Story of the Week

Mexico’s Open Capacity Natural Gas Market Off to Smooth Start, Cenagas Says
NGI Weekly Intel
The first days of operations under Mexico’s new natural gas capacity reservation system have gone... Read More
Annual-mexico-natgas-production-vs-gross-imports-from-the-us-2017071111

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NGI Weekly Newsletter

July 17, 2017

REX Open Seasons Generate 180,000 Dth/d in Firm Commitments East-to-West

Rockies Express Pipeline LLC and operator Tallgrass Energy Partners LP said Wednesday a series of open seasons for an incremental 180,000 Dth/d of east-to-west capacity has resulted in firm commitments expected to generate $13 million in revenue this year.

NatGas Industry Groups Join In Call For Senate Action on FERC Nominations

More than two dozen associations, including some representing the natural gas industry, are pressing the Senate to confirm President Trump's nominations to FERC, nominally a five-member commission, currently in limbo with only one commissioner.

DOE Secretary Perry in Mexico Calls For Streamlined Cross-Border Infrastructure Permitting

Department of Energy Secretary Rick Perry told his Mexican counterpart on Thursday that he wants to streamline the permitting process for cross-border energy infrastructure, including natural gas pipelines, calling them "absolutely vital facilitators of energy trade."

U.S. Natural Gas Fueling ‘Second Revolution’ in Rising LNG Supply, Says IEA

A major transformation of the global natural gas market is underway, driven by new supplies coming from the United States to meet growing demand in developing economies and as industry surpasses the power sector as the largest source of gas demand growth, according to the International Energy Agency.

Eni Raises Reserves in Amoca Field Offshore Mexico to 1 Billion Boe

Italy’s Eni SpA has raised the resource estimate of its Amoca field offshore Mexico in Campeche Bay after drilling and testing its first well, which indicated “significant oil levels” in the Orca and Cinco Presidentes formations.
Monthly-US-EIA-Drilled-But-Uncompleted-DUCs-Well-Totals-20170713

Slow U.S. DUC Drawdown Unlikely to Swing Oil Supply Drastically, Says Raymond James

The number of oil wells drilled but not completed across the United States is higher...

Mexico’s NatGas-Heavy Round 2.2 Auction ‘Aggressive,’ with Seven of 10 Blocks Snapped Up

Seven of 10 exploration blocks found bidders Wednesday in what was the first upstream auction featuring natural gas since Mexico’s 2014 energy reform.

FERC to Rover: Spill Clean-Up Required Before In-Service Authorization

Energy Transfer Partners LP’s Rover Pipeline LLC has to complete several "activities regarding rehabilitation and restoration of areas affected by the project" before it is given authorization to enter service, FERC staff told the pipeline Wednesday.

House Wants Steep EPA, Interior Cuts, But Still More Generous Than Trump

Under a $31.4 billion spending bill unveiled Wednesday by the House Appropriations Committee, the budgets of the U.S. Environmental Protection Agency and the Department of Interior would get a haircut in fiscal year 2018, rather than a buzzcut, as proposed by President Trump.
Change-in-Upstream-Investment-20170712

U.S. Unconventional Oil, NatGas Development Carrying Global Energy Spend, Says IEA

Global oil and natural gas investments are predicted to climb this year, as U.S. onshore...

EnCap's North American NatGas, Oil Commitments Reach $1B in Three Days

EnCap Flatrock Midstream on Wednesday announced its third big U.S. energy investment in three days, including up to $500 million in initial equity for a pair of midstream companies, bringing parent Encap Investments LP's total commitment to the North American natural gas and oil sector to up to $1 billion.

Talos, Partners Hit Oil Pay with Mexico’s First Offshore Well

The Zama-1 exploration well in Mexico, the first offshore well drilled in the country by the private sector, has hit net oil pay and some associated natural gas, Houston-based Talos Energy LLC and its partners said Wednesday.
Comanche-Trail-and-TransPecos-Pipelines-20170712

Mexico Natural Gas Import Capacity Auction Draws No Bids

Mexico has rescheduled a natural gas capacity auction on its import pipeline network for August, after failing to draw any bids...
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Devon Touts Record 6,000 Boe/d Well in STACK’s Meramec Formation

Devon Energy Corp. has completed a record-setting well in the over-pressured oil window of Oklahoma's STACK...

EPA Asks Appeals Court to Recall Mandate in Methane Emission Rules Case

Days after a federal appeals court removed a stay over parts of proposed rules governing new sources of methane emissions from the oil and gas industry, the U.S. Environmental Protection (EPA) took the unusual step of asking the court to recall its mandate, thereby giving the agency more time to weigh its options.

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Consol to Spin Off Remaining Coal Assets, Rebrand As NatGas-Focused E&P

After years of working to rebuild the core of its business to evolve around natural gas production, Consol Energy Inc. said Tuesday that a subsidiary has filed a registration statement with the Securities and Exchange Commission to spin-off its remaining coal assets into a separate publicly-traded company.

Transco’s Hillabee Expansion Serving Florida Powers Up

Williams Partners LP said Tuesday it has placed into service the first phase of its Hillabee Expansion, adding 818,410 Dth/d of capacity in Alabama to its Transcontinental Gas Pipe Line system.
Annual-Mexico-NatGas-Production-vs-Gross-Imports-from-the-US-2017071111

Mexico’s Open Capacity Natural Gas Market Off to Smooth Start, Cenagas Says

The first days of operations under Mexico’s new natural gas capacity reservation system have gone...

Halcon Moves Entire Focus to Permian’s Delaware with Williston Sale

Houston independent Halcon Resources Corp. has agreed to take $1.4 billion for its Williston Basin properties to focus exclusively on the Permian Basin’s Delaware formation in West Texas.

House Lawmakers Ask Treasury to Probe Russian Funding of Anti-Fracking Groups in U.S.

Two key House Republicans asked Treasury Secretary Steven Mnuchin to investigate allegations that Russia interfered in U.S. energy markets by making millions in contributions to environmental groups opposed to hydraulic fracturing in order to sow domestic discord.

Summit, XTO Team on Expandable Natural Gas Gathering System for New Mexico Permian

ExxonMobil Corp.’s XTO Energy Inc. and Summit Midstream Partners LP are teaming up to develop, own and operate an associated natural gas gathering and processing system to serve Permian Basin operators in New Mexico.

BOEM Suggests Lower Shallow Water Royalties, Eyes Price-Based Rates

The Bureau of Ocean Energy Management is proposing to reduce the royalty rate for Gulf of Mexico oil and natural gas leases sold during the August federal sale to 12.5% from 18.75%.
MPLX-Utica-Infrastructure-20170710

MPLX Expansions Moving More Utica Liquids to Midwest Refineries

MPLX LP has completed a series of expansion projects to pair more Utica Shale liquids with refineries in the Midwest.
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Apache Exits Canada in Favor of Permian Basin, Overseas Assets

Apache Corp. completed its exit from Canada on Thursday, announcing it would sell its Apache Canada Ltd. subsidiary...
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Five NatGas Rigs Return in U.S. Despite Lack of Price Encouragement

When it comes to commodity prices, there hasn't been much for drillers to get excited about recently, but that didn't stop the United States from adding 12 rigs for the week ending July 7, according to data published Friday by Baker Hughes, a GE Company.
Florida-NatGas-Demand-by-Pipeline-20170706

Sabal Trail Gets OK to Start Up More of Phase 1, Grow Capacity to 830,000 Dth/d

FERC on Monday authorized Sabal Trail Transmission LLC to place more of the natural gas project's Phase 1 facilities into service, increasing its total capacity to 830,000 Dth/d.
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Fueling Mexico’s Tourist Boom; Natural Gas or Not?

The Mexico unit of France-based Engie plans what amounts to a natural-gas offensive to attack the liquid petroleum gas stronghold...

People -- Susan Combs

Trump Tells Europeans 'If You Need Energy, Just Give Us A Call'

President Trump told representatives of 12 European nations gathered for a summit of the Three Seas Initiative that the United States is eager to build strong trade ties and export energy supplies to them, quipping "if you need energy, just give us a call."

Activist Investor Wants EQT, Rice Energy Merger Scrapped

EQT Corp. investor Jana Partners LLC wants the producer to scrap its multi-billion dollar agreement to acquire Rice Energy Inc. and instead pursue the separation of its upstream and midstream businesses, which the hedge fund believes would create substantially more value for shareholders.
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North Dakota NatGas Infrastructure Catching Up as Production Keeps Growing

Natural gas production in association with North Dakota's Bakken oil continues to increase, prompting midstream operators like...

Texas Eastern's Bayway Lateral Wins FERC Approval

Five months to the day after losing its quorum, FERC on Monday issued a certificate of approval for Texas Eastern Transmission LP's proposed Bayway Lateral Project, which would fuel a refinery and an adjacent co-generation plant in New Jersey.

Freeport LNG Poised To Begin Fourth Liquefaction Train

Freeport LNG Development LP said it has filed an application with FERC seeking authorization to site, construct and operate a fourth liquefaction train at its liquefied natural gas export facility near Freeport, TX, and has begun front-end engineering and design for the proposed Train 4.

3D"Sign

NGI's Bidweek Alert Day 5 - June 30 for July 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 -- -0.0725 to -0.04
Tennessee Zone 0 South -- -0.17 to -0.155
Texas Eastern S. TX -- -0.015 to 0.02
Transco Zone 1 -- -0.085 to -0.085
East Texas
Carthage -- -0.125 to -0.11
Houston Ship Channel 3.13 to 3.16 0.115 to 0.12
Katy -- --
NGPL TexOk 2.89 to 2.91 -0.1625 to -0.16
Tennessee Zone 0 North -- -0.19 to -0.175
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.64 to 2.68 --
Transwestern 2.65 to 2.69 --
Waha 2.67 to 2.73 --
Midwest
Alliance 2.87 to 2.88 -0.155 to -0.145
ANR ML7 2.88 to 2.88 -0.105 to -0.105
Chicago Citygate 2.86 to 2.90 -0.13 to -0.13
Chicago - Nicor Gas 2.86 to 2.90 -0.13 to -0.13
Chicago - NIPSCO 2.87 to 2.90 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.10 to -0.0875
Dawn 2.88 to 2.98 -0.09 to -0.0725
Emerson -- -0.395 to -0.36
Joliet 2.87 to 2.88 -0.155 to -0.145
Lebanon -- -0.185 to -0.16
Michigan Consolidated 2.92 to 2.93 -0.135 to -0.11
NGPL Amarillo Mainline 2.73 to 2.76 --
Parkway/Union 2.97 to 2.98 -0.08 to -0.075
REX into ANR - Shelby -- -0.16 to -0.145
REX into MGT - Edgar -- -0.1875 to -0.1725
REX into NGPL - Moultrie -- -0.19 to -0.19
REX into PEPL - Putnam -- -0.145 to -0.145
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.70 to 2.73 -0.3375 to -0.335
Enable East -- -0.195 to -0.19
Enable West -- -0.21 to -0.21
NGPL Midcontinent 2.69 to 2.76 -0.30 to -0.30
Northern Border Ventura -- --
Northern Natural Demarc 2.73 to 2.79 -0.28 to -0.27
Northern Natural Ventura 2.74 to 2.78 --
OGT 2.60 to 2.62 -0.46 to -0.44
Panhandle Eastern 2.61 to 2.67 -0.405 to -0.37
Southern Star 2.64 to 2.65 --
North Louisiana/Arkansas
Perryville -- -0.13 to -0.095
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.135 to -0.135
Trunkline Zone 1A -- -0.13 to -0.13
South Louisiana
ANR SE -- -0.115 to -0.095
Columbia Gulf Mainline -- -0.125 to -0.1125
Columbia Gulf onshore -- -0.095 to -0.085
Florida Gas Zone 2 -- -0.065 to 0.00
Henry Hub -- -0.0025 to 0.00
Southern Natural -- -0.085 to -0.0775
Tennessee Line 500 -- -0.105 to -0.085
Tennessee Line 800 -- -0.105 to -0.09
Texas Eastern E. LA -- -0.11 to -0.10
Texas Eastern W. LA -- -0.095 to -0.095
Texas Gas Zone SL -- -0.10 to -0.10
Transco Zone 3 3.11 to 3.11 -0.07 to -0.0575
Trunkline E. LA -- -0.07 to -0.07
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.05 to -0.005
Texas Eastern M-1, 30 -- -0.13 to -0.13
Transco Zone 4 -- -0.065 to -0.045
Transco Zone 5 -- -0.17 to 0.025
Transco Zone 5 North -- -0.17 to -0.14
Transco Zone 5 South -- 0.0175 to 0.025
Appalachia
Columbia Gas 2.87 to 2.93 -0.21 to -0.175
Dominion North -- -1.28 to -1.26
Dominion South 1.82 to 1.82 -1.31 to -1.175
Leidy Hub -- -1.3175 to -1.3175
Millennium East Pool 1.86 to 1.86 -1.325 to -1.26
Tenn Zone 4 200L -- -1.11 to -1.05
Tennessee Zn 4 313 Pool -- -1.13 to -1.085
Tennessee Zn 4 Marcellus -- -1.42 to -1.30
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.30 to -1.24
Texas Eastern M-3, Delivery 1.79 to 1.83 -1.185 to -1.10
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.34 to -1.27
Northeast
Algonquin Citygate -- -0.41 to -0.37
Algonquin Citygate (non-G) -- -0.41 to -0.39
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.26 to -0.19
Iroquois, Waddington -- -0.265 to -0.20
Niagara -- --
Tenn Zone 5 200L -- -1.06 to -0.95
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.46 to -0.36
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.755 to -0.625
Transco Zone 6 non-NY North -- -0.755 to -0.625
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.78 to -0.60
Rocky Mountains
Cheyenne Hub 2.60 to 2.65 --
CIG 2.57 to 2.58 --
CIG DJ Basin 2.57 to 2.58 --
El Paso Bondad 2.66 to 2.66 --
El Paso non-Bondad 2.65 to 2.69 --
Kern River 2.65 to 2.69 --
Kingsgate 2.43 to 2.43 --
Northwest S. of Green River 2.60 to 2.63 --
Northwest Sumas 2.18 to 2.41 --
Northwest Wyoming Pool 2.57 to 2.57 --
Opal 2.65 to 2.69 --
Questar 2.57 to 2.57 --
Stanfield 2.46 to 2.53 --
Transwestern San Juan 2.58 to 2.70 --
White River Hub 2.63 to 2.67 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.84 to 2.84 --
California
Malin 2.70 to 2.77 --
PG&E Citygate 3.22 to 3.27 --
SoCal Citygate 3.17 to 3.22 --
Southern Border, PG&E 2.84 to 2.84 -0.21 to -0.21
Southern Border, SoCal 2.81 to 2.91 -0.19 to -0.19
SoCal Border Avg. 2.81 to 2.91 -0.19 to -0.19
Canada
Empress 2.40 to 2.64 --
NOVA/AECO C 2.14 to 2.37 --
Westcoast Station 2 1.84 to 1.95 --