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Forward Look

January 20, 2017

Average-of-Daily-20-Day-Historical-Volatilities-for-the-Prompt-Month-NYMEX-NatGas-Futures-Contract-20170113-v2

Bullish Storage Report Sends NatGas Forwards Back Into Black

After swinging throughout the week, much like weather forecasts, natural gas forwards and futures markets turned decidedly bullish on Thursday after a much larger-than-expected storage report, lifting February forwards prices up an average 17 cents that day and up an average 10 cents between Jan. 6 and 12, according to NGI’s Forward Look.
February-Forward-Contract-Prices-at-Selected-Points-20170106

NatGas Forwards Plunge as End-of-Month Cold Unlikely

There was no spectacular fireworks show for natural gas forwards markets the first week of the new year as bleak prospects for cold weather later this month sent the February prompt month barreling down an average of 56 cents between Dec. 30 and Jan. 5, according to NGI Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - Dec 30 for January 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 3.62 to 3.63 --
Florida Gas Zone 1 -- -0.055 to 0.01
NGPL S. TX -- -0.11 to -0.09
Tennessee Zone 0 South -- -0.1225 to -0.115
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.08 to -0.0725
East Texas
Carthage -- -0.09 to -0.09
Houston Ship Channel 3.59 to 3.72 --
Katy 3.62 to 3.67 -0.1275 to -0.1125
NGPL TexOk 3.59 to 3.63 -0.1325 to -0.12
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.135 to -0.135
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 3.40 to 3.65 --
Transwestern 3.51 to 3.51 --
Waha 3.60 to 3.62 --
Midwest
Alliance -- --
ANR ML7 -- 0.58 to 0.58
Chicago Citygate 3.89 to 4.39 0.34 to 0.475
Chicago - Nicor Gas 3.89 to 4.30 0.34 to 0.37
Chicago - NIPSCO 3.98 to 4.39 0.475 to 0.475
Chicago - North Shore -- --
Chicago - Peoples 4.11 to 4.22 --
Consumers Energy -- 0.145 to 0.185
Dawn 4.49 to 4.63 0.68 to 0.83
Emerson -- 0.03 to 0.09
Joliet 4.11 to 4.11 --
Lebanon -- 0.045 to 0.045
Michigan Consolidated 3.85 to 3.95 0.085 to 0.15
Parkway/Union -- 0.8425 to 0.9025
Midcontinent
ANR SW 3.66 to 3.67 -0.09 to -0.075
Enable East 3.50 to 3.50 -0.125 to -0.10
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 3.60 to 3.79 --
Northern Border Ventura -- --
Northern Natural Demarc 3.82 to 4.13 0.30 to 0.30
Northern Natural Ventura 3.97 to 4.25 --
OGT 3.42 to 3.78 -0.17 to -0.17
Panhandle Eastern 3.49 to 3.82 -0.0875 to -0.05
Southern Star 3.62 to 3.80 -0.10 to -0.10
North Louisiana/Arkansas
Perryville 3.74 to 3.74 --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.075 to -0.055
Trunkline Zone 1A -- -0.07 to -0.04
South Louisiana
ANR SE -- -0.05 to -0.04
Columbia Gulf Mainline -- -0.12 to -0.0725
Columbia Gulf onshore -- -0.0825 to -0.065
Florida Gas Zone 2 -- -0.045 to 0.005
Henry Hub -- 0.005 to 0.015
Southern Natural -- -0.0575 to -0.035
Tennessee Line 500 -- -0.0625 to -0.03
Tennessee Line 800 -- -0.07 to -0.06
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.10 to -0.10
Texas Gas Zone SL 2.95 to 2.95 --
Transco Zone 3 3.87 to 3.87 -0.05 to -0.0225
Trunkline E. LA -- -0.06 to -0.03
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.045 to 0.015
Texas Eastern M-1, 30 -- -0.0775 to -0.0775
Transco Zone 4 3.71 to 3.71 -0.04 to -0.0175
Transco Zone 5 -- 1.825 to 1.96
Transco Zone 5 North -- --
Transco Zone 5 South -- 1.825 to 1.96
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.23 to -0.18
Dominion North 3.29 to 3.29 -0.68 to -0.53
Dominion South 3.14 to 3.29 -0.685 to -0.54
Leidy Hub -- --
Millennium East Pool -- -0.825 to -0.60
Tenn Zone 4 200L -- -0.45 to -0.27
Tennessee Zn 4 313 Pool -- -0.65 to -0.575
Tennessee Zn 4 Marcellus -- -0.85 to -0.65
Texas Eastern M-2, 30 Delivery -- -0.455 to -0.43
Texas Eastern M-2, 30 Receipt 3.24 to 3.46 -0.615 to -0.44
Texas Eastern M-3, Delivery -- 1.50 to 1.93
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 3.09 to 3.41 -0.82 to -0.57
Northeast
Algonquin Citygate -- 7.35 to 8.75
Algonquin Receipts -- 1.54 to 1.54
Dracut -- --
Iroquois Zone 2 -- 5.00 to 5.85
Iroquois, Waddington 8.52 to 8.52 4.00 to 4.65
Niagara -- --
Tenn Zone 5 200L -- 0.30 to 0.30
Tenn Zone 5 300L -- --
Tenn Zone 6 200L 12.56 to 12.56 8.50 to 8.80
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY 5.92 to 5.93 1.79 to 2.45
Transco Zone 6 non-NY North 5.92 to 5.93 1.79 to 2.45
Transco Zone 6 non-NY South -- 1.80 to 1.80
Transco Zone 6 NY 8.50 to 9.52 4.75 to 5.65
Rocky Mountains
Cheyenne Hub 3.70 to 3.85 --
CIG 3.45 to 3.85 --
CIG DJ Basin 3.51 to 3.51 --
El Paso Bondad 3.85 to 3.85 --
El Paso non-Bondad 3.46 to 3.71 --
Kern River 3.54 to 3.97 --
Kingsgate -- --
Northwest S. of Green River 3.50 to 3.66 --
Northwest Sumas 4.13 to 5.40 --
Northwest Wyoming Pool 3.88 to 3.89 --
Opal 3.52 to 3.97 --
Questar 3.50 to 3.50 --
Stanfield 3.60 to 3.85 --
Transwestern San Juan 3.49 to 3.82 --
White River Hub 3.67 to 3.77 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 3.54 to 3.95 --
PG&E Citygate 3.92 to 4.08 --
SoCal Citygate 3.85 to 4.25 --
Southern Border, PG&E -- --
Southern Border, SoCal 3.62 to 4.03 --
SoCal Border Avg. 3.62 to 4.03 --
Canada
Empress 3.55 to 3.86 --
NOVA/AECO C 3.25 to 3.65 --
Westcoast Station 2 2.94 to 3.40 --