Story of the Week

For First Time Since 1958, U.S. Became Net Natural Gas Exporter Last Year, FERC Says
NGI Weekly Intel
The United States became a net exporter of natural gas in 2017 for the first time since 1958, as increasing shipments of liquefied natural gas to world markets and pipeline deliveries to Mexico exceeded imports, according to FERC. Read More
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NGI Weekly Newsletter

April 16, 2018

Linn Now Eyeing Split into Two Onshore Companies; Management Team Stepping Aside

Linn Energy Inc. revised its initial plan to separate into three standalone companies and now expects to break into two entities in 3Q2018: a pure play exploration and production (E&P) company focused on the Midcontinent, and an upstream and midstream outfit with assets in several unconventional regions. The entire management team, including CEO Mark Ellis, also is planning to retire.
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Natural Gas Prices Drop in All Six of Mexico’s Trading Regions

March natural gas prices fell month/month across all six of Mexico’s trading regions, the Comision Reguladora de Energia (CRE) reported on Wednesday.
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For First Time Since 1958, U.S. Became Net Natural Gas Exporter Last Year, FERC Says

The United States became a net exporter of natural gas in 2017 for the first time since 1958, as increasing shipments of liquefied natural gas to world markets and pipeline deliveries to Mexico exceeded imports, according to FERC.

Five Energy Bills Clear First Hurdle, Advance to House Energy & Commerce Committee

A House subcommittee on Wednesday gave its stamp of approval to five energy bills, including one designed to expedite U.S. exports of liquefied natural gas.

Kinder Morgan Putting Bulk of Investments in Natural Gas; Second Permian Line in ‘Very Early’ Discussions

The natural gas segment makes up the “vast majority” -- about 90% -- of $900 million worth of projects added into Kinder Morgan Inc.’s backlog during the first quarter as the Texas-based company reported back-to-back quarters of transport volume growth and is eyeing opportunities for new investment, CEO Steven Kean said Wednesday.
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Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

The Utica Shale and South Central Oklahoma Oil Province (SCOOP) helped Gulfport Energy Corp. increase year/year production by 52% in the first quarter.

KML ‘Looking For a Way Forward’ on Trans Mountain Expansion

Kinder Morgan Canada Ltd. (KML) remains invested in British Columbia (BC) and Alberta, but the path forward for the company’s Trans Mountain Expansion Project is still unclear, CEO Steven Kean said Wednesday.

FERC Initiates Inquiry into Pipeline Certification Process

FERC on Thursday issued a notice of inquiry (NOI) that could lead to a revision of its policies regarding the review and authorization of interstate natural gas transportation facilities under section 7 of the Natural Gas Act.
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Sparse Sand, Pressure Pumping to See Relief as Capacity Additions Readied

Pressure pumping horsepower and sand supply used in unconventional drilling are tight in some regions...

As FERC Review of NatGas Pipeline Policy Nears, House Lawmakers Divided Over Priorities

Two days before FERC holds an open meeting to discuss reviewing its policy for evaluating the need for natural gas pipelines, House lawmakers gave very disparate views on how the Federal Energy Regulatory Commission should proceed -- with some calling for faster permitting and others a more transparent process to appease landowners.
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Ring Energy’s Permian Output Climbs 91%, Natural Gas Sales Rising

Ring Energy Inc., whose exploration focus is trained on the Permian Basin’s Central Basin Platform and beyond in West Texas...

Mariner East Project to Face More Scrutiny at Public Hearing Later This Month

The Pennsylvania Department of Environmental Protection (DEP) has scheduled a public hearing to take comments on two applications filed in October by Sunoco Pipeline LP to modify its construction methods at two locations in Chester County for the Mariner East (ME) 2 pipeline project.

Breitburn Emerges from Chapter 11 as Maverick

U.S. onshore-focused Maverick Natural Resources LLC said it has begun operating after emerging from Chapter 11 as a successor to Breitburn Energy Partners LP.

Interior to Maintain Deepwater Oil, Gas Royalties Rate at 18.75%

Interior Secretary Ryan Zinke has put the kibosh -- at least for now -- on plans to reduce deepwater royalty rates by almost 33%.
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China’s Unconventional Natural Gas Output to Double by 2020, Says Wood Mackenzie

China’s unconventional natural gas production has undergone significant progress in the past 10 years, increasing to nearly 600 wells and 9 bcm (317.8 Bcf) of production in 2017, and output is likely to double to 17 bcm (600 Bcf) in 2020, according to Wood Mackenzie.

NOV Warning 1Q Revenue Below Forecast on Delays in Customer Deliveries, Construction Issues

Houston-based National Oilwell Varco Inc. (NOV) is warning that first quarter revenue will be below expectations at $1.8 billion because of issues related to “reduced progress” on new offshore rig construction and customer-delayed deliveries of drilling, well servicing and stimulation equipment.
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Archaeologists Join Team in Mexico's Push for Massive Gas Imports

Twenty archaeologists are urgently needed to speed the progress of the $554 million natural gas pipeline being built across what is known as the Huasteca region in Central Mexico.

Rex Energy to Cut Spending in Appalachia

Rex Energy Corp. plans to cut its capital expenditures significantly this year as it continues to explore options for repairing its balance sheet.
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U.S. LNG Exports Could Produce $3.3T in Economic Benefits by 2050, Study Finds

The cumulative economic benefits through 2050 from U.S. liquefied natural gas exports could be as much as $3.26 trillion...

Permian Delaware Midstream Partnership Formed by Ares, ARM Energy

Ares Management LP and ARM Energy Holdings LLC on Monday announced a partnership to develop multiple cryogenic processing facilities, natural gas and crude gathering lines and compression/treating facilities in the Permian Basin’s Delaware formation.
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CRE Finalizing Phase Two of Mexico’s Natural Gas Release Program

Energy regulators expect by next month to finish preparations for the second phase of Mexico’s natural gas release program, which requires the state-run former monopoly Petroleos Mexicanos (Pemex) to relinquish a majority of its marketing contracts by the end of 2019.

Alberta to Do ‘Whatever It Takes’ to Ensure Trans Mountain Project, Says Premier

The Alberta government moved Monday to put teeth into the campaign to restart the stalled Kinder Morgan Canada Ltd. (KML) Trans Mountain Pipeline expansion.

Pruitt's Soundproof Phone Booth Violated Federal Law, Says GAO

The Environmental Protection Agency violated federal law when it bought and installed a "soundproof privacy booth" in the Washington, DC, office of Administrator Scott Pruitt, according to the Government Accountability Office.

EIA Expects Production Increases in Big Seven Plays to Continue in May

May promises to be yet another boom month in the nation's seven most prolific onshore unconventional plays, with both natural gas and oil production expected to increase compared with April totals, according to the Energy Information Administration.

EQT Suing West Virginia Over Flat-Rate Leases, Royalties

EQT Corp. has filed a lawsuit in federal court arguing that West Virginia’s flat-rate lease statute is unconstitutional. Legislators last month passed a bill prohibiting post-production expenses from being deducted from flat-rate royalties.
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Sempra Eyeing Smaller Costa Azul LNG Export Project

Sempra Energy Mexico subsidiary, Infraestructura Energetica Nova (IEnova), is in the process of scaling back plans for a liquefied natural gas (LNG) export facility at the Energia Costa Azul import terminal.
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Rover Tells FERC Phase 2 Compression, Mainline and Market Segments Ready for Service

Rover Pipeline LLC told FERC Friday that it is ready to start up a host...
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ConocoPhillips Calls Alaska Winter Exploration Program ‘Promising’

Houston-based ConocoPhillips said Monday it drilled more wells than planned during its winter exploration and appraisal program...

FERC OKs More ACP Construction; Project Opting for 'Incremental Approach’

FERC has granted Atlantic Coast Pipeline another notice to proceed with construction activities, authorizing work to begin on contractor yards in West Virginia and North Carolina.
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U.S. Natural Gas Rigs Down Two as Oil Drilling Sends BHI Count Higher

Oil-focused activity continued to drive growth in the domestic rig count during the week ended Friday, while natural gas drilling declined after finishing flat the week before, according to data from Baker Hughes Inc.

Perry Heading to India in Wake of Growing Energy Ties

Department of Energy Secretary Rick Perry is traveling to India to meet with government officials and stakeholders in the private sector to discuss growing U.S.-India energy ties.

Unconventional Natural Gas, Oil Output Seen Decelerating Post-2020, Says Goldman

North America’s unconventional oil and natural gas revolution has led to a retooling of the world’s major projects and reduced the number of companies that are able to compete, according to an analysis by Goldman Sachs.

It’s Good Business to Cut Natural Gas -- and Oil -- Methane Emissions, Says Analysis

The energy industry stands to benefit by implementing methane reduction strategies, both from a business and an environmental standpoint, according to a peer-reviewed analysis overseen by the Environmental Defense Fund.
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Tallgrass Plans for REX, Cheyenne Hub Upgrade Draw Competitive Fire

Tallgrass Energy Partners LP's plans to beef up the Cheyenne Hub and build a 70-mile connecting pipeline to accommodate...
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U.S. Land Permits Still Climbing Year-to-Date, as Texas, New Mexico, Wyoming Lead Gains

Requests for oil and natural gas drilling permits continued to strengthen in March, when U.S. land permits totaled 5,586, up 34%...

3D"Sign

NGI's Bidweek Alert Day 5 - March 29th for April 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 -- -0.13 to -0.12
Texas Eastern S. TX -- -0.04 to -0.0375
Transco Zone 1 -- -0.06 to -0.045
East Texas
Carthage -- -0.14 to -0.12
Houston Ship Channel -- 0.07 to 0.08
Katy -- --
NGPL TexOk -- -0.1625 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.15 to 1.48 --
Transwestern 1.28 to 1.29 --
Waha 1.25 to 1.60 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.42 to 2.52 --
Chicago - Nicor Gas 2.43 to 2.51 --
Chicago - NIPSCO 2.43 to 2.52 --
Chicago - North Shore -- --
Chicago - Peoples 2.42 to 2.42 --
Consumers Energy -- -0.135 to -0.0925
Dawn 2.58 to 2.67 -0.11 to -0.085
Emerson -- -0.30 to -0.29
Joliet -- --
Lebanon -- -0.26 to -0.24
Michigan Consolidated 2.51 to 2.52 -0.16 to -0.14
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.26 to -0.225
REX into MGT - Edgar -- -0.25 to -0.23
REX into NGPL - Moultrie -- -0.25 to -0.225
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- -0.25 to -0.25
Midcontinent
ANR SW 1.93 to 1.95 --
Enable East -- -0.35 to -0.34
Enable West -- --
NGPL Midcontinent 2.05 to 2.12 -0.56 to -0.545
Northern Border Ventura -- --
Northern Natural Demarc 2.29 to 2.33 --
Northern Natural Ventura 2.28 to 2.39 --
OGT 1.05 to 1.05 --
Panhandle Eastern 1.91 to 1.95 -0.72 to -0.6975
Southern Star -- -0.755 to -0.755
North Louisiana/Arkansas
Perryville -- -0.11 to -0.11
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1575 to -0.13
Trunkline Zone 1A -- -0.1725 to -0.165
South Louisiana
ANR SE -- -0.13 to -0.12
Columbia Gulf Mainline -- -0.1525 to -0.13
Columbia Gulf onshore -- -0.1275 to -0.12
Florida Gas Zone 2 -- --
Henry Hub -- 0.00 to 0.00
Southern Natural -- -0.07 to -0.065
Tennessee Line 500 -- -0.0775 to -0.055
Tennessee Line 800 -- -0.085 to -0.085
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.045 to -0.035
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.01 to 0.045
Texas Eastern M-1, 30 -- -0.11 to -0.11
Transco Zone 4 -- -0.045 to -0.025
Transco Zone 5 -- 0.045 to 0.07
Transco Zone 5 North -- 0.045 to 0.045
Transco Zone 5 South -- 0.0625 to 0.07
Appalachia
Columbia Gas -- -0.21 to -0.17
Dominion North -- -0.50 to -0.425
Dominion South -- -0.50 to -0.42
Leidy Hub -- --
Millennium East Pool -- -0.59 to -0.50
Tenn Zone 4 200L -- -0.34 to -0.21
Tennessee Zn 4 313 Pool -- -0.35 to -0.35
Tennessee Zn 4 Marcellus -- -0.67 to -0.54
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt 2.20 to 2.20 -0.525 to -0.44
Texas Eastern M-3, Delivery -- -0.40 to -0.28
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.595 to -0.43
Northeast
Algonquin Citygate -- 1.15 to 1.70
Algonquin Citygate (non-G) -- 1.15 to 1.70
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.07 to 0.25
Iroquois, Waddington -- 0.0325 to 0.05
Niagara -- -0.10 to -0.10
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 1.50 to 1.55
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.14 to 0.005
Transco Zone 6 non-NY North -- -0.14 to 0.005
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.105 to 0.00
Rocky Mountains
Cheyenne Hub 1.85 to 1.95 --
CIG 1.73 to 1.74 --
CIG DJ Basin 1.75 to 1.76 --
El Paso Bondad -- --
El Paso non-Bondad 1.47 to 1.60 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 1.70 to 1.79 --
Northwest Wyoming Pool -- --
Opal 1.90 to 1.98 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.79 to 1.84 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.02 to 2.02 --
California
Malin 1.88 to 1.95 --
PG&E Citygate 2.52 to 2.63 --
SoCal Citygate 2.61 to 2.80 --
Southern Border, PG&E 1.75 to 1.99 --
Southern Border, SoCal 1.95 to 2.06 --
SoCal Border Avg. 1.95 to 2.06 --
Canada
Empress -- --
NOVA/AECO C 1.15 to 1.64 --
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.