Story of the Week

U.S. NGL Plant Output Set Record in 2017 and More Growth to Come, EIA Says
NGI Weekly Intel
U.S. natural gas liquids production from plants set a record in 2017, averaging 3.7 million b/d and has nearly doubled since 2010... Read More
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NGI Weekly Newsletter

June 18, 2018

Wild Week Ends with Natural Gas Forward Strip Nearly Unchanged

In a week that saw July natural gas prices surge past $3 only to plunge 12 cents during the next two days, the Nymex prompt-month contract ultimately wound up shedding a single penny between June 14 and 19 to end at $2.964, according to NGI’s Forward Look.

With Cove Point Shale Gas Exports Underway, ICE’s Updated Product Reflects Shifting Market

With exports underway at Dominion Energy Inc.’s Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, the Intercontinental Exchange (ICE) has launched a physical trading product to reflect the changing market dynamics at the facility.

White House, Lawmakers Eye Faster NEPA Review for Infrastructure

The Trump administration has moved quickly to advance plans for faster federal permitting of major infrastructure projects, including oil and natural gas pipelines, under the purview of the National Environmental Policy Act, with public comments now due in less than a month.

Look Beyond Breakevens to Understand Northeast E&Ps, Midstream, Says East Daley Exec

Against a backdrop of surging natural gas production and pipeline capacity expansions competing to tap demand growth in the Southeast and Gulf Coast, understanding the energy space requires a holistic approach informed by both equity and commodity markets, according to East Daley Capital Advisors President Jim Simpson.
mexico-generation

Mexico to See Natural Gas-Fired Plant Construction Frenzy Over Next Four Years

Mexican combined-cycle gas turbine projects in the queue will add 2.3 GW of generation capacity this year and 3.6 GW in 2019, according to projections by the Energy Ministry.

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Shell Viewing Pennsylvania Shales as ‘Growth Option’

In a rare overview of its Marcellus and Utica shale operations, a Royal Dutch Shell...
ngtl20180621

NGTL Proposes Expansion on Forecast Natural Gas Growth to 13.4 Bcf/d in 2021

Growth expectations supported by shipping contracts propel a C$2.3 billion ($1.8 billion) expansion presented Wednesday by TransCanada Corp.’s supply collection grid in Alberta and British Columbia, Nova Gas Transmission Ltd.

‘Shale Gale’ Still Churning Across U.S. Onshore, Upending More Natural Gas, Oil Supply

A decade into the U.S. unconventional drilling revolution, the overall size of recoverable natural gas reserves continues to increase and the pace of growth is accelerating, according to IHS Markit.
IPGN-v2

Mexico Natural Gas Prices Continue to Rise in May, but Currency Effects Limit Gains in Dollars

Natural gas prices in Mexico continued to rise in May, building on gains from the previous month, according to energy regulators.

Shell's Ethane Pipeline for Pennsylvania Cracker Slated for 2020 Commissioning

Shell Pipeline Company LP now expects to begin construction on its Falcon Ethane Pipeline System in 2019 and be finished with it by the end of the year, a company executive overseeing the project told an industry conference in Pittsburgh on Tuesday.

Icahn Takes Control of SandRidge Board

Billionaire hedge fund activist Carl Icahn on Tuesday won control of SandRidge Energy Inc.’s board, winning four seats and awarded a fifth by the company at the annual meeting.
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TransCanada Lines Up Construction Contracts for Coastal GasLink Pipe, Awaits LNG Canada FID

After a five-year wait, TransCanada Corp. primed itself Tuesday for a quick start on building a supply pipeline for natural gas exports from the northern Pacific coast of British Columbia (BC).
Denbury

Denbury Launches $400M EOR Project in Cedar Creek Anticline

Denbury Resources Inc. is moving forward with a $400 million enhanced oil recovery project in the Cedar Creek Anticline covering parts...
eiaethane0618

U.S. NGL Plant Output Set Record in 2017 and More Growth to Come, EIA Says

U.S. natural gas liquids production from plants set a record in 2017, averaging 3.7 million b/d and has nearly doubled since 2010...
crescent0618

Crescent Point to Sell Williston Basin Assets for C$280M

Crescent Point Energy Corp. plans to sell some of its noncore assets in the Williston Basin...
Columbia-Gas-Transmission-Leach-Xpress-Pipeline-20180607-v3

Leach XPress Service Tentatively to Restart Next Month

Columbia Gas Transmission LLC said based on its current repair schedule for Leach XPress, which was damaged in an explosion earlier this month, it now expects to return the pipeline to service sometime in early July.

California to Expand Aliso Storage Gas Withdrawal, Dig into Pipe Outages

Regulators in California on Monday moved to avoid natural gas supply problems this summer in two separate actions that include expanding volumes available for withdrawal at the heavily scrutinized Aliso Canyon underground storage facility.

Argentina Offered U.S. Technical Help for Vaca Muerta at G20 Summit

One week after President Trump left a discordant G7 summit in Canada, Department of Energy (DOE) Secretary Rick Perry appears to have struck a more diplomatic chord with his counterparts at a G20 summit in Argentina, reportedly offering the host country technical assistance as it looks to develop the Vaca Muerta Shale in the Neuquén Basin.

Shell's Pennsylvania Cracker Said on Track, Major Equipment Arriving

Shell Chemical Appalachia LLC continues to plow ahead on its multi-billion dollar ethane cracker in western Pennsylvania, with nearly all of the foundations completed for the 200 structures that will form the self-contained site and major equipment arriving regularly, an executive overseeing the project said Monday.

Permian Needs $30B from ExxonMobil, Chevron and Shell to Hit 2020 Targets, Says IHS Markit

The Permian Basin’s active supermajors ExxonMobil Corp., Chevron Corp. and Royal Dutch Shell plc will need to invest nearly $30 billion over the next two years to hit their growth targets, according to IHS Markit.

Calgary’s Baytex, Raging River Merger to Create Substantial Unconventional Player

Calgary-based competitors Baytex Energy Corp. and Raging River Exploration Inc. agreed Monday to merge in a transaction estimated to be worth close to C$5 billion (US$3.78 billion) to create an onshore producer with holdings in Western Canada and South Texas.

$44B Needed Annually Through 2035 for U.S., Canada NatGas, Oil, NGL Pipes, INGAA Says

Natural gas, oil and natural gas liquids midstream infrastructure development in the United States and Canada will continue at a significant pace through 2035, with an average $44 billion investment needed each year, according to a report released Monday by the Interstate Natural Gas Association of America's INGAA Foundation.

Robust Bakken Production Straining Infrastructure, Gas Capture

North Dakota's latest production statistics show a new record for average daily natural gas production and a near record-breaking daily average for oil, but an unexpected surge in April -- the most recent month for which there are complete statistics -- left state oil and gas officials scratching their heads.

China's $83.7B Plans for West Virginia Shale, PetChem Projects in Jeopardy As Trade War Escalates

As fears over a trade war with the United States loom, executives from China Energy Investment Corp. canceled an appearance they were scheduled to make at an industry conference in Pittsburgh this week, where a key announcement was expected about its multi-billion dollar plans for shale gas-related projects in West Virginia.

Cox Oil Snaps Up Energy XXI for $322M

Energy XXI Gulf Coast Inc., whose predecessor company spent billions to establish a foothold in the U.S. offshore only to collapse into scandal and bankruptcy, on Monday agreed to be acquired by Cox Oil Offshore LLC for $322 million.

TransCanada Says Shippers Trigger 280MMcf/d Mainline Expansion

Capacity for sending natural gas from Alberta and British Columbia east across the continent will jump by 280 MMcf/d by November 2021, TransCanada Corp. announced Monday.
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FERC OKs Construction on Phase II of Tetco Expansion Tied to Nexus

FERC has cleared Texas Eastern Transmission LP to start construction on the second and final phase of its Texas Eastern Appalachian Lease project, a Northeast expansion designed to connect with the Nexus Gas Transmission pipeline.
Annual-US-Gross-Exports-to-Mexico-as-a-Percentage-of-US-Dry-Gas-Production-20180614 (1)

Long Term Reform of Mexico Energy Sector ‘Extraordinary,’ Despite Election Uncertainty

Mexico’s historic energy reform launched four years ago may hit a few bumps if, as expected, left-wing presidential candidate...

FERC Upholds MVP Certificate in Split Decision as Commissioners Disagree on Pipeline Reviews

FERC in an order Friday upheld its decision approving the Mountain Valley Pipeline, striking down rehearing requests from numerous environmental groups opposed to the 303-mile, 2 million Dth/d greenfield Appalachia-to-Southeast natural gas project.
Maximum-Line-Imports-into-the-US-by-Exporting-Country-and-Diameter-Size-20180615-v2

Trump’s 25% Tariff on Chinese Imports Includes Offshore Drilling Parts

In another sign of a developing international trade war, the Trump administration has enacted a 25% tariff on a host of products imported...
Phillips-66-Sweeney-Hub-Current-Infrastructure-20180615

Phillips 66 Planning $1.5B Expansion of Sweeny Hub to Serve West Texas

Phillips 66 plans to spend up to $1.5 billion on infrastructure upgrades near its Houston Ship Channel facilities to serve the Permian Basin, hundreds of miles away, including natural gas liquids fractionators, additional storage capacity and associated pipelines.
Monthly-Eagle-Ford-and-Niobrara-DJ-Wells-Drilled-20180615

Colorado, New Mexico Drilling Permits Buoy Onshore and Eagle Ford Accelerating, Says Evercore

U.S. land permitting fell 6% month/month in May to 4,302, but permitting still increased by nearly one-third...

Anadarko-Led Mozambique LNG Project Secures Two More Contracts

A proposed natural gas export project in Mozambique led by Anadarko Petroleum Corp. gained more legitimacy on Friday after securing two more agreements for long-term supply, indicating optimism may be returning to the export market, one analyst said.

July Natural Gas Forwards Tick Higher on Week as Near-Term Heat Intensifies

July natural gas forward prices rose an average 2 cents from June 7-13 as weather models trended hotter for the near term, according to NGI’s Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - May 31st for June 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 -- -0.1375 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- -0.08 to -0.08
East Texas
Carthage -- -0.17 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk 2.67 to 2.68 -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.99 -1.08 to -1.06
Transwestern 2.00 to 2.01 --
Waha 1.96 to 1.98 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.58 to 2.74 --
Chicago - Nicor Gas 2.58 to 2.63 --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn 2.65 to 2.75 -0.215 to -0.18
Emerson -- -0.425 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated 2.70 to 2.70 -0.24 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.345 to -0.31
REX into MGT - Edgar -- -0.28 to -0.28
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW 2.23 to 2.23 -0.65 to -0.65
Enable East 2.64 to 2.65 -0.30 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.43 to 2.58 --
Northern Natural Ventura 2.45 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.21 to 2.32 -0.67 to -0.645
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.18 to -0.17
Columbia Gulf Mainline -- -0.175 to -0.145
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.06 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.05 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.04
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- 0.06 to 0.06
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.28 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.68 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.50 to -1.30
Tenn Zone 4 200L -- -0.4875 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.50 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.51 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.285 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.25 to -0.18
Transco Zone 6 non-NY North -- -0.25 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River 2.10 to 2.10 --
Kingsgate -- --
Northwest S. of Green River 2.03 to 2.06 --
Northwest Sumas 1.41 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.05 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.11 to 2.15 --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.04 to 3.12 --
SoCal Citygate 3.41 to 3.75 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.47 --
SoCal Border Avg. 2.27 to 2.47 --
Canada
Empress 2.57 to 2.57 --
NOVA/AECO C 0.78 to 0.94 --
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.