Story of the Day

Most California Oil, Gas Permits Said Issued for Reworking Wells, Not New Ones
Shale Daily
Permits to drill using hydraulic fracturing (fracking) are not growing at an unprecedented rate in California, contrary to... Read More
Weekly-california-onshore-oil-and-gas-drilling-rig-count-20190716

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NGI's Shale Daily

July 17, 2019

Energy Transfer Gauging Interest in Moving More Bakken Crude South

Energy Transfer LP (ET) has launched another open season to test support for crude shipments from the Bakken/Three Forks formation to Texas.

West Virginia Company to Turn Natural Gas, Coal Into Liquid Fuels

West Virginia-based Domestic Synthetic Fuels is preparing to break ground in October on a $1.2 billion project to convert coal and natural gas into gasoline and other fuels.
Weekly-California-Onshore-Oil-and-Gas-Drilling-Rig-Count-20190716

Most California Oil, Gas Permits Said Issued for Reworking Wells, Not New Ones

Permits to drill using hydraulic fracturing (fracking) are not growing at an unprecedented rate in California, contrary to...

American Energy Acquires Pennsylvania-Based Geological Consultancy

Allentown, PA-based American Energy Partners Inc. (AEP), which focuses on upstream oil and gas operations as well as waste and water treatment, has added another company to its repertoire.

Big Seven Unconventional Play Production to Near 82 Bcf/d in August, Says EIA

Production from the United States' seven most prolific onshore unconventional plays will continue its lengthy streak of month-to-month increases in August, with natural gas output expected to reach 81.96 Bcf/d and oil 8.55 million b/d, according to the U.S. Energy Information Administration (EIA).

Permian-Focused Callon to Take Eagle Ford Assets in $3.2B Acquisition of Carrizo

Houston-based Callon Petroleum Co.’s board has approved the acquisition of Carrizo Oil & Gas Inc., adding Eagle Ford Shale-centered assets to Callon’s portfolio.

Midcontinent Drilling and Business Activity Expected to Hit Three-Year Low, Fed Says

Oil and gas companies operating in the Federal Reserve’s 10th District -- Kansas, Colorado, Nebraska, Oklahoma, Wyoming and the northern half of New Mexico -- expect drilling and business activity in the district to drop to 2016 levels, according to a quarterly report released on July 12 by the Federal Reserve Bank of Kansas City.
Monthly-Niobrara-DJ-Wells-Drilled-20190712.png

Permit Weakness Seen Persisting Across Lower 48, Particularly for Natural Gas Drilling

A sharp ramp in permit requests for Colorado’s Denver-Julesburg (DJ) Basin/Niobrara formation helped...

Global Oil Supply Seen Tracking to Oversupply Again in 2020

The International Energy Agency expects the global oil markets to become oversupplied again in 2020, despite the recent decision by the Saudi-led cartel to extend output reductions through next March.
Tango-FLNG-20190711

Vaca Muerta Boom Leads to First LNG Out of Argentina; More to Come -- Bonus Coverage

Argentina in June started exporting liquefied natural gas for the first time in its history, marking a new milestone for the Vaca Muerta shale formation in Neuquén province and a portent of much more to come.
sdbaker0712

Pullback for Permian, Eagle Ford Leads U.S. Rig Count Lower

Driven by sharp declines in the Permian Basin and Eagle Ford Shale, the U.S. rig count fell five units to 958 for the week ended July 12, according to the latest numbers from Baker Hughes, a GE Company.
Monthly-US-Imports-of-Crude-Oil-from-Canada-20190712

Plains Looks to Expand Crude Shipping from Canada to Gulf Coast as Keystone Sputters

Affiliates of Houston-based Plains All American Pipeline LP have launched open seasons for two projects that could increase crude shipping...

Pennsylvania Well Permits Declined in 2018 but NatGas Production Hit Record Levels

Unconventional well permitting in Pennsylvania declined in 2018 by about 8% year/year as natural gas prices remained depressed and operators drilled longer laterals instead of developing more wells, according to the annual oil and gas report by the state Department of Environmental Protection (DEP).
Monthly_US_Propane_Exports_20190711

Fueled by Montney, Canadian Propane Heading Overseas with AltaGas Export Start Up

The Canadian natural gas industry has sailed into overseas markets for the first time with propane shipped from an export terminal erected on the Pacific...
NGI-Monthly-Average-Marcellus-Shale-Price-Index-and-Appalachian-NatGas-Production-20190711

Rice Family Expected to Execute for EQT When Honeymoon Ends

After a remarkable victory to take control of Appalachian natural gas powerhouse EQT Corp. this week, the Rice family is expected to begin slashing costs and redirecting how the exploration and production (E&P) company works its core assets in the Marcellus and Utica shales, according to financial analysts.

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.