Story of the Week

Potential U.S. NatGas Reserves Hit Record 3,141 Tcf
NGI Weekly Intel
Estimates of potential natural gas reserves in the United States stood at a record 3,141 Tcf at the end of 2016... Read More
2016-natural-gas-resource-assessment-by-area-20170719

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NGI Weekly Newsletter

July 24, 2017

HEP-Dos-Aguilas-Pipeline-Project-Overview-20170720

Howard Energy Readying South Texas Building Boom to Link U.S. Energy to Mexico Markets

The Port of Corpus Christi in South Texas, where a building boom is underway from oil and natural gas growth fueled by the Permian Basin and Eagle Ford Shale, is readying for another big expansion designed to transport energy to Mexico.

Bills Streamlining Pipeline Permitting Pass House With Some Bipartisan Support

Two bills designed to streamline the permitting process for energy infrastructure, including oil and natural gas pipelines, passed the House of Representatives with some measure of bipartisan support on Wednesday.

Hydro One’s $5.3B Takeover of Avista Extends Gas, Power Business from Canada into Northwest U.S.

Only two months after a privatization share sale, newly investor-controlled Ontario utility Hydro One Ltd. expanded Wednesday into the northwestern United States with a friendly takeover of Spokane, WA-based natural gas and power distributor Avista Corp.

ExxonMobil Challenging $2M Fine Imposed by Treasury for Violating Russian Sanctions

ExxonMobil Corp. on Thursday said it would fight a $2 million fine imposed by the U.S. Department of Treasury for potentially violating Russian sanctions dating to 2014 while it was led by Secretary of State Rex Tillerson.
Current-Consensus-WTI-Brent-and-Henry-Hub-NatGas-Prices-20170720

Questions Precede OFS, E&P Quarterly Earnings on Stagnant Prices, Rising DUC Inventories

Natural gas and oil operators have begun dishing their second quarter results, and energy experts...
Annual-Kinder-Morgan-KMI-Dividend-Per-Share-20170720

Kinder’s NatGas Transport Grows on Mexico, LNG Exports; Permian Expansions Planned

Demand pull from exports to Mexico and from liquefied natural gas terminals on the Gulf Coast has bolstered...
proposed_transco_atlantic_sunrise_project-20130812

Group Claims Atlantic Sunrise Route Violates Religious Freedoms

A Roman Catholic group in Lancaster County, PA, is suing FERC over its approved route for the Transcontinental Gas Pipe Line Co. Atlantic Sunrise project, claiming construction on the group's property would violate religious freedoms.
Annual-PEMEX-Total-Hydrocarbon-Reserve-Replacement-Ratio-20170720

Pemex Eyeing International Collaboration for Mexico E&P Farm-Outs

When Brazil’s energy industry was reformed more than a decade ago, state oil company Petroleo Brasileiro SA, aka Petrobras, raised $70 billion through an initial public offering amid a buying frenzy in the Sao Paulo stock exchange. Mexico’s state-owned Petroleos Mexicano had no such luck in the country’s oil and gas reform, but the company has no plans to go it alone.

Aliso NatGas Storage Facility Cleared to Reopen at 28% of Maximum Capacity

California’s largest natural gas storage facility, Aliso Canyon, was cleared to reopen at limited capacity late Wednesday following months of rigorous inspections and well analysis by state engineering and safety enforcement experts.

2016-Natural-Gas-Resource-Assessment-by-Area-20170719

Potential U.S. NatGas Reserves Hit Record 3,141 Tcf

Estimates of potential natural gas reserves in the United States stood at a record 3,141 Tcf at the end of 2016...

More Fractures = More Water as Select, Rockwater Merge to Boost U.S. Market Share

Texas-based operators Select Energy Services Inc. and Rockwater Energy Solutions Inc. have joined the parade of oilfield services (OFS) operators merging to build market share, agreeing to a stock-for-stock merger to create one of the biggest water solutions providers in the U.S. onshore oil and gas industry.

Tetco Gulf Markets Expansion Phase 2 Ready for Service

Enbridge Inc.'s Texas Eastern Transmission LP requested FERC authorization this week to place the second phase of its 650,000 Dth/d bidirectional Gulf Markets Expansion Project into service by Aug. 1 to carry natural gas supply from Appalachia to the Gulf Coast.
Zama-1-Discovery-Offshore-State-of-Tabasco-20170719-v2

With Mexico Upstream Bids Awarded, ‘Now Comes the Hard Part,’ Talos CEO Says

Producers that have been awarded blocks in Mexico’s historic oil and natural gas upstream auctions should not rest...

Mexico Looks to Sort NatGas Pipeline, Storage Infrastructure Shortage in Nascent Free Market

 As Mexico’s natural gas imports from the United States grow, pent-up demand remains in parts of the country that lack the necessary pipelines, according to Marcelino Madrigal a commissioner at Mexico’s Energy Regulatory Commission (CRE). 

Newly Launched Native Exploration to Tap Opportunities in Midcontinent

With funding from private equity giant Kayne Anderson Energy Funds, Native Exploration Holdings LLC plans to prowl for opportunities in the Midcontinent, particularly Oklahoma.

Nova Scotia, New Brunswick Craving U.S. NatGas After Banning Unconventional Drilling

Canada's Atlantic provinces are sliding into dependence on imports after banning horizontal drilling and hydraulic fracturing to tap their natural gas deposits, said an industry- and government-supported agency.
EV-Energy-Partners-1-Year-Forward-Default-Risk-Over-the-Past-Five-Years-20170718.png

EnerVest Lender Not ‘Trying to Take Control’ of Assets

Houston-based EnerVest Ltd., one of the largest privately held onshore exploration operators in the United States, is working with its investors...

Pennsylvania Budget Negotiations Drag On, Calls Renewed for NatGas Tax

Some lawmakers returned from recess to the Pennsylvania Capitol on Monday as the state remains without a revenue package to balance a nearly $32 billion budget that Democratic Gov. Tom Wolf let pass into law last week without his signature for the third year in a row.

Drilled-But-Uncompleted-Wells-20170717

Permian DUCs, Rig Count Rising While Regional Unemployment Rate Declines

The drilled but uncompleted well count in the Permian Basin had risen to 2,163 at the end of May, about 78% higher than a year ago, as the most active area of the United States continues to draw more rigs and more people, according the Federal Reserve Bank of Dallas.
Annual-NatGas-Delivered-to-Customers-in-California-20170718

California Bipartisan Vote Extends Cap-and-Trade Another Decade

California lawmakers in a bipartisan vote late Monday extended the much-debated multi-billion-dollar cap-and-trade program for another...

Big Seven Plays' NatGas, Oil Production to Move Higher Again in August, EIA Says

The nation's seven most prolific onshore unconventional plays are expected to produce more natural gas and oil in August than in July, continuing an upward trend that has held steady for most of 2017, according to data from the Energy Information Administration (EIA).

Initial Rover Start-Up Now Could Slip to 'Late Summer,' Energy Transfer Says

The initial start-up for Energy Transfer Partners LP's Rover Pipeline could be pushed back to "late summer" due to recent regulatory setbacks, the company said Monday.
Annual-Federal-Gulf-of-Mexico-Marketed-NatGas-Production-20170717

Gulf Coast Could See Renewed Storm-Related Volatility As LNG Exports Grow, But It Won’t Be Armageddon

A lot has changed in a dozen years. GOM natural gas production today represents only a fraction of total U.S....
Monthly-ND-Sweet-vs-WTI-Crude-Oil-Price-20170717

Bakken 'Steady As She Goes’ in North Dakota; DAPL Fails to Reduce WTI Differential

Production in North Dakota’s Bakken Shale remained unchanged in May from April, but that doesn’t mean...
Nikaitchuq-North-Unit-20170717-v2

BOEM Approves Eni's Plans to Drill Four Test Wells in Beaufort Sea

The Interior Department's Bureau of Ocean Energy Management gave conditional approval for a subsidiary of Italy's Eni SpA to drill four exploratory wells on an artificial island in the Beaufort Sea, on leases the company acquired back in 2005.

House Panel Continues Break With Trump, Passes $37.6B Energy, Water Bill

The Republican-controlled House continued its break with President Trump on budget matters, after lawmakers on the Appropriations Committee agreed to a $37.6 billion spending bill that calls for smaller budget cuts to the Department of Energy and the Army Corps of Engineers.

ConocoPhillips Mothballing Kenai LNG Until Market Improves

ConocoPhillips, unable to find a buyer for its Kenai natural gas export facility in Alaska, plans to shutter operations until market conditions improve.

Virginia Supreme Court Sides With Atlantic Coast Pipeline in Eminent Domain Case

The Virginia Supreme Court on Thursday upheld the rights of natural gas companies to gain entry to private property to survey, ruling against a landowner who sought to bar Atlantic Coast Pipeline LLC from her property.

Midcontinent Energy Operators Less Optimistic, Cite Need for Higher Oil, Natural Gas Prices

Midcontinent oil and natural gas activity, including in Colorado, Oklahoma and Wyoming, slowed during the second quarter, according to a survey of energy operators by the Federal Reserve Bank of Kansas City.

Annual-PEMEX-NatGas-Production-and-Total-E-and-P-Capital-Expenditures-20170714

Mexico’s Non-Associated Natural Gas Production Declines, Driving Overall Output Lower

Total natural gas production in Mexico fell at a trendline rate of 3.7% a year between 2012 and the first...

Full House at FERC? Trump to Nominate Jones Day’s Kevin McIntyre as Chairman

President Trump intends to nominate Kevin McIntyre, an attorney with the law firm Jones Day who currently serves as co-head of the global energy practice, to FERC and install him as chairman, the White House said late Thursday.

Jaguar-Sun God Alliance Wins 11 of 24 Gas-Rich Blocks Offered in Mexico’s Two Rounds

In a day of tooth-and-claw bidding, a clear winner emerged Wednesday from the second and third auctions of Round Two of Mexico’s energy reform, which were dominated -- for the first time -- by natural gas-rich blocks.

People -- Rostin Behnam, CFTC

Brief -- GOM Lease Sale

REX Open Seasons Generate 180,000 Dth/d in Firm Commitments East-to-West

Rockies Express Pipeline LLC and operator Tallgrass Energy Partners LP said Wednesday a series of open seasons for an incremental 180,000 Dth/d of east-to-west capacity has resulted in firm commitments expected to generate $13 million in revenue this year.

3D"Sign

NGI's Bidweek Alert Day 5 - June 30 for July 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 -- -0.0725 to -0.04
Tennessee Zone 0 South -- -0.17 to -0.155
Texas Eastern S. TX -- -0.015 to 0.02
Transco Zone 1 -- -0.085 to -0.085
East Texas
Carthage -- -0.125 to -0.11
Houston Ship Channel 3.13 to 3.16 0.115 to 0.12
Katy -- --
NGPL TexOk 2.89 to 2.91 -0.1625 to -0.16
Tennessee Zone 0 North -- -0.19 to -0.175
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.64 to 2.68 --
Transwestern 2.65 to 2.69 --
Waha 2.67 to 2.73 --
Midwest
Alliance 2.87 to 2.88 -0.155 to -0.145
ANR ML7 2.88 to 2.88 -0.105 to -0.105
Chicago Citygate 2.86 to 2.90 -0.13 to -0.13
Chicago - Nicor Gas 2.86 to 2.90 -0.13 to -0.13
Chicago - NIPSCO 2.87 to 2.90 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.10 to -0.0875
Dawn 2.88 to 2.98 -0.09 to -0.0725
Emerson -- -0.395 to -0.36
Joliet 2.87 to 2.88 -0.155 to -0.145
Lebanon -- -0.185 to -0.16
Michigan Consolidated 2.92 to 2.93 -0.135 to -0.11
NGPL Amarillo Mainline 2.73 to 2.76 --
Parkway/Union 2.97 to 2.98 -0.08 to -0.075
REX into ANR - Shelby -- -0.16 to -0.145
REX into MGT - Edgar -- -0.1875 to -0.1725
REX into NGPL - Moultrie -- -0.19 to -0.19
REX into PEPL - Putnam -- -0.145 to -0.145
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.70 to 2.73 -0.3375 to -0.335
Enable East -- -0.195 to -0.19
Enable West -- -0.21 to -0.21
NGPL Midcontinent 2.69 to 2.76 -0.30 to -0.30
Northern Border Ventura -- --
Northern Natural Demarc 2.73 to 2.79 -0.28 to -0.27
Northern Natural Ventura 2.74 to 2.78 --
OGT 2.60 to 2.62 -0.46 to -0.44
Panhandle Eastern 2.61 to 2.67 -0.405 to -0.37
Southern Star 2.64 to 2.65 --
North Louisiana/Arkansas
Perryville -- -0.13 to -0.095
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.135 to -0.135
Trunkline Zone 1A -- -0.13 to -0.13
South Louisiana
ANR SE -- -0.115 to -0.095
Columbia Gulf Mainline -- -0.125 to -0.1125
Columbia Gulf onshore -- -0.095 to -0.085
Florida Gas Zone 2 -- -0.065 to 0.00
Henry Hub -- -0.0025 to 0.00
Southern Natural -- -0.085 to -0.0775
Tennessee Line 500 -- -0.105 to -0.085
Tennessee Line 800 -- -0.105 to -0.09
Texas Eastern E. LA -- -0.11 to -0.10
Texas Eastern W. LA -- -0.095 to -0.095
Texas Gas Zone SL -- -0.10 to -0.10
Transco Zone 3 3.11 to 3.11 -0.07 to -0.0575
Trunkline E. LA -- -0.07 to -0.07
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.05 to -0.005
Texas Eastern M-1, 30 -- -0.13 to -0.13
Transco Zone 4 -- -0.065 to -0.045
Transco Zone 5 -- -0.17 to 0.025
Transco Zone 5 North -- -0.17 to -0.14
Transco Zone 5 South -- 0.0175 to 0.025
Appalachia
Columbia Gas 2.87 to 2.93 -0.21 to -0.175
Dominion North -- -1.28 to -1.26
Dominion South 1.82 to 1.82 -1.31 to -1.175
Leidy Hub -- -1.3175 to -1.3175
Millennium East Pool 1.86 to 1.86 -1.325 to -1.26
Tenn Zone 4 200L -- -1.11 to -1.05
Tennessee Zn 4 313 Pool -- -1.13 to -1.085
Tennessee Zn 4 Marcellus -- -1.42 to -1.30
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.30 to -1.24
Texas Eastern M-3, Delivery 1.79 to 1.83 -1.185 to -1.10
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.34 to -1.27
Northeast
Algonquin Citygate -- -0.41 to -0.37
Algonquin Citygate (non-G) -- -0.41 to -0.39
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.26 to -0.19
Iroquois, Waddington -- -0.265 to -0.20
Niagara -- --
Tenn Zone 5 200L -- -1.06 to -0.95
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.46 to -0.36
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.755 to -0.625
Transco Zone 6 non-NY North -- -0.755 to -0.625
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.78 to -0.60
Rocky Mountains
Cheyenne Hub 2.60 to 2.65 --
CIG 2.57 to 2.58 --
CIG DJ Basin 2.57 to 2.58 --
El Paso Bondad 2.66 to 2.66 --
El Paso non-Bondad 2.65 to 2.69 --
Kern River 2.65 to 2.69 --
Kingsgate 2.43 to 2.43 --
Northwest S. of Green River 2.60 to 2.63 --
Northwest Sumas 2.18 to 2.41 --
Northwest Wyoming Pool 2.57 to 2.57 --
Opal 2.65 to 2.69 --
Questar 2.57 to 2.57 --
Stanfield 2.46 to 2.53 --
Transwestern San Juan 2.58 to 2.70 --
White River Hub 2.63 to 2.67 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.84 to 2.84 --
California
Malin 2.70 to 2.77 --
PG&E Citygate 3.22 to 3.27 --
SoCal Citygate 3.17 to 3.22 --
Southern Border, PG&E 2.84 to 2.84 -0.21 to -0.21
Southern Border, SoCal 2.81 to 2.91 -0.19 to -0.19
SoCal Border Avg. 2.81 to 2.91 -0.19 to -0.19
Canada
Empress 2.40 to 2.64 --
NOVA/AECO C 2.14 to 2.37 --
Westcoast Station 2 1.84 to 1.95 --