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4Q2019 Earnings: Permian Natural Gas Flaring Giving E&Ps a ‘Black Eye,’ Says Pioneer’s Sheffield
Shale Daily
4Q2019 Earnings: Permian Natural Gas Flaring Giving E&Ps a ‘Black Eye,’ Says Pioneer’s Sheffield

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NGI's Shale Daily

February 21, 2020

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Permian, Haynesville Add Rigs to Nudge Overall U.S. Count Higher

Increased activity in the Permian Basin and Haynesville Shale helped push the U.S. rig count one unit higher to 791 for the week ended Friday (Feb. 21), according to the latest data from Baker Hughes Co. (BKR).
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4Q2019 Earnings: Permian Natural Gas Flaring Giving E&Ps a ‘Black Eye,’ Says Pioneer’s Sheffield

Permian Basin producers have to reduce natural gas flaring rates below 2% by the first half of 2021 when more pipeline infrastructure is due to...

4Q2019 Earnings: Cabot Tests Show Winner in Upper Marcellus, Management Says

Cabot Oil & Gas Corp. on Friday said tests in the upper Marcellus Shale demonstrate the interval is a “distinct” target with results exceeding “the majority of assets” across Appalachia that’s likely to extend the life of its drilling inventory in Northeast Pennsylvania by over a decade.
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Amarillo Rattler JV to Expand Midstream Natural Gas Infrastructure in Permian

Amarillo Midstream and Rattler Midstream LP have formed Amarillo Rattler, a 50/50 joint venture that will own, operate and expand a natural gas gathering and processing system in the Permian Basin’s Midland sub-basin in West Texas, the companies announced Thursday.

4Q2019 Earnings: E&Ps, Midstreamers Must Collaborate to Reduce Permian Natural Gas Flaring, Says Diamondback CEO

Upstream and midstream companies have to work together to reduce natural gas flaring in the Permian Basin, according to Diamondback Energy Inc. CEO Travis Stice.
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BLM Attempting Once Again to Revamp Sage Grouse Habitat Rules

The Trump administration on Wednesday outlined how it plans to respond to a district court order in Idaho that last year blocked revisions by the Bureau of Land Management (BLM)...

4Q2019 Earnings: Ovintiv Looks to Anadarko, Permian to Drive Liquids Growth in 2020

Ovintiv Inc., rebranded in January by Encana Corp., plans to cut capital spending this year and lean on its scale across North America to drive up liquids production and maintain free cash flow (FCF).

4Q2019 Earnings: Concho Boosting Permian Lateral Lengths at Lower Cost; Dividend Hiked 60%

Permian Basin pure-play Concho Resources Inc. has reduced capital spending for 2020, but it still expects to lift oil volumes in 2020 by 10-12%, CEO Tim Leach said Wednesday.

4Q2019 Earnings: Devon Trains 2020 Focus on Permian Delaware

With the Barnett Shale sale completed, Devon Energy Corp. has transformed into a Lower 48 oil-rich powerhouse, with the Permian Basin set to drive performance this year, CEO Dave Hager said Wednesday.
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Permian Highway Pipeline Gains Favorable Court Ruling

Construction on Kinder Morgan Inc.’s 2 Bcf/d Permian Highway Pipeline (PHP) is to continue after a Texas court found no evidence that the project should be halted for not following federal requirements.
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‘Staggering’ Debt Has North American E&Ps, Especially Natural Gas-Weighted, Risking Default

With a “staggering level” of debt maturing in the 2020-2024 time frame and limited access to...
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4Q2019 Earnings: Enable Sees Record '19 Volumes but Bracing for ‘Headwinds of 2020’

Weaker commodity prices made a dent in Enable Midstream Partners LP’s revenues to close out 2019, but the Oklahoma City-based midstreamer persevered in part on the strength of record-high annual natural gas gathering, processing and transportation volumes.
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Inflection Point? EIA Forecasts End to Three Years of Nonstop NatGas Production Growth

For the first time in three years, the Energy Information Administration (EIA) is predicting a month-to-month decline...

IEA Cuts Global Oil Demand Forecast on Coronavirus

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.
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Wildcatter Clayton Williams Remembered as ‘Giant Among Texans’

Legendary oilman Clayton Williams Jr., 88, who built an oil and gas empire in West Texas and made one unsuccessful bid to become the state’s governor, died Friday.

3D"Sign

NGI's Bidweek Alert Day 5 - January 31st for February 2020
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 -0.1050
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.0750 to -0.0700
East Texas
Carthage -- --
Houston Ship Channel -- -0.0650 to -0.0650
Katy -- --
NGPL TexOk -- -0.1575 to -0.1450
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.050 to 1.220 --
El Paso - Keystone Pool 0.120 to 0.525 --
El Paso - Plains Pool 1.110 to 1.220 --
El Paso - Waha Pool 0.050 to 0.450 --
Transwestern 0.200 to 0.400 --
Transwestern - Central 0.305 to 0.400 --
Transwestern - W. TX 0.200 to 0.400 --
Waha 0.050 to 0.550 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 1.805 to 1.945 --
Chicago - Nicor Gas 1.850 to 1.935 --
Chicago - NIPSCO 1.805 to 1.945 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy 1.815 to 1.815 -0.0900 to -0.0850
Dawn 1.705 to 1.820 -0.1250 to -0.0800
Defiance -- -0.1700 to -0.1700
Rover-ANR -- -0.1700 to -0.1700
Rover-Panhandle -- --
Emerson -- -0.0750 to -0.0400
Joliet -- --
Lebanon -- -0.1250 to -0.1250
Michigan Consolidated -- -0.1550 to -0.1250
NGPL Amarillo Mainline 1.710 to 1.740 --
Parkway/Union 1.810 to 1.810 -0.0500 to -0.0450
REX Zone 3 Delivered -- -0.1525 to -0.1250
REX into ANR - Shelby -- -0.1525 to -0.1250
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1500 to -0.1450
REX into PEPL - Putnam -- -0.1400 to -0.1400
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.680 to 1.680 --
Enable East -- -0.2525 to -0.2050
NGPL Midcontinent 1.410 to 1.450 -0.5200 to -0.5200
Northern Border Ventura -- --
Northern Natural Demarc 1.800 to 1.810 -0.0300 to -0.0250
Northern Natural Ventura 1.870 to 2.020 --
OGT 1.445 to 1.445 -0.4500 to -0.4500
Panhandle Eastern 1.440 to 1.490 -0.4700 to -0.4350
Southern Star -- -0.2600 to -0.2600
North Louisiana/Arkansas
Perryville -- -0.1000 to -0.1000
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1450 to -0.1450
Trunkline Zone 1A -- -0.1625 to -0.1300
South Louisiana
ANR SE -- -0.0725 to -0.0700
Columbia Gulf Mainline -- -0.1600 to -0.1425
Columbia Gulf onshore -- -0.0700 to -0.0650
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to -0.0025
Southern Natural -- -0.0725 to -0.0625
Tennessee Line 500 -- -0.0800 to -0.0650
Tennessee Line 800 -- -0.1200 to -0.1100
Texas Eastern E. LA -- -0.1000 to -0.1000
Texas Eastern W. LA -- -0.0700 to -0.0650
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0500 to -0.0450
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0050 to 0.0200
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0325 to -0.0275
Transco Zone 5 -- 0.2800 to 0.5800
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.2800 to 0.5800
Appalachia
Columbia Gas -- -0.3500 to -0.3300
Dominion North -- -0.4200 to -0.4000
Dominion South -- -0.4400 to -0.3950
Leidy Hub -- --
Millennium East Pool -- -0.3500 to -0.3400
Tenn Zone 4 200L -- -0.2200 to -0.2000
Tennessee Zn 4 313 Pool -- -0.3900 to -0.3750
Tennessee Zn 4 Marcellus -- -0.4000 to -0.3750
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4450 to -0.4000
Texas Eastern M-3, Delivery -- 0.1500 to 0.4200
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4200 to -0.2800
Northeast
Algonquin Citygate -- 1.0000 to 1.5750
Algonquin Citygate (non-G) -- 1.0000 to 1.5750
Algonquin Receipts -- --
Iroquois Zone 2 -- 1.1000 to 1.5000
Iroquois, Waddington -- 0.4700 to 0.7000
Niagara -- -0.0250 to -0.0100
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.2000 to 0.4500
Transco Zone 6 non-NY North -- 0.2000 to 0.4500
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.3500 to 0.8000
Rocky Mountains
Cheyenne Hub 1.620 to 1.655 --
CIG 1.605 to 1.650 --
CIG DJ Basin -- --
El Paso Bondad 1.600 to 1.600 --
El Paso San Juan 1.550 to 1.630 --
Kern River 1.890 to 2.030 --
Kingsgate -- --
Northwest Rockies 1.620 to 1.660 --
Northwest S. of Green River 1.620 to 1.660 --
Northwest Sumas 1.895 to 2.100 --
Northwest Wyoming Pool -- --
Opal 1.920 to 2.050 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.600 to 1.600 --
White River Hub 1.660 to 1.710 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.375 to 2.550 --
California
Malin 1.915 to 2.060 --
PG&E Citygate 2.690 to 2.790 --
SoCal Citygate 3.350 to 3.530 --
Southern Border, PG&E 1.620 to 1.700 --
Southern Border, SoCal 1.650 to 2.500 --
SoCal Border Avg. 1.650 to 2.500 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.150 to 2.390 --
SoCal Border - Kern River Station 2.350 to 2.350 --
SoCal Border - Kramer 2.430 to 2.500 --
SoCal Border - Needles 1.700 to 1.700 --
SoCal Border - Topock 1.650 to 1.650 --
SoCal Border - Wheeler Ridge 2.440 to 2.440 --
Canada
Alliance (APC) - ATP -- --
Empress 1.780 to 1.990 --
NOVA/AECO C 1.740 to 1.975 --
Westcoast Station 2 1.900 to 1.925 --
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.