Story of the Day

Enviros Fail in Lawsuit Questioning 2017 Nevada Lease Sales
Shale Daily
A federal district court judge in Nevada has ruled against two environmental groups that sued the Interior Department's... Read More
Bureau-of-land-management-proposed-oil-and-gas-lease-parcels-in-nevada-20190122

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NGI's Shale Daily

January 22, 2019

EQT CEO Defends Company Direction, Details Plans For Careful Growth

EQT Corp. CEO Robert McNally on Tuesday vigorously defended the country’s largest natural gas producer’s direction, calling a proposal put forward by Rice Energy co-founders to generate more value “fundamentally flawed,” and highlighting a plan to better control costs and improve operations. 

Increased Oil, Natural Gas Production to Continue Next Month in Key U.S. Plays, Says EIA

Month-to-month increases in natural gas and oil production from the seven most prolific U.S. onshore unconventional plays will continue in February, pushing the upward trend into a third year, according to the U.S. Energy Information Administration (EIA).
Mexico-Sureste-Basin-20190115

Premier Oil Sees Mexico’s Zama Appraisal Campaign Concluding This Year

Premier Oil plc said it expects results shortly from the Zama-2 appraisal well, which was spudded last November in Mexico’s Sureste Basin.
Bureau-of-Land-Management-Proposed-Oil-and-Gas-Lease-Parcels-in-Nevada-20190122

Enviros Fail in Lawsuit Questioning 2017 Nevada Lease Sales

A federal district court judge in Nevada has ruled against two environmental groups that sued the Interior Department's...
Gulfport-Energy-Quarterly-Average-Diluted-Shares-Outstanding-20190118.png

Gulfport Joins Peers, Cuts 2019 Spending Amid Market Volatility

Gulfport Energy Corp. plans to slash spending this year and keep production flat to 2018 levels with a program...
Unconventonal Rigs 1-18-19.png

Recent Oil Slump Evident in BHGE Count as U.S. Drops 25 Rigs

Temperatures in the Lower 48 are set to plunge through the final third of January, but it was the U.S. rig count that dropped sharply for the week ended Friday (Jan. 18), according to data from Baker Hughes, a GE Company.

Marine Expert Says Trans Mountain Crude Oil Tanker Traffic to Pose Little Danger

The Canadian government’s star marine safety expert says the west coast has little to fear from tankers that would be loaded with oil by the contested Trans Mountain Pipeline expansion project for the country’s top natural gas user, Alberta thermal oilsands production.
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Bakken Operators Using Drones to Improve Oversight

North Dakota oil and natural gas operators throughout the Bakken Shale have continued to polish their image for innovation and technology on the ground at well sites, and now they’re looking skyward by deploying drones to further that reputation.
Breakdown-of-Ruby-Pipeline-FT-Capacity-Holders-20190117-v31

KMI Seeking Shippers on Permian Highway Expansion After Another Quarter of Transport Growth

Kinder Morgan Inc. is seeking shipper commitments for 100 MMcf/d of incremental capacity on its planned Permian Highway Project (PHP) after fourth quarter 2018 natural gas transport volumes grew 15% year/year.
Annual-Texas-as-Percent-of-Total-US-Marketed-NatGas-and-Crude-Oil-Production-20190118.png

Texas Oil, Natural Gas Royalties Climb 18% in 2018

The oil and natural gas industry paid Texas $2 billion in royalties in 2018, up 18% year/year, with most of the money directed to fund public schools and higher education.

New Wyoming Governor Sees Energy as 'Pillar' of Economy

Wyoming's new Gov. Mark Gordon indicated in a state of the state address earlier this month that his administration would continue ongoing efforts to keep energy -- oil, natural gas and coal -- at the forefront of the economy.

Earthstone to Run One Rig in 2019, Eyes Free Cash Flow Neutrality in 2020

Earthstone Energy Inc., a Texas-based independent focused on the Permian Basin’s Midland sub-basin and the Eagle Ford Shale, said it plans to run a one-rig operated drilling program in 2019, as it looks achieve free cash flow neutrality in 2020.
Monthly-North-Dakota-NatGas-Production-and-Percent-Flared-20190117.png

North Dakota Considers Underground Natural Gas Storage to Cut Flaring

If various regulatory and economic hurdles can be overcome, storage of produced natural gas through...

Reduced Permian E&P Activity Could Impact Crude Takeaway Plans

With wishy washy oil prices slip sliding and some onshore producers trimming their capital spending for 2019, concern is rising that some of the planned crude takeaway projects in the Permian Basin could be shaky.

MVP Property Rights Case Reaches U.S. Supreme Court

The U.S. Supreme Court is expected to decide this week whether it will hear a case challenging the Mountain Valley Pipeline (MVP) and the constitutionality of parts of the Natural Gas Act (NGA).

3D"Sign

NGI's Bidweek Alert Day 5 - December 28th for January 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 -- -0.1100 to -0.1100
Texas Eastern S. TX -- -0.1075 to -0.0900
Transco Zone 1 -- -0.1000 to -0.0700
East Texas
Carthage -- -0.1850 to -0.1850
Houston Ship Channel 3.700 to 3.710 0.1500 to 0.2700
Katy -- --
NGPL TexOk -- -0.2800 to -0.2400
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.1900 to -0.1900
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.750 to 3.350 --
El Paso - Keystone Pool 1.750 to 2.160 --
El Paso - Plains Pool 3.200 to 3.350 --
El Paso - Waha Pool 2.000 to 2.050 --
Transwestern 2.130 to 2.130 --
Transwestern - Central -- --
Transwestern - W. TX 2.130 to 2.130 --
Waha 1.100 to 2.050 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.945 to 4.160 0.2200 to 0.2500
Chicago - Nicor Gas 3.945 to 4.160 0.2300 to 0.2500
Chicago - NIPSCO 3.965 to 4.100 0.2200 to 0.2200
Chicago - North Shore -- --
Chicago - Peoples 3.980 to 3.980 --
Consumers Energy -- -0.0800 to -0.0200
Dawn 3.180 to 3.280 -0.0400 to 0.2500
Emerson -- 0.1700 to 0.2800
Joliet -- --
Lebanon -- --
Michigan Consolidated 3.350 to 3.350 -0.2050 to -0.1250
NGPL Amarillo Mainline -- --
Parkway/Union -- 0.1100 to 0.3200
REX Zone 3 Delivered -- -0.1900 to -0.1300
REX into ANR - Shelby -- -0.1400 to -0.1300
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1900 to -0.1500
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 3.150 to 3.415 -0.2500 to -0.2500
Enable East -- -0.0800 to -0.0800
Enable West -- --
NGPL Midcontinent 2.850 to 2.850 -0.6900 to -0.5300
Northern Border Ventura 3.950 to 4.100 --
Northern Natural Demarc 3.450 to 3.720 -0.1400 to -0.1000
Northern Natural Ventura 4.500 to 4.500 0.4500 to 1.1500
OGT -- -0.5500 to -0.4200
Panhandle Eastern 3.030 to 3.395 -0.5000 to -0.4300
Southern Star -- -0.3500 to -0.3200
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1800 to -0.1500
Trunkline Zone 1A -- -0.1900 to -0.1600
South Louisiana
ANR SE -- -0.0900 to -0.0700
Columbia Gulf Mainline -- -0.1800 to -0.1600
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0025 to 0.0200
Southern Natural -- -0.0475 to -0.0400
Tennessee Line 500 -- -0.0600 to -0.0500
Tennessee Line 800 -- -0.1050 to -0.0750
Texas Eastern E. LA -- -0.1500 to -0.1200
Texas Eastern W. LA -- -0.0850 to -0.0850
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0200
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0000 to 0.0200
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0025 to 0.0025
Transco Zone 5 -- 3.5000 to 3.8500
Transco Zone 5 North -- --
Transco Zone 5 South -- 3.5000 to 3.8500
Appalachia
Columbia Gas -- -0.2700 to -0.2300
Dominion North -- --
Dominion South -- -0.3800 to -0.2775
Leidy Hub -- --
Millennium East Pool -- -0.3100 to -0.2000
Tenn Zone 4 200L -- -0.1850 to -0.1600
Tennessee Zn 4 313 Pool -- -0.2900 to -0.2300
Tennessee Zn 4 Marcellus -- -0.3650 to -0.2500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4000 to -0.2800
Texas Eastern M-3, Delivery -- 2.7500 to 3.5000
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2000
Northeast
Algonquin Citygate -- 5.2500 to 6.0000
Algonquin Citygate (non-G) -- 5.2500 to 6.0000
Algonquin Receipts -- --
Iroquois Zone 2 -- 4.5000 to 5.2500
Iroquois, Waddington -- 1.5000 to 1.5000
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 5.8000 to 6.0000
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 5.8000 to 6.0000
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 3.2750 to 3.7000
Transco Zone 6 non-NY North -- 3.2750 to 3.7000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 4.5000 to 5.0000
Rocky Mountains
Cheyenne Hub 3.220 to 3.530 --
CIG 3.520 to 3.550 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 3.170 to 3.410 --
Kern River 4.100 to 4.530 --
Kingsgate -- --
Northwest S. of Green River 3.200 to 3.600 --
Northwest Sumas 4.150 to 6.950 --
Northwest Wyoming Pool 4.440 to 4.460 --
Opal 4.000 to 4.680 --
Questar -- --
Stanfield 4.400 to 4.400 --
Transwestern San Juan -- --
White River Hub 3.500 to 3.600 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 4.300 to 4.500 --
Kern Delivery -- --
California
Malin 3.950 to 4.650 --
PG&E Citygate 4.020 to 4.750 --
SoCal Citygate 7.000 to 8.450 --
Southern Border, PG&E 3.500 to 3.700 --
Southern Border, SoCal 3.800 to 4.400 --
SoCal Border Avg. 3.800 to 4.400 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 3.800 to 4.400 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer -- --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 3.790 to 4.585 --
NOVA/AECO C 1.465 to 1.860 --
Westcoast Station 2 0.800 to 0.810 --
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.