Story of the Week

Boardwalk CEO Sees Room For Two Permian-to-Gulf Coast NatGas Pipes
NGI Weekly Intel
With the Gulf Coast Express project officially moving forward, Boardwalk Pipeline Partners LP continues to pursue... Read More
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NGI Weekly Newsletter

February 19, 2018

Compressor Station Start-up of Atlantic Sunrise Delayed; Williams Sticking to Mid-2018 In-Service

The expected July start-up of greenfield compression services along the Transcontinental Gas Pipe Line Co. Atlantic Sunrise expansion project will be delayed a few months, parent company Williams CEO Alan Armstrong said Thursday.

Investors Yearning for Simplicity After EQT, Rice Tie-Up Breeds Natural Gas Juggernaut

EQT Corp. produced an astounding 4 Bcfe/d in December, its first full month of integrated operations after completing the acquisition of Rice Energy Inc. in a deal that gave rise to the nation’s largest natural gas producer. 

South Texas Expansion, Pomelo Connector Projects Granted FERC OK

A pair of separate but related pipeline efforts intended to support natural gas exports to Mexico, the Texas Eastern Transmission South Texas Expansion Project and Pomelo Connector LLC's Pomelo Connector Pipeline Project, were each granted certificate authorization for construction by FERC Thursday.
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FERC Authorizes WBI Energy's Valley Expansion Project

FERC on Thursday authorized MDU Resources Group's WBI Energy Inc. to construct and operate expansion facilities for the Valley Expansion Project, which would for the first time bring natural gas to a number of towns in far-eastern North Dakota and parts of western Minnesota.
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Encana’s Permian, Montney Carry 4Q on Revamped Well Designs, Efficiencies

Encana Corp. launched a five-year strategy last year already in need of an update...
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Noble Pulls Anchor in GOM as U.S. Onshore, Mediterranean Natural Gas Take Priority

Noble Energy Inc., increasingly focused on U.S. onshore prospects and a massive natural gas development offshore Israel...

Oxy’s Permian -- Legacy and New -- Drive Output in 4Q

Occidental Petroleum Corp.'s senior executives on Wednesday were whistling a familiar tune regarding production growth and efficiency gains, led by the Permian Basin, with fourth quarter output jumping year/year by a record 20,000 boe/d to 159,000 boe/d.

Big Gains Seen for Antero After January Cold Snap Stoked Natural Gas Demand

Antero Resources Corp. said Wednesday that this year’s completion schedule, a pipeline rupture in Ohio and last month’s extreme cold are likely to combine in holding its first quarter production flat with 4Q2017 volumes of 2.347 Bcfe/d. 

Colorado OKs Sweeping Oil, Natural Gas Flowline, Infrastructure Regulations

Colorado regulators late Tuesday approved what some consider to be the most comprehensive rules addressing oil and gas flowlines and infrastructure in the nation, a response to a fatal explosion last year in a Denver area neighborhood.
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Rover’s Lateral to Southwestern Pennsylvania Ready for Start-Up

Rover Pipeline LLC is looking to place its Burgettstown Lateral into service by Feb. 26, the operator told FERC Tuesday.

Trump Budget Calls for Expanded Funding for Fossil Fuel R&D

Federal programs that support expanded fossil fuel development would receive increased funding under a $4.4 trillion budget proposal for fiscal year 2019, as the Trump administration looks to continue "energy dominance" policies designed to make the U.S. a net energy exporter by 2026.

Tallgrass Zone 3 Project Boosting Revenues; Company Positioning for PRB Growth

Tallgrass Energy Partners LP has signed three firm contracts totaling 105 MMcf/d for incremental natural gas pipeline capacity in Zone 3 of the Rockies Express Pipeline system after generating about $15.8 million of revenue in incremental sales during the fourth quarter, CFO Gary Brauchle said Tuesday.
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Sener Makes Another Run at Unlocking Mexico’s Lucrative Unconventional Oil, Gas Reserves

Mexico aims to auction blocks of unconventional resources "sooner rather than later” to unleash the potential...

Pivotal Secures LNG Contract to Supply Puerto Rico Firm

Additional liquefied natural gas shipments from Florida to a pharmaceutical company in Puerto Rico were unveiled Tuesday by Pivotal LNG, which secured a multi-year contract.

FERC Chair Asks For 'Candid' Input From NARUC on Grid Resiliency

FERC Chairman Kevin McIntyre said the Commission has begun analyzing President Trump's proposal for comprehensive infrastructure legislation, but he strongly disagreed with the characterization, often leveled by pipeline opponents, that it serves as a "rubber stamp" to the oil and gas industry.
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Boardwalk CEO Sees Room For Two Permian-to-Gulf Coast NatGas Pipes

With the Gulf Coast Express project officially moving forward, Boardwalk Pipeline Partners LP continues to pursue...

TransCanada’s North Montney NatGas Pipe Draws Widespread Opposition

A strange bedfellows lineup of government, producer, consumer, environmental and native opponents has formed against TransCanada Corp.’s planned rescue pipeline for reserves orphaned by cancellation of liquefied natural gas exports from British Columbia.

BLM Moves to Nearly Repeal Obama-Era Venting/Flaring Rule for Public, Tribal Lands

The U.S. Department of Interior's Bureau of Land Management is proposing to replace the Obama-era Waste Prevention Rule, which governs flaring and venting of associated natural gas on public and tribal lands, with requirements similar to those that were in force prior to the rule’s adoption in 2016.

PG&E Pursuing California Power Project Sans Natural Gas

In keeping with a long-term goal to reduce nuclear and natural gas-fired power generation, San Francisco-based Pacific Gas and Electric Co. has begun to wind down its reliance through distributed renewable and energy efficiency projects in Oakland.
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Trump's $1.5T Infrastructure Plan Would Give Interior Input on NatGas Pipelines

President Trump called on Congress Monday to pass an infrastructure bill that would generate at least $1.5 trillion...

Floating LNG Facilities Finding Wider Global Market

The growing global liquefied natural gas trade is helping to expand the market for floating storage and regasification units.

Big Seven Onshore Production, DUCs Trending Higher, Says EIA

U.S. onshore natural gas and oil production is predicted to move higher in March from February in nearly every one of the seven big fields, the Energy Information Administration said Monday.

West Virginia Co-Tenancy Legislation Advances to House Floor

This year’s version of legislation that would make it easier for West Virginia’s natural gas producers to block up acreage for longer laterals by gathering leaseholders into large tracts has passed committee and is scheduled for its first reading before the full state House of Representatives on Tuesday. 

Pin Oak's Buying Spree Continues in Series of Appalachian Deals

Upstart Pin Oak Energy Partners LLC has acquired another 70,000 net acres in Ohio and Pennsylvania that are prospective for the Utica Shale through a series of transactions with undisclosed sellers that closed this month. 
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Energy Execs Bulls on Oil, Bears on NatGas and Ready for Higher OFS Costs, Says Raymond James

Energy executives are bullish on oil, bearish about natural gas and “acutely aware” that oilfield...

Cheniere Ordered to Shut Two Sabine Pass LNG Storage Tanks Pending Investigation

Cheniere Energy Inc. has shut two of the five storage tanks at the Sabine Pass natural gas export terminal in Cameron Parish, LA, after several issues were discovered in January by employees and federal officials.
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Pemex’s $4B Bond Issue Placement Aims to Shore Up Finances

Petroleos Mexicanos moved to shore up its finances in early February with a $4 billion bond placement, but Moody’s Investors Service sees potential clouds on the horizon for the Mexican state-owned oil giant.

Targa Planning Permian NatGas Midstream Plants, Mont Belvieu Fractionation Train

Targa Resources Corp. is planning to build two 250 MMcf/d cryogenic natural gas processing plants to support increasing production in the Permian Basin’s Midland sub-basin, and a 100,000 b/d fractionation train in Mont Belvieu, TX.

Cheniere Secures Two LNG Contracts with China National Petroleum

Cheniere Energy Inc. on Friday said it has scored two agreements to export natural gas to China National Petroleum Corp., the largest state-owned producer, which should help advance a planned terminal in South Texas.
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MDU Resources Bringing Online More Natural Gas Pipe After Record Volumes in 2017

MDU Resources Group Inc.’s is planning to bring online later this year a 21-mile, 12-inch diameter natural gas pipeline...

Patterson-UTI Sees Rising North American Demand for Super-Specs, Pressure Pumping

Concerns that North American oil and natural gas activity would dip in late 2017 were unfounded, according to contract driller Patterson-UTI Energy Inc., which reported strong demand for onshore services and upgraded rigs.

Proposed Canadian Policy Could Make Pipelines Responsible for Wellhead-to-Burnertip Greenhouse Gas

The regulatory barrier that halted TransCanada Corp.’s Energy East pipeline conversion last year -- blaming pipelines for cargo carbon emissions -- would confront all future projects under legislation proposed Thursday by the Liberal government in Ottawa.

Natural Gas Pipelines Needs Regulatory Certainty, Faster Permitting, Says INGAA Chief

As Congress considers spending money to upgrade the nation's infrastructure, Interstate Natural Gas Association of America CEO Donald Santa told lawmakers that the existing network of natural gas pipelines would continue to evolve and needs several enhancements.

ExxonMobil Adds 2.7 Billion Boe to Proved Reserves in 2017

ExxonMobil Corp. last year boosted its global oil and natural gas resource base by 9.8 billion boe through by-the-bit exploration discoveries and strategic acquisitions, the largest gains since acquiring XTO Energy Corp. in 2010, while it added 2.7 billion boe of proved reserves.

3D"Sign

NGI's Bidweek Alert Day 1 - February 22 for March 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 -- --
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- --
Houston Ship Channel -- --
Katy -- --
NGPL TexOk -- -0.15 to -0.15
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.87 to 1.98 --
Transwestern 1.91 to 1.93 --
Waha 1.90 to 1.95 --
Midwest
Alliance -- -0.075 to -0.075
ANR ML7 -- --
Chicago Citygate 2.56 to 2.58 --
Chicago - Nicor Gas 2.56 to 2.58 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- --
Dawn -- 0.005 to 0.025
Emerson -- -0.06 to -0.04
Joliet -- -0.075 to -0.075
Lebanon -- --
Michigan Consolidated -- -0.1375 to -0.1275
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.15 to -0.15
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.15 to 2.17 --
Enable East -- --
Enable West -- --
NGPL Midcontinent -- -0.44 to -0.43
Northern Border Ventura -- --
Northern Natural Demarc 2.49 to 2.50 -0.14 to -0.14
Northern Natural Ventura 2.48 to 2.48 -0.16 to -0.16
OGT -- -0.99 to -0.93
Panhandle Eastern -- --
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- --
Trunkline Zone 1A -- -0.135 to -0.135
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1525 to -0.1475
Columbia Gulf onshore -- -0.15 to -0.15
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0725 to -0.0725
Tennessee Line 500 -- -0.075 to -0.075
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- -0.02 to -0.02
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.02 to 0.02
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.015 to -0.01
Transco Zone 5 -- --
Transco Zone 5 North -- --
Transco Zone 5 South -- --
Appalachia
Columbia Gas -- -0.275 to -0.265
Dominion North -- --
Dominion South -- -0.54 to -0.53
Leidy Hub -- --
Millennium East Pool -- -0.655 to -0.65
Tenn Zone 4 200L -- -0.20 to -0.16
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.785 to -0.78
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- --
Texas Eastern M-3, Delivery -- -0.18 to -0.175
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.67 to -0.64
Northeast
Algonquin Citygate -- 1.20 to 1.20
Algonquin Citygate (non-G) -- 1.20 to 1.20
Algonquin Receipts -- --
Iroquois Zone 2 -- --
Iroquois, Waddington -- 0.30 to 0.30
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- --
Transco Zone 6 non-NY North -- --
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- --
Rocky Mountains
Cheyenne Hub 2.20 to 2.20 --
CIG 2.20 to 2.24 --
CIG DJ Basin 2.12 to 2.12 --
El Paso Bondad -- --
El Paso non-Bondad 2.05 to 2.09 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.18 to 2.19 --
Northwest Sumas 1.95 to 2.03 --
Northwest Wyoming Pool -- --
Opal 2.18 to 2.18 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 2.16 to 2.16 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.24 to 2.27 --
PG&E Citygate 2.77 to 2.82 --
SoCal Citygate 3.25 to 3.28 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.32 to 2.55 --
SoCal Border Avg. 2.32 to 2.55 --
Canada
Empress 2.39 to 2.40 --
NOVA/AECO C 1.57 to 1.60 --
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.