Story of the Week

E&Ps Lured to Deepwater, with BOEM Auction Drawing Two Bids Above $20M, Four at $10M-Plus
NGI Weekly Intel
The Gulf of Mexico oil and natural gas auction held Wednesday attracted two high bids for more than... Read More
Central-planning-area-lease-sale-247--20170322

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NGI Weekly Newsletter

March 27, 2017

Mammoth Secures More Frack Sand With Chieftain Acquisition

Two days after Mammoth Energy Services Inc. snapped up key onshore oilfield assets, including a major sand supplier, the Oklahoma City-based company on Thursday picked up substantially all of the assets of Chieftain Sand and Proppant LLC for $35.25 million.
Map-of-STACK-Operators-by-Focus-Area-20170323

Gastar Stacking It Higher in the STACK

Gastar Exploration Inc. has acquired additional working and net revenue interests in 66 gross (9.5 net) producing wells and 5,670 net acres of additional STACK oil and gas leasehold in Kingfisher County, OK.

NGI-Permian-Sub-Basin-Rig-Counts-20170323

Centennial's Papa Sees Permian Output From Delaware Climbing 72% Per Year to 2020

Permian Basin pure-play Centennial Resource Development Inc., which under the tutelage of former EOG Resources Inc. chief Mark Papa...

Federal Judge Dismisses Claim of FERC NatGas Bias

A federal judge on Wednesday dismissed a lawsuit filed by the Delaware Riverkeeper Network (DRN) that had alleged FERC is "structurally biased" toward approving natural gas pipeline projects because of the fees it collects from the industry.

House Democrat Wants Zinke to Testify on Interior's Budget

The ranking member of the House Committee on Natural Resources urged the committee's chairman to have Department of Interior (DOI) Secretary Ryan Zinke testify before the panel "as soon as possible" following President Trump's proposed $1.5 billion budget cut to DOI.

Major LNG Buyers Join Forces For Better, More Flexible Terms

Three top global liquefied natural gas (LNG) buyers have agreed to cooperate in the “joint procurement of LNG” as global LNG consumers continue to seek more flexible contract terms and favorable prices.
Spectra-Energy-Atlantic-Bridge-Project-20151023-11-1

NatGas Pipeline Protesters Still Hammering FERC Over Lack of Quorum

Pipeline opposition groups continue to cite FERC's lack of a quorum in procedural arguments as they seek to stall...

Aliso Remains Under Siege by Area Residents, Local Officials

California's largest underground natural gas storage facility north of Los Angeles on Tuesday continued to be lambasted by residents and local government officials who told a state legislative hearing in Sacramento that the facility is unsafe, still leaks constantly and is the cause of continuing health problems for nearby residents of an upscale housing development.

New Jersey Senators Tell FERC to Investigate Arsenic Concerns from PennEast Pipeline

U.S. Sens. Cory Booker (D-NJ) and Robert Menendez (D-NJ) have asked FERC to investigate concerns raised by several federal agencies over the proposed PennEast natural gas pipeline, including the risk of possible arsenic contamination.

Sabine Pass Pull on Gas Market to Grow in Q2

With Sabine Pass Train 3 online and Train 4 poised to begin taking feedgas in the coming days, Cheniere Energy Inc.'s Louisiana liquefied natural gas (LNG) export terminal could be pulling 3 Bcf/d from the U.S. natural gas market by the second quarter, Barclays Research said in a note Wednesday.

Texas Petitions Court to Join BLM Lawsuit Over Venting/Flaring Rule

Texas has asked a federal district court for permission to join three states and two industry groups in a lawsuit against the Department of Interior over a final rule to reduce venting and flaring from oil and gas operations on public and tribal lands.

Enbridge Cutting Workforce in Realignment After Spectra Acquisition

Calgary-based Enbridge Inc. said Wednesday it would take "the difficult but necessary step" to eliminate 1,000 jobs company-wide in order to reduce the duplicative positions that emerged after it acquired Houston-based Spectra Energy Corp.
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Kinder Proposing Permian-to-Gulf Coast NatGas Pipeline

Kinder Morgan Texas Pipeline LLC is holding a nonbinding open season through April 20 for firm service on its proposed Gulf Coast Express Pipeline, which would provide an outlet for production from the Permian Basin to markets along the Texas Gulf Coast.
Central-Planning-Area-Lease-Sale-247--20170322

E&Ps Lured to Deepwater, with BOEM Auction Drawing Two Bids Above $20M, Four at $10M-Plus

The Gulf of Mexico oil and natural gas auction held Wednesday attracted two high bids for more than...
Proposed-Trans-Pecos-Pipeline-Map-2015072711

Texas-to-Mexico Trans-Pecos Pipeline Entering Service March 31

Trans-Pecos Pipeline LLC on Wednesday asked FERC for permission to place into service the natural gas pipeline project’s Presidio Crossing. The Trans-Pecos system is slated to come online March 31, according to a company spokeswoman.
newmarket20170321

FERC Gives Dominion Permission to Start Building New Market Project

Nearly three years after Dominion Transmission Inc. first filed to build the New Market Project in upstate New York, FERC has given the company permission to begin its construction.

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Fewer Rigs, Wells And Less Spending Show in Ohio's 4Q Shale Production

The decline in rig counts, less spending and a smaller backlog of drilled but uncompleted (DUC) wells that persisted as 2016 came to an end...

Cheniere Ready to Flip Switch on Sabine Pass Third Train

The third train of Cheniere Energy Inc.’s  Sabine Pass liquefied natural gas (LNG) terminal in Louisiana is ready to enter service, Cheniere told FERC in a letter Monday, and the Commission on Tuesday approved commencement of operations.

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‘Plastics,’ Pennsylvania Governor Says, And Petchems, Too

Pennsylvania has a “once-in-a-generation opportunity” to snare between $2.7 billion and $3.7 billion in natural gas liquid investment, sparking a “manufacturing renaissance” that includes more ethane cracking plants, petrochemical and plastics facilities, Gov. Tom Wolf said Tuesday.

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White Star Adding to Midcontinent Position in Three Deals

Oklahoma City-based independent White Star Petroleum LLC said Tuesday it is adding roughly 49,000 net acres to its position in the Midcontinent through three separate transactions.

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Marathon Hits Stride in Permian With $700M Deal

Marathon Oil Corp. is buying again in the Permian Basin. The company is acquiring about 21,000 net surface acres, largely in the Northern Delaware basin of New Mexico, from Black Mountain Oil & Gas and other private sellers for $700 million in cash.

Plugging, Disclosing Leaks Becoming Routine at Aliso Canyon

In the past three months, Southern California Gas Co. (SoCalGas) has reported various leaks at its closed Aliso Canyon underground natural gas storage complex. The latest incident, albeit small, happened Friday with a "minor leak" in an eight-inch diameter above-ground pipeline.

First Online Lease Auction 'Big Win' For Wyoming Lands Agency

Wyoming's three designated funds collectively grossed nearly $30 million from the state's first online oil and natural gas lease auction earlier this month, the Wyoming Office of State Lands and Investment (OSLI) said on Monday.
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Canada NatGas Prospects Deteriorate as U.S. Shale Supply Flourishes

Canadian natural gas producers will cut but not eliminate financial losses until late 2018 as stiff competition continues from U.S. unconventional...

Acting PA DEP Head Slams Proposed EPA Budget Cuts

The head of Pennsylvania's Department of Environmental Protection (DEP) has denounced the Trump administration's proposed cuts to the Environmental Protection Agency (EPA), revealed last week as part of a $1.6 trillion budget proposal.

TransCanada Untethers North Montney Mainline Construction from Stalled LNG Terminal

TransCanada Corp. moved Monday to accelerate expansion in British Columbia (BC) by breaking a pipeline project’s previous reliance on stalled liquefied natural gas (LNG) export terminal construction on the northern Pacific coast.

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BofA Merrill Lynch Running with Gas Bulls Through 2017

A warm winter and supple supply may have paused the U.S. natural gas price recovery, but BofA Merrill Lynch Global Research is keeping...

Constitution Pipeline Suffers Another Blow With Federal Court Ruling

In yet another setback for the Constitution Pipeline a federal court in New York has dismissed its sponsors' lawsuit challenging state permitting requirements.
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GOP Maryland Governor Reverses Course, Supports Fracking Ban

Maryland Gov. Larry Hogan, in a policy announcement late Friday, called for a statewide ban on hydraulic fracturing, clearing the way...

NEB Scrutinizing Entire BC NatGas Transportation Grid

Recurring international disputes over separate delivery branches have escalated into a potential overall review of pipeline tolls and services for natural gas exports out of British Columbia.
Weekly-EIA-L48-Working-Gas-in-Storage-Difference-to-5-Yr-Avg-vs-Henry-Hub-Futures-Price-20170317-v2

No Luck For NatGas Forwards: Small Storage Draw, Mild Temps Pressure Prices Lower

Natural gas forwards markets slid an average of 11 cents at the front of the curve between March 10 and 16...
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U.S. NatGas Rigs Return, But Oil Still Favored

Six natural gas rigs returned to U.S. activity during the week just passed, and 14 oil rigs joined the hunt, according to Baker Hughes Inc. Meanwhile, Canadian rigs are getting out of the patch for spring breakup.

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DUCs Help Pennsylvania Set Another NatGas Production Record

Despite the commodities downturn that dogged Appalachian producers for most of 2016, natural gas production in Pennsylvania set another record last year when it increased 11% from 2015 to 5.1 Tcf, according to recently released data from the state Department of Environmental Protection.
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Frack Sand Operators Say U.S. Onshore Outlook Just Beachy

As the oil and natural gas recovery takes hold in North America, proppant operators are seeing better-than-expected demand...
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Cheniere Commits to Midship Pipeline, Offering Additional Capacity

Cheniere Energy Inc.’s Midship Pipeline Co. LLC has secured customer precedent agreements to support its 200-mile, 36-inch diameter interstate pipeline project and has launched a binding open season.

3D"Sign

NGI's Bidweek Alert Day 2 - Mar. 28 for April 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 -- -0.085 to -0.085
Tennessee Zone 0 South -- -0.12 to -0.11
Texas Eastern S. TX -- -0.07 to -0.07
Transco Zone 1 -- --
East Texas
Carthage -- --
Houston Ship Channel -- --
Katy -- -0.035 to -0.035
NGPL TexOk 2.90 to 2.95 -0.155 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.10 to -0.10
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.56 to 2.62 --
Transwestern -- --
Waha 2.64 to 2.70 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.96 to 3.04 --
Chicago - Nicor Gas 3.02 to 3.04 --
Chicago - NIPSCO 2.96 to 2.96 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.03 to -0.025
Dawn 3.21 to 3.22 -0.0125 to 0.15
Emerson -- -0.43 to -0.30
Joliet -- --
Lebanon -- -0.16 to -0.16
Michigan Consolidated -- -0.0625 to -0.055
Parkway/Union -- -0.0125 to 0.16
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.17 to -0.17
REX into NGPL - Moultrie 2.89 to 2.89 -0.175 to -0.165
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- -0.15 to -0.15
Midcontinent
ANR SW 2.63 to 2.69 -0.40 to -0.38
Enable East 2.82 to 2.82 -0.24 to -0.22
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.67 to 2.73 --
Northern Border Ventura -- --
Northern Natural Demarc 2.77 to 2.86 --
Northern Natural Ventura 2.80 to 2.83 --
OGT 2.60 to 2.66 -0.47 to -0.47
Panhandle Eastern 2.62 to 2.71 -0.41 to -0.39
Southern Star 2.57 to 2.65 -0.43 to -0.43
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.115
Trunkline Zone 1A -- -0.115 to -0.11
South Louisiana
ANR SE -- -0.09 to -0.09
Columbia Gulf Mainline -- -0.115 to -0.1125
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- --
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.0525
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to -0.035
Texas Eastern M-1, 30 -- -0.11 to -0.11
Transco Zone 4 -- -0.0675 to -0.0625
Transco Zone 5 -- 0.005 to 0.01
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.005 to 0.01
Appalachia
Columbia Gas -- -0.185 to -0.18
Dominion North -- -0.50 to -0.495
Dominion South -- -0.51 to -0.47
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.405 to -0.40
Tennessee Zn 4 313 Pool -- -0.43 to -0.43
Tennessee Zn 4 Marcellus -- -0.67 to -0.63
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.53 to -0.485
Texas Eastern M-3, Delivery -- -0.46 to -0.415
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.615 to -0.575
Northeast
Algonquin Citygate -- 0.05 to 0.07
Algonquin Citygate (non-G) -- 0.05 to 0.07
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.05 to 0.08
Iroquois, Waddington -- 0.05 to 0.05
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.11 to 0.15
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.38 to -0.34
Transco Zone 6 non-NY North -- -0.38 to -0.34
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.40 to -0.35
Rocky Mountains
Cheyenne Hub 2.61 to 2.62 --
CIG 2.59 to 2.59 --
CIG DJ Basin -- --
El Paso Bondad 2.60 to 2.62 --
El Paso non-Bondad 2.59 to 2.62 --
Kern River 2.64 to 2.65 --
Kingsgate -- --
Northwest S. of Green River 2.60 to 2.63 --
Northwest Sumas 2.30 to 2.30 --
Northwest Wyoming Pool -- --
Opal 2.65 to 2.68 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.69 to 2.69 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.74 to 2.75 --
California
Malin 2.68 to 2.75 --
PG&E Citygate 3.20 to 3.26 --
SoCal Citygate 2.97 to 3.05 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.72 to 2.77 --
SoCal Border Avg. 2.72 to 2.77 --
Canada
Empress -- --
NOVA/AECO C 2.44 to 2.51 --
Westcoast Station 2 -- --