Story of the Week

Devon Raises Meramec Inventory by 40%, Showboats Leonard Shale Potential in Permian
NGI Weekly Intel
Devon Energy Corp more than doubled its rig count in the U.S. onshore between September... Read More
Devon-energy-delaware-basin-holdings-20170215

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NGI Weekly Newsletter

February 20, 2017

Keystone XL Pipeline Proposal Reawakened With Nebraska Application

With encouragement from the new administration in Washington, DC, TransCanada Corp. on Thursday revived its Keystone XL cross-border oil pipeline project with an application to the Nebraska Public Service Commission (PSC) for approval of a route through the state and the most pivotal part of the $8 billion project.

Tallgrass to Launch Open Season For REX's Expanded Zone 3 Enhancement Project

Tallgrass Energy Partners LP said it will launch an open season for an additional 150 MMcf/d of capacity along a recently expanded portion of the Rockies Express Pipeline LLC (REX) system and is considering adding bi-directional capacity elsewhere.
Eastern-Market-Access-Project-20170216

FERC Prepares EA For Dominion's Eastern Market Access Project, to Supply Major New Power Plant

FERC staff will prepare an environmental assessment for the Eastern Market Access Project and operation...

Marathon Oil's 2017 Three-Track Race: Oklahoma, Bakken, Eagle Ford

For 2017 Marathon Oil Corp. plans to spend where it can get the highest returns: its leading U.S. resource plays in Oklahoma, Texas and North Dakota.

Encana Readies 'Powerful Launch Pad' in Onshore, CEO Says

North American super independent Encana Corp. sharply lowered costs, delivered better wells and strengthened its balance sheet last year, as it prepared for rising growth from 2017 and beyond, CEO Doug Suttles said Thursday.
North-Dakota-Oil-and-Natural-Gas-Daily-Production-Rate-20170216

North Dakota Production Plummets; Prices, Rig Count Steady

North Dakota oil and natural gas production plunged in December with oil again dropping below the 1 million b/d average, but prices...

Gulfport Scoping Out SCOOP, Still Eyeing Utica in 2017

Gulfport Energy Corp. has plans this year to get familiar with the South Central Oklahoma Oil Province (SCOOP), hoping to transfer what it's learned during the last five years in Ohio's Utica Shale to the Midcontinent's stacked pay potential.

Diamondback Raising Rigs as Activity Escalates in Permian

Diamondback Energy Inc.’s Permian Basin production climbed 38% year/year and was 16% higher sequentially during the fourth quarter as the company raised more rigs in the Southern Delaware.

Trump Signs Bill Repealing SEC Disclosure Rules for Extraction Companies

President Trump signed legislation Tuesday repealing Securities and Exchange Commission (SEC) rules that would have required U.S. energy and mining companies to disclose payments they make to foreign governments.
Devon-Energy-Delaware-Basin-Holdings-20170215

Devon Raises Meramec Inventory by 40%, Showboats Leonard Shale Potential in Permian

Devon Energy Corp more than doubled its rig count in the U.S. onshore between September...

Exports From Sabine Pass Climbed Late Last Year; More Cargos to Mexico

The volume of inlet gas received at the Sabine Pass LNG Terminal was up substantially during November and December, as was the number of export cargos. Meanwhile, during November the terminal saw four cargos depart for Mexico, twice as many as during the preceding nine months.

Colorado AG Sues Boulder County to Lift Oil, Gas Drilling Ban

Pointing to a state Supreme Court ruling last May, Colorado Attorney General (AG) Cynthia Coffman on Tuesday sued Boulder County after warning the board of commissioners that it is acting illegally in extending into May a temporary oil and gas drilling ban. 

LaFleur Says Top Priorities at FERC Unchanged Despite Lack of Quorum

Acting FERC Chairman Cheryl LaFleur said her top regulatory priorities remain unchanged despite the Commission's lack of a quorum. But in the interim the health of wholesale competitive markets needs to be addressed and pipeline foes need to find a more appropriate venue to express their views, she said.
US-Diesel-and-Natural-Gas-Transit-Bus-Fleet-20170213

10% of Medium-, Heavy-Duty Trucks to Run on NatGas by 2025, Report Says

By 2025, nearly one in 10 medium- and heavy-duty trucks sold globally will run on natural gas, according to a report released Thursday by Frost & Sullivan.
Noble-Clayton-Williams-Combined-Southern-Delaware-Position-20170117

Noble Energy Targets DJ, Permian, Eagle Ford as U.S. Onshore Spending Increases by 90%

Noble Energy Inc. has raised its U.S. onshore organic investments for 2017 by 90% year/year, in a bid to raise drilling and completion activity in Colorado and Texas, the Houston-based super independent said Tuesday.
Mariner-East-Pipeline-Project-2015122811

Pennsylvania Finally Approves Mariner East 2 Construction

Sunoco Logistics Partners LP can start construction of the Mariner East 2 pipeline -- a natural gas liquids project that's been in the works for years -- after the Pennsylvania Department of Environmental Protection late Monday approved 20 key permits.

Marathon's Midstream Unit Buys Enbridge Pipeline For $220M

A unit of the midstream master limited partnership of Marathon Petroleum Corp., MPLX Pipe Line Holdings LLC, has agreed to buy Enbridge Pipelines LLC's Ozark line for approximately $220 million. The MPLX LP unit also announced its plans for expanding the acquired pipeline.

Arizona Coal Plant May Operate Through 2019; Future in Navajo's Hands

The four non-government utilities that own most of Navajo Generating Station (NGS) in Arizona, as expected, decided Monday to push for the plant's continuing operations through the next three years. However, they could walk away from the 2,250 MW coal-fired plant by the end of this year rather than the end of 2019, when an existing lease with the Navajo Nation expires.
Weekly-Pacific-Region-Working-Gas-in-Storage-20170214-v2

Ample Western Hydropower Could Dampen NatGas Demand

Potential drought-busting rain and snow falls in California and the greater West Coast are offering the possibility of substantial above-normal...
EIA-NatGas-Production-20170213

NatGas, Oil Production From Big Seven Plays To Continue Higher in March, EIA Says

Oil and natural gas production from the nation's seven most prolific unconventional plays will continue to edge higher in March...

Group Says House Republicans Have Several Obama-Era Energy Rules in the Crosshairs

A group of Republican House lawmakers from Western states said they plan to use the Congressional Review Act this week to roll back one -- and possibly more -- rules enacted during the Obama administration, and that a total of 13 regulations should be targeted.

Pennsylvania Lawmaker Calls Out DEP's New Methane Regs

In a letter sent last week to the Pennsylvania Department of Environmental Protection, Republican state Rep. Daryl Metcalfe accused the agency of skirting the state's Regulatory Review Act in opening a new general permit for unconventional well sites and general permit revisions for natural gas compressor facilities to public comment.

Appalachia NatGas Takeaway Bounty Seen Tempering Henry Hub Prices Long-Term

A massive increase in natural gas pipeline capacity from Appalachia is poised to hit the market over the next couple of years, which when combined with a likelier looser federal regulatory environment, may temper Henry Hub prices in 2018 and beyond.

Texas RRC Veteran Smitherman Reportedly Eyed For FERC Seat

Former Railroad Commission of Texas Chairman Barry Smitherman has been tipped in press reports as a candidate to join FERC. His addition to the Commission would add the voice of a strong advocate for the oil/natural gas industry to the currently quorumless body.
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Veresen Revives Jordan Cove LNG Export Project at FERC

Left in the ditch last year by FERC, Calgary, Alberta-based Veresen Inc. on Friday revived its efforts to build the first U.S. West Coast...
End-of-Month-EIA-Lower-48-Gas-in-Storage-vs-Lower-48-Heating-Degree-Day-Departure-From-Mean-20170210

NatGas Forwards Perk Up on Technical Support, Expectations of Extended Northeast Cold

Renewed buying interest after the previous week’s slide in natural gas prices, as well as supportive news...

Energen Expects Delaware Sub-Basin Production to More Than Double in 2017

Energen Corp. said it plans to run a six- to seven-drilling rig program and spend $790 million on capital expenditures (capex) in 2017, and expects production in the Delaware Basin, a sub-basin of the Permian, to more than double during the year.

Jones Targeting Eastern Anadarko 'Merge' For 2017

Austin-based Jones Energy Inc. said more than half of its gross identified drilling locations are in its growing Merge play, which is now about 21,000 net acres in the Eastern Anadarko Basin; it "has transformed" the company's asset base, Jones said.

Consolidation Continues as EQT Grabs More Core Appalachia Acreage For $527M

EQT Corp. on Thursday followed through again with its intent to continue consolidating core acreage in Appalachia, this time announcing that it outbid two other producers during a bankruptcy auction for about 85,000 net acres from Stone Energy Corp.

Dollar-Value-of-Selected-Energy-Trade-Between-Mexico-and-the-US-20170209

U.S.-Mexico NatGas Exports Running 4.2 Bcf/d This Year, EIA Says

Energy trade between the United States and Mexico continues to grow while the value of U.S. exports has surpassed the value of what it imports...

Done Deal: U.S. Army Corps of Engineers Grants Easement to Dakota Access Pipeline

Late Wednesday the U.S. Army Corps of Engineers granted the on-again, off-again easement needed to complete the $3.8 billion, nearly 1,200-mile Dakota Access Pipeline (DAPL) oil pipeline project.

Monthly-Bakken-and-Niobrara-Crude-Oil-Production-20170209

Tesoro Eyes Growth in Bakken, Rockies From DAPL Interconnections

Among the supporters of the Dakota Access Pipeline completion are Tesoro Corp. and master limited partnership Tesoro Logistics LP, which have a vested interest in an extension of their Bakken Shale operations, the CEO said Tuesday.

GOP Elders Lobby Trump for Carbon Tax Over Obama Climate Change Policies

A coalition of veteran Republican officials, including former Secretary of State James A. Baker, met Wednesday with White House officials to advocate for a national carbon tax to address climate change.

Pioneer's Growth Permian-Powered in 2017 and Beyond

Dallas-based Pioneer Natural Resources Co., whose Texas-rich oil and natural gas growth is driven by the Permian Basin, plans to operate 18 horizontal rigs in the Spraberry/Wolfcamp formations this year as it works toward 15%-plus overall compound annual production growth through 2026.

Parsley-Energy-Leasehold-Acquisition-in-the-Permian-Basin-Midland-Sub-Basin-20170208

Parsley’s Permian Land Grab Continues, with Pricey $2.8B Deal for Another 71,000 Midland Acres

West Texas aficionado Parsley Energy Inc. struck for a second time in the Permian Basin...

3D"Sign

NGI's Bidweek Alert Day 2 - Feb. 23 for March 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 -- --
Tennessee Zone 0 South -- -0.135 to -0.135
Texas Eastern S. TX -- -0.10 to -0.095
Transco Zone 1 -- -0.09 to -0.09
East Texas
Carthage -- --
Houston Ship Channel 2.50 to 2.58 -0.08 to -0.07
Katy -- --
NGPL TexOk 2.47 to 2.49 -0.14 to -0.13
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.26 to 2.30 --
Transwestern 2.24 to 2.26 --
Waha 2.29 to 2.29 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.56 to 2.65 --
Chicago - Nicor Gas 2.63 to 2.65 --
Chicago - NIPSCO 2.56 to 2.57 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0025 to 0.0125
Dawn 2.82 to 2.84 0.18 to 0.21
Emerson -- -0.275 to -0.27
Joliet -- --
Lebanon -- -0.13 to -0.13
Michigan Consolidated -- 0.01 to 0.055
Parkway/Union -- --
Midcontinent
ANR SW 2.31 to 2.31 -0.275 to -0.245
Enable East -- -0.2525 to -0.215
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.29 to 2.37 -0.30 to -0.26
Northern Border Ventura -- --
Northern Natural Demarc 2.46 to 2.53 --
Northern Natural Ventura 2.41 to 2.49 --
OGT 2.27 to 2.30 --
Panhandle Eastern 2.30 to 2.33 -0.32 to -0.26
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1325 to -0.125
Trunkline Zone 1A -- -0.12 to -0.1075
South Louisiana
ANR SE -- -0.11 to -0.1025
Columbia Gulf Mainline -- -0.135 to -0.12
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- -0.005 to -0.005
Southern Natural -- --
Tennessee Line 500 -- -0.10 to -0.09
Tennessee Line 800 -- -0.105 to -0.105
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0825 to -0.075
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0575 to -0.055
Texas Eastern M-1, 30 -- -0.14 to -0.14
Transco Zone 4 -- -0.0775 to -0.065
Transco Zone 5 -- 0.03 to 0.035
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.03 to 0.035
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.255 to -0.24
Dominion North -- -0.59 to -0.58
Dominion South 2.09 to 2.11 -0.57 to -0.465
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.41 to -0.3975
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.74 to -0.70
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.58 to -0.50
Texas Eastern M-3, Delivery -- -0.475 to -0.37
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.72 to -0.60
Northeast
Algonquin Citygate -- --
Algonquin Receipts -- --
Dracut -- --
Iroquois Zone 2 -- --
Iroquois, Waddington -- 0.26 to 0.28
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.35 to -0.33
Transco Zone 6 non-NY North -- -0.35 to -0.33
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.26 to -0.15
Rocky Mountains
Cheyenne Hub 2.27 to 2.27 --
CIG 2.32 to 2.33 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.28 to 2.33 --
Kern River 2.32 to 2.36 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 2.22 to 2.26 --
Northwest Wyoming Pool 2.30 to 2.30 --
Opal 2.35 to 2.37 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.32 to 2.35 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.37 to 2.40 --
PG&E Citygate 2.99 to 3.03 --
SoCal Citygate 2.72 to 2.75 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.41 to 2.45 --
SoCal Border Avg. 2.41 to 2.45 --
Canada
Empress 2.32 to 2.36 --
NOVA/AECO C 2.18 to 2.25 --
Westcoast Station 2 -- --