Story of the Day

Schlumberger Expecting NAM Land Activity to Plunge 10%
Daily GPI
Schlumberger Ltd., the No. 1 oilfield services operator in the world, is forecasting a sharp pullback in U.S. and Canadian onshore activity... Read More
Monthly-us-and-canadian-total-rig-count-20190719

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NGI's Daily Gas Price Index

July 19, 2019

Bears Tighten Grip on Natural Gas Futures as Summer Heat Fails to Impress

Natural gas futures prices sold off again Friday to cap off a decidedly bearish week, with the latest forecasts not promising enough summer cooling demand to appease a well-supplied market. With the intense and widespread heat expected to subside after the weekend, spot prices sold off throughout the Lower 48; the NGI Spot Gas National Avg. tumbled 16.5 cents to $2.010/MMBtu.

Nuclear Subsidies Nearing Reality in Ohio After Senate Passes Legislation

The Ohio Senate has passed a bill to prop up two nuclear power plants in the state operated by bankrupt subsidiaries of FirstEnergy Corp. 
usbaker0719

U.S. Adds Two Natural Rigs, But Oil Count Slides

The U.S. natural gas rig count picked up two units to finish at 174 for the week ended July 19, though a slowdown in the oil patch drove the overall domestic count lower, according to data from Baker Hughes, a GE Company.
Daily-Lower-48-Average-Temperatures-20190718

Natural Gas Forwards Swing Sharply Lower as Forecasts Cool

U.S. natural gas forward prices continued on the wild ride they’ve been on the last few weeks, posting steep losses -- one week after putting up equally sharp gains -- as weather models that had called for scorching temperatures throughout most of July had begun to cool.
daily-deliveries-to-cove-point-20190718

Proposed New Jersey LNG Export Terminal Facing Early Opposition

Environmental groups have embarked on a complex effort at various state and federal agencies to stop an affiliate of New Fortress Energy LLC from developing a small-scale natural gas export terminal in New Jersey along the Delaware River.
Monthly-US-Gulf-of-Mexico-Field-Production-of-Crude-Oil-and-Natural-Gas-Marketed-Production-20190719

Interior’s GOM Auction in August to Offer 14,500-Plus Leases

The Interior Department will try once again in August to see if its strategy of offering every available unleased area in the Gulf of Mexico to oil and gas operators is viable.
Monthly-US-and-Canadian-Total-Rig-Count-20190719

Schlumberger Expecting NAM Land Activity to Plunge 10%

Schlumberger Ltd., the No. 1 oilfield services operator in the world, is forecasting a sharp pullback in U.S. and Canadian onshore activity...

Correction

Natural Gas Futures Steady; ‘Slight Bearish Lean’ From Latest Guidance

With the broader forecast themes carrying over in the latest guidance, and with the market continuing to digest this week’s government inventory data, natural gas futures were trading close to even early Friday. The August Nymex futures contract was trading 0.2 cents higher at $2.289/MMBtu at around 8:30 a.m. ET.
EIAStorage0712

Bears Keep Pressure on NatGas Futures Despite Below-Average Storage Build

A leaner-than-expected storage injection couldn’t relieve the bearish pressure on the natural gas futures market Thursday as prices eased lower in the wake...
NGI-Daily-GPI-Waha-NatGas-Price-Index-20190718-v2

Kinder Morgan Eyes Late September Start-Up for Permian Pipe; Elba LNG Expected Online Soon

Kinder Morgan Inc. executives have confirmed the rumors that have circulated in the oil and natural gas industry for months, indicating that a full ramp-up of its highly anticipated Gulf Coast Express natural gas pipeline is expected a week to 10 days earlier than its planned Oct. 1 start date.

Long-Idled SoCalGas Transmission Pipeline Poised to Restart

After almost two years out of service, Southern California Gas Co. plans to restart Line 235, a 30-inch diameter pipeline that carries natural gas from the Arizona border through the high desert and into the Los Angeles Basin.
Waha-and-Katy-Forward-Fixed-Price-Curves-20190718

Texas Landowners Pivot to ESA to Block 2 Bcf/d Permian Highway

The proposed 42-inch diameter Permian Highway Pipeline, designed to move 2 Bcf/d from the Permian Basin to the Gulf Coast, is facing another assault as plaintiffs prepare to sue the sponsors using the Endangered Species Act.

Renewables Set to Play Bigger Role in Georgia Power's Energy Mix

After two adjustments to Georgia Power’s 2019 Integrated Resource Plan, the Georgia Public Service Commission unanimously agreed to raise Georgia Power’s renewable energy procurement to 2,210 MW.
EIAStorage0718

Season’s First Below-Average Injection Not Scaring Natural Gas Futures Bears

The Energy Information Administration reported a slightly below-average 62 Bcf build into U.S. natural gas stocks Thursday...

3D"Sign

NGI's Bidweek Alert Day 5 - June 28th for July 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 -- --
Texas Eastern S. TX -- -0.0800 to -0.0800
Transco Zone 1 -- -0.0900 to -0.0900
East Texas
Carthage -- -0.2100 to -0.1850
Houston Ship Channel 2.320 to 2.345 0.0150 to 0.0250
Katy -- --
NGPL TexOk -- -0.2250 to -0.2200
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.050 to 1.300 --
El Paso - Keystone Pool 0.050 to 0.170 --
El Paso - Plains Pool 1.150 to 1.300 --
El Paso - Waha Pool 0.100 to 0.180 --
Transwestern 0.140 to 0.170 --
Transwestern - Central 0.150 to 0.170 --
Transwestern - W. TX 0.140 to 0.150 --
Waha 0.050 to 0.350 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.065 to 2.130 --
Chicago - Nicor Gas 2.065 to 2.105 --
Chicago - NIPSCO 2.100 to 2.130 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1650 to -0.1575
Dawn 2.115 to 2.160 -0.1900 to -0.1625
Emerson -- -0.3050 to -0.2650
Joliet -- --
Lebanon -- -0.2500 to -0.2500
Michigan Consolidated 2.110 to 2.110 -0.2025 to -0.1900
NGPL Amarillo Mainline 1.860 to 1.880 --
Parkway/Union 2.125 to 2.125 -0.1700 to -0.1625
REX Zone 3 Delivered -- -0.2700 to -0.2500
REX into ANR - Shelby -- -0.2700 to -0.2500
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.2550 to -0.2500
REX into Trunk - Douglas -- -0.2575 to -0.2550
Midcontinent
ANR SW 1.555 to 1.690 --
Enable East -- -0.2500 to -0.2150
NGPL Midcontinent 1.630 to 1.660 -0.6600 to -0.6000
Northern Border Ventura -- --
Northern Natural Demarc 1.920 to 1.965 --
Northern Natural Ventura 1.970 to 1.990 --
OGT 1.585 to 1.585 -0.8700 to -0.8500
Panhandle Eastern 1.450 to 1.560 -0.8850 to -0.7250
Southern Star -- -0.6200 to -0.6100
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.2350 to -0.2100
Trunkline Zone 1A -- -0.2500 to -0.2400
South Louisiana
ANR SE -- -0.1200 to -0.1200
Columbia Gulf Mainline -- -0.2350 to -0.2200
Columbia Gulf onshore -- -0.1300 to -0.1300
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0050
Southern Natural -- -0.0800 to -0.0775
Tennessee Line 500 -- -0.0950 to -0.0850
Tennessee Line 800 -- -0.1150 to -0.1125
Texas Eastern E. LA -- -0.1700 to -0.1650
Texas Eastern W. LA -- -0.0900 to -0.0800
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0525 to -0.0525
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0200 to 0.0375
Texas Eastern M-1, 30 -- -0.1700 to -0.1700
Transco Zone 4 -- -0.0425 to -0.0350
Transco Zone 5 -- 0.0500 to 0.0575
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0500 to 0.0575
Appalachia
Columbia Gas -- -0.3175 to -0.2850
Dominion North -- -0.3900 to -0.3750
Dominion South -- -0.3900 to -0.3600
Leidy Hub -- --
Millennium East Pool -- -0.4500 to -0.3700
Tenn Zone 4 200L -- -0.3000 to -0.2300
Tennessee Zn 4 313 Pool -- -0.3150 to -0.2900
Tennessee Zn 4 Marcellus -- -0.5100 to -0.4400
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4075 to -0.3750
Texas Eastern M-3, Delivery -- -0.2850 to -0.2400
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4050 to -0.3650
Northeast
Algonquin Citygate -- -0.1400 to -0.1150
Algonquin Citygate (non-G) -- -0.1400 to -0.1150
Algonquin Receipts -- -0.3500 to -0.3500
Iroquois Zone 2 -- -0.1450 to -0.1100
Iroquois, Waddington -- -0.1500 to -0.1350
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.1200 to -0.1200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.1200 to -0.1200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2450 to -0.2250
Transco Zone 6 non-NY North -- -0.2450 to -0.2250
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.2250 to -0.2100
Rocky Mountains
Cheyenne Hub 1.615 to 1.700 --
CIG 1.580 to 1.755 --
CIG DJ Basin 1.200 to 1.300 -1.1000 to -1.1000
El Paso Bondad -- --
El Paso San Juan 1.840 to 1.850 --
Kern River 1.910 to 1.960 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 2.000 to 2.180 --
Northwest Wyoming Pool -- --
Opal 1.930 to 2.000 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.845 to 1.870 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 2.550 to 2.550 --
Kern Delivery 2.850 to 2.900 --
California
Malin 1.980 to 2.050 --
PG&E Citygate 2.670 to 2.800 --
SoCal Citygate 3.700 to 4.080 --
Southern Border, PG&E 2.100 to 2.160 --
Southern Border, SoCal 2.500 to 2.850 --
SoCal Border Avg. 2.500 to 2.850 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.500 to 2.550 --
SoCal Border - Kern River Station 2.850 to 2.850 --
SoCal Border - Kramer -- --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP 1.050 to 1.050 --
Empress 2.000 to 2.090 --
NOVA/AECO C 0.520 to 0.685 --
Westcoast Station 2 0.500 to 0.700 --
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.