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One Natural Gas Rig Added in U.S. as Oil Rebounds Sharply
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One Natural Gas Rig Added in U.S. as Oil Rebounds Sharply

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NGI's Daily Gas Price Index

January 21, 2020

Natural Gas Futures Crash Through $2/MMBtu as ‘Just No Cold Air’ in Pattern

After further milder trends in the forecasts, and with January shaping up to be historically warm, natural gas futures crashed through the $2/MMBtu barrier over the long holiday weekend. At around 8:30 a.m. ET Tuesday, the February Nymex contract was trading at $1.944, off 5.9 cents from Friday’s settle.

Natural Gas Futures ‘Crushed’ by Mild Weather; Prompt Month Holds Just Above $2/MMBtu

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents.

California to Overhaul Natural Gas Rules Amid Energy Transition, Operational Challenges

The California Public Utilities Commission issued an order Thursday to overhaul rules governing the operation and planning of natural gas pipeline systems, citing the state’s impending transition away from the fossil fuel, as well as operational issues, constraints, and safety-related incidents that have occurred in recent years.
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One Natural Gas Rig Added in U.S. as Oil Rebounds Sharply

The U.S. natural gas rig count increased by one to reach 120 during the week ended Friday (Jan. 17), while the oil patch rebounded in a big way...
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San Francisco Bans Natural Gas in New, Remodeled Municipal Buildings

Elected officials in San Francisco, home of bankruptcy-bound Pacific Gas and Electric Co., has passed an ordinance to ban the use of natural gas in new construction and renovations of municipal buildings.

4Q2019 Earnings: Revamping North American Onshore Helps Schlumberger to Persevere

Right-sizing the North America business helped Schlumberger Ltd. overcome an end-of-year slump in Lower 48 activity, while the international business continued to pick up steam.
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‘El Niño-like’ Weather Pattern Puts Natural Gas Forwards Back on Downward Track

After a one-week reprieve, natural gas forwards resumed their slide, with sharp double-digit decreases seen across much of the United States as warm weather appears to prevail for the rest of the month.

Natural Gas Futures Nearing $2 on ‘Quite Extreme’ Warm Shift in Forecasts

Natural gas futures were trading several cents lower early Friday on major warmer trends in the latest weather data. The February Nymex contract was down 4.4 cents to $2.033/MMBtu at around 8:40 a.m. ET.
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Weather Rules as Natural Gas Futures Slide Despite Bullish EIA Storage Miss

New data from European weather model Thursday weakened cold expectations for the final third of January, ushering sellers into a natural gas futures market...
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Trade Deal For Now Unlikely to Give U.S. LNG Exports a Boost

The agreement signed by President Trump this week to ease trade tensions with China provided little assurance that growing U.S. liquefied natural gas exports will have a stronger role to play in one of the world’s largest import markets.
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Oil, Gas Permitting Slumped Across Lower 48 in December

Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.
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Leviathan Natural Gas Now Flowing into Egypt, Israel and Jordan

Natural gas sales from the mammoth Leviathan field offshore Israel as of Wednesday were underway to Egypt, Israel and Jordan, Houston-based Noble Energy Inc. said.

New Panama Canal Fees Not Seen Dampening U.S. LNG Exports

New fees to be implemented in mid February by the Panama Canal Authority don’t bode well for the liquefied natural gas industry, but they may not lead to major repercussions for U.S. exports, an analyst said.
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Natural Gas Futures Mount Modest Rally on Big, Bullish Miss From EIA Storage Number

The Energy Information Administration on Thursday reported a surprisingly hefty 109 Bcf weekly withdrawal from U.S. natural gas stocks, injecting...

Natural Gas Futures Called Slightly Higher Ahead of EIA Report

With traders preparing to shift their focus to the latest Energy Information Administration (EIA) inventory data, and with the weather outlook largely unchanged overnight, natural gas futures were trading slightly higher early Thursday. The February Nymex contract was up 1.1 cents to $2.131/MMBtu at around 8:40 a.m. ET.

3D"Sign

NGI's Bidweek Alert Day 5 - December 31st for January 2020
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 -- -0.1575 to -0.1525
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.0850 to -0.0850
East Texas
Carthage -- --
Houston Ship Channel -- --
Katy -- --
NGPL TexOk -- -0.1900 to -0.1800
Tennessee Zone 0 North -- -0.1800 to -0.1700
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.850 to 1.570 --
El Paso - Keystone Pool 0.950 to 1.300 --
El Paso - Plains Pool 1.450 to 1.570 --
El Paso - Waha Pool 0.850 to 1.300 --
Transwestern 1.050 to 1.200 --
Transwestern - Central 1.050 to 1.200 --
Transwestern - W. TX 1.050 to 1.200 --
Waha 0.850 to 1.300 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.265 to 2.355 --
Chicago - Nicor Gas 2.270 to 2.350 --
Chicago - NIPSCO 2.265 to 2.355 --
Chicago - North Shore -- --
Chicago - Peoples 2.275 to 2.275 --
Consumers Energy -- -0.0400 to -0.0100
Dawn 2.070 to 2.270 0.0100 to 0.0400
Defiance -- --
Rover-ANR -- --
Rover-Panhandle -- --
Emerson -- 0.0250 to 0.0800
Joliet -- --
Lebanon -- -0.1000 to -0.1000
Michigan Consolidated 2.040 to 2.045 -0.1400 to -0.1250
NGPL Amarillo Mainline -- --
Parkway/Union 2.135 to 2.330 0.1500 to 0.1500
REX Zone 3 Delivered -- -0.1200 to -0.0525
REX into ANR - Shelby -- -0.1200 to -0.0525
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.0650 to -0.0650
REX into PEPL - Putnam -- -0.0900 to -0.0900
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.2700 to -0.2000
Enable East -- -0.2050 to -0.1700
NGPL Midcontinent 1.350 to 1.555 -0.9000 to -0.6000
Northern Border Ventura -- --
Northern Natural Demarc 2.300 to 2.380 --
Northern Natural Ventura 2.385 to 2.480 --
OGT 1.630 to 1.630 -0.6100 to -0.6000
Panhandle Eastern 1.590 to 1.725 -0.5400 to -0.3975
Southern Star -- -0.2000 to -0.2000
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.1475
Trunkline Zone 1A -- -0.1675 to -0.1425
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1800 to -0.1700
Columbia Gulf onshore -- -0.0900 to -0.0900
Florida Gas Zone 2 -- --
Henry Hub -- -0.0050 to 0.0000
Southern Natural -- -0.0600 to -0.0500
Tennessee Line 500 -- -0.0800 to -0.0650
Tennessee Line 800 -- -0.1250 to -0.1200
Texas Eastern E. LA -- -0.1200 to -0.0975
Texas Eastern W. LA -- -0.0800 to -0.0800
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0500 to -0.0400
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0050 to 0.0100
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0400 to -0.0150
Transco Zone 5 -- 0.9700 to 1.4000
Transco Zone 5 North -- 1.0000 to 1.1900
Transco Zone 5 South -- 0.9700 to 1.4000
Appalachia
Columbia Gas -- -0.3500 to -0.3225
Dominion North -- -0.4150 to -0.4100
Dominion South -- -0.4400 to -0.4125
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.1800 to -0.1600
Tennessee Zn 4 313 Pool -- -0.4000 to -0.3400
Tennessee Zn 4 Marcellus -- -0.4525 to -0.4200
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4450 to -0.3850
Texas Eastern M-3, Delivery -- 0.9700 to 1.6100
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4250 to -0.3975
Northeast
Algonquin Citygate -- 3.5000 to 4.8500
Algonquin Citygate (non-G) -- 3.5000 to 4.8500
Algonquin Receipts -- --
Iroquois Zone 2 -- 4.2000 to 4.9500
Iroquois, Waddington -- 1.1500 to 1.4200
Niagara -- 0.1000 to 0.1800
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 4.4500 to 5.2500
Tenn Zone 6 200L North -- 4.4500 to 5.2500
Tenn Zone 6 200L South -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.9200 to 1.3000
Transco Zone 6 non-NY North -- 0.9200 to 1.3000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 1.7500 to 2.2500
Rocky Mountains
Cheyenne Hub 1.820 to 1.880 --
CIG 1.830 to 1.870 --
CIG DJ Basin -- --
El Paso Bondad 2.290 to 2.410 --
El Paso San Juan 2.380 to 2.520 --
Kern River 3.100 to 3.230 --
Kingsgate -- --
Northwest Rockies 3.250 to 3.250 --
Northwest S. of Green River -- --
Northwest Sumas 3.550 to 3.850 --
Northwest Wyoming Pool 3.250 to 3.250 --
Opal 3.000 to 3.300 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.470 to 2.480 --
White River Hub 2.400 to 2.400 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.800 to 3.950 --
California
Malin 3.125 to 3.320 --
PG&E Citygate 3.450 to 3.610 --
SoCal Citygate 5.800 to 5.950 --
Southern Border, PG&E 2.600 to 2.640 --
Southern Border, SoCal 2.635 to 3.500 --
SoCal Border Avg. 2.635 to 3.500 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 3.500 to 3.500 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer -- --
SoCal Border - Needles 2.750 to 2.750 --
SoCal Border - Topock 2.635 to 2.635 --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.315 to 2.365 --
NOVA/AECO C 2.180 to 2.280 --
Westcoast Station 2 2.060 to 2.205 --
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.