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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

Apache’s Permian Natural Gas Volumes Jump 42%, Oil Up 10%

Shale Daily
Apache Corp.’s Permian Basin oil and gas production topped a record during the fourth quarter, with natural gas, oil and liquids volumes all claiming double-digit growth year/year.

Both Oil, Natural Gas Assets Still on Table as Chesapeake Continues Divestments

Shale Daily
Chesapeake Energy Corp. won’t discriminate between its oil and natural gas properties this year as it looks to keep unloading assets in an ongoing quest to get leaner and cut another $2-3 billion of debt from its balance sheet. 

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.

More in E&P...

Infrastructure

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Haynesville Natural Gas Infrastructure to Expand under Tellurian Proposal

Shale Daily
Houston-based Tellurian Inc. is testing support to build a 42-inch diameter natural gas pipeline that would connect up to 2 Bcf/d of Haynesville and Bossier shale volumes to customers in southwestern Louisiana.

Rover Phase 2 Ramping Up in Increments, Full Service Delayed to 2Q2018

Daily GPI
Full service on the Rover Pipeline will slip to the second quarter of this year, although the project is to ramp up in increments over the next few months, management for sponsor Energy Transfer Partners LP said Thursday.
Destination-of-Sabine-Pass-Cargoes-20180222

Cheniere LNG Exports Surge, with More Trains Underway

Daily GPI
Cheniere Energy Inc. more than tripled liquefied natural gas exports last year from its Sabine Pass export terminal in Cameron Parish, LA, while narrowing its annual losses and posting a more than four-fold increase in annual revenues.

Clean Energy Hitches onto SoCal Port Trucking Association

Daily GPI
Zeroing in on California’s Long Beach and Los Angeles ports as a major source of the region's air pollution, Clean Energy Fuels Corp. has forged a partnership with the Harbor Trucking Association to be the fuel supplier for more than 8,000 drayage trucks.
Arbuckle-II-Pipeline-and-MB-4-Fractionation-Facility-20180222

Oneok Adding NGL Pipeline, Fractionation Facility, Processing Plant to Capital Growth Plans

Shale Daily
Oneok Inc. plans to invest $2.3 billion by 2020 on projects including a Midcontinent-to-Gulf Coast natural gas...
Energia-Costa-Azul-LNG-Terminal-and-Nearby-Natural-Gas-Pipelines-20180222-v2

IEnova Presses on with Costa Azul Liquefaction Project on Mexico’s West Coast

Infraestructura Energetica Nova (IEnova) is moving ahead with a project to convert its Energia Costa Azul liquefied natural gas (LNG) import terminal in Mexico to a liquefaction facility for exports to Pacific markets.

More in Infrastructure...

Regulatory

Federal Tax Reform Act a 'Win-Win' for Customers, Says Southern CEO

Daily GPI
While committing Atlanta-based Southern Company's future tightly to its network of retail natural gas and electric utilities instead of traditional wholesale power operations, CEO Tom Fanning on Wednesday touted the benefits of federal tax reform.

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.
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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 1 - February 22 for March 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 -- --
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- --
Houston Ship Channel -- --
Katy -- --
NGPL TexOk -- -0.15 to -0.15
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.87 to 1.98 --
Transwestern 1.91 to 1.93 --
Waha 1.90 to 1.95 --
Midwest
Alliance -- -0.075 to -0.075
ANR ML7 -- --
Chicago Citygate 2.56 to 2.58 --
Chicago - Nicor Gas 2.56 to 2.58 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- --
Dawn -- 0.005 to 0.025
Emerson -- -0.06 to -0.04
Joliet -- -0.075 to -0.075
Lebanon -- --
Michigan Consolidated -- -0.1375 to -0.1275
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.15 to -0.15
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.15 to 2.17 --
Enable East -- --
Enable West -- --
NGPL Midcontinent -- -0.44 to -0.43
Northern Border Ventura -- --
Northern Natural Demarc 2.49 to 2.50 -0.14 to -0.14
Northern Natural Ventura 2.48 to 2.48 -0.16 to -0.16
OGT -- -0.99 to -0.93
Panhandle Eastern -- --
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- --
Trunkline Zone 1A -- -0.135 to -0.135
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1525 to -0.1475
Columbia Gulf onshore -- -0.15 to -0.15
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0725 to -0.0725
Tennessee Line 500 -- -0.075 to -0.075
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- -0.02 to -0.02
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.02 to 0.02
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.015 to -0.01
Transco Zone 5 -- --
Transco Zone 5 North -- --
Transco Zone 5 South -- --
Appalachia
Columbia Gas -- -0.275 to -0.265
Dominion North -- --
Dominion South -- -0.54 to -0.53
Leidy Hub -- --
Millennium East Pool -- -0.655 to -0.65
Tenn Zone 4 200L -- -0.20 to -0.16
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.785 to -0.78
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- --
Texas Eastern M-3, Delivery -- -0.18 to -0.175
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.67 to -0.64
Northeast
Algonquin Citygate -- 1.20 to 1.20
Algonquin Citygate (non-G) -- 1.20 to 1.20
Algonquin Receipts -- --
Iroquois Zone 2 -- --
Iroquois, Waddington -- 0.30 to 0.30
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- --
Transco Zone 6 non-NY North -- --
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- --
Rocky Mountains
Cheyenne Hub 2.20 to 2.20 --
CIG 2.20 to 2.24 --
CIG DJ Basin 2.12 to 2.12 --
El Paso Bondad -- --
El Paso non-Bondad 2.05 to 2.09 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.18 to 2.19 --
Northwest Sumas 1.95 to 2.03 --
Northwest Wyoming Pool -- --
Opal 2.18 to 2.18 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.16 to 2.16 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.24 to 2.27 --
PG&E Citygate 2.77 to 2.82 --
SoCal Citygate 3.25 to 3.28 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.32 to 2.55 --
SoCal Border Avg. 2.32 to 2.55 --
Canada
Empress 2.39 to 2.40 --
NOVA/AECO C 1.57 to 1.60 --
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.