Story of the Week

FERC Strikes Back, Waives New York Authority Over Millennium's Valley Lateral
NGI Weekly Intel
FERC is weighing in officially on New York’s stance against natural gas, issuing an order on Friday that found... Read More
Valley-lateral-project-20170726

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NGI Weekly Newsletter

September 25, 2017

Mexico’s CRE Suspends Energy Reporting Requirements Following Quake

Mexican regulator Comision Reguladora de Energia suspended reporting requirements for energy market participants for the rest of week, as a result ofthe earthquake that hit central Mexico on Tuesday afternoon.
Gulf-Connector-Project-20170718

Transco’s LNG-Focused Gulf Connector Gets Favorable EA

FERC released a favorable environmental assessment Thursday for Transcontinental Gas Pipe Line Co.'s proposed 475,000 Dth/d...

Antero Nets $1B-Plus in Stock Offering, NatGas Hedge Restructuring

Antero Resources Corp. said Thursday that it earned more than $1 billion through a stock offering and changes to its natural gas hedge portfolio, securing some of the cash it needs to support year/year production growth of 20-22% through 2020. 

Ultra Petroleum's Largest Shareholder Exploring 'Strategic Alternatives'

Months after it restructured and emerged from Chapter 11 bankruptcy proceedings, Ultra Petroleum Corp.’s largest shareholder has hired an investment bank to explore “value-maximizing strategic alternatives” for the company. 
Annual-Anadarko-Petroleum-Average-Basic-Shares-Outstanding-20170921

Anadarko Reiterates 2017 Production Guidance, Launches $2.5B Share Buyback

Anadarko Petroleum Corp. has launched a $2.5 billion share buyback and reaffirmed 2017 production guidance...

Ohio EPA Grants Nexus Certificate; Director Says Agency Learned From ‘Mistakes’ With Rover

The Nexus Gas Transmission pipeline cleared another regulatory hurdle this week when the Ohio Environmental Protection Agency announced that it has issued a water quality certification for the 255-mile, 1.5 Bcf/d natural gas project.
Rover0920

Ohio EPA Calls in AG on Rover Stormwater Permit, Now Seeks $2.3M in Penalties

The Ohio Environmental Protection Agency still wants Rover Pipeline LLC to submit a stormwater permit application and pay $2.3 million in fines, and the regulator has asked the state attorney general to assist in enforcement, Director Craig Butler said Wednesday.
Weekly-Permian-and-Williston-Basin-Drilling-Rig-Count-20170920

Halcon Selling Remaining Williston Assets to Become Permian Delaware Pure-Play

Halcon Resources Corp. agreed to sell its remaining nonoperated assets in the Williston Basin to an undisclosed buyer for $104 million, completing the company's nine-month transformation into a Permian Basin pure-play operator.

Abraxas Hindered by Curtailments, Moving Forward with Permian Wolfcamp Plans

Abraxas Petroleum Corp. said two wells in the Permian Basin targeting the Wolfcamp formation are outperforming expectations, and four more wells are planned before the producer moves forward to test 660-foot spacing on a four-well pad.

First FERC Meeting Since January Has Quorum, But Not Much NatGas

Two empty seats remained on the podium Wednesday for FERC's first monthly public meeting since January, but the recently reconstituted quorum was in attendance, approving three natural gas items and a series of items unrelated to gas. The panel in place promised continued action even as it awaits confirmation of two more members.

Senate Bill Would Streamline FERC NatGas Pipeline Permitting

A bipartisan bill designed to streamline the permitting process for interstate natural gas pipeline projects at FERC was introduced in the Senate on Tuesday, eliciting cheers from several trade associations representing the oil and gas industry.

California Accelerates Alternative Fuel Transportation with $1.5B Allocation

Following up on apreviously announced deal with Gov. Jerry Brown, the California legislature last Friday passed a series of bills that collectively allocates nearly $1.5 billion for alternative fuel vehicles.

NatGas Infrastructure Intact as Mexico City Shaken By Another Quake

Exactly 32 years after a massive earthquake took 10,000 lives in Mexico City, yet another fierce tremor hit the center of the nation on Tuesday, killing more than 200 people but having little effect on energy infrastructure outside of power outages.
Monthly-US-Marketed-NatGas-Production-vs-Rig-Count-20170920

U.S. Natural Gas-Weighted E&Ps Aggressively Spending in 2017, Says RBN Survey

Nine of the largest natural gas-focused U.S. onshore explorers remain “fully committed” to aggressive...
Rover0919

Rover Phase 1B Ready By 4Q, Phase 2 Tracking For Late 1Q2018, ETP Says

Rover Pipeline LLC is wasting no time restarting horizontal directional drilling at key sites now that it has the go-ahead from FERC, but the pipeline's full in-service date could slip to late 1Q2018, Energy Transfer Partners LP said Tuesday.
Nobilis-Maximino-20170919

National Hydrocarbons Commission Launches Mexico’s Second Deepwater Farmout in Perdido Fold Belt

Mexico’s National Hydrocarbons Commission has announced the start of the second deepwater farmout...

CFTC Revising Swaps Rules to Fix 'Flawed' Regulatory Reform, Giancarlo Says

The U.S. Commodity Futures Trading Commission will pursue a reform of swaps trading rules "to fix flawed implementation of regulatory reform," Chairman J. Christopher Giancarlo told a global forum for derivatives markets in Switzerland last week.
Monthly-US-NatGas-Exports-to-Mexico-at-Rio-Grande-TX-via-NET-Mexico-Pipeline-20170919

BP Ramps Up NatGas Service to Eight Mexico States

BP plc, North America’s largest natural gas supplier, is now delivering 200,000 MMBtu/d to Mexico industrial users, local distribution companies and independent producers in eight states.
Jagged-Peak-Energy-Area-of-Operations-20170919

Permian Operator Jagged Peak Blames Hurricane Harvey for Stalled Production

Jagged Peak Energy Inc., which focuses its efforts in the Permian Basin in West Texas, revised down its third quarter guidance, blaming in part Hurricane Harvey-related curtailments.

East STACK NatGas System to Serve Southeastern Oklahoma

A new natural gas gathering system in southeastern Oklahoma is underway to serve producers working in a growing area of the myriad stacked reservoirs.

With Unanimous Committee Support, Two FERC Nominees Face Senate Floor Vote

The nominations of Kevin McIntyre and Richard Glick to FERC received the support of the Senate Energy and Natural Resources Committee Tuesday and were sent to the full Senate for consideration.

New Wells Put Rex Energy on Track to Meet Production Guidance

Rex Energy Corp. turned 12 wells to sales during the third quarter in western Pennsylvania that put it on target to meet quarterly and full-year guidance after production snags hampered volumes in 2Q2017.

Synchronicity for Global Natural Gas Prices As Buyers Get Upper Hand

Natural gas may be difficult to store and move across continents, but global prices have begun to converge, and more projects could be launched in 2019.
Monthly-North-Dakota-Oil-Production-and-Sweet-Crude-Prices-20170918

North Dakota’s Bakken Production, Prices Inch Upward in July

North Dakota’s Bakken Shale oil and natural gas production edged up slightly in July, despite price-related pressures...
proposed_transco_atlantic_sunrise_project-201308121

FERC Clears Atlantic Sunrise to Move Forward With Construction

FERC has authorized Transcontinental Gas Pipe Line Co. LLC (Transco) to proceed with construction of the 183-mile greenfield portion of the Atlantic Sunrise project.
2017-09-15-Resolute-Aneth-Sales

Resolute Sells Aneth Field in Utah to Focus on Permian

Resolute Energy Corp., which has turned its operational focus to the Permian Basin, has agreed...
Valley-Lateral-Project-20170726

FERC Strikes Back, Waives New York Authority Over Millennium's Valley Lateral

FERC is weighing in officially on New York’s stance against natural gas, issuing an order on Friday that found...
2017-09-15-Pacific-Northwest-LNG

With Pacific NorthWest LNG Scuttled, Pipeline Proposal Orphaned, Says TransCanada

No candidate has emerged to adopt a C$5 billion ($4 billion) orphan pipeline project deserted in British Columbia (BC) by former sole customer Pacific NorthWest LNG, according to TransCanada Corp.

Aurora LNG Scraps Terminal, Second BC Cancellation in Two Months

The crowded liquefied natural gas (LNG) market on Thursday took its second Canadian casualty this summer, when an Asian partnership scrapped a jumbo terminal project on the Pacific coast of British Columbia (BC).

People -- California PUC

Enviros Try to Stall as Atlantic Sunrise Gears Up For Greenfield Construction

A coalition of environmental groups is urging FERC to deny Transcontinental Gas Pipe Line Co.'s (Transco) requests to begin construction on the 183-mile greenfield portion of its Atlantic Sunrise expansion.

House Approves $1.2T Funding Package, Targets Obama-Era Emission, Carbon Rules

House lawmakers passed a $1.2 trillion package of appropriations bills for the next fiscal year on Thursday, but not before Republicans successfully added four amendments targeting Obama-era rules, including those governing methane emissions and the "social cost of carbon."
Rover Tracker.png

Ohio EPA Asks FERC to Wait as Rover Pushes For HDD Restart

Rover Pipeline LLC continues to press FERC on a request to restart horizontal directional drilling (HDD), filing supplemental information and third-party analyses to persuade the Commission to lift a May moratorium.

Pennsylvania House Budget Plan Avoids NatGas Taxes

The Republican-controlled Pennsylvania House late Wednesday narrowly passed a plan to fund the state’s $32 billion budget and plug its $2 billion-plus deficit, which does not include a severance tax on unconventional natural gas production like its Senate counterpart.

3D"Sign

NGI's Bidweek Alert Day 5 - August 31 for September 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 -0.08
Tennessee Zone 0 South -- -0.16 to -0.16
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- -0.115 to -0.115
Houston Ship Channel -- -0.04 to -0.04
Katy -- -0.035 to -0.03
NGPL TexOk 2.75 to 2.75 -0.16 to -0.12
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.53 to 2.59 --
Transwestern 2.54 to 2.57 --
Waha 2.55 to 2.56 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.76 to 2.81 --
Chicago - Nicor Gas 2.76 to 2.78 --
Chicago - NIPSCO 2.80 to 2.81 --
Chicago - North Shore -- --
Chicago - Peoples 2.80 to 2.80 --
Consumers Energy -- -0.065 to -0.04
Dawn 2.86 to 2.92 -0.06 to -0.0225
Emerson 2.48 to 2.52 -0.44 to -0.36
Joliet -- --
Lebanon -- -0.16 to -0.16
Michigan Consolidated 2.82 to 2.84 -0.085 to -0.075
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.15 to -0.15
REX into NGPL - Moultrie -- -0.16 to -0.155
REX into PEPL - Putnam -- -0.15 to -0.15
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.335 to -0.325
Enable East -- -0.265 to -0.25
Enable West -- --
NGPL Midcontinent 2.63 to 2.63 -0.315 to -0.315
Northern Border Ventura -- --
Northern Natural Demarc 2.73 to 2.74 -0.17 to -0.17
Northern Natural Ventura 2.70 to 2.75 --
OGT 2.30 to 2.32 --
Panhandle Eastern -- -0.42 to -0.3825
Southern Star -- -0.43 to -0.42
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.11
Trunkline Zone 1A -- -0.13 to -0.125
South Louisiana
ANR SE -- -0.10 to -0.095
Columbia Gulf Mainline -- -0.12 to -0.10
Columbia Gulf onshore -- -0.085 to -0.07
Florida Gas Zone 2 -- --
Henry Hub -- -0.01 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.07 to -0.07
Tennessee Line 800 -- -0.10 to -0.09
Texas Eastern E. LA -- -0.10 to -0.085
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.055 to -0.045
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.035 to -0.015
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.0425
Transco Zone 5 -- 0.0125 to 0.025
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0125 to 0.025
Appalachia
Columbia Gas -- -0.18 to -0.17
Dominion North -- -1.28 to -1.275
Dominion South 1.62 to 1.64 -1.335 to -1.19
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.98 to -0.87
Tennessee Zn 4 313 Pool -- -1.02 to -0.98
Tennessee Zn 4 Marcellus -- -1.425 to -1.37
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.38 to -1.26
Texas Eastern M-3, Delivery -- -1.28 to -1.07
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.375 to -1.24
Northeast
Algonquin Citygate -- -0.70 to -0.61
Algonquin Citygate (non-G) -- -0.70 to -0.61
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.515 to -0.29
Iroquois, Waddington -- --
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.625 to -0.625
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.55 to -0.35
Transco Zone 6 non-NY North -- -0.55 to -0.35
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.59 to -0.445
Rocky Mountains
Cheyenne Hub 2.56 to 2.57 --
CIG 2.55 to 2.56 --
CIG DJ Basin 2.51 to 2.51 --
El Paso Bondad -- --
El Paso non-Bondad 2.55 to 2.56 --
Kern River 2.61 to 2.64 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 2.52 to 2.58 --
Northwest Wyoming Pool 2.60 to 2.60 --
Opal 2.59 to 2.66 --
Questar -- --
Stanfield 2.62 to 2.62 --
Transwestern San Juan 2.57 to 2.61 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.69 to 2.73 --
PG&E Citygate 3.33 to 3.36 --
SoCal Citygate 3.17 to 3.29 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.81 to 2.98 --
SoCal Border Avg. 2.81 to 2.98 --
Canada
Empress 1.65 to 2.02 --
NOVA/AECO C 1.14 to 1.80 --
Westcoast Station 2 -- --