Story of the Day

North Dakota Oil, Gas Production Continues Record-Breaking Pace
Shale Daily
North Dakota's Bakken Shale set back-to-back records for oil and natural gas production... Read More
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NGI's Shale Daily

October 15, 2018

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Natural Gas Production From Big Seven Plays to Reach 74.06 Bcf/d in November, EIA Says

The U.S. Energy Information Administration (EIA) is projecting production from the nation's seven most prolific onshore unconventional plays -- the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations -- will increase in November, continuing a nearly two-year trend, with natural gas output forecast to reach 74.06 Bcf/d and oil production an estimated 7.71 million b/d.

Nine Energy Eyes Bigger North American Completions Market with Magnum Oil Takeover

Houston-based Nine Energy Service Inc. has a definitive agreement on the table to acquire Magnum Oil Tools International Ltd. for $493 million in cash and stock, a merger designed to expand its completions offerings in North America’s onshore and beyond.

Permian DUCs Likely to Decline in 2019 as Sector Rebounds, Says Raymond James

A reversal in the backlog of uncompleted U.S. onshore wells could swamp operators when activity resumes early next year as there no longer will be an incentive to defer wells in the largest U.S. play, according to Raymond James & Associates Inc.
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North Dakota Oil, Gas Production Continues Record-Breaking Pace

North Dakota's Bakken Shale set back-to-back records for oil and natural gas production...

Primus Advances Small-Scale GTL Facility in Marcellus Country

Houston-based Primus Green Energy Inc. is finally moving forward with plans to develop a small-scale gas-to-liquids (GTL) facility in West Virginia after partnering with an international engineering, procurement and construction firm to improve the project’s economics.
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Midcontinent, Rockies Oil, Natural Gas Activity Swings Higher in 3Q

Energy activity across the Midcontinent and into the Rocky Mountains regions accelerated during the third quarter, with firms anticipating continued strong activity...
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Permian Paces Gains in U.S. Onshore as BHGE Rig Count Up 11

The United States added 11 rigs, mostly oil-directed, for the week ended Friday (Oct. 12), led by gains in the Permian Basin, according to data from Baker Hughes, a GE Company.

Drillbit Maker PDC Rebrands as Taurex Ahead of Shale Expansion Plans

PDC Logic LLC, an Oklahoma drillbit manufacturer with operations in the Bakken and Eagle Ford shales, the Midcontinent and the Permian and Denver-Julesburg basins, has instituted a major rebranding effort and changed its name to Taurex Drill Bits LLC.

U.S. Drilling Permits Plummet in September, Foreshadowing Possible Decline in Rig Count

U.S. oil and gas drilling permits slid in September, down 21% sequentially and 27% from a year ago, which suggests that a decline in the domestic rig count is possible, according to Evercore ISI.

Permian Operators Playing Whack-A-Mole as Pipeline, Labor Constraints Pop Up

Oil and natural gas pipeline constraints in the Permian Basin may be the headline story, but operators are playing “whack-a-mole” in the giant play, where once one issue is resolved, another immediately pops up, executives said Wednesday.

Aspen Midstream to Build Austin Chalk Pipeline and Gathering Systems

In another expression of renewed interest in the Austin Chalk, Aspen Midstream LLC said Thursday it is building a large-diameter residue gas pipeline and both lean and rich gas gathering systems in the Giddings Field in South Texas.
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BP’s Dudley Applauds Renewables, but Says Oil, Gas Investments Still Necessary

The “pressing need” to reduce carbon emissions will require dramatic changes for society and...
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Nexus Gets FERC Nod to Start Service, Growing Marcellus, Utica Takeaway Options

In a move that should further boost Appalachian export capacity to Midwest markets in time for winter, FERC on Wednesday authorized the greenfield 1.5 Bcf/d Nexus Gas Transmission pipeline to begin service.
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Mexico’s President Elect Reaffirms Opposition To Fracking Despite Natural Gas Output Woes

For the second time since his July 1 electoral victory, Mexican President-Elect Andrés Manuel López Obrador said publicly that his administration will not allow hydraulic fracturing, or fracking, to extract oil and gas.

Pennsylvania Senators Working on Pipeline Siting Legislation

Three Pennsylvania state senators are planning to introduce legislation that would require the Department of Environmental Protection to develop permit conditions and siting guidelines for pipelines built in the state.

3D"Sign

NGI's Bidweek Alert Day 5 - September 28th for October 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 -- -0.1450 to -0.1150
Texas Eastern S. TX -- 0.0400 to 0.0500
Transco Zone 1 -- -0.0550 to -0.0400
East Texas
Carthage -- -0.2000 to -0.1625
Houston Ship Channel 3.160 to 3.200 0.1200 to 0.1200
Katy -- --
NGPL TexOk 2.880 to 2.880 -0.2050 to -0.1675
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.170 to 1.290 --
Transwestern 1.200 to 1.215 --
Waha 1.190 to 1.220 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.895 to 2.950 --
Chicago - Nicor Gas 2.900 to 2.950 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.895 to 2.910 --
Consumers Energy -- -0.1250 to -0.0800
Dawn 2.940 to 2.965 -0.1400 to -0.0925
Emerson -- -0.2300 to -0.2000
Joliet -- --
Lebanon -- -0.2700 to -0.2300
Michigan Consolidated 2.940 to 2.940 -0.1350 to -0.0900
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.2250 to -0.2125
REX into MGT - Edgar -- -0.2000 to -0.1925
REX into NGPL - Moultrie -- -0.1875 to -0.1850
REX into PEPL - Putnam -- -0.2300 to -0.2200
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.205 to 2.240 -0.8600 to -0.8100
Enable East 2.730 to 2.730 -0.3050 to -0.3000
Enable West -- --
NGPL Midcontinent -- -0.9850 to -0.9500
Northern Border Ventura 2.780 to 2.860 --
Northern Natural Demarc 2.720 to 2.800 --
Northern Natural Ventura 2.835 to 2.870 --
OGT 1.650 to 1.710 -1.4800 to -1.3800
Panhandle Eastern 2.090 to 2.150 -0.9250 to -0.8750
Southern Star -- --
North Louisiana/Arkansas
Perryville -- -0.1300 to -0.1300
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1850 to -0.1550
Trunkline Zone 1A -- -0.2400 to -0.2075
South Louisiana
ANR SE -- -0.2125 to -0.1675
Columbia Gulf Mainline -- -0.1875 to -0.1700
Columbia Gulf onshore -- -0.1300 to -0.1150
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0600 to -0.0525
Tennessee Line 500 -- -0.0575 to -0.0550
Tennessee Line 800 -- -0.1150 to -0.0975
Texas Eastern E. LA -- -0.1900 to -0.1100
Texas Eastern W. LA 2.960 to 2.960 -0.1100 to -0.0750
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0750 to -0.0500
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- -0.1100 to -0.1100
Transco Zone 4 -- -0.0625 to -0.0425
Transco Zone 5 -- 0.0150 to 0.0300
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0150 to 0.0300
Appalachia
Columbia Gas -- -0.3500 to -0.2650
Dominion North -- -0.6000 to -0.6000
Dominion South -- -0.7150 to -0.4500
Leidy Hub -- --
Millennium East Pool -- -0.7400 to -0.5600
Tenn Zone 4 200L -- -0.2300 to -0.1950
Tennessee Zn 4 313 Pool -- -0.2800 to -0.2800
Tennessee Zn 4 Marcellus -- -0.7800 to -0.6100
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.7400 to -0.5100
Texas Eastern M-3, Delivery -- -0.6000 to -0.3600
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.6500 to -0.4400
Northeast
Algonquin Citygate -- 0.3500 to 0.4700
Algonquin Citygate (non-G) -- 0.3500 to 0.4700
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.0750 to 0.1700
Iroquois, Waddington -- 0.0400 to 0.1100
Niagara -- -0.1600 to -0.1300
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.4000 to 0.4200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4300 to -0.3000
Transco Zone 6 non-NY North -- -0.4300 to -0.3000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3800 to -0.3500
Rocky Mountains
Cheyenne Hub 2.150 to 2.150 --
CIG 2.065 to 2.080 --
CIG DJ Basin 1.500 to 1.500 --
El Paso Bondad -- --
El Paso non-Bondad 1.860 to 1.970 --
Kern River 2.280 to 2.350 --
Kingsgate 2.050 to 2.050 --
Northwest S. of Green River 2.200 to 2.200 --
Northwest Sumas 2.000 to 2.315 --
Northwest Wyoming Pool 2.200 to 2.270 --
Opal 2.270 to 2.355 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.900 to 2.000 --
White River Hub 2.150 to 2.150 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.600 to 2.750 --
California
Malin 2.250 to 2.420 --
PG&E Citygate 3.250 to 3.305 --
SoCal Citygate 3.500 to 3.980 --
Southern Border, PG&E 2.000 to 2.180 --
Southern Border, SoCal 2.200 to 2.730 --
SoCal Border Avg. 2.200 to 2.730 --
Canada
Empress 3.055 to 3.055 --
NOVA/AECO C 1.260 to 1.690 --
Westcoast Station 2 1.420 to 1.680 --
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.