mega-Deals

Shale Daily
Operators attempting to buy into the Permian Basin now may have to go big or go home, because most of the oil- and natural gas-rich acreage in West Texas and southern New Mexico is now within the grasp of public and privately held explorers.

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E&P

Drillers Still Rushing Back, But Some Analysts Foresee Slowdown

Shale Daily

The weekly rig count tallied by Baker Hughes Inc. (BHI) once again packed a Permian punch on Friday as 13 rigs returned to the oil-rich West Texas and New Mexico play.

North American E&Ps, OFS Sector Likely to Report ’Substantial’ Investments, Higher Pricing, Say Analysts

Shale Daily
Whether the optimistic outlook permeating the energy sector is more cautious or full-speed ahead will become increasingly clear in the coming weeks as operators unveil their year-end earnings results and, more important, their spending plans for 2017.

Schlumberger Puts North American E&Ps on Notice: Expect More Aggressive Pricing

Shale Daily

Healthier commodity prices are sending oil and natural gas producers back to work, which sets the stage for Schlumberger Ltd. (SLB) to begin a push for higher prices for its services, CEO Paal Kibsgaard said Friday.

Viper Coiled For More Permian Acquisitions Following Solid 2016

Shale Daily

Viper Energy Partners LP continues to strike acquisition deals this year in the Permian Basin after completing 26 transactions in the second half of 2016, underlined by an “improving market,” the Diamondback Energy Inc. unit said.

Pure Bakken Players Sticking Around

Shale Daily
A long-time fixture among Williston Basin exploration and production companies, Denver-based SM Energy Co. said earlier this month it is selling its remaining Bakken assets in North Dakota to concentrate on Texas acreage. But others are staying in the Bakken.

GOM ‘Stable,’ But Global Offshore Oil, Natgas Discoveries Plunge in 2016

Daily GPI
Worldwide offshore oil and natural gas discoveries reached slightly below 2.3 billion boe last year, which was almost 90% lower than the resources uncovered in 2010, Rystad Energy said Wednesday.

More in E&P...

Infrastructure

FirstEnergy Finalizes Deal to Sell PA Gas-Fired Power Plants

Daily GPI
FirstEnergy Corp. subsidiaries Allegheny Energy Supply Co. LLC (AE Supply) and Allegheny Generating Co. (AGC) have reached an agreement to sell 1,572 MW of natural gas and hydro generating assets for $925 million in cash to an affiliate of New York-based power developer LS Power Group.

Regulator Approves Canadian End of 72-Mile Clean Power Tie With U.S.

Daily GPI

A mothballed Ontario coal-fired power station would turn into the northern end of a new transmission link intended to increase traffic in renewable energy between Canada and the United States under a project endorsement awarded Thursday.

FERC Authorizes Construction of Leach, Rayne Xpress Pipelines

Daily GPI
A pair of proposed interstate natural gas pipeline projects stretching across Ohio, Pennsylvania, West Virginia and Kentucky were authorized for construction and operation by FERC Thursday, despite concerns expressed by the U.S. Environmental Protection Agency.

Pennsylvania Township Approves Permit For Shell Cracker

Shale Daily

After a series of contentious public hearings, Potter Township, PA, supervisors late Wednesday unanimously approved a conditional-use permit that allows Shell Chemical Appalachia LLC to proceed with construction of its multi-billion dollar ethane cracker.

Monthly-Gross-US-Natural-Gas-Pipeline-Exports-to-Mexico-20170119

Kinder Weathers Throughput Declines, Takes Writedown on Ruby Pipeline

Daily GPI
The fourth quarter marked the second in a row that Kinder Morgan Inc. took a writedown on natural gas pipeline assets. Revenue was down...
Daily-IEnova-Stock-Price-and-Cumulative-Stock-Price-Return-Since-Company-IPO-20170119

Sempra's IEnova Considering $800M in Mexico Projects For 2017

Daily GPI
Eight projects worth $800 million,including a stake in a major subsea natural gas pipeline in the Gulf of Mexico, are on the plate of Sempra Energy's Mexico-based Infraestructura Energetica Nova, SAB de CV, CEO Carlos Ruiz Sacristan said Monday.

More in Infrastructure...

Regulatory

Monthly-PADD-2-Shipments-of-Crude-Oil-by-Rail-20170120

PHMSA Seeking Input on Crude-by-Rail Content Rule

Shale Daily
The federal Pipeline and Hazardous Materials Safety Administration has released an advanced notice of proposed rulemaking on vapor pressure requirements for the transport of crude oil and other hazardous liquids by rail.

Third Propane Export License Granted by Canadian Regulators

Daily GPI
Canadian natural gas producers have been granted a liquid byproduct growth entitlement with a lifespan of up to a quarter-century. The third propane export license granted by the National Energy Board (NEB) raised the total volume allowed for foreign sales over 25 years to 1.6 billion bbl to be shipped out at a brisk pace of as much as 222,000 b/d.

California Orders 475 Oilfield Wastewater Wells Closed

Shale Daily

California energy officials said on Wednesday that they have ordered 475 underground injection control (UIC) wells shut down by Feb. 15.

Perry Says He Regrets Saying He Would Dismantle DOE, Calls Climate Change Real

Daily GPI

Former Texas Gov. Rick Perry told lawmakers that he regrets saying he would dismantle the U.S. Department of Energy (DOE) and said he believes climate change is real, making him the third high profile appointment to break from President-elect Donald Trump on the issue.

Standing-Rock-Indian-Reservation-20161010-11

Fate of Dakota Access Pipeline in Hands of Court (or White House)

Shale Daily
The legal, political and regulatory battle that has hobbled the nearly completed Dakota Access Pipeline project marked another legal...

FERC Opens Rate Investigations of Two Interstate NatGas Pipelines

Daily GPI
FERC commissioners voted Thursday to initiate Natural Gas Act Section 5 investigations of the rates charged by two Kinder Morgan Inc. interstate natural gas pipelines -- Natural Gas Pipeline Company of America LLC [RP17-303] and Wyoming Interstate Co. LLC [RP17-302] -- to determine if they are just and reasonable.

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3D"Sign

NGI's Bidweek Alert Day 5 - Dec 30 for January 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.62 to 3.63 --
Florida Gas Zone 1 -- -0.055 to 0.01
NGPL S. TX -- -0.11 to -0.09
Tennessee Zone 0 South -- -0.1225 to -0.115
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.08 to -0.0725
East Texas
Carthage -- -0.09 to -0.09
Houston Ship Channel 3.59 to 3.72 --
Katy 3.62 to 3.67 -0.1275 to -0.1125
NGPL TexOk 3.59 to 3.63 -0.1325 to -0.12
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.135 to -0.135
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 3.40 to 3.65 --
Transwestern 3.51 to 3.51 --
Waha 3.60 to 3.62 --
Midwest
Alliance -- --
ANR ML7 -- 0.58 to 0.58
Chicago Citygate 3.89 to 4.39 0.34 to 0.475
Chicago - Nicor Gas 3.89 to 4.30 0.34 to 0.37
Chicago - NIPSCO 3.98 to 4.39 0.475 to 0.475
Chicago - North Shore -- --
Chicago - Peoples 4.11 to 4.22 --
Consumers Energy -- 0.145 to 0.185
Dawn 4.49 to 4.63 0.68 to 0.83
Emerson -- 0.03 to 0.09
Joliet 4.11 to 4.11 --
Lebanon -- 0.045 to 0.045
Michigan Consolidated 3.85 to 3.95 0.085 to 0.15
Parkway/Union -- 0.8425 to 0.9025
Midcontinent
ANR SW 3.66 to 3.67 -0.09 to -0.075
Enable East 3.50 to 3.50 -0.125 to -0.10
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 3.60 to 3.79 --
Northern Border Ventura -- --
Northern Natural Demarc 3.82 to 4.13 0.30 to 0.30
Northern Natural Ventura 3.97 to 4.25 --
OGT 3.42 to 3.78 -0.17 to -0.17
Panhandle Eastern 3.49 to 3.82 -0.0875 to -0.05
Southern Star 3.62 to 3.80 -0.10 to -0.10
North Louisiana/Arkansas
Perryville 3.74 to 3.74 --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.075 to -0.055
Trunkline Zone 1A -- -0.07 to -0.04
South Louisiana
ANR SE -- -0.05 to -0.04
Columbia Gulf Mainline -- -0.12 to -0.0725
Columbia Gulf onshore -- -0.0825 to -0.065
Florida Gas Zone 2 -- -0.045 to 0.005
Henry Hub -- 0.005 to 0.015
Southern Natural -- -0.0575 to -0.035
Tennessee Line 500 -- -0.0625 to -0.03
Tennessee Line 800 -- -0.07 to -0.06
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.10 to -0.10
Texas Gas Zone SL 2.95 to 2.95 --
Transco Zone 3 3.87 to 3.87 -0.05 to -0.0225
Trunkline E. LA -- -0.06 to -0.03
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to 0.015
Texas Eastern M-1, 30 -- -0.0775 to -0.0775
Transco Zone 4 3.71 to 3.71 -0.04 to -0.0175
Transco Zone 5 -- 1.825 to 1.96
Transco Zone 5 North -- --
Transco Zone 5 South -- 1.825 to 1.96
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.23 to -0.18
Dominion North 3.29 to 3.29 -0.68 to -0.53
Dominion South 3.14 to 3.29 -0.685 to -0.54
Leidy Hub -- --
Millennium East Pool -- -0.825 to -0.60
Tenn Zone 4 200L -- -0.45 to -0.27
Tennessee Zn 4 313 Pool -- -0.65 to -0.575
Tennessee Zn 4 Marcellus -- -0.85 to -0.65
Texas Eastern M-2, 30 Delivery -- -0.455 to -0.43
Texas Eastern M-2, 30 Receipt 3.24 to 3.46 -0.615 to -0.44
Texas Eastern M-3, Delivery -- 1.50 to 1.93
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 3.09 to 3.41 -0.82 to -0.57
Northeast
Algonquin Citygate -- 7.35 to 8.75
Algonquin Receipts -- 1.54 to 1.54
Dracut -- --
Iroquois Zone 2 -- 5.00 to 5.85
Iroquois, Waddington 8.52 to 8.52 4.00 to 4.65
Niagara -- --
Tenn Zone 5 200L -- 0.30 to 0.30
Tenn Zone 5 300L -- --
Tenn Zone 6 200L 12.56 to 12.56 8.50 to 8.80
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY 5.92 to 5.93 1.79 to 2.45
Transco Zone 6 non-NY North 5.92 to 5.93 1.79 to 2.45
Transco Zone 6 non-NY South -- 1.80 to 1.80
Transco Zone 6 NY 8.50 to 9.52 4.75 to 5.65
Rocky Mountains
Cheyenne Hub 3.70 to 3.85 --
CIG 3.45 to 3.85 --
CIG DJ Basin 3.51 to 3.51 --
El Paso Bondad 3.85 to 3.85 --
El Paso non-Bondad 3.46 to 3.71 --
Kern River 3.54 to 3.97 --
Kingsgate -- --
Northwest S. of Green River 3.50 to 3.66 --
Northwest Sumas 4.13 to 5.40 --
Northwest Wyoming Pool 3.88 to 3.89 --
Opal 3.52 to 3.97 --
Questar 3.50 to 3.50 --
Stanfield 3.60 to 3.85 --
Transwestern San Juan 3.49 to 3.82 --
White River Hub 3.67 to 3.77 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 3.54 to 3.95 --
PG&E Citygate 3.92 to 4.08 --
SoCal Citygate 3.85 to 4.25 --
Southern Border, PG&E -- --
Southern Border, SoCal 3.62 to 4.03 --
SoCal Border Avg. 3.62 to 4.03 --
Canada
Empress 3.55 to 3.86 --
NOVA/AECO C 3.25 to 3.65 --
Westcoast Station 2 2.94 to 3.40 --