Story of the Week

Reports of FERC LNG Delays Are Greatly Exaggerated, Says Chairman McIntyre
NGI Weekly Intel
A published report claiming that FERC has informed liquefied natural gas developers that reviews of project applications are 12-18 months behind... Read More
Ferc-approved-lng-import-export-terminals-20180718

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NGI Weekly Newsletter

July 16, 2018

FERC, PHMSA to Collaborate on LNG Application Reviews, McIntyre Says

Just two days after hinting that FERC could soon have news about improved coordination with other federal entities to speed along pending liquefied natural gas applications, Chairman Kevin McIntyre delivered his scoop.

LaFleur, Glick Shed Light on Recent Dissents in Natural Gas Pipeline Approval Cases

Commissioners Cheryl LaFleur and Richard Glick, the two Democratic members of the five-member FERC, dissented to natural gas pipeline certificates on their agenda Thursday, as they have several times in recent weeks, and shed some light on their reasoning in those cases.

Kinder Morgan Accelerating Plans to Tackle Permian Natural Gas Bottleneck

Kinder Morgan Inc. management said late Wednesday it would pump $2.4 billion into growth projects this year, up $200 million from the previous forecast, as it lays the groundwork to debottleneck the juggernaut that is the Permian Basin, where oil and associated natural gas production is booming.

FERC Adopts Final Rule Addressing Natural Gas Pipeline Tax Changes

FERC has given unanimous approval to a final rule to address changes in income tax rates for natural gas pipeline companies resulting from last year's federal tax reform bill.
Cumulative-Monthly-Panama-Canal-Transits-by-Market-Segment-201807111

Panama Canal Revising Rules to Ready for Expanding LNG Traffic

The Panama Canal, preparing for ever-more liquefied natural gas tanker traffic, is planning to lift self-imposed daylight and encounter restrictions for vessels this fall.
NGI-Monthly-Average-Marcellus-NE-PA-Shale-Price-Index-vs-NGI-Daily-Transco-Zone-5-South-NatGas-Price-Index-20180719.png

Atlantic Sunrise Eyes August for Full Ramp Up to Carry More Marcellus Gas

Williams Partners LP said late Wednesday construction on the 1.7 Bcf/d Atlantic Sunrise pipeline project is expected to be completed in August, with full service slated to begin by the end of the month.

Oil, Gas Industry Frustrated by Rejections to Steel Tariff Exemptions; Permian Pipeline Affected

Officials with the American Petroleum Institute said their member oil and gas companies are frustrated with the process that the Trump administration established to request exemptions to tariffs on imported steel, with several petitions -- including one for a pipeline to service the booming Permian Basin -- already rejected on vague grounds.
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Mexico Postpones E&P Bid Rounds, Farmout Tender to 2019

Mexico’s National Hydrocarbons Commission postponed two onshore bid rounds and a farmout tender for operating stakes in upstream blocks held by national oil company Petróleos Mexicanos until the first half of 2019.
Trans-Pecos-Pipeline-and-Nearby-Natural-Gas-Infrastructure-20180718

Court Backs FERC's Limited Environmental Review of Texas-to-Mexico Trans-Pecos Pipeline

A federal appeals court panel rejected an environmental group's objection to FERC's approval last year of facilities to carry natural gas from West Texas to Mexico, saying the regulatory agency had fulfilled its obligation to review the project's environmental impacts.

Energy XXI’s Schiller Fined, Barred as Officer, Director at Public Company for Five Years

Former Energy XXI Ltd. CEO John D. Schiller Jr., who was ousted after the board determined he had hidden $10 million in loans to finance a lavish lifestyle, has agreed to pay a $180,000 fine and will not be allowed to serve as an officer or director for any public companies following an investigation by the Securities and Exchange Commission.

San Francisco Judge Rejects Calls to Move Fracking Lawsuits to Wyoming

A federal district court judge in San Francisco has denied motions by the Trump administration and the oil and gas industry to move a pair of lawsuits concerning an Obama-era rule governing hydraulic fracturing on public and tribal lands to more friendly territory -- a district court in Wyoming.
Global-E-and-P-Capital-Spending-20180718

Global E&P Spending Outlook Improving, with U.S. Onshore Budgets Tweaked Higher

Global exploration and production expenditures are predicted to increase 10% this year following an 8% hike in 2017, with North America’s shale...
FERC-Approved-LNG-Import-Export-Terminals-20180718

Reports of FERC LNG Delays Are Greatly Exaggerated, Says Chairman McIntyre

A published report claiming that FERC has informed liquefied natural gas developers that reviews of project applications are 12-18 months behind...
Share-of-Global-Upstream-Oil-and-Gas-Investment-by-Asset-Type-20180717

Global Natural Gas, Oil Spend Rising, with U.S. Unconventionals Still A Good Bet, Says IEA

Fossil fuel investments increased worldwide last year for the first time since 2014, with U.S. shale/tight oil and gas prospects...
Annual-PEMEX-Production-of-Petroleum-Products-20180717

IEA Hails Mexico Energy Reform as World’s ‘Most Successful’

The International Energy Agency praised Mexico’s 2013 energy reform as a model for the world to follow in a new report.

Steel Tariff Exemption Rejections Frustrating Members, Say API Execs

Officials with the American Petroleum Institute said their member companies have been frustrated with the process the Trump administration established for requesting an exemption to tariffs on imported steel, with several petitions already rejected on vague grounds.

Utica, SCOOP Again Lift Gulfport Production

Gulfport Energy Corp. produced 1.330 Bcfe in the second quarter, beating internal guidance and Wall Street estimates for the period.
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Developing Asian LNG Benchmark No Simple Task, Say Panelists

Even as a majority of global liquefied natural gas (LNG) demand is focused in Asia, developing a transparent price index -- or multiple indexes -- to reflect the region’s supply and demand dynamics remains a significant challenge, according to a group of panelists at last month’s 2018 World Gas Conference in Washington, DC.
EIA-NatGas-Production-20180717

EIA Stats Show No Slowing in Natural Gas, Oil Production Growth

The trend of growing natural gas and oil production from the United States' seven most prolific onshore unconventional plays, which began 20 months ago, will continue unabated in August, according to the U.S. Energy Information Administration.
Topolobampo-Pipeline-and-Nearby-Natural-Gas-Pipeline-Infrastructure-20180716

Startup of $1.2B Mexico Pipeline Welcome News for TransCanada

TransCanada Corp. confirmed on Monday that the $1.2 billion EL Encino-Topolobampo natural gas pipeline in Mexico has begun operating, with capacity to supply 670 MMcf/d to the northwestern states of Chihuahua and Sinaloa.

Natural Gas Flowing Again As Leach XPress Restores Full Capacity

Columbia Gas Transmission LLC has completed repair work and restored service on Leach XPress more than a month after the pipeline exploded in Marshall County, WV.

Top U.S. E&Ps Boosting Reserves, Output, Revenues with Assist from Technology, Pricing

Technology innovations and improved efficiencies, combined with a better price, gave an assist to the 50 leading U.S. exploration and production companies last year to increase revenues and production, while growing their oil and natural gas reserves.
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Trump Turns Down Rhetoric, Says U.S. LNG 'Will Compete' With Russia’s Nord Stream 2 Pipeline

President Trump appeared to backtrack from a comment he made last week that the controversial Nord Stream 2...
Tidewater-and-Gulfmark-Separate-and-Combined-Fleet-Size-20180716

Tidewater, GulfMark Combination to Create Houston-Based OSV Giant

Houston-based operators Tidewater Inc. and GulfMark Offshore Inc. have agreed to combine in a transaction valued at $1.25 billion, creating a global offshore support vessel leader positioned to capitalize on cost synergies and growth opportunities as a recovery gains traction.
Monthly-North-Dakota-Oil-Production-and-Sweet-Crude-Prices-20180716

Bakken Production Shatters 2014 Record; More Rigs in North Dakota Expected By Year's End

Calling it the "most encouraging" oil and natural gas production total in more than...
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U.S. Adds Two Natural Gas Rigs, While Oil Count Flat, Says BHI

Two natural gas-directed rigs returned to action in the United States during the week ended Friday as oil activity held steady...

Total Becomes No. 2 Global LNG Player with Engie Acquisition

Oil and natural gas major Total SA became the second largest global liquefied natural gas player on Friday with the completion of its acquisition of Engie SA’s portfolio of upstream LNG assets valued at $1.5 billion, the French company said.

Higher Oil, Natural Gas Prices Needed for Stronger Drilling Response, U.S. Operators Tell Kansas City Fed

Oil and natural gas activity expanded “solidly” during the second quarter in much of the Rockies and the northern half of New Mexico, and exploration and production companies in the region continue to have strong expectations for future development, albeit at a higher price, the Federal Reserve Bank (Fed) of Kansas City said Friday.

EPA, FERC Need Bigger Roles in NatGas Pipeline Permitting, Senate Panel Told

Executives from the oil and gas industry told a Senate panel on Thursday the Environmental Protection Agency and FERC needed to play bigger roles to ensure a fair regulatory climate to permit natural gas pipelines, adding that Congress may need to change some laws to help make that possible.

Interior’s August GOM Auction to Offer 14,622 Shallow, Deepwater Blocks

Nearly 78 million acres are on offer for oil and natural gas development offshore Texas, Louisiana, Mississippi, Alabama and Florida in a federal auction to be held in August, the Department of Interior said Friday.

Canada LNG Exports -- Both West and East -- Facing Global Cost Pressures, Says CERI

Formidable cost obstacles confront British Columbia plans to break into global liquefied natural gas markets, while Nova Scotia export proposals face even higher hurdles, according to the Canadian Energy Research Institute.

People -- Rusty Braziel | Nick Stavropoulous

Chatterjee Wants FERC to Intensify Recruitment Efforts for Engineers, Lawyers

In a series of postings to Twitter on Wednesday night, FERC Commissioner Neil Chatterjee proposed pay increases, fellowship programs and a new regional office as ways to combat "personnel resource constraints inhibiting" an ongoing review of liquefied natural gas export terminal applications.
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Landslide Suspected in Leach XPress Explosion; Full Service Expected by Sunday

An unintentional release of 165 MMcf of natural gas that burst into flames and damaged...

3D"Sign

NGI's Bidweek Alert Day 5 - June 29th for July 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 -- -0.17 to -0.17
Texas Eastern S. TX -- 0.00 to 0.03
Transco Zone 1 -- --
East Texas
Carthage -- -0.1475 to -0.1475
Houston Ship Channel 3.00 to 3.03 --
Katy -- --
NGPL TexOk 2.77 to 2.77 -0.18 to -0.1725
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.10 to -0.10
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.70 to 2.00 --
Transwestern 1.77 to 1.83 --
Waha 1.71 to 1.80 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.72 to 2.84 --
Chicago - Nicor Gas 2.72 to 2.84 --
Chicago - NIPSCO 2.74 to 2.77 --
Chicago - North Shore -- --
Chicago - Peoples 2.74 to 2.75 --
Consumers Energy -- -0.17 to -0.1625
Dawn 2.79 to 2.88 -0.19 to -0.17
Emerson -- -0.435 to -0.41
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.19 to -0.17
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.26 to 2.26 -0.76 to -0.68
Enable East -- -0.26 to -0.25
Enable West -- --
NGPL Midcontinent 2.26 to 2.35 -0.65 to -0.65
Northern Border Ventura -- --
Northern Natural Demarc 2.58 to 2.71 --
Northern Natural Ventura 2.59 to 2.70 --
OGT -- -1.20 to -1.20
Panhandle Eastern 2.22 to 2.25 -0.775 to -0.75
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.175 to -0.17
Trunkline Zone 1A -- -0.2375 to -0.22
South Louisiana
ANR SE -- -0.195 to -0.19
Columbia Gulf Mainline -- -0.195 to -0.1475
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.00 to 0.00
Southern Natural -- -0.0575 to -0.055
Tennessee Line 500 -- -0.075 to -0.07
Tennessee Line 800 -- -0.10 to -0.095
Texas Eastern E. LA -- -0.11 to -0.11
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.05 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.02 to 0.02
Texas Eastern M-1, 30 -- -0.1325 to -0.125
Transco Zone 4 -- -0.0375 to -0.03
Transco Zone 5 -- 0.075 to 0.085
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.075 to 0.085
Appalachia
Columbia Gas 2.77 to 2.81 -0.1975 to -0.185
Dominion North -- -0.67 to -0.64
Dominion South -- -0.67 to -0.6325
Leidy Hub -- --
Millennium East Pool -- -0.84 to -0.80
Tenn Zone 4 200L -- -0.36 to -0.335
Tennessee Zn 4 313 Pool -- -0.46 to -0.45
Tennessee Zn 4 Marcellus -- -0.91 to -0.85
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.69 to -0.66
Texas Eastern M-3, Delivery -- -0.58 to -0.55
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.93 to -0.75
Northeast
Algonquin Citygate -- -0.26 to -0.125
Algonquin Citygate (non-G) -- -0.26 to -0.125
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.14 to -0.09
Iroquois, Waddington -- --
Niagara -- -0.30 to -0.30
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.175 to -0.13
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.14 to -0.06
Transco Zone 6 non-NY North -- -0.14 to -0.06
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.125 to -0.125
Rocky Mountains
Cheyenne Hub 2.19 to 2.23 --
CIG -- --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.11 to 2.15 --
Kern River 2.30 to 2.30 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 1.67 to 1.83 --
Northwest Wyoming Pool 2.21 to 2.22 --
Opal 2.20 to 2.33 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.14 to 2.16 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.76 to 2.95 --
California
Malin 2.26 to 2.37 --
PG&E Citygate 2.93 to 3.02 --
SoCal Citygate 3.71 to 4.26 --
Southern Border, PG&E 2.24 to 2.35 --
Southern Border, SoCal 2.10 to 2.85 --
SoCal Border Avg. 2.10 to 2.85 --
Canada
Empress -- --
NOVA/AECO C 1.34 to 1.52 --
Westcoast Station 2 1.28 to 1.35 --
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.