Story of the Week

EQT’s $8 Billion Buyout of Rice Energy Would Create Largest U.S. NatGas Producer
NGI Weekly Intel
EQT Corp. has agreed to buy out Appalachian competitor Rice Energy Inc., an estimated $8 billion transaction that would create... Read More
1q17-pro-forma-top-20-publicly-traded-us-natgas-producers-following-eqt-rice-merger-announcement-20170619

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NGI Weekly Newsletter

June 19, 2017

Industry-Backed House Bill Streamlining NatGas Pipeline Reviews Advances

An industry-backed bill that seeks to speed up FERC's natural gas pipeline review process by placing additional requirements on participating agencies came a step closer to law Thursday, advancing through a House subcommittee.

Trump Administration Outlines Strategy to Rescind or Revise BLM Venting/Flaring Rules

The Trump administration has outlined its plans in federal court to ultimately rescind or revise a rule promulgated by the Department of Interior's (DOI) Bureau of Land Management (BLM) governing flaring and venting of associated natural gas on public and tribal lands.

GOM Shut-Ins Lessen in Wake of Tropical Storm Cindy

What had been Tropical Storm Cindy Wednesday made landfall and weakened Thursday, downgraded to a tropical depression, and oil and natural gas operators that had taken precautionary measures in the Gulf of Mexico prior to the storm were returning to work in its wake.
Weekly-Eagle-Ford-Drilling-Rig-Count-20170622.png

South Texas Eagle Ford Seeing Rigs, Jobs Returning

Eagle Ford Shale activity bottomed in 2016 and since has turned the corner, as more rigs are raised and activity is escalating...

Hilcorp Bids More Than $3M For Federal Leases in Alaska's Cook Inlet

At the first auction of federal offshore leases in Alaska's Cook Inlet in nearly a decade, Hilcorp Alaska LLC submitted bids of more than $3 million on Wednesday, according to the Interior Department's Bureau of Ocean Energy Management.
Delfin-LNG-Project-20170622

Golar Partners with Delfin on Proposed FLNG Project Offshore Louisiana

A first-of-its-kind U.S. natural gas export project offshore Louisiana is gaining more financial wherewithal after Golar LNG Ltd. agreed to...
Year-End-Energy-Sector-Weighting-of-the-S-and-P-500-Index-20170622

Oil, Gas Industry Jobs Don’t Appeal to Generation Z, Millennials, Says Poll

Most American adults (51%) would be happy if their children chose a career in the oil and natural gas industry, but for those children without set career paths, only about one-quarter of Generation Z and 45% of Millennials find energy industry jobs appealing, according to a new poll.

Zinke Warns of 'Gap in Trust' With Energy Industry, Defends Cuts at Interior

Department of Interior Secretary Ryan Zinke defended the Trump administration's proposed $11.7 billion budget for fiscal year (FY) 2018, and told two Senate panels that the department was "moving prudently" to fill positions in field offices while limiting hires in Washington, DC.
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Onshore Natural Gas, Oil Supply Pushing Gulf Coast LNG, Petchem Expansions, Says LSU

Upstream technological advancements have fundamentally altered the outlook for natural gas and oil, with the...

PHMSA Pauses Stricter Natural Gas Storage Rules for Clarification

Responding to requests from the oil and natural gas industry, the Trump administration has served notice that it will delay some of the Obama administration's stepped up safety rules for underground natural gas storage.

Gulfport-Energy-First-Operated-SCOOP-Completions-20170621.png

Gulfport Dishes on First SCOOP Wells

Gulfport Energy Corp.'s first operated wells in the South Central Oklahoma Oil Province (SCOOP) continued to perform over their first 30 days online, the company said Wednesday.

June-2017-Daily-GPI-SoCal-Citygate-Index-Prices-20170621.png

California NatGas System Holding Despite Brutal Heatwave; Conservation Alert in Place

Facing triple-digit temperatures throughout much of the state and the year's highest electricity demand slated to top...

Mexico 2.1 Shallow Water Lease Sale Unloads 10 of 15 Blocks

Ten of the 15 shallow-water blocks on offer in the first auction of round two of Mexico’s 2013-2014 energy reform were snapped up Tuesday in what at times was fierce bidding.

CFTC Crumbling; Bowen’s Resignation Will Leave One Commissioner

Sharon Bowen, who has been a member of the U.S. Commodity Futures Trading Commission since 2014 and whose term isn't due to expire until June 2019, announced Tuesday that she will resign her position "within the next few months, or perhaps sooner if another nominee is confirmed."

Energen’s Generation 3 Frack Designs Lifting Permian Prospects

Permian Basin pure-play Energen Corp. has boosted its full-year production guidance by almost 6% because of continued strong well results using advanced drilling designs.

Energy Groups Urge Senate Leaders to Vote on FERC Nominations

Thirty trade associations, including several representing the natural gas and oil industry, are urging Senate leaders to act quickly on President Trump's nominations to FERC.

Annual-Proved-Crude-Oil-Reserves-in-Texas-RRC-Districts-7C-and-8-and-New-Mexico-East-20170620

Encana Touts Improved Permian Type Curves, Adds 700 ‘Premium Return’ Drilling Locations

Encana Corp. on Tuesday announced that it has increased its type curves in the Permian Basin by 20% and added...
1Q17-Pro-Forma-Top-20-Publicly-Traded-US-NatGas-Producers-Following-EQT-RICE-Merger-Announcement-20170619

EQT’s $8 Billion Buyout of Rice Energy Would Create Largest U.S. NatGas Producer

EQT Corp. has agreed to buy out Appalachian competitor Rice Energy Inc., an estimated $8 billion transaction that would create...
Daily-Prompt-Month-Price-of-Henry-Hub-Futures-and-Selected-Forward-Market-Points-Since-Beginning-of-Injection-Season-20170616-v2

Bullish NatGas Storage Injection No Match for Waning Heatwave as Forwards Dip Last Week

Natural gas forward prices for July fell an average 2.8 cents between June 9 and 15 as a late-week rally failed to overcome earlier market weakness. Still, Thursday’s more than 12-cent surge offered a glimmer of hope to the market that had, up until this point, had little reason to believe $3 gas was all but in the rearview mirror, according to NGI’s Forward Look.

Eclipse Finishes Drilling Third Utica Super Lateral, Sets New Record

Ohio pure-play Eclipse Resources Corp. said it has finished drilling its third super lateral well, the Outlaw C 11H, in the Utica Shale condensate window, setting another company record by reaching 19,500 feet in 17 days.
Annual-Percentage-of-Day-Ahead-and-Monthly-Volumes-Transacted-on-Index-20170615

Plenty of Optimism Despite Declines in Reported Volumes, Says NGI Expert

The number of natural gas transactions disclosed to NGI and other price reporting agencies has been in an overall...
2018-Committed-Capacity-Projection-Available-to-Support-Other-Zones-ICAP-20170616

MISO Survey Shows Surplus Through 2022, Increased Role for Natural Gas

Power producers in states across the nation's midsection told a survey that decreased demand in the region will lead to a surplus through 2022, and that natural gas will account for a significant portion of new base load capacity, based on the fuel's success rate over the past five years.
Mountaineer-NGL-Storage-Location-20170616.png

Mountaineer NGL Ready to Line Up Contracts for Appalachian Storage Project

Mountaineer NGL Storage LLC, a first-of-its-kind project in the Appalachian Basin to...
Annual-Mexico-NatGas-Production-and-Monthly-Mexico-NatGas-Production-20170616

Mexico’s CRE Abolishes First-Hand NatGas Price, Opens Market to Competition

Natural gas prices have been freed throughout Mexico, the nation’s energy regulator Comision Reguladora de Energia...
SDBaker0616

Williston Feeling More Love as Operators Raise Three Rigs in North Dakota

U.S. operators raised six oil rigs and one natural gas rig over the past week, with the Williston Basin drawing the most action at three new rigs in North Dakota, Baker Hughes Inc. said Friday.

People -- Frank Ferazzi

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Low NatGas Prices Reduce Pennsylvania Impact Fees for Third Consecutive Year

The Pennsylvania Public Utility Commission (PUC) said it collected more than $173 million in impact fees from the state's natural gas producers in 2016, but fees declined on low commodity prices to the lowest level since enacted in 2012 and were down for the third year in a row.

Liquids, NatGas Key to Mexico's Private Sector Energy Growth, IEnova Execs Say

Liquids infrastructure development in Mexico is ripe for private sector investment, with major global companies from North America and Europe eyeing the market, according to executives from Sempra Energy's Mexico City-based unit.

FERC Summer Market Update Again Clouded By Aliso Canyon NatGas Storage Outage

Electric capacity is expected to be sufficient to meet forecast demand nationally, according to a FERC report released Thursday, but for the second year in a row the outage at Southern California Gas Co.'s Aliso Canyon natural gas storage facility has the potential to become a hurdle for gas customers.

Dakota Access Environmental Review Inadequate, Court Rules

A federal court on Wednesday ruled that the environmental review for the controversial Dakota Access Pipeline was in part inadequate and must be reconsidered, handing opponents a partial legal victory. However, the pipeline may continue operations pending a further review.

Siemens, Duke to Pioneer 'First of a Kind' NatGas-Fired Turbine

Duke Energy Corp. announced a plan this week to significantly expand a large natural gas-fired peaking facility in North Carolina to serve as a proving ground for a single-cycle combustion turbine that Siemens Corp. wants to build and test there.

Kirby's Takeover of Stewart & Stevenson Said 'Shrewd Move' As North American OFS Recovers

Houston's Kirby Corp. and Stewart & Stevenson LLC (S&S), whose manufacturing and services offerings are expanding rapidly in the Permian Basin, Eagle Ford Shale and in Oklahoma, agreed late Tuesday to combine in a deal estimated to be worth close to $710 million.
Number-of-Exploratory-Wells-Completed-in-Mexico-by-Month-20170615

Seitel, Schlumberger Ally to Reimage, Acquire Geophysical Data Across Onshore Mexico

North American onshore seismic data expert Seitel is partnering with Schlumberger Ltd. in a multiclient alliance...
US-Net-Natural-Gas-Imports-20170614

LNG, Oil Make Analyzing North American NatGas A Global Undertaking, Say BP, Macquarie

Shaped by both liquefied natural gas exports and crude oil production, the North American natural gas market is becoming...

3D"Sign

NGI's Bidweek Alert Day 5 - May 31 for June 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.33 to 3.33 --
Florida Gas Zone 1 -- 0.00 to 0.00
NGPL S. TX -- -0.08 to -0.08
Tennessee Zone 0 South -- -0.17 to -0.16
Texas Eastern S. TX -- -0.015 to -0.015
Transco Zone 1 -- -0.075 to -0.0725
East Texas
Carthage -- -0.1375 to -0.12
Houston Ship Channel 3.31 to 3.34 0.10 to 0.10
Katy 3.31 to 3.33 0.095 to 0.095
NGPL TexOk 2.94 to 3.09 -0.1525 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.74 to 2.83 --
Transwestern 2.78 to 2.78 --
Waha 2.79 to 2.83 --
Midwest
Alliance -- --
ANR ML7 -- -0.04 to -0.04
Chicago Citygate 2.98 to 3.11 -0.085 to -0.04
Chicago - Nicor Gas 3.04 to 3.11 -0.08 to -0.08
Chicago - NIPSCO 2.98 to 3.10 -0.085 to -0.04
Chicago - North Shore -- --
Chicago - Peoples 3.07 to 3.08 --
Consumers Energy 3.19 to 3.20 -0.045 to -0.0225
Dawn 2.96 to 3.09 -0.02 to 0.01
Emerson -- -0.385 to -0.25
Joliet -- --
Lebanon -- -0.175 to -0.145
Michigan Consolidated 2.99 to 3.19 -0.08 to -0.05
NGPL Amarillo Mainline 2.94 to 2.94 --
Parkway/Union -- -0.01 to 0.0025
REX into ANR - Shelby -- -0.1425 to -0.125
REX into MGT - Edgar -- -0.18 to -0.145
REX into NGPL - Moultrie -- -0.18 to -0.15
REX into PEPL - Putnam -- -0.18 to -0.18
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.84 to 2.86 -0.355 to -0.35
Enable East 2.87 to 2.96 --
Enable West -- -0.21 to -0.21
NGPL Midcontinent 2.79 to 2.94 -0.29 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.83 to 3.00 --
Northern Natural Ventura 2.91 to 3.00 --
OGT 2.81 to 2.83 -0.405 to -0.38
Panhandle Eastern 2.65 to 2.82 -0.42 to -0.37
Southern Star 2.82 to 2.82 -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- -0.10 to -0.10
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.12 to -0.115
Trunkline Zone 1A -- -0.1275 to -0.11
South Louisiana
ANR SE -- -0.095 to -0.08
Columbia Gulf Mainline -- -0.13 to -0.12
Columbia Gulf onshore -- -0.10 to -0.08
Florida Gas Zone 2 -- -0.055 to 0.00
Henry Hub -- 0.00 to 0.00
Southern Natural -- -0.075 to -0.05
Tennessee Line 500 3.12 to 3.20 -0.095 to -0.06
Tennessee Line 800 -- -0.0975 to -0.09
Texas Eastern E. LA -- -0.11 to -0.08
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 3.13 to 3.13 -0.06 to -0.02
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to 0.01
Texas Eastern M-1, 30 -- -0.08 to -0.08
Transco Zone 4 -- -0.0625 to -0.055
Transco Zone 5 -- -0.20 to 0.02
Transco Zone 5 North -- -0.20 to -0.15
Transco Zone 5 South -- 0.01 to 0.02
Appalachia
Columbia Gas 2.94 to 2.98 -0.1875 to -0.16
Dominion North -- -0.565 to -0.5325
Dominion South -- -0.70 to -0.525
Leidy Hub -- --
Millennium East Pool -- -0.61 to -0.57
Tenn Zone 4 200L -- -0.405 to -0.37
Tennessee Zn 4 313 Pool 2.75 to 2.75 -0.46 to -0.38
Tennessee Zn 4 Marcellus -- -0.69 to -0.55
Texas Eastern M-2, 30 Delivery -- -0.56 to -0.56
Texas Eastern M-2, 30 Receipt 2.55 to 2.55 -0.60 to -0.545
Texas Eastern M-3, Delivery 2.57 to 2.63 -0.50 to -0.45
Texas Eastern M-3, Receipt 2.60 to 2.65 --
Transco-Leidy Line 2.48 to 2.48 -0.63 to -0.5675
Northeast
Algonquin Citygate -- -0.27 to -0.105
Algonquin Citygate (non-G) -- -0.27 to -0.105
Algonquin Receipts 2.61 to 2.61 --
Iroquois Zone 2 -- -0.24 to -0.08
Iroquois, Waddington 3.10 to 3.10 -0.12 to -0.02
Niagara -- --
Tenn Zone 5 200L -- -0.375 to -0.28
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.18 to -0.12
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.40 to -0.315
Transco Zone 6 non-NY North -- -0.40 to -0.315
Transco Zone 6 non-NY South -- -0.315 to -0.315
Transco Zone 6 NY -- -0.37 to -0.305
Rocky Mountains
Cheyenne Hub 2.75 to 2.84 --
CIG 2.75 to 2.85 --
CIG DJ Basin 2.75 to 2.77 --
El Paso Bondad -- --
El Paso non-Bondad 2.60 to 2.76 --
Kern River 2.84 to 2.87 --
Kingsgate 2.57 to 2.62 --
Northwest S. of Green River 2.77 to 2.82 --
Northwest Sumas 2.68 to 3.40 --
Northwest Wyoming Pool 2.75 to 2.75 --
Opal 2.77 to 2.88 --
Questar 2.75 to 2.75 --
Stanfield -- --
Transwestern San Juan 2.60 to 2.85 --
White River Hub 2.80 to 2.81 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.00 to 3.00 --
California
Malin 2.67 to 2.93 --
PG&E Citygate 3.39 to 3.46 --
SoCal Citygate 3.26 to 3.33 --
Southern Border, PG&E 2.91 to 2.96 --
Southern Border, SoCal 2.92 to 3.04 --
SoCal Border Avg. 2.92 to 3.04 --
Canada
Empress 2.75 to 3.01 --
NOVA/AECO C 2.65 to 2.88 --
Westcoast Station 2 2.42 to 2.72 --