Story of the Week

'Super Power' Webinar Speakers Decipher Impact of Appalachian Shale Gas on Power Markets
NGI Weekly Intel
Appalachian shale gas is reshaping North America's largest wholesale electricity market, PJM Interconnection... Read More
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NGI Weekly Newsletter

May 22, 2017

US-Exports-to-Mexico-by-Pipeline-20170518

Mexico, United States Increasingly Linked by Natural Gas Trade

During the fourth quarter, pipeline exports to Mexico and Canada were up about 22% each from the year-ago quarter...
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ACC, Lawmakers Say Appalachian NGL Storage Hub Key to Petchem Buildout

Momentum continues building for efforts to attract a substantial natural gas liquids (NGL) storage hub in the Appalachian Basin...
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Colorado Governor Urges No Appeal of Oil, Gas Ruling; AG Disagrees

Colorado Gov. John Hickenlooper has ordered the state not to fight a court ruling that would require public safety, health and the environment to be protected as a precondition before allowing new oil and natural gas drilling. However, Attorney General Cynthia Coffman said she would defy the governor, appealing the case to the Colorado Supreme Court.

Virginia, New York Advance Climate Actions Despite Trump Administration Rollbacks

The Trump administration may be rolling back Obama-era emissions limits, but at least two state governors aren't letting that stop them from taking action to address climate change.

Jefferies Raises 2017 Natural Gas Price, Cuts 2018 Forecast

Jefferies LLC has revised its U.S. natural gas price forecast slightly higher for 2017, but associated gas output, swelling from the active Permian Basin, should pressure 2018 prices, analysts said.

Noble Completes Appalachian Exit; Quantum Energy Partners Is Midstream/Upstream Buyer

Noble Energy Inc. on Thursday capped its exit from the Appalachian Basin, announcing a deal to sell its remaining midstream interests there to private equity firm Quantum Energy Partners for $765 million.

DTE Energy to Slash Carbon With More Natural Gas, Renewables

Michigan’s DTE Energy plans to add more natural gas-fueled power generation as part of a broader plan to cut the company’s carbon emissions by more than 80% by 2050.

NGI-Weekly-Powder-River-Basin-Rig-Count-20170518

Tallgrass to Acquire Natural Gas Gathering System in PRB

Tallgrass Energy Partners LP affiliate Tallgrass Midstream LLC agreed Wednesday to purchase the Douglas natural gas gathering system in Wyoming's Powder River Basin from DCP Midstream in a deal valued at $128 million.
Year-Over-Year-Percent-Increase-in-US-Total-Land-Rigs-and-Selected-US-Onshore-Oil-Resource-Plays-20170518-v2.png

U.S. Onshore Permitting Off to 'Roaring Start,' With More Activity in Fringe Plays, Says Evercore

Oil and natural gas permits to drill on U.S. land have risen "at least" 49% in every major oil producing state from a year ago, with activity also rising in the fringe areas of major shale plays, Evercore ISI said Tuesday.

Annual-BP-Worldwide-Natural-Gas-Production-20170517

BP Continuing Shift to NatGas While Eyeing Lower Carbon World, Dudley Says

BP plc shareholders at the annual meeting on Wednesday approved an $11.6 million pay package for CEO Bob Dudley, while management...

Former FERC Attorneys Urge Commission to Drop Notice of Alleged Violations Policy

Three attorneys who formerly worked for FERC and helped it conduct investigations into alleged wrongdoing say the Commission should cease issuing public notices of such probes, arguing that the policy has been ineffective and is often unfair to the individuals and companies being investigated.

Anadarko Disconnecting One-Inch NatGas Flowlines in Colorado, Inspecting Vertical, Horizontal Wells

Anadarko Petroleum Corp., the largest oil and natural gas producer in Colorado, is disconnecting all of the 1-inch natural gas flowlines that run underground from its vertical wells in northeastern Colorado in response to a fatal home explosion in Firestone last month.
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OPEC Pullback Seen Continuing as U.S. Shale Oil Rebounds Sharply, Says IEA

Rebalancing the global oil glut is going to take more than a temporary pullback by...

Resolute Closes Deal to Bolt On Permian Leasehold in West Texas

Denver-based Resolute Energy Corp. has closed a previously announced $160 million purchase of 4,600 net acres within the Permian Basin from CP Exploration (CPX).

Texas State Senator Charged With Bilking Investors in Frack Sand Company

Texas State Sen. Carlos Uresti (D-San Antonio) and two others have been indicted for an alleged Ponzi scheme to market sand for hydraulic fracturing (fracking).

Permian Growth Sparks More Open Seasons, Expansions in West Texas

Midstream companies are working hard to keep up with the red-hot Permian Basin. A pair of open seasons for crude oil pipelines servicing the Permian's Midland sub-basin were announced this week, which together could add a combined 410,000 b/d of capacity out of the play.
Annual-Transportation-Related-Greenhouse-Gas-Emissions-by-Source-20170517

NGVs Facing Increasing Competition from Alternative Fuels

Change is the operative gear for the alternative fuel transportation space this year, and the natural gas vehicle sector is finding it has increasing competition, particularly in the medium- and heavy-duty fleet vehicle space where “clean” diesel and propane are eyeing more advancements.

Rover Details Spill Response to FERC, Asks to Finish HDDs For Clarington, Sherwood Laterals

In a letter Tuesday responding to FERC’s May 10 order that suspended new horizontal directional drilling (HDD) for the Rover Pipeline, backer Energy Transfer Partners LP asked Commission staff to allow completion of two HDDs critical to laterals in Ohio and West Virginia.

White House Says Offshore Energy Order Poses Minimal Cost to Federal Government

The White House's Office of Management and Budget said an executive order signed by President Trump last month in support of offshore energy development, including oil and gas, will have a negligible cost impact to the federal government.
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After Disappointing Bids, SM Energy Postpones Sale of North Dakota Assets

SM Energy Co. said it has indefinitely postponed plans to sell its assets in Divide County, ND, after receiving bids that were lower than the company's expectations.

Sabine-Pass-LNG-Shipment-Totals-20170516

Sabine Pass LNG Exports Declined in March

Exports of U.S. liquefied natural gas from the Sabine Pass terminal in Louisiana declined from February to March...

Trump to Nominate Former Fund Manager Brian Quintenz to CFTC

President Trump intends to nominate Brian Quintenz, a former head of a Washington-based investment firm, to be a commissioner of the Commodity Futures Trading Commission (CFTC) for the remainder of a five-year term expiring April 13, 2020, the White House said Friday.
Estimated-BHP-Billiton-Operating-Income-GAAP-by-Segment-20170516

BHP’s U.S. Petroleum Business Should Still Go, Activist Says

BHP Billiton Ltd. concedes that its investment in U.S. shale plays was poorly timed but wants to make a go of it with cost-cutting and...

Enviro Groups Call on Senate to Delay FERC Nomination Hearings Until Russia Sorted

A coalition of environmental groups on Monday said the Senate shouldn't act on President Trump's nominations to FERC pending investigations into possible Russian ties to the 2016 Trump campaign and the regulatory panel "misusing its authority regarding the approval process for pipelines."

Abraxas Seeking Bolt-Ons, Says Production to Increase After Six Wells Completed

Abraxas Petroleum Corp. said it expects production to increase dramatically later this year once six wells are completed in the coming weeks. Meanwhile, the company is in negotiations for bolt-on acquisitions in the plays were it is active -- the Delaware sub-basin, Williston Basin and the Eagle Ford Shale.
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Production From Big Seven Plays to Move Higher Again in June, EIA Says

In a continuation of a trend that began in January, natural gas and oil production from the nation's seven most prolific...

AGA Says No Natural Gas Utilities Hit by WannaCry Cyberattack

The American Gas Association said no natural gas utilities have been compromised by WannaCry ransomware, a cyberattack that has affected computer systems and caused mayhem worldwide.

Sanchez Production Becoming Sanchez Midstream Partners

Houston-based Sanchez Production Partners LP (SPP) plans to change its name to Sanchez Midstream Partners LP as it completes its transformation to a midstream company.

Landowners Group Files Lawsuit to Stop Nexus Before It Starts

A group of more than 60 Ohio landowners is suing FERC and Nexus Gas Transmission LLC in an attempt to stop the company's proposed 255-mile, 1.5 Bcf/d natural gas pipeline.
North-Dakota-Oil-Production-Producing-Wells-and-DUCs-20170515

North Dakota Maintains 1 Million b/d Production in March

North Dakota's latest production statistics released Friday show the state is maintaining its 1 million b/d rate for oil production, but state officials are concerned about developments at OPEC and in Washington, DC, that could adversely impact production levels.

FERC Delays Atlantic Coast Environmental Review Three Weeks

FERC said Friday it will finish the final environmental impact statement (FEIS) for the proposed Atlantic Coast Pipeline (ACP) about three weeks later than originally expected, with the document now scheduled for release July 21.
US-Utility-Scale-Electric-Capacity-Additions-and-Retirements-20170227

'Super Power' Webinar Speakers Decipher Impact of Appalachian Shale Gas on Power Markets

Appalachian shale gas is reshaping North America's largest wholesale electricity market, PJM Interconnection...
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Oil Rigs Gain as Permian, Texas Lead Additions

Compared with one year ago, the U.S. land-based rig count is up 125% as drillers continue returning to their favorite shale patches. Over the same period, the U.S. offshore rig count has languished, up two units during the week ending Friday but still down by one rig from a year ago, according to Baker Hughes Inc.

Permian's Southern Delaware Energizes Centennial Resource, Jagged Peak

Denver-based independents Jagged Peak Energy Inc. and Centennial Resource Development Inc., each working the Permian Basin in West Texas, credited better completion techniques in helping them to increase oil and natural gas production from a year ago.

2016-US-LNG-Exports-by-Vessel-by-Country-20170512

Agreement Would Allow Long-Term LNG Contracts Between China, U.S. Suppliers

An agreement announced Thursday between the United States and China to advance economic cooperation could have implications for liquefied natural gas (LNG) trade between the two countries.

3D"Sign

NGI's Bidweek Alert Day 2 - May 25 for June 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 -0.08
Tennessee Zone 0 South -- -0.17 to -0.16
Texas Eastern S. TX -- -0.015 to -0.015
Transco Zone 1 -- -0.075 to -0.0725
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.31 to 3.34 --
Katy -- 0.095 to 0.095
NGPL TexOk -- -0.1525 to -0.1525
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.74 to 2.83 --
Transwestern 2.78 to 2.78 --
Waha 2.79 to 2.82 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.07 to 3.11 --
Chicago - Nicor Gas 3.07 to 3.11 --
Chicago - NIPSCO 3.07 to 3.10 --
Chicago - North Shore -- --
Chicago - Peoples 3.07 to 3.08 --
Consumers Energy -- -0.045 to -0.0225
Dawn -- -0.02 to 0.005
Emerson -- -0.385 to -0.25
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.08 to -0.055
NGPL Amarillo Mainline 2.94 to 2.94 --
Parkway/Union -- -0.01 to -0.005
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.18 to -0.18
REX into NGPL - Moultrie -- -0.15 to -0.15
REX into PEPL - Putnam -- -0.18 to -0.18
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.84 to 2.86 -0.35 to -0.35
Enable East -- --
Enable West -- --
NGPL Midcontinent 2.90 to 2.92 -0.285 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.93 to 3.00 --
Northern Natural Ventura 2.92 to 2.97 --
OGT -- -0.405 to -0.38
Panhandle Eastern 2.79 to 2.81 -0.40 to -0.37
Southern Star 2.82 to 2.82 -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- -0.10 to -0.10
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- --
Trunkline Zone 1A -- -0.1275 to -0.12
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1225 to -0.1225
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.09
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.06
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.03 to -0.025
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- -0.16 to -0.16
Transco Zone 5 North -- -0.16 to -0.16
Transco Zone 5 South -- --
Appalachia
Columbia Gas -- -0.1825 to -0.1725
Dominion North -- -0.565 to -0.56
Dominion South -- -0.5525 to -0.525
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.39 to -0.38
Tennessee Zn 4 313 Pool -- -0.46 to -0.43
Tennessee Zn 4 Marcellus -- -0.67 to -0.67
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.57 to -0.555
Texas Eastern M-3, Delivery -- -0.49 to -0.48
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.61 to -0.59
Northeast
Algonquin Citygate -- -0.17 to -0.105
Algonquin Citygate (non-G) -- -0.17 to -0.105
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.09 to -0.08
Iroquois, Waddington -- -0.10 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.33 to -0.315
Transco Zone 6 non-NY North -- -0.33 to -0.315
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.34 to -0.32
Rocky Mountains
Cheyenne Hub 2.77 to 2.83 --
CIG 2.80 to 2.85 --
CIG DJ Basin 2.75 to 2.77 --
El Paso Bondad -- --
El Paso non-Bondad 2.75 to 2.76 --
Kern River 2.86 to 2.86 --
Kingsgate 2.57 to 2.59 --
Northwest S. of Green River -- --
Northwest Sumas 2.68 to 2.70 --
Northwest Wyoming Pool -- --
Opal 2.82 to 2.86 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.81 to 2.82 --
White River Hub 2.80 to 2.80 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.88 to 2.92 --
PG&E Citygate 3.39 to 3.46 --
SoCal Citygate 3.26 to 3.32 --
Southern Border, PG&E 2.95 to 2.96 --
Southern Border, SoCal 2.92 to 3.04 --
SoCal Border Avg. 2.92 to 3.04 --
Canada
Empress 2.88 to 3.01 --
NOVA/AECO C 2.80 to 2.88 --
Westcoast Station 2 -- --