Story of the Week

Haynesville Natural Gas Production Quietly Surging Behind Appalachia, Permian
NGI Weekly Intel
Natural gas production from the stalwart Haynesville Shale has never recovered to the peaks of early 2012, but it remains a significant... Read More
Haynesville-region-natural-gas-production-20180907

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NGI Weekly Newsletter

September 17, 2018

Forest Service Proposes Faster Permitting For Oil, Gas Leasing

The U.S. Forest Service (USFS) plans to propose streamlining environmental reviews and permitting for oil and gas leasing in the forests and grasslands it manages, which it said should lead to expedited leasing decisions.

Pennsylvania Lawmakers Renew Calls to Halt ETP’s Mariner East After Pipe Explosion

Pennsylvania lawmakers on both sides of the aisle are again airing concerns this week about natural gas pipeline projects, calling on Energy Transfer Partners LP to halt construction of the Mariner East 2 and 2X projects, after a gathering system in the western part of the state exploded on Monday.
Hurricane-Florence-Projected-Path-20180913

Warmer Shift in Weather Leads to Small Gains for Natural Gas Forwards; Florence Impacts Still Unclear

October natural gas prices rose less than a nickel on average from Sept. 6-12 as slightly warmer changes in long-range weather outlooks lifted the prompt month. The four-day stretch of gains eased late in the week as traders began considering the demand destruction likely to occur from Hurricane Florence, and although prices appeared poised to firm again Thursday, they ran out of steam just before the close, according to NGI’s Forward Look.

TransCanada Secures Native Tribe Support for LNG Canada Supply Pipeline

Native cooperation deals have been sealed with all elected tribal governments along the supply pipeline planned for the Royal Dutch Shell plc-led LNG Canada proposal to start natural gas exports from British Columbia (BC), TransCanada Corp. said Thursday.
NGI-Monthly-Average-Algonquin-Citygate-NatGas-Price-Index-20180913-v2

Court Dismisses Suit Challenging New England Utilities' Natural Gas Scheduling Practices

A class-action lawsuit accusing Eversource Energy and Avangrid Inc. of artificially increasing natural gas spot market prices to benefit their electric generating assets between 2013 and 2016 has been dismissed by the U.S. District Court for the District of Massachusetts.
Monthly-Permian-Production-of-Crude-Oil-and-Rig-Count-20180913.png

Ring Energy Boosts Permian Capex Almost 25% to Upgrade CBP, Delaware Infrastructure

Permian Basin explorer Ring Energy Inc. has increased its capital spending for 2018 by nearly 25% as...
Monthly-WTI-Crude-Oil-and-Mont-Belvieu-Propane-Spot-Prices-20180913

MPLX Testing Shipper Support for New Appalachian NGL Pipeline

An MPLX LP subsidiary launched a binding open season on Wednesday for commitments on a natural gas liquids pipeline that would serve growing volumes in the Appalachian Basin.

Diamondback, Carlyle JV in Permian’s Southern Delaware

The Carlyle Group Inc. agreed this week to fund one of Diamondback Energy Inc.’s Permian Basin developments in West Texas.
Zama-Discover-Revised1

López Obrador Overlooking Important Energy Reform Advances, Experts Say

Mexican President-Elect Andrés Manuel López Obrador’s criticism of the country’s 2013-14 energy reform overlooks major advances made under the legislative overhaul, according to experts.
Economic Contributions from Chemical Industry Investment in the U.S.

Plethora of U.S. Chemical Investments Linked to Shale, Tight Natural Gas Reserves

The overflowing basket of investments since 2010 by the U.S. chemical and plastics industry now surpasses $200 billion, nearly all of it...
onoek091218

Oneok Planning Another Permian Delaware Expansion to Carry More NGLs South

Oneok Inc. plans to spend another $295 million to expand, for the second time in less than a year, a natural gas liquids pipeline system...

Gas Pipelines, Utilities Stepping up Preparedness Efforts as Florence’s Aim Becomes Clearer

Natural gas distribution companies and electric utilities ramped up their preparedness efforts as the path of Hurricane Florence, a Category 3 storm as of 2 p.m. ET Wednesday, took a notable shift and was set to approach the coast of North Carolina or the northern coast of South Carolina beginning Thursday.

Interior Deferring to States, Reviewing Fish, Wildlife Protections

In a development sure to impact the oil and gas industry, Interior Secretary Ryan Zinke said state regulatory agencies should have a higher profile in protecting fish and wildlife, and asked his department to identify federal regulations that are more restrictive than those enacted by states.

Pioneer Secures In-Basin Sand, 15-Year Contract for Permian Operations with U.S. Silica

Dallas-based Pioneer Natural Resources Co., one of the largest Permian Basin producers, has secured fracture sand reserves near its West Texas operations in a 15-year deal with U.S. Silica Holdings Inc.

Permian E&Ps Significantly Boost 2020 Oil Hedges -- Possibly on Doubts about Pipeline Completions

Oil and gas producers working in the Permian Basin increased their 2020 oil basis hedge positions by 431% during the second quarter, a sharp uptick that may signal doubts about 2019 target dates for key pipeline projects, Wood Mackenzie analysts said Tuesday.

WildHorse Preparing Oil, Produced Water System for Upper Eagle Ford Operations

WildHorse Resource Development Corp., which primarily operates in the East Texas portion of the Eagle Ford Shale, is building an oil and produced water gathering system for its operations that could be completed by mid-2019.

EIA Nudges Natural Gas Price Forecast Higher to $2.99 in '18, $3.12 in '19

Relatively low storage levels, robust domestic consumption and growing export levels are propping up Henry Hub prices, which are expected to average $2.99/MMBtu this year and $3.12/MMBtu in 2019, slightly higher than previously forecast, according to the Energy Information Administration.

Macquarie Sees Potential for Winter Volatility Despite Production Growth

Growing export demand and an increase in weather sensitivity could drive larger natural gas price swings this winter even as “unrelenting” production growth continues, according to Macquarie Group analyst Vikas Dwivedi.
MXShale12

Mexican Business Leaders Plead for Fracking Review Following López Obrador's Threat

Business leaders in Mexico’s northern Gulf state of Tamaulipas fear that a potential ban on hydraulic fracturing (fracking) used in unconventional oil and natural gas drilling could doom their economically depressed region to a future of more poverty and crime.
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EPA Proposes Less Onerous Methane Rules for Oil, Gas Industry

The Environmental Protection Agency (EPA) on Tuesday proposed amending Obama-era rules on oil and...
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Alaska LNG Gains Momentum with ExxonMobil Agreements

Alaska officials on Monday clinched an agreement to purchase ExxonMobil Corp.’s share of 30 Tcf of natural gas from the Prudhoe Bay and Point Thomson units, giving more validation to the 2 Bcf/d-plus export project.
pemex20180910

Lopez Obradór Sprinkles Tabasco Sauce on Criticism of Energy Reform

It was déjà vu all over again for the Mexican oil industry, when President-Elect Andrés Manuel Lopez Obradór visited his home state Tabasco over the weekend to meet with Mexican service companies.

Permian Takeaway Pains Leading to Other U.S. Basin Gains

Pipeline capacity constraints in the crowded Permian Basin won’t lead to any sharp pullback but they have led to opportunities elsewhere in the U.S. onshore, many of the largest domestic producers said last week.
ETO-Oil-and-Gas-2018-Natural-Gas-Imports-by-Region-20180910

Worldwide Natural Gas Consumption to Overtake Oil by 2026, Says DNV GL

Global natural gas demand, boosted by expanding use of exports, should overtake oil consumption by 2026, escalate until 2034...
Areas-in-North-Dakota-Where-Eolian-Windblown-Sands-Occur-in-Dune-Deposits-20180910

North Dakota Geologists Dig Into Mysteries of Fracking Sand

Acknowledging that it is somewhat of a long shot, North Dakota energy and geologic officials are re-evaluating...
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Small-Scale LNG Export Bill Passes House With Bipartisan Support

A bill that calls for expedited small-scale exports of U.S. liquefied natural gas on Thursday passed the House with bipartisan support.

New Mexico’s Permian-Heavy Lease Sale Draws Record Bids at Nearly $1B

In a year in which New Mexico has already set milestones for oil production and lease sale revenues, it has set a record for the 3Q2018 federal land auction grossing nearly $1 billion, according to a U.S. Bureau of Land Management.
Haynesville-Region-Natural-Gas-Production-20180907

Haynesville Natural Gas Production Quietly Surging Behind Appalachia, Permian

Natural gas production from the stalwart Haynesville Shale has never recovered to the peaks of early 2012, but it remains a significant...

Transco Expansion Certificate Upheld; New Jersey Ordered to Reconsider Permits

A federal appeals court has rejected a challenge to the FERC certificate authorizing Transcontinental Gas Pipe Line Co. LLC’s Garden State Expansion project, but it remanded part of the case to New Jersey regulators in a sharp display of how the courts are weighing federal and state responsibilities in permitting infrastructure projects as opposition increases.

Kinder Morgan Sticking to Pipes, Storage for LNG Growth Opportunities

Kinder Morgan Inc. may be looking to modify its existing Gulf Coast liquefied natural gas import terminal in Jackson, MS, to accommodate exports, but the midstream operator knows its “very low risk and high reward opportunity” in the export space is through the massive upstream gas transportation and storage network that serves third-party facilities, CEO Steve Kean said.
Venture-Global-Calcasieu-Pass-LNG-Project-Site-20180907

Venture Global to Supply Repsol with LNG from Planned Louisiana Project

Venture Global LNG, which is developing a natural gas export project in Cameron Parish, LA, agreed Friday to supply Repsol SA...

EOG CEO Expecting 'More Subdued' Permian Growth

EOG Resources Inc. CEO Bill Thomas said he believes takeaway issues in the Permian Basin will cause growth to slow temporarily, and the slower pace of development should help ensure that commodity prices don't collapse.
North-Dakota-Monthly-Natural-Gas-Production-and-Price-20180907

Oneok Stepping on (Natural) Gas with Bakken Midstream Expansion

Oklahoma-based Oneok Inc. is moving ahead with an expansion of its natural gas processing plant in North Dakota’s Bakken Shale.

Near-Zero Emission Natural Gas Engines Making Advances

Cummins Westport’s new ultra-low emission heavy duty natural gas vehicle (NGV) engine has passed a series of “cleanliness” tests under various driving conditions.

3D"Sign

NGI's Bidweek Alert Day 5 - August 31st for September 2018
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 -- --
Tennessee Zone 0 South -- -0.125 to -0.12
Texas Eastern S. TX -- 0.01 to 0.0225
Transco Zone 1 -- -0.05 to -0.04
East Texas
Carthage -- -0.155 to -0.135
Houston Ship Channel 2.94 to 2.95 0.085 to 0.10
Katy -- 0.07 to 0.07
NGPL TexOk -- -0.17 to -0.135
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.08 to -0.08
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.37 to 1.87 --
Transwestern 1.40 to 1.47 --
Waha 1.20 to 1.35 --
Midwest
Alliance -- -0.185 to -0.185
ANR ML7 -- --
Chicago Citygate 2.70 to 2.79 --
Chicago - Nicor Gas 2.70 to 2.79 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.71 to 2.76 --
Consumers Energy -- 0.00 to 0.0075
Dawn 2.88 to 2.97 -0.015 to 0.0175
Emerson -- -0.18 to -0.16
Joliet -- -0.185 to -0.185
Lebanon -- --
Michigan Consolidated 2.87 to 2.87 -0.045 to -0.01
NGPL Amarillo Mainline -- --
Parkway/Union -- 0.015 to 0.015
REX into ANR - Shelby -- -0.17 to -0.1625
REX into MGT - Edgar -- -0.165 to -0.165
REX into NGPL - Moultrie -- -0.1675 to -0.165
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.22 to 2.22 -0.67 to -0.62
Enable East -- -0.26 to -0.23
Enable West -- --
NGPL Midcontinent 2.22 to 2.24 --
Northern Border Ventura -- --
Northern Natural Demarc 2.64 to 2.75 --
Northern Natural Ventura 2.65 to 2.75 --
OGT 1.56 to 1.56 -1.35 to -1.33
Panhandle Eastern -- -0.68 to -0.65
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.13 to -0.125
Trunkline Zone 1A -- -0.165 to -0.1575
South Louisiana
ANR SE -- -0.12 to -0.115
Columbia Gulf Mainline -- -0.1375 to -0.13
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- --
Henry Hub -- 0.0025 to 0.0025
Southern Natural -- -0.065 to -0.055
Tennessee Line 500 -- -0.0625 to -0.06
Tennessee Line 800 -- -0.08 to -0.0775
Texas Eastern E. LA -- -0.075 to -0.075
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.04 to -0.0325
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- -0.09 to -0.09
Transco Zone 4 -- -0.035 to -0.025
Transco Zone 5 -- 0.03 to 0.07
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.03 to 0.07
Appalachia
Columbia Gas -- -0.25 to -0.215
Dominion North -- -0.43 to -0.4275
Dominion South -- -0.46 to -0.375
Leidy Hub -- --
Millennium East Pool -- -0.50 to -0.46
Tenn Zone 4 200L -- -0.21 to -0.19
Tennessee Zn 4 313 Pool -- -0.28 to -0.28
Tennessee Zn 4 Marcellus -- -0.525 to -0.48
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.45 to -0.40
Texas Eastern M-3, Delivery -- -0.35 to -0.28
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.44 to -0.415
Northeast
Algonquin Citygate -- 0.05 to 0.08
Algonquin Citygate (non-G) -- 0.05 to 0.08
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.03 to 0.04
Iroquois, Waddington -- 0.00 to 0.05
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.02 to 0.02
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.23 to -0.20
Transco Zone 6 non-NY North -- -0.23 to -0.20
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- --
Rocky Mountains
Cheyenne Hub 2.26 to 2.28 --
CIG 2.22 to 2.23 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.14 to 2.17 --
Kern River 2.26 to 2.31 --
Kingsgate 2.15 to 2.15 --
Northwest S. of Green River 2.17 to 2.18 --
Northwest Sumas 2.00 to 2.15 --
Northwest Wyoming Pool -- --
Opal 2.27 to 2.38 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.15 to 2.19 --
White River Hub 2.25 to 2.25 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.10 to 3.10 --
California
Malin 2.34 to 2.40 --
PG&E Citygate 3.17 to 3.21 --
SoCal Citygate 4.67 to 5.52 --
Southern Border, PG&E 2.20 to 2.28 --
Southern Border, SoCal 2.24 to 2.98 --
SoCal Border Avg. 2.24 to 2.98 --
Canada
Empress -- --
NOVA/AECO C 0.74 to 1.15 --
Westcoast Station 2 0.91 to 1.00 --
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.