Story of the Week

And One More Makes Three: Powelson Sworn In, Finally Restoring FERC Quorum
NGI Weekly Intel
Former Pennsylvania state utility commissioner Robert Powelson was officially sworn in as the third commissioner... Read More
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NGI Weekly Newsletter

August 14, 2017

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Silver Run STACK-ing Assets in Takeover of Alta Mesa, Kingfisher Midstream

Houston’s Silver Run Acquisition Corp. II, helmed by former Anadarko Petroleum Corp. chief Jim Hackett...
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Lower Tertiary Draws Most Prospectors in GOM-Wide Lease Sale

In the first lease sale covering the entire Gulf of Mexico (GOM) since 1983, the Lower Tertiary Trend, an intriguing deepwater play that has yielded big-time discoveries, captured most of the attention.
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Mexico’s CRE to Publish First NatGas Price Report This Week

Mexico’s Comision Reguladora de Energia (CRE) plans to publish by the end of this week its...

Trump Wins Industry Praise for Ordering Faster Federal Permitting of Infrastructure

Several trade associations representing the oil and natural gas industry applauded President Trump for signing an executive order directing the federal government to expedite its review and permitting of major infrastructure projects.

EIA Finds Appalachian NatGas Differentials Narrowing As Pipeline Capacity Expands

The Energy Information Administration said on Tuesday that new natural gas pipelines have narrowed Appalachian differentials since January 2014, with some of the best gains coming this year.
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North America’s NatGas Markets Working, with ‘Paradigm Shift’ Underway, Says BP Exec

The North American natural gas market is more globally interconnected than ever before, as exports steam along...

Mexico’s Sener Expects Draft of NatGas Storage Policy by September

The Mexican Energy Secretariat, Sener, expects to release a draft of its public policy for natural gas storage in early September, according to the head of the ministry’s industrial transformation unit.

Chatterjee Ready to Steer FERC Until McIntyre Confirmed as Chairman

FERC's new -- and temporary -- Chairman, Neil Chatterjee, is confident that the work done by a skeleton crew during the Commission's months without a quorum will help him, former Commissioner Cheryl LaFleur and Commissioner Robert Powelson to quickly begin to address a backlog of applications.
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New Jordan Cove LNG Filing Expected Soon, Veresen CEO Says

Veresen Inc.’s main focus is trained on completing a $7.3 billion combination with Pembina Pipeline, but the Calgary-based management team...

Prepping for Rover, ETP Asks to Start Up Panhandle, Trunkline Projects

As it continues pushing to finish constructing its $4.2 billion Rover Pipeline by 4Q2017, Energy Transfer Partners LP through its affiliates has asked FERC for authorization to place the related Panhandle and Trunkline backhaul projects into service.
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Mexico Preparing for Unconventional Onshore Auction, Eyeing Growth in NatGas Supply

Mexico is gearing up to auction emerging unconventional resources through Round 2.5, and while oil is a top priority for prospectors, the country also wants to encourage more natural gas development, a top official said Monday.

Majority Leader Says Pennsylvania House Considering NatGas Severance Tax

A severance tax on unconventional natural gas production could be part of a final package to fund Pennsylvania's state budget, said House Majority Leader Dave Reed (R-Indiana County), but not if that package also includes gross receipts taxes for gas, electric and telephone utility customers.
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Summer Not Over Yet; NatGas Forwards Jumped 22 Cents Last Week

What a difference a week makes. Just one week after plunging by double digits, natural gas September forward prices vaulted...
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U.S. Rig Count to Fall This Year, Rebound to 1,100 in 2018, Raymond James Forecasts

A decline in the U.S. rig count through the second half of 2017 "appears inevitable" based on recent oil prices, but an undersupplied market could drive prices and drilling activity sharply higher in 2018, analysts at Raymond James & Associates said Monday.
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North Dakota Expects Low Oil, NatGas Prices Through 2017 with Flat Production

North Dakota's chief oil and natural gas regulator said Friday he expects prices to stay low for the rest of the year, making...
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Sub-$3 Prices Leave A Mark; U.S. NatGas Rigs Down 8

Driven by a sharp drop in natural gas drilling, five U.S. rigs packed up for the week ended Friday (Aug. 11), according to data released Friday by Baker Hughes Inc. (BHI).

Cabot Claims Extortion by Landowner as Dimock, PA, Saga Continues

Cabot Oil & Gas Corp. is seeking $5 million in damages from an outspoken Dimock, PA, resident and his legal team for what the company claims is an extortion attempt. 

Vista’s Goal: ‘Latin American Champion’ for Oil, Gas Sector, Says CEO

Mexico’s first independent oil and gas company since energy reforms were instituted four years ago began trading Friday following a successful public offering for $650 million.

PennEast Joins Nexus, Urges Prompt Decision by FERC

PennEast Pipeline Co. LLC urged FERC Thursday to take prompt action on the project's certification, joining Nexus Gas Transmission LLC on the list of proposed natural gas pipelines looking to move forward now that the Commission has regained its quorum.

Mexico’s Second Capacity Auction on CFE NatGas Import Pipelines Falls Flat

A second auction to release capacity on Mexican power utility CFE’s cross-border natural gas pipelines in West Texas once again drew no bids on Thursday.
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Weatherford’s McCollum Rewriting Script to Change Perceptions, Company's Fortunes

Weatherford International plc’s missteps and wrong turns, financially and management-wise...
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Oklahoma Task Force to Assess OCC; Three Disposal Wells to Halt Injections

Oklahoma Gov. Mary Fallin, in an effort to discover ways to improve operations of the Oklahoma Corporation Commission (OCC), issued an executive order (EO) Monday creating a five-member task force to conduct an organizational analysis of the agency.

LNG Terminals’ Construction Costs Sink CB&I Earnings, Stock

Stung by labor costs and delays related to four U.S. natural gas infrastructure projects, Chicago Bridge & Iron Co. (CB&I) reported a surprisingly large second quarter loss, which sent investors fleeing Thursday, sending the stock price tumbling almost 27%.
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And One More Makes Three: Powelson Sworn In, Finally Restoring FERC Quorum

Former Pennsylvania state utility commissioner Robert Powelson was officially sworn in as the third commissioner...
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Mexico Non-Associated NatGas Production Hits 15-Year Low

Production from Mexico’s leading principal natural gas basins -- Burgos, Sabinas, Burro-Picachos and Veracruz -- is at a 15-year low, the National Hydrocarbons Commission (CNH) reported this week.

Interior Repeals Obama-Era Oil, NatGas Valuation Rule in Industry Win

The Interior Department's Office of Natural Resources Revenue (ONRR) said it is repealing an Obama-era rule that amended how the government calculates royalties for oil, natural gas and coal produced on public and tribal lands and is reverting to previous rules.

Rover Phase 2 Ready by Early December, Says ETP

Construction of Rover Pipeline’s Phase 1A should be completed next week, with Phase 2 on track to start-up in late November or early December, the management team for Energy Transfer Partners LP (ETP) said Wednesday.
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EIA’s STEO Forecasting Strengthening U.S. NatGas Exports, Surging Output into 2018

U.S. dry natural gas production should average 73.5 Bcf/d this year, up 1.2 Bcf/d from 2016, while domestic exports to overseas markets should continue to strengthen, the Energy Information Administration (EIA) said Tuesday.

Cheniere’s Sabine Pass LNG Train 4 to Produce First Commissioning Cargoes This Week

Train 4 at Cheniere Energy Inc.'s Sabine Pass liquefied natural gas (LNG) export terminal achieved first LNG production late last month and is expected to produce its first commissioning cargo later this week, management for the Houston-based company said Tuesday.

Industry Will Do 'Whatever is Necessary' to Stop Pennsylvania NatGas Tax

Another budget season in Pennsylvania again has the natural gas industry playing defense, as production and consumption taxes are being considered by the House amidst a 39-day impasse that could find the state without money to pay its bills by the end of the month.
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U.S. NatGas Exports Exceeded Imports in Three of First Five Months, EIA Says

The United States is officially emerging as a net natural gas exporter in 2017, with exports exceeding imports in three of the first five months of the year...
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Goodrich, Comstock Rolling Up Their Sleeves in Haynesville

For Goodrich Petroleum Corp. and Comstock Resources Inc., it's all about a revitalized Haynesville Shale.

Aliso Resumes Limited NatGas Injections; Summer Withdrawals Possible

Southern California Gas Co. (SoCalGas) resumed natural gas injection operations at its Aliso Canyon storage facility near Los Angeles on July 31, and summer heat, as well as a pipeline maintenance project, soon could necessitate withdrawals, the Sempra Energy utility said.
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Southwestern Anticipates Better NatGas Prices With FERC Quorum

Southwestern Energy Co., one of Appalachia's largest natural gas producers, expects Northeast basis differentials to improve now that the Federal Energy Regulatory Commission quorum has been restored and a path has been cleared to get more pipeline projects approved and built, management said.

BP’s Gassy Mancos Well Averaging IP Rate of 12.9 MMcf/d

BP plc has brought online a “highly productive” natural gas well in the Mancos Shale of New Mexico, with early production rates said to be the highest achieved in the San Juan Basin in 14 years.

3D"Sign

NGI's Bidweek Alert Day 5 - July 31 for August 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 -- -0.08 to -0.06
Tennessee Zone 0 South -- -0.175 to -0.1675
Texas Eastern S. TX -- -0.075 to -0.075
Transco Zone 1 -- -0.095 to -0.09
East Texas
Carthage -- -0.115 to -0.115
Houston Ship Channel -- -0.055 to -0.05
Katy -- --
NGPL TexOk -- -0.16 to -0.1525
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.52 to 2.59 --
Transwestern 2.62 to 2.62 --
Waha 2.58 to 2.64 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.74 to 2.88 --
Chicago - Nicor Gas 2.74 to 2.78 --
Chicago - NIPSCO 2.82 to 2.88 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.10 to -0.0925
Dawn 2.75 to 2.87 -0.0925 to -0.065
Emerson -- -0.375 to -0.325
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.79 to 2.80 -0.125 to -0.1125
NGPL Amarillo Mainline 2.67 to 2.70 --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.165 to -0.1625
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.63 to 2.65 -0.34 to -0.33
Enable East -- --
Enable West -- --
NGPL Midcontinent 2.63 to 2.69 --
Northern Border Ventura -- --
Northern Natural Demarc 2.70 to 2.76 --
Northern Natural Ventura 2.72 to 2.76 --
OGT 2.32 to 2.37 -0.57 to -0.57
Panhandle Eastern 2.54 to 2.57 -0.3975 to -0.38
Southern Star -- -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1275 to -0.1175
Trunkline Zone 1A -- -0.125 to -0.115
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.12 to -0.11
Columbia Gulf onshore -- -0.10 to -0.095
Florida Gas Zone 2 -- --
Henry Hub -- -0.005 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.0975 to -0.0925
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0525 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0375 to -0.035
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0475 to -0.0425
Transco Zone 5 -- -0.25 to 0.04
Transco Zone 5 North -- -0.25 to -0.14
Transco Zone 5 South -- 0.0375 to 0.04
Appalachia
Columbia Gas -- -0.19 to -0.18
Dominion North -- --
Dominion South -- -1.28 to -1.19
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -1.05 to -1.00
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -1.33 to -1.30
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.30 to -1.22
Texas Eastern M-3, Delivery -- -1.20 to -1.15
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.265 to -1.24
Northeast
Algonquin Citygate -- -0.54 to -0.42
Algonquin Citygate (non-G) -- -0.54 to -0.50
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.165 to -0.10
Iroquois, Waddington -- -0.10 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.54 to -0.48
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.70 to -0.6525
Transco Zone 6 non-NY North -- -0.70 to -0.6525
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.71 to -0.63
Rocky Mountains
Cheyenne Hub 2.58 to 2.60 --
CIG 2.57 to 2.57 --
CIG DJ Basin 2.52 to 2.57 --
El Paso Bondad -- --
El Paso non-Bondad 2.59 to 2.63 --
Kern River 2.61 to 2.61 --
Kingsgate -- --
Northwest S. of Green River 2.54 to 2.61 --
Northwest Sumas 2.47 to 2.51 --
Northwest Wyoming Pool -- --
Opal 2.61 to 2.67 --
Questar -- --
Stanfield 2.58 to 2.59 --
Transwestern San Juan 2.62 to 2.66 --
White River Hub 2.56 to 2.62 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.67 to 2.75 --
PG&E Citygate 3.25 to 3.32 --
SoCal Citygate 3.19 to 3.25 --
Southern Border, PG&E 2.75 to 2.81 --
Southern Border, SoCal 2.82 to 2.93 --
SoCal Border Avg. 2.82 to 2.93 --
Canada
Empress 2.22 to 2.39 --
NOVA/AECO C 1.76 to 2.06 --
Westcoast Station 2 -- --