Story of the Day

Crude-Focused West Texas Economics Sending Natural Gas Prices to Historic Lows
Shale Daily
In an unprecedented display of both the severe constraints impacting the Permian Basin and the tolerance... Read More
Ngi-el-paso-permian-and-waha-daily-natgas-price-indexes-20190326

View Archived Issues

NGI's Shale Daily

March 26, 2019

Magellan Cuts Capex, Says Permian Gulf Coast Oil Pipe ‘Unlikely’

Magellan Midstream Partners LP plans to reduce its capital expenditures (capex) through 2020 after determining that an oil pipeline project to connect the Permian Basin to the Texas coast was unlikely to proceed.
NGI-El-Paso-Permian-and-Waha-Daily-NatGas-Price-Indexes-20190326

Crude-Focused West Texas Economics Sending Natural Gas Prices to Historic Lows

In an unprecedented display of both the severe constraints impacting the Permian Basin and the tolerance...
Enbridge-Southern-Lights-Diluent-Pipeline-Line-13-20190326

Enbridge Aiming to Alleviate Western Canada Crude Bottlenecks with Line Reversal

Just as midstream companies are leaving no stone unturned in their efforts to alleviate oil and natural gas pipeline bottlenecks in the Permian Basin, Enbridge Inc. is looking to repurpose one of its diluent pipelines to offer relief to the oil takeaway problem in Western Canada.
Bakken-Shale-Counties-in-North-Dakota-and-Montana-20190326

Bakken Exploration Expanding into North Dakota Grasslands

Interest beyond the Bakken Shale's four-county core in North Dakota is expanding to the upper Midwest grasslands, with as many as five of the state's 65 active rigs now in operation.

Appalachian Shales Present More Petrochemical Opportunities, Study Finds

Prospects for a wide variety of chemical manufacturing in the Appalachian Basin are robust as methane, propane and butane production is expected to continue increasing in the Marcellus and Utica shales in the coming years, according to a study released last week by IHS Markit.

Colorado Energy Industry in '17 Supported 89,000 Jobs, $1B in Revenue, Says Industry Report

The upstream and midstream sectors of Colorado's oil and gas industry supported 89,000 jobs, accounted for $13.5 billion of the gross domestic product and created $1 billion of public revenue in 2017, according to researchers at the University of Colorado Denver Business School.

Domestic E&Ps Still Walking Disciplined Capex Path, Moderating Drilling Plans

U.S. publicly traded producers appear to be embracing the “Shale 2.0” mantra of spending discipline and shareholder returns, with capital spending trending down from 2018, according to analysts.
MonthlyEIAL48DrilledbutUncompletedWells_Jan14-Feb19

Lower 48 DUC Count Overstated in EIA Data, Says Raymond James

The absolute number of uncompleted wells in the U.S. onshore has increased in the past two years, but the...

North Dakota Fort Berthold Revenue-Sharing Bill Awaiting Governor’s Signature

The Republican-controlled North Dakota Legislative Assembly has passed legislation giving more oil and natural gas tax revenue to the three Native American tribes on the Fort Berthold Reservation, which accounts for about one-fifth of the state's oil production from the Bakken Shale.

Denbury Scraps Merger with Penn Virginia on Shareholder Opposition, Difficult Market

Lower 48 explorer Denbury Resources Inc. has scuttled plans to take over Penn Virginia Corp., blaming “difficult market conditions” and opposition by some shareholders.
sdbaker0322

Permian Slowdown Drives Decline in Latest BHGE Drilling Count

The U.S. rig count fell by 10 to 1,016 for the week ended Friday (March 22), driven by a slowdown in the Permian Basin, according to data from Baker Hughes, a GE Company.

Ascent Sees 2019 as 'Inflection Point' in Ohio's Utica

Ohio pure-play Ascent Resources LLC, the Utica Shale’s largest producer, said in a rare operational update that it expects to reach at least 2 Bcfe/d of production this year.
1-Yr Performance of CO E&P Stocks

With State Legislation Pending, Colorado County Temporarily Suspends New Drilling

Calling it a glimpse of the future under proposed energy regulatory reform now moving through the Colorado legislature, industry representatives...
Annual-PEMEX-Historical-and-Projected-Crude-Oil-Production-20190319.png

Pemex Stabilizes Declining Oil Output, CEO Says -- Bonus Coverage

Crude oil production by Mexican state oil company Petróleos Mexicanos (Pemex) has stabilized after years of steady decline and will begin to rise again this year, CEO Octavio Romero Oropeza said Monday.

Rice Brothers Nominate EQT Board Candidates as Proxy Battle Escalates

Fed up with a lack of action on their plans to drive more value at EQT Corp., shareholders Toby and Derek Rice on Thursday said they intend to nominate nine candidates to the board who would back their vision.

3D"Sign

NGI's Bidweek Alert Day 2 - March 26th for April 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 -- -0.0750 to -0.0750
Tennessee Zone 0 South -- -0.0900 to -0.0850
Texas Eastern S. TX -- -0.0975 to -0.0925
Transco Zone 1 -- --
East Texas
Carthage -- -0.1650 to -0.1650
Houston Ship Channel -- 0.0050 to 0.0050
Katy -- --
NGPL TexOk -- -0.1650 to -0.1600
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.250 to 1.500 --
El Paso - Keystone Pool -0.200 to 0.450 --
El Paso - Plains Pool 1.350 to 1.500 --
El Paso - Waha Pool -0.250 to 0.250 --
Transwestern 0.000 to 0.120 --
Transwestern - Central -- --
Transwestern - W. TX 0.000 to 0.120 --
Waha -0.500 to 0.450 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.710 to 2.710 -0.0800 to -0.0300
Chicago - Nicor Gas -- -0.0800 to -0.0800
Chicago - NIPSCO 2.710 to 2.710 -0.0800 to -0.0300
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0600 to -0.0250
Dawn -- -0.0425 to -0.0275
Emerson -- -0.2450 to -0.2300
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.0850 to -0.0700
NGPL Amarillo Mainline -- --
Parkway/Union -- -0.0300 to -0.0300
REX Zone 3 Delivered -- -0.1500 to -0.1350
REX into ANR - Shelby -- -0.1500 to -0.1350
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.270 to 2.300 --
Enable East -- --
Enable West -- --
NGPL Midcontinent 2.230 to 2.230 -0.5000 to -0.5000
Northern Border Ventura -- --
Northern Natural Demarc 2.520 to 2.520 -0.2475 to -0.2400
Northern Natural Ventura -- -0.2250 to -0.2250
OGT 2.000 to 2.100 -0.7000 to -0.6000
Panhandle Eastern 2.150 to 2.200 -0.5650 to -0.5300
Southern Star 2.350 to 2.350 --
North Louisiana/Arkansas
Perryville -- -0.1100 to -0.1100
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1450 to -0.1375
Trunkline Zone 1A -- -0.1550 to -0.1450
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1650 to -0.1600
Columbia Gulf onshore -- -0.1100 to -0.1100
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to -0.0025
Southern Natural -- -0.0650 to -0.0575
Tennessee Line 500 -- -0.0650 to -0.0625
Tennessee Line 800 -- -0.1000 to -0.0975
Texas Eastern E. LA -- -0.1400 to -0.1300
Texas Eastern W. LA -- --
Texas Gas Zone SL -- -0.1200 to -0.1200
Transco Zone 3 -- -0.0525 to -0.0400
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0100 to 0.0100
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0525 to -0.0500
Transco Zone 5 -- 0.0100 to 0.0250
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0100 to 0.0250
Appalachia
Columbia Gas -- -0.2375 to -0.2250
Dominion North -- -0.3000 to -0.2900
Dominion South -- -0.3100 to -0.2725
Leidy Hub -- --
Millennium East Pool -- -0.3500 to -0.3500
Tenn Zone 4 200L -- -0.1900 to -0.1700
Tennessee Zn 4 313 Pool -- -0.2000 to -0.1800
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3550
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.3300 to -0.2850
Texas Eastern M-3, Delivery -- -0.2300 to -0.2000
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3000 to -0.2700
Northeast
Algonquin Citygate -- 0.2475 to 0.2500
Algonquin Citygate (non-G) -- 0.2475 to 0.2500
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.1200 to 0.1200
Iroquois, Waddington -- 0.0500 to 0.0800
Niagara -- -0.0800 to -0.0800
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.2200 to 0.2200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 0.2200 to 0.2200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2300 to -0.1750
Transco Zone 6 non-NY North -- -0.2300 to -0.1750
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.1500 to -0.1500
Rocky Mountains
Cheyenne Hub 2.250 to 2.290 --
CIG 2.250 to 2.280 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.400 to 1.800 --
Kern River 2.465 to 2.570 --
Kingsgate -- --
Northwest S. of Green River 2.270 to 2.325 --
Northwest Sumas 2.630 to 2.750 --
Northwest Wyoming Pool -- --
Opal 2.410 to 2.590 --
Questar -- --
Stanfield 2.550 to 2.580 --
Transwestern San Juan -- --
White River Hub 2.350 to 2.400 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.920 to 3.150 --
California
Malin 2.530 to 2.660 --
PG&E Citygate 3.650 to 3.710 --
SoCal Citygate 4.190 to 4.400 --
Southern Border, PG&E 1.600 to 2.000 --
Southern Border, SoCal 1.750 to 3.100 --
SoCal Border Avg. 1.750 to 3.100 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.750 to 2.080 --
SoCal Border - Kern River Station 3.000 to 3.000 --
SoCal Border - Kramer 2.980 to 3.100 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.690 to 2.790 --
NOVA/AECO C 1.320 to 1.390 --
Westcoast Station 2 0.775 to 0.870 --
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.