Story of the Day

ExxonMobil Permian New Mexico Forecast to Generate $64B for State Over 40 Years
Shale Daily
ExxonMobil Corp.’s Permian Basin resources in New Mexico could generate $64 billion in net economic benefits for the state and... Read More
Exxonmobil-new-mexico-delaware-basin-acreage-20190517

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NGI's Shale Daily

May 17, 2019

ExxonMobil-New-Mexico-Delaware-Basin-Acreage-20190517

ExxonMobil Permian New Mexico Forecast to Generate $64B for State Over 40 Years

ExxonMobil Corp.’s Permian Basin resources in New Mexico could generate $64 billion in net economic benefits for the state and...

California Oil, Gas Setback Proposal Dies in Committee

The appropriations committee of California’s Assembly has sidetracked a proposed bill that would have established stringent setback requirements for oil and natural gas drilling, effectively killing the legislation until at least next year.
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BHGE’s U.S. Rig Count Eases on Declines in Oil Patch

The U.S. rig count held steady for the week ended May 17, dropping one unit overall to fall to 987, although major plays, including the Permian Basin and Marcellus Shale, saw larger net declines, according to data from Baker Hughes, a GE Company.

Colorado Completes Initial Step to Implement Oil, Gas Law

The Colorado Oil and Gas Conservation Commission (COGCC) on Thursday issued initial guidance for implementing Senate Bill 181 enacted earlier this year, which requires regulators to revamp some oil and gas rules.

Montney NGL Output Seen Up 16% in ‘19, Says Wood Mackenzie

Combined natural gas and liquids byproduct output will increase by 16% this year from the prolific Montney geological formation straddling Alberta and British Columbia, according to Wood Mackenzie.
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New York Reinforces Appalachian Natural Gas Blockade, Rejecting Transco Expansion

New York has for now blocked even more Appalachian shale gas from entering the state after denying a key permit for the Northeast Supply Enhancement Project.

Emerging COTC Technology Holds Promise to Boost Oil Operator Profits

Cutting edge technology that could turn excess oil supply into petrochemicals shows promise to more than double profits for operators, an economic assessment by IHS Markit has found.

Howard Energy Completes Planned Permian Midstream Buildout

Howard Energy Partners (HEP) has completed most of its planned oil and natural gas midstream infrastructure in the Permian Basin’s Delaware sub-basin, enabling more opportunities to move supply south.
Monthly-North-Dakota-NatGas-Production-and-Percent-Flared-20190516

North Dakota’s Bakken Sets Natural Gas Production Record in March

Natural gas production reached an all-time high in the Bakken Shale in North Dakota during March, according to...
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Appalachian Operator EdgeMarc Files for Chapter 11, Citing Gas Pipeline Blast Impacts

Privately held EdgeMarc Energy Holdings LLC said Wednesday it has filed for Chapter 11 bankruptcy protection in order to sell all of its Appalachian assets after a pipeline explosion last year in western Pennsylvania stranded production from its core assets.
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Mexico Shale Ban Could Hit NatGas Production, Increase Need for U.S. Imports, Says Baker Institute -- Bonus Coverage

Banning hydraulic fracturing (fracking) and the development of the country’s vast shale resources could defeat Mexican President Andrés Manuel López Obrador’s policy aims of limiting natural gas imports, according to an issue brief put together by Rice University’s Baker Institute for Public Policy.
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NGL Energy's Produced Water System in Permian Expanding with Mesquite Deal

NGL Energy Partners LP is stepping up its water disposal plans in the Permian Basin with the acquisition...

E&P Capital Discipline Pressuring Lower 48 Oil, Gas Permitting

The capital discipline instilled by many exploration and production (E&P) companies has put the squeeze on permitting in the Lower 48, with a “more opaque outlook” expected in the near term, according to Evercore ISI.

Meritage Boosting PRB NatGas Processing Capacity as Demand Grows

Meritage Midstream Services II LLC said this week it expects to more than double its natural gas processing capacity in Wyoming’s Powder River Basin (PRB) if a new cryogenic plant comes online in the third quarter as expected.

KKR Saddles Up with Spur Energy to Prospect in Permian and Beyond

Houston-based Spur Energy Partners LLC, formed earlier this year, has partnered up with sponsor KKR to buy some Permian Basin assets and acquire other properties across the Lower 48.

3D"Sign

NGI's Bidweek Alert Day 5 - April 30th for May 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 -- -0.1250 to -0.1250
Texas Eastern S. TX -- -0.0950 to -0.0800
Transco Zone 1 -- -0.0800 to -0.0800
East Texas
Carthage -- -0.1800 to -0.1700
Houston Ship Channel 2.580 to 2.580 0.0400 to 0.0400
Katy -- --
NGPL TexOk -- -0.2050 to -0.1950
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.050 to 1.050 --
El Paso - Keystone Pool -0.050 to 0.150 --
El Paso - Plains Pool 1.050 to 1.050 --
El Paso - Waha Pool 0.050 to 0.150 --
Transwestern 0.100 to 0.120 --
Transwestern - Central 0.100 to 0.120 --
Transwestern - W. TX 0.100 to 0.100 --
Waha -0.100 to 0.150 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.290 to 2.320 --
Chicago - Nicor Gas 2.295 to 2.320 --
Chicago - NIPSCO 2.290 to 2.320 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1800 to -0.1550
Dawn 2.270 to 2.400 -0.1900 to -0.1600
Emerson -- -0.4000 to -0.3600
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.290 to 2.290 -0.1900 to -0.1700
NGPL Amarillo Mainline -- --
Parkway/Union -- -0.1775 to -0.1475
REX Zone 3 Delivered -- -0.2825 to -0.2750
REX into ANR - Shelby -- -0.2825 to -0.2750
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.875 to 1.875 -0.6500 to -0.6500
Enable East -- -0.3800 to -0.3350
Enable West -- --
NGPL Midcontinent 1.820 to 1.840 -0.6800 to -0.6350
Northern Border Ventura -- --
Northern Natural Demarc 2.100 to 2.215 --
Northern Natural Ventura 2.095 to 2.200 -0.3500 to -0.3500
OGT 1.600 to 1.600 -0.9600 to -0.9200
Panhandle Eastern -- -0.7800 to -0.7700
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1800 to -0.1650
Trunkline Zone 1A -- -0.2400 to -0.2000
South Louisiana
ANR SE -- -0.1025 to -0.1025
Columbia Gulf Mainline -- -0.1950 to -0.1800
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to 0.0000
Southern Natural -- -0.0675 to -0.0600
Tennessee Line 500 -- -0.0700 to -0.0600
Tennessee Line 800 -- -0.1100 to -0.1000
Texas Eastern E. LA -- -0.1400 to -0.1150
Texas Eastern W. LA -- -0.1000 to -0.0925
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0700 to -0.0600
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0300 to -0.0175
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0700 to -0.0600
Transco Zone 5 -- -0.0500 to -0.0100
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0500 to -0.0100
Appalachia
Columbia Gas -- -0.2700 to -0.2550
Dominion North -- -0.4500 to -0.4400
Dominion South -- -0.4500 to -0.4200
Leidy Hub -- --
Millennium East Pool -- -0.6300 to -0.4800
Tenn Zone 4 200L -- -0.2775 to -0.2500
Tennessee Zn 4 313 Pool -- -0.3200 to -0.2950
Tennessee Zn 4 Marcellus -- -0.6800 to -0.6500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4800 to -0.4500
Texas Eastern M-3, Delivery -- -0.3700 to -0.3575
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5400 to -0.4750
Northeast
Algonquin Citygate -- -0.2000 to -0.1900
Algonquin Citygate (non-G) -- -0.2000 to -0.1900
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.2100 to -0.1900
Iroquois, Waddington -- -0.1700 to -0.0900
Niagara -- -0.2300 to -0.2300
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 -- -0.3900 to -0.3400
Transco Zone 6 non-NY North -- -0.3900 to -0.3400
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3500 to -0.3400
Rocky Mountains
Cheyenne Hub 1.770 to 1.800 --
CIG 1.750 to 1.770 --
CIG DJ Basin 1.450 to 1.450 --
El Paso Bondad 1.400 to 1.400 --
El Paso San Juan 1.235 to 1.450 --
Kern River 1.840 to 1.950 --
Kingsgate -- --
Northwest S. of Green River 1.770 to 1.770 --
Northwest Sumas 1.850 to 1.930 --
Northwest Wyoming Pool -- --
Opal 1.880 to 1.940 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.400 to 1.450 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.250 to 2.350 --
California
Malin 1.890 to 2.030 --
PG&E Citygate 2.950 to 3.200 --
SoCal Citygate 2.600 to 2.750 --
Southern Border, PG&E 1.250 to 1.560 --
Southern Border, SoCal 1.450 to 2.275 --
SoCal Border Avg. 1.450 to 2.275 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.450 to 1.700 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.190 to 2.250 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 2.250 to 2.275 --
Canada
Alliance (APC) - ATP -- --
Empress 2.200 to 2.395 --
NOVA/AECO C 1.000 to 1.100 --
Westcoast Station 2 0.700 to 0.720 --
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.