Story of the Week

Experts Suggest Handling NAFTA Negotiations With Care
NGI Weekly Intel
Natural gas industry experts last week warned that efforts to renegotiate the North American Free Trade Agreement should be handled delicately... Read More
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NGI Weekly Newsletter

October 16, 2017

Grid Resiliency NOPR Both A Directive and A Conversation Starter, Perry Says

The Department of Energy's recent proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators was meant to both open a national debate on the topic and to direct FERC to take action, DOE Secretary Rick Perry said Thursday.

FERC Rejects Extending Comment Deadline for DOE Grid Reliability Proposal

FERC has rejected calls from the oil and gas industry and others, including environmental groups, to extend the public comment period over the Department of Energy's (DOE) recent proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators.

BNP Dropping All NatGas, Oil Financing for Shale, Pipelines, LNG

European investment giant BNP Paribas this week announced a global financing policy that no longer will include doing business with companies whose principal activity is the “exploration, production, distribution, marketing or trading of oil and gas from shale and/or oil from tar sands.”
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Mexico’s Sistrangas Gathers Shippers’ Input on NatGas Capacity, Storage Demand

The operator of Mexico’s main pipeline system, Sistrangas, is conducting a public consultation with natural gas shippers to gauge the market’s appetite for transport capacity and other services, such as storage.
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Problems With Rail Transport of Energy Supplies; Pipelines, Barges More Prepared

Although most domestically produced oil, natural gas, ethanol and natural gas liquids are transported without incident, concerns remain over the safety of transporting energy supplies via rail, according to a report by the nonprofit National Academies of Sciences, Engineering and Medicine. Meanwhile, pipelines and barges appear to have more comprehensive safety systems in place.
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U.S. Rig Count ‘Inflection Point’ Possible as Permits Near Pre-Downturn Levels, Says Evercore

The domestic rig count could be nearing an inflection point as the current tally of...

Harvey Still Pummeling Gulf Coast Olefins Trade, Says IHS Markit

Hurricane Harvey’s flooding rains sharply reduced domestic and in turn global petrochemical production of linear alpha olefins (LAO), and operators still are scrambling to make up for the shortfall, according to IHS Markit.

Pioneer Natural’s Permian-Weighted Output Up 6% From 2Q, Despite Harvey Impacts

Pioneer Natural Resources Co., one of the leading Permian Basin oil and natural gas producers, reported a 6% sequential increase in third quarter production, even as it fought downtime from shut-ins and midstream issues related to Hurricane Harvey.

Williams, Southwestern Agree to Expand NatGas Gathering, Processing in West Virginia

Williams Partners LP has reached agreement with Southwestern Energy Co. to expand the producer’s natural gas gathering and processing services in West Virginia. 
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North Dakota Oil, NatGas Production Rises in August from July

North Dakota’s oil and natural gas production climbed month/month in August, with producing wells tentatively reaching an all-time high.

Northern California Fires Cut NatGas, Power Service to Thousands

As wildfires raged through the iconic wine country and other parts of Northern California Wednesday, natural gas and electric service was cut off to thousands of Pacific Gas and Electric Co. (PG&E) customers.

EIA's 2018 Henry Hub NatGas Price Forecast Falls to $3.19/MMBtu

Henry Hub natural gas spot prices this year and next will be lower than previously forecast, according to the Energy Information Administration, which now predicting an average of $3.03/MMBtu for 2017 and $3.19/MMBtu next year.

CFTC to Delay De Minimis Decision Another Year, Giancarlo Says

Commodity Futures Trading Commission Chairman Christopher Giancarlo said Wednesday he will request the regulatory agency postpone a decision on the de minimis threshold by a year, effectively delaying implementation until the end of 2018.
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FERC OKs Nexus Construction, Gives Rover Approval to Resume More HDDs

FERC issued an order Wednesday clearing Nexus Gas Transmission LLC to start construction, an expected but no less significant step forward for the delayed greenfield natural gas pipeline.

Rex Energy Tweaks Completion Design, Gets Results

Rex Energy Corp. said Wednesday a two-well Marcellus Shale pad recently placed online in western Pennsylvania represents the highest production rates achieved on a per lateral foot basis in the Moraine East Area.
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Oil, Gas Executives More Cautious on Prices, Prospects, Deloitte Survey Says

Oil and gas executives are more pessimistic than they were a year ago about crude oil prices and only slightly more enthusiastic...
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Bullish U.S. LNG Export Picture Includes Small-Scale Projects, Analyst Says

In a bullish outlook for the growth of U.S. liquefied natural gas exports by 2024, an energy analyst with the Mizuho Securities LLC's energy research group said the expansion will include both small-scale and mega projects.
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Comstock Eyeing More Extended Laterals in Haynesville JV

Comstock Resources Inc. is expanding a joint venture (JV) with USG Properties Haynesville LLC (USG) to build its inventory in East Texas and North Louisiana and drill more extended lateral wells.

Mexico Oil Fund Seeking Marketers for Oil, NatGas Produced from PSAs

Mexico’s sovereign oil fund is looking to contract marketers for the hydrocarbons it receives from operators with production-sharing agreements.

Pruitt Opens CPP Repeal Process; Impact on Energy Industry Unclear

Sides were predictably drawn in the early debate over Environmental Protection Agency Administrator Scott Pruitt's announcement that the Trump administration will issue a proposed rule to end the controversial Clean Power Plan, but what practical impact the move will have is less clear.
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FERC OKs Algonquin’s Atlantic Bridge Facilities in New York State

Algonquin Gas Transmission LLC has been given permission by FERC to proceed with infrastructure construction in New York to support the $452 million Atlantic Bridge expansion project.
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Apache Tallies Plethora of Alpine High Targets, with Sights Set on More NatGas, Emerging Oil

Apache Corp. has mapped out thousands more Alpine High drilling locations in West Texas since unveiling...

Brazos Midstream Acquires Callon’s Permian NatGas Gathering System

Brazos Midstream Holdings LLC subsidiaries have purchased Callon Petroleum Co.’s natural gas gathering system in the Permian Basin of West Texas and signed a long-term, fee-based agreement with the producer for gathering and processing services.
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BLM Green Lights Up to 146 NatGas Wells in Long-Disputed Colorado Area

The North Fork Valley near Paonia, CO, along the Western Slope, an area that SG Interests Ltd. has sought to develop for years, has been tentatively approved for drilling up to 146 natural gas well by the Bureau of Land Management.
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Experts Suggest Handling NAFTA Negotiations With Care

Natural gas industry experts last week warned that efforts to renegotiate the North American Free Trade Agreement should be handled delicately...

Tecolote Claims Anadarko Basin Records with Longest Lateral, Highest Output

Tecolote Energy LLC on Monday said it achieved two milestones with one well drilled into the Anadarko Basin in the Texas Panhandle, with the longest horizontal lateral ever and the highest production rate recorded.

Transco’s New York Bay Expansion Enters Service, Adds 115,000 Dth/d

Williams Partners LP has started up its New York Bay Expansion, adding 115,000 Dth/d on its Transcontinental Gas Pipe Line system to serve the New York City market, the Tulsa-based master limited partnership said Monday.
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Fourth Sabine Train Gets Green Light to Operate from FERC

Cheniere Energy Inc. last Thursday got FERC's approval to start operations of its fourth liquefaction train at the Sabine Pass liquefied natural gas export facility in Cameron Parish, LA.

Ohio Regulators OK Two NatGas-Fired Power Plants

The Ohio Power Siting Board has approved two large natural gas-fired power plants that would add 2,040 MW to the regional transmission grid.
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Ring Energy Boosts Permian Output 80% in Third Quarter

Permian Basin operator Ring Energy Inc., whose forte is the Central Basin Platform (CBP), produced 376,000 boe net during the third quarter, an 80% increase from a year ago and an 11% sequential gain, despite weather issues and delays.

FERC OKs New Rover Compression, Upping Capacity to 1.2 Bcf/d

FERC on Friday authorized Rover Pipeline LLC to start up three units at its Compressor Station 1 in Carroll County, OH, putting the 3.25 Bcf/d mega project a step closer to bringing its full capacity online by 1Q2018.

Three Bidders Vie to Build Natural Gas Pipeline Serving New Northwestern Mexico Power Plants

Three companies are bidding for a pipeline project to supply natural gas to power plants in northwestern Mexico.

FERC Staff Has Pointed Questions for DOE NOPR Commenters

FERC staff is asking commenters to answer a series of questions -- some of them pointed -- to help staff understand the implications of the Department of Energy's proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators.
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Permian, Marcellus, STACK Down as U.S. Rigs Fall By Four

Giving up gains from the previous week, the U.S. rig count fell by four on declines in the Permian Basin, Midcontinent and Appalachia, according to the latest tally from Baker Hughes Inc.

3D"Sign

NGI's Bidweek Alert Day 5 - September 29 for October 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 -- -0.095 to -0.09
Tennessee Zone 0 South -- -0.1725 to -0.165
Texas Eastern S. TX -- -0.1075 to -0.1025
Transco Zone 1 -- -0.105 to -0.0975
East Texas
Carthage -- -0.13 to -0.12
Houston Ship Channel -- -0.11 to -0.09
Katy -- --
NGPL TexOk 2.74 to 2.75 -0.17 to -0.165
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.135 to -0.135
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.37 to 2.45 --
Transwestern 2.39 to 2.41 --
Waha 2.42 to 2.45 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.80 to 2.84 --
Chicago - Nicor Gas -- --
Chicago - NIPSCO 2.80 to 2.84 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.12 to -0.11
Dawn 2.77 to 2.85 -0.0975 to -0.065
Emerson 2.40 to 2.40 -0.53 to -0.51
Joliet -- --
Lebanon -- -0.20 to -0.19
Michigan Consolidated 2.77 to 2.82 -0.15 to -0.14
NGPL Amarillo Mainline 2.64 to 2.68 --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.195 to -0.195
REX into NGPL - Moultrie -- -0.22 to -0.20
REX into PEPL - Putnam -- -0.205 to -0.205
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.53 to 2.58 -0.41 to -0.365
Enable East -- -0.2325 to -0.21
Enable West -- --
NGPL Midcontinent 2.60 to 2.63 -0.35 to -0.35
Northern Border Ventura -- --
Northern Natural Demarc 2.66 to 2.72 --
Northern Natural Ventura 2.66 to 2.71 --
OGT 2.35 to 2.35 --
Panhandle Eastern 2.44 to 2.53 -0.4775 to -0.45
Southern Star -- -0.47 to -0.47
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.145 to -0.135
Trunkline Zone 1A -- -0.15 to -0.1375
South Louisiana
ANR SE -- -0.135 to -0.12
Columbia Gulf Mainline -- -0.14 to -0.13
Columbia Gulf onshore -- -0.11 to -0.10
Florida Gas Zone 2 -- --
Henry Hub -- -0.0075 to -0.005
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.0875
Tennessee Line 800 -- -0.1025 to -0.095
Texas Eastern E. LA -- -0.115 to -0.105
Texas Eastern W. LA -- -0.095 to -0.095
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0625 to -0.06
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0325 to -0.03
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- 0.00 to 0.02
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.00 to 0.02
Appalachia
Columbia Gas -- -0.28 to -0.19
Dominion North -- -1.90 to -1.88
Dominion South -- -1.91 to -1.75
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -1.53 to -1.485
Tennessee Zn 4 313 Pool -- -1.65 to -1.54
Tennessee Zn 4 Marcellus -- -2.02 to -1.96
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.94 to -1.875
Texas Eastern M-3, Delivery -- -1.83 to -1.73
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.9625 to -1.85
Northeast
Algonquin Citygate -- -0.42 to -0.32
Algonquin Citygate (non-G) -- -0.42 to -0.32
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.32 to -0.32
Iroquois, Waddington -- -0.25 to -0.25
Niagara -- -1.48 to -1.25
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.34 to -0.34
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.735 to -0.50
Transco Zone 6 non-NY North -- -0.735 to -0.50
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.72 to -0.605
Rocky Mountains
Cheyenne Hub 2.46 to 2.49 --
CIG 2.47 to 2.48 --
CIG DJ Basin -- --
El Paso Bondad 2.41 to 2.41 --
El Paso non-Bondad 2.39 to 2.40 --
Kern River 2.47 to 2.48 --
Kingsgate -- --
Northwest S. of Green River 2.44 to 2.44 --
Northwest Sumas 2.30 to 2.42 --
Northwest Wyoming Pool 2.45 to 2.45 --
Opal 2.47 to 2.52 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.40 to 2.44 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.58 to 2.59 --
California
Malin 2.56 to 2.59 --
PG&E Citygate 3.12 to 3.18 --
SoCal Citygate 2.90 to 3.03 --
Southern Border, PG&E 2.56 to 2.56 --
Southern Border, SoCal 2.53 to 2.65 --
SoCal Border Avg. 2.53 to 2.65 --
Canada
Empress 2.00 to 2.63 --
NOVA/AECO C 0.91 to 1.45 --
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.