Story of the Week

BP Secures 20-Year LNG SPA with Venture Global’s Calcasieu Parish Project
NGI Weekly Intel
Venture Global Calcasieu Pass LLC is edging closer to meeting its capacity commitments for one of two Louisiana natural gas export projects... Read More
Venture-global-calcasieu-pass-project-20180521

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NGI Weekly Newsletter

May 21, 2018

Atlantic Hurricane Season Likely Typical, NOAA Says As Storm Builds in Caribbean

The 2018 Atlantic hurricane season, which officially -- and may actually -- begin next week, is likely to be a near- or above-normal one, forecasters at the National Oceanic and Atmospheric Administration said Thursday.

FERC Extends Comment Period on Revising Natural Gas Pipeline Process

Citing the “complexity of the issues" and a desire to "ensure the best possible record," FERC has prolonged the public comment period regarding a proposal to possibly revise its policies for reviewing and authorizing new interstate natural gas transportation facilities until late July.

New Hampshire High Court Decision Could Reignite Access Northeast Project

The Supreme Court of New Hampshire has reversed a 2016 decision by the state's Public Utility Commission that blocked Eversource Energy’s plan to use electricity rates to pay for constructing the Access Northeast expansion project, which would add 900,000 Dth/d and additional liquefied natural gas storage to the Algonquin Gas Transmission LLC system.
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Once Again, Mariner East’s Pennsylvania Operations, Some Construction Face Indefinite Halt

Pennsylvania regulators have once again halted Mariner East 1 operations just weeks after a similar suspension was lifted, this time granting an emergency order that lays out a laundry list of requirements that Energy Transfer Partners LP subsidiary Sunoco Pipeline must meet before natural gas liquids can resume moving on the system.

Apache Dedicating Alpine High NGLs to Enterprise

Apache Corp., which is working to secure takeaway options for its surging Alpine High project in West Texas, has inked a long-term agreement that gives Enterprise Products Partners LP 100% of the liquids production.

Shell’s Newest Norphlet Discovery in Deepwater GOM Expands Inventory Options

Royal Dutch Shell plc said Thursday it has struck its sixth oil and natural gas find in the Norphlet play in the deepwater U.S. Gulf of Mexico after encountering more than 800 net feet of pay at the Dover discovery.
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Water Disposal Looms as Challenge After Bakken's Next Growth Phase, State Official Says

Although there are plenty of near-term challenges tied to robust natural gas production and...

BC Gas Uncorked By NEB Decision on North Montney Mainline Pipe

Rising British Columbia (BC) unconventional production will be redirected east and south across Canada and the United States under a pipeline approval granted Wednesday to TransCanada Corp. in the wake of a scrapped Pacific Coast liquefied natural gas (LNG) export terminal project.

Oklahoma Judge Approves Quake Lawsuit Class Action; More Wastewater Wells Shut

A judge in Oklahoma has determined that a lawsuit filed after an earthquake, currently the second most powerful temblor recorded in the state's history, can move forward with class action status.

New Sanchez, Targa JV Expands Eagle Ford Footprint as it Eyes Future Growth

Sanchez Midstream Partners LP (SNMP) on Wednesday announced it has executed a series of agreements with Targa Resources Corp. that put their newly formed joint venture in a position to grow their footprint in the Eagle Ford Shale while exercising the capital discipline investors have come to expect from the oil and gas industry.

ExxonMobil Sets 2020 Goal to Slash Natural Gas Flaring, Methane Emissions

ExxonMobil Corp. on Wednesday set a two-year target to reduce natural gas flaring by 25% and methane emissions by 15% to improve overall business operations.
Cheniere-Energy-Corpus-Christi-LNG-Terminal-Project-Site-20180523

Cheniere to Build Third LNG Train in Corpus, Snapping Sluggish U.S. Export Expansions

Cheniere Energy Inc. on Tuesday pulled the trigger to build a third train at the Corpus Christi natural gas export project...

BP Trimming Global Upstream Workforce by 3%

BP plc is whittling its global upstream workforce of about 18,000 by nearly 3%, mostly through “natural attrition,” as the supermajor simplifies the organization.
Monthly-North-Dakota-Oil-Production-and-Sweet-Crude-Prices-20180523

Bakken Poised to Set New Oil Production Mark, Continue Record Natural Gas Gains

Bakken Shale oil production in North Dakota is on track to establish a new daily production record, most likely this summer, while natural gas production is also expected to keep increasing, state and industry officials said Tuesday at the opening of the Williston Basin Petroleum Conference in Bismarck.

Keystone XL Pipeline Could be Key for Increased Bakken Production

North Dakota oil producers and state officials are watching the developments of TransCanada Corp.’s controversial Keystone XL pipeline given the upcoming predictions that available Bakken Shale takeaway capacity will be filled in the coming years.

ACP to Avoid Construction Along Fraction of Route Lacking Key Permit

Atlantic Coast Pipeline LLC said Tuesday it would avoid construction work along 100 miles of the planned 600-mile route until the U.S. Fish and Wildlife Service revises a key permit that was invalidated last week by the U.S. Court of Appeals for the Fourth Circuit.

Natural Gas, Oil Industry Prepares for 2018 Atlantic Hurricane Season

With the official open of the 2018 Atlantic hurricane season looming, a sextet of organizations representing the natural gas and oil industry on Tuesday unveiled steps their members are taking to prepare their operations and shared lessons learned in recent years.

Shell Investors Push for More Action on Climate Change Targets

Royal Dutch Shell plc shareholders during the annual general meeting on Tuesday handily defeated a resolution calling for tougher operational emissions targets, but CEO Ben van Beurden promised the company would continue to be a leader in combating climate change.

ConocoPhillips Awaiting EIS for Willow Prospect to Expand Alaska Development

The Interior Department's Bureau of Land Management confirmed that it has received a request by a subsidiary of ConocoPhillips to prepare an environmental impact statement for a prospect within the National Petroleum Reserve in Alaska, which could open the area to more oil and gas development over the next decade.

‘Massive Opportunity’ for U.S. to Supply Energy to China, Says Mnuchin

The United States will not lift new tariffs on steel and aluminum from China, even as both countries said over the weekend trade talks had been "constructive" and China had agreed to purchase more American goods and services, Treasury Secretary Steven Mnuchin said.

Halliburton Shareholders Reject Executive Compensation Plan

Halliburton Co. shareholders have rejected for the first time an executive compensation plan that management had touted to line up with company returns and retain key employees.
Potential-Sites-for-Underground-Storage-in-Mexico-201712151

Cenagas Prepares Mexico’s First Strategic Natural Gas Storage Tender

The Centro Nacional de Control del Gas Natural has selected four depleted oil and gas reservoirs as candidate sites for a tender to build...
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NextEra Expands Florida Natural Gas Generation in $6.5B Deal with Southern Company

NextEra Energy, Inc., the self-proclaimed largest utility company in the world, announced an agreement Monday with Southern Company to acquire Gulf Power, Florida City Gas and ownership interests in the Oleander and Stanton natural gas generating plants in Florida in deals valued at about $6.475 billion, including $1.4 billion of debt.
Monthly-Permian-Natural-Gas-Production-as-a-Percent-of-Total-US-Consumption-20180522

Permian Associated Natural Gas in Early 2020s Could Supply U.S. Demand, Says Bernstein

U.S. natural gas markets are no longer self-correcting as supply surges from onshore unconventional...

Pennsylvania Board Upholds Well Permits, Says Enviro Rights Not Violated

The Pennsylvania Environmental Hearing Board has denied the appeal of two environmental groups that have for years been challenging permits for six unconventional natural gas wells operated by Rex Energy Corp. near a school in Butler County.
Venture-Global-Calcasieu-Pass-Project-20180521

BP Secures 20-Year LNG SPA with Venture Global’s Calcasieu Parish Project

Venture Global Calcasieu Pass LLC is edging closer to meeting its capacity commitments for one of two Louisiana natural gas export projects...
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Icahn, Corvex Mulling Bid to Further Shake Up Permian Pure-Play Energen

Permian Basin pure-play Energy Corp. is facing another battle for control as hedge...

FERC Denies New Market Rehearing Request, Shifts Course on Environmental Reviews

FERC by a 3-2 vote has denied a request for rehearing of its April 2016 decision to issue a certificate of public convenience and necessity for Dominion Transmission Inc.'s New Market project, with the majority declaring that it will continue to take into account proposed pipelines' potential greenhouse gas emissions, but not their impacts on natural gas production and consumption.
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Pajaritos FSRU Project in Southern Mexico Loses CFEnergia as Anchor Client

The fuel marketing affiliate of state power utility Comision Federal de Electricidad (CFE) will no longer participate in a tender for a liquefied natural gas project in southern Mexico, a company official told NGI’s Mexico GPI.
Jordan-Cove-LNG-and-Neighboring-Pipeline-Infrastructure-20170410-v21

Jordan Cove LNG Shipping Earns Coast Guard OK

The U.S. Coast Guard has given the green light to shipping at the proposed $6 billion-plus Jordan Cove liquefied natural gas export terminal and connecting transmission pipeline in Coos Bay in Oregon.
Existing-and-Planned-Natural-Gas-Pipelines-in-the-Northeastern-United-States-20180518

Northeast Pipeline Capacity May Exceed 23 Bcf/d in 2018, EIA Says

If all the natural gas pipeline projects currently under construction to serve producers in the Appalachian Basin ramp up...

Rex Energy to Sell All Remaining Oil, Natural Gas Properties

Appalachian pure-play Rex Energy Corp. is seeking buyers for all of its oil and natural gas assets in western Pennsylvania and eastern Ohio, the company said Friday after voluntarily filing for bankruptcy in a federal court in Pittsburgh.
2016-North-Central-and-South-America-Natural-Gas-Consumption-20180516

Central America Readying for More Natural Gas Consumption

Natural gas has never made much of a mark in Central America, but in September the fuel will open a new frontier when a combined-cycle generation plant comes onstream, officials of AES Corp.’s AES Panama told NGI.
Gulf-South-Pipeline-Co-Westlake-Compressor-Station-Expansion-Project-Calcasieu-Parish-LA-20180518

FERC Approves Gulf South's Westlake Natural Gas Expansion in Louisiana

FERC on Thursday authorized Gulf South Pipeline Co.'s proposal to build and operate the Westlake Expansion Project in Calcasieu Parish, LA, with one notable dissent.

People -- Northern Oil Rehires Michael Reger

3D"Sign

NGI's Bidweek Alert Day 2 - May 25th for June 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 -- -0.12 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- --
East Texas
Carthage -- -0.12 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk -- -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.97 -1.08 to -1.06
Transwestern -- --
Waha -- --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.70 to 2.74 --
Chicago - Nicor Gas -- --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn -- -0.205 to -0.185
Emerson -- -0.39 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated -- -0.22 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW -- -0.65 to -0.65
Enable East -- -0.29 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.53 to 2.58 --
Northern Natural Ventura 2.54 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.32 to 2.32 -0.67 to -0.66
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.17 to -0.17
Columbia Gulf Mainline -- -0.1575 to -0.1475
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.055 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.04 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.02
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.035 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.23 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.675 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.37 to -1.30
Tenn Zone 4 200L -- -0.45 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.40 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.38 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.26 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.22 to -0.18
Transco Zone 6 non-NY North -- -0.22 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.06 to 2.06 --
Northwest Sumas 1.45 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.12 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.10 to 3.12 --
SoCal Citygate 3.41 to 3.51 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.43 --
SoCal Border Avg. 2.27 to 2.43 --
Canada
Empress -- --
NOVA/AECO C 0.83 to 0.90 --
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.