Story of the Day

Blockbuster Jaguar, Vista JV May Open Avenues for Natural Gas Development in Mexico
Blockbuster Jaguar, Vista JV May Open Avenues for Natural Gas Development in Mexico

View Archived Issues

NGI All News Access

May 25, 2018

Markets

EIAStorage05181

Forecasts Advertise Plenty of Cooling Demand as Weekly Natural Gas Market Rises

NGI Weekly Gas Price Index
The week in natural gas saw forecasts turn hotter, and the prospect of rising cooling demand lifted both the futures and spot markets; the NGI Weekly National Spot Gas Average climbed 10 cents to $2.48/MMBtu.

Natural Gas Futures Near Even as East Seen Milder in June

Daily GPI
Natural gas futures bulls ran out of steam Friday, at least temporarily, with the prompt-month finishing near even as forecasters pointed to milder conditions expected over the East by the second week of June.
EIAStorage0518

Strong Power Burns, Persistent Storage Deficit Fuel Natural Gas Forwards

Forward Look
June natural gas forward prices shot up an average 10 cents from May 18-24 as sweltering heat on tap across the United States in the coming weeks was expected to continue driving strong power burns.

Trump Tweets and OPEC Reacts, Promising More Global Oil Supply in ‘Near Future’

Shale Daily
The Organization of the Petroleum Exporting Countries and its allies, including Russia, could ramp up more oil to global markets “in the near future” to fill the gap from U.S. sanctions on Iran and the loss of Venezuela output, the Saudi Arabia energy minister said Friday.

June Natural Gas Called Higher as Market Seen Pivoting on Weekend Weather Changes

Daily GPI
The June natural gas contract was set to open Friday slightly higher at around $2.943/MMBtu as overnight guidance continued to advertise hot temperatures continuing through the early part of next month, according to forecasters.
EIAStorage0524.png

EIA Storage Build Close to Estimates as Natural Gas Futures Keep Climbing; Spot Prices Mixed

Daily GPI
Natural gas futures bulls continued to gain ground Thursday after government storage data showed a weekly injection only large enough to make a small dent in deficits. In the spot market, prices were mixed as forecasters see Lower 48 cooling demand increasing over the weekend and into next week; the NGI National Spot Gas Average dropped 2 cents to $2.51/MMBtu.

More in Markets...

E&P

Callon’s $750M Permian Deal with Cimarex to Expand Lateral Drilling Opportunities

Shale Daily
Permian Basin-focused Callon Petroleum Co. has picked up more West Texas acreage in a $750 million deal with Cimarex Energy Co. that would allow it to drill longer lateral wells.
Vista-and-Jaguar-Logos-20180525

Blockbuster Jaguar, Vista JV May Open Avenues for Natural Gas Development in Mexico

A relatively modest joint venture (JV) by two Mexican companies, both with huge financial and technical resources, could lead to a revitalized natural gas industry in a nation that now is dependent on massive imports from the United States.
bakersd0525

Permian Riding High in Latest Baker Hughes Rig Count

Shale Daily
Oil was king for the week ending May 25 as the number of rigs on the hunt in the United States increased by 15 rigs to 859 over the previous week, according to Baker Hughes Inc. data.
Monthly-North-Dakota-Sweet-Crude-Price-20180525

Continental’s Bakken Well Returns Double in Year’s Time, Exec Says

Shale Daily
Touting 165% returns on some wells this year in the Bakken Shale, the president of Continental Resources Corp., North Dakota’s top producer, said Thursday overall returns on new wells have doubled in less than a year.
Monthly-North-Dakota-Field-Production-of-Crude-Oil-20180524

Koch Industries Looking to Bakken for More Oil Exports

Shale Daily
Koch Industries is actively trading U.S.-produced oil to Europe and Asia, and more Bakken production from North Dakota...
Monthly-Eagle-Ford-Well-Completions-20180524.png

More Frack Sand Headed to Eagle Ford with Black Mountain Expansion

Shale Daily
Black Mountain Sand is expanding its operations into the Eagle Ford Shale with the acquisition of 2,400 acres in South Texas.

More in E&P...

Infrastructure

CSB Recommends Industry Prepare for Extreme Weather Events Following Harvey-Related Incident

Daily GPI
In its final report regarding a chemical plant fire in Crosby, TX, in the aftermath of Hurricane Harvey, the U.S. Chemical Safety Board called for more robust industry guidance to ensure hazardous chemical facilities are better prepared for extreme weather events.

ACP, MVP Permits Face Additional Challenges as Opposition Intensifies

Daily GPI
In what’s been a tumultuous stretch for Appalachian infrastructure projects, the U.S. Army Corps of Engineers has indefinitely suspended Mountain Valley Pipeline LLC’s Nationwide Permit 12 verifications until it determines whether there are violations of the water quality certification in West Virginia.

Bakken Facing Two-Phase, $9B Infrastructure Build-Out

Shale Daily

North Dakota’s Bakken Shale’s next infrastructure buildout for growing crude oil production should begin in about two years, with overall needs estimated to cost $9 billion, according to the state’s chief oil and gas regulator.

PJM-2021-2022-Capacity-Prices-20180525

PJM Auction Adds More Natural Gas Capacity Versus Year Ago

Daily GPI
Natural gas continued to gain in PJM Interconnection’s annual capacity auction held this month...

Natural Gas Transportation Shows Three Faces: CNG, LNG, RNG

Daily GPI
Advances in natural gas transportation this month have shown a split personality, promoting a tripartite look involving liquefied natural gas, compressed natural gas and renewable natural gas.

FERC Extends Comment Period on Revising Natural Gas Pipeline Process

Daily GPI
Citing the “complexity of the issues" and a desire to "ensure the best possible record," FERC has prolonged the public comment period regarding a proposal to possibly revise its policies for reviewing and authorizing new interstate natural gas transportation facilities until late July.

More in Infrastructure...

Regulatory

House Bill Would Bring Parity, Encourage Use of NatGas for Transportation

Daily GPI

Reps. Markwayne Mullin (R-OK) and John Larson (D-CT) introduced legislation Thursday designed to bring parity and encourage the use of natural gas as a transportation fuel.

Trump Administration Sued Over Bird Protection Law

Shale Daily
Two conservation groups sued the Trump administration over its interpretation of the Migratory Bird Treaty Act, a law that onshore oil and natural gas producers try to follow as they look to minimize the impact their operations have on several bird species, including the greater sage grouse and the lesser prairie chicken.

North Dakota Following Trump’s Lead, Pursuing ‘Regulatory Lite’ Energy Policies

Shale Daily
North Dakota regulators are pursuing energy policy reform, embracing collaboration with the industry and channeling the Trump administration’s goals.

Recent NAFTA Talks With Mexico, Canada Labeled ‘Good’ By U.S. Treasury Secretary

The Trump administration is focused on reaching a trade deal with Canada and Mexico over the North American Free Trade Agreement (NAFTA), and wants Congress to ultimately approve any changes, according to Treasury Secretary Steven Mnuchin.
Mariner-East-Pipeline-Project-20180208.png

Once Again, Mariner East’s Pennsylvania Operations, Some Construction Face Indefinite Halt

Shale Daily
Pennsylvania regulators have once again halted Mariner East 1 operations just weeks after a similar suspension was lifted, this time granting an emergency order that lays out a laundry list of requirements that Energy Transfer Partners LP subsidiary Sunoco Pipeline must meet before natural gas liquids can resume moving on the system.

Oklahoma Judge Approves Quake Lawsuit Class Action; More Wastewater Wells Shut

Shale Daily
A judge in Oklahoma has determined that a lawsuit filed after an earthquake, currently the second most powerful temblor recorded in the state's history, can move forward with class action status.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 2 - May 25th 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 -- -0.12 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- --
East Texas
Carthage -- -0.12 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk -- -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 1.97 -1.08 to -1.06
Transwestern -- --
Waha -- --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.70 to 2.74 --
Chicago - Nicor Gas -- --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn -- -0.205 to -0.185
Emerson -- -0.39 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated -- -0.22 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
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 -- -0.65 to -0.65
Enable East -- -0.29 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 2.53 to 2.58 --
Northern Natural Ventura 2.54 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.32 to 2.32 -0.67 to -0.66
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 -- -0.17 to -0.17
Columbia Gulf Mainline -- -0.1575 to -0.1475
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.055 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 -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.04 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.02
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.035 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.23 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.675 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.37 to -1.30
Tenn Zone 4 200L -- -0.45 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.40 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 -- -1.38 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 -- -0.26 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 -- -0.22 to -0.18
Transco Zone 6 non-NY North -- -0.22 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 -- --
Kingsgate -- --
Northwest S. of Green River 2.06 to 2.06 --
Northwest Sumas 1.45 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.12 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
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 3.10 to 3.12 --
SoCal Citygate 3.41 to 3.51 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.43 --
SoCal Border Avg. 2.27 to 2.43 --
Canada
Empress -- --
NOVA/AECO C 0.83 to 0.90 --
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.