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As Second-Wave U.S. LNG Projects Near FID, Customer Contracts More Difficult to Secure
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Additional infrastructure is critical to balancing the U.S. natural gas market as the country is already awash in supplies, with more... Read More
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NGI's Daily Gas Price Index

May 24, 2019

Record Lows for Midcon Cash as Natural Gas Futures Steady

The natural gas futures market turned in a quiet day of trading Friday as the latest readings on fundamentals didn’t offer much to excite traders and peel them away from their holiday plans. In the spot market, pipeline maintenance drove record lows in the Midcontinent and sent stopped-up West Texas deep into the red; the NGI Spot Gas National Avg. dropped 27.0 cents to $1.805/MMBtu.
Consensus-2019-Capex-Estimates-for-Publiscly-Traded-Appalachia-Focused-E-and-Ps-20190524-v2

Appalachian E&Ps Poised to Spend Less on Stronger Natural Gas Headwinds

Appalachia’s natural gas-heavy exploration and production companies continue to face headwinds, with downward pressure on strip pricing expected to lead to even deeper spending cuts as they try to operate within cash flow and deliver on this year’s plans.

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U.S. Adds One Natural Gas Rig; Oil Patch Loses Five, Says BHGE

The U.S. oil patch continued to thin its ranks, losing five rigs during the week ended Friday (May 24), while one natural gas rig returned to work in the Lower 48, according to data from Baker Hughes, a GE Company.
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Mexico Natural Gas Prices Hit Record Low For Second-Straight Month – Bonus Coverage

Natural gas prices in Mexico hit record lows for a second consecutive month in April, according to the IPGN monthly natural gas price index published by the Comisión Reguladora de Energía.

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UPS Signs Largest Deal Ever for RNG Fuel

Global package carrier United Parcel Service Inc. has signed the largest contract ever for renewable natural gas, calling for up to 170 million gallon equivalents through 2026 with Clean Energy Fuels Corp.
Daily-Natural-Gas-Volumes-Delivered-to-US-LNG-Export-Facilities-20190524

As Second-Wave U.S. LNG Projects Near FID, Customer Contracts More Difficult to Secure

Additional infrastructure is critical to balancing the U.S. natural gas market as the country is already awash in supplies, with more...

Prices Falling for Some Con Ed Customers on Cheaper Power Supplies

Consolidated Edison Co. had good news for some of its customers on Thursday as it’s recently grappled with how to handle natural gas supply shortages in parts of New York, announcing that electricity bills would be lower this summer.

Weather Outlook Mostly Unchanged; Natural Gas Futures Down Early

With no major changes to the weather outlook overnight, and with the market continuing to mull the latest government storage data, natural gas futures were trading slightly lower early Friday. The June Nymex futures contract was down 1.0 cent to $2.568/MMBtu shortly after 8:30 a.m. ET.
EIAStorage052319

Natural Gas Futures See Modest Bounce as Latest Injection Lighter Than Estimates

A weekly inventory build on the low side of estimates and a warmer-leaning early June outlook supported a small bounce in natural gas futures prices Thursday...
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Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico months ahead of schedule, operator Shell Offshore Inc. said Thursday.

Alberta Aiming to Scrap Carbon Tax with New Legislation

Canada’s chief fossil fuel-producing province on Wednesday set a target of next Thursday (May 30) for scrapping its carbon tax at age 29 months.
Monthly-Florida-NatGas-Deliveries-to-Electric-Power-Consumers-20190523

Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Chesapeake Utilities Corp. affiliate Peninsula Pipeline Co. and SeaCoast Gas Transmission affiliate TECO Peoples Gas plan to jointly develop a pipeline to bring additional natural gas capacity to the Jacksonville area of northeastern Florida, the companies said Wednesday.
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Another Three-Digit EIA Injection; NatGas Balances in Need of ‘Material Improvement’

The Energy Information Administration (EIA) on Thursday reported a 100 Bcf weekly injection into U.S. natural gas stocks, a figure on the low side...

PHMSA Issues Landslide Warning to Natural Gas Pipeline Owners

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued an advisory bulletin to remind owners and operators of natural gas and hazardous liquid pipelines of the potential for damage caused by earth movement from landslides and subsidence in variable, steep and rugged terrain and for varied geological conditions.

June Natural Gas Sees Early Gains as Hefty EIA Build Inbound

With traders bracing for the latest government storage data, another injection expected to land in the triple digits, natural gas futures were inching higher early Thursday. Coming off a 13.0-cent nosedive over the two previous sessions, the June Nymex contract was up 2.8 cents to $2.571/MMBtu shortly after 8:30 a.m. ET.

3D"Sign

NGI's Bidweek Alert Day 1 - May 24th for June 2019
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 -- -0.1300 to -0.1250
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- -0.2100 to -0.2100
Houston Ship Channel -- --
Katy -- --
NGPL TexOk -- -0.2700 to -0.2600
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.300 to 0.950 --
El Paso - Keystone Pool -0.270 to -0.150 --
El Paso - Plains Pool 0.890 to 0.950 --
El Paso - Waha Pool -0.300 to -0.200 --
Transwestern -0.250 to -0.200 --
Transwestern - Central -0.250 to -0.250 --
Transwestern - W. TX -0.200 to -0.200 --
Waha -0.300 to -0.190 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.315 to 2.390 --
Chicago - Nicor Gas 2.315 to 2.340 --
Chicago - NIPSCO 2.390 to 2.390 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1925 to -0.1925
Dawn -- -0.2100 to -0.2000
Emerson -- -0.3850 to -0.3850
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.2500 to -0.2400
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX Zone 3 Delivered -- -0.3350 to -0.2900
REX into ANR - Shelby -- -0.3250 to -0.3200
REX into MGT - Edgar -- -0.3000 to -0.3000
REX into NGPL - Moultrie -- -0.2900 to -0.2900
REX into PEPL - Putnam -- -0.3350 to -0.3350
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- --
Enable East -- --
NGPL Midcontinent -- -0.9500 to -0.9500
Northern Border Ventura -- --
Northern Natural Demarc 2.215 to 2.220 --
Northern Natural Ventura 2.130 to 2.205 -0.4000 to -0.4000
OGT -- -1.0000 to -0.9600
Panhandle Eastern -- --
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.2100 to -0.2100
Trunkline Zone 1A -- -0.2725 to -0.2650
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.2350 to -0.2350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0650 to -0.0650
Tennessee Line 500 -- -0.0750 to -0.0750
Tennessee Line 800 -- --
Texas Eastern E. LA -- -0.1375 to -0.1375
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0250 to 0.0250
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0525 to -0.0525
Transco Zone 5 -- -0.0050 to 0.0050
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0050 to 0.0050
Appalachia
Columbia Gas -- -0.3050 to -0.3050
Dominion North -- --
Dominion South -- -0.4850 to -0.4600
Leidy Hub -- --
Millennium East Pool -- -0.5450 to -0.5450
Tenn Zone 4 200L -- -0.3200 to -0.3100
Tennessee Zn 4 313 Pool -- -0.3650 to -0.3650
Tennessee Zn 4 Marcellus -- -0.6200 to -0.6200
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4800 to -0.4800
Texas Eastern M-3, Delivery -- -0.4000 to -0.3900
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5000 to -0.4900
Northeast
Algonquin Citygate -- -0.3100 to -0.3000
Algonquin Citygate (non-G) -- -0.3100 to -0.3000
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.2750 to -0.2500
Iroquois, Waddington -- -0.2500 to -0.2500
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.3600 to -0.3600
Transco Zone 6 non-NY North -- -0.3600 to -0.3600
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3550 to -0.3500
Rocky Mountains
Cheyenne Hub 1.850 to 1.870 --
CIG 1.830 to 1.855 --
CIG DJ Basin 1.600 to 1.600 --
El Paso Bondad -- --
El Paso San Juan 1.550 to 1.550 --
Kern River 1.920 to 1.940 --
Kingsgate -- --
Northwest Rockies 1.850 to 1.850 --
Northwest S. of Green River 1.850 to 1.850 --
Northwest Sumas 1.750 to 1.800 --
Northwest Wyoming Pool -- --
Opal 1.935 to 1.935 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.900 to 1.900 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.450 to 2.450 --
California
Malin 1.950 to 2.050 --
PG&E Citygate 3.200 to 3.280 --
SoCal Citygate 3.160 to 3.300 --
Southern Border, PG&E 1.750 to 1.800 --
Southern Border, SoCal 1.650 to 2.450 --
SoCal Border Avg. 1.650 to 2.450 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.650 to 1.850 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.400 to 2.400 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 2.440 to 2.450 --
Canada
Alliance (APC) - ATP -- --
Empress 2.300 to 2.320 --
NOVA/AECO C 0.980 to 1.040 --
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.