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Wolf Midstream Gauging Interest to Expand Permian Oil Pipeline in West Texas
Shale Daily
Wolf Midstream Gauging Interest to Expand Permian Oil Pipeline in West Texas

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November 14, 2018

Markets

Camerons-Corner-20181114

Natural Gas Futures Booming as Wintry Weather Lifts Spot Market

Daily GPI
Spurred on by historically low storage levels, a strong start to winter and forecasts that seem to continue ratcheting up...

Domestic Oil, Natural Gas Production Whittling Trade Deficit, Says IHS Markit

Shale Daily
Booming U.S. oil and natural gas production has exerted a “moderating” influence on the trade deficit and set the country on track to become a net oil exporter for the first time in decades, according to new research.

How High Will Prices Go? NatGas ‘On Fire’ as December Nymex Flirts with $5/MMBtu in Early Trading

Daily GPI
December natural gas futures rocketed higher early Wednesday and were up 44.9 cents to $4.550/MMBtu at 8:30 a.m. ET, with more forecast cold trends and ongoing storage fears keeping the market from establishing a top.

Early Winter Cold Lights Fire Under Natural Gas Markets as Henry Hub Tops $4/MMBtu

Daily GPI
With impressive early winter cold amplifying the risks posed by lean stockpiles, the recent rally in the natural gas futures market showed no signs of letting up Tuesday -- and if anything seemed to accelerate. Meanwhile, another day of widespread weather-driven gains yielded some of the strongest early winter spot prices since 2014; the NGI Spot Gas National Avg. tacked on another 35.5 cents to $4.410/MMBtu.

Canadian NGL Production Forecast to Surge in Coming Years

Daily GPI
Liquid byproducts stand out as a growth item in an otherwise flat outlook for Canadian natural gas, according to two new industry reviews.

Lean Inventories, More Overnight Cold Trends Point December Natural Gas Higher

Daily GPI
December natural gas futures continued to race higher early Tuesday, adding 25.2 cents to $4.040/MMBtu shortly before 9 a.m. ET, with colder forecast trends overnight prompting further gains as the market frets over lean storage inventories.

More in Markets...

E&P

Magnolia Boosting 2018 Production Guidance, Eyeing Second Rig in Giddings Field

Shale Daily
Houston-based Magnolia Oil & Gas Corp. is raising its full-year 2018 production guidance to 53,000 boe/d from its previous 50,000 boe/d estimate, as a result of its strong results in South Texas, management said Tuesday.
World-Oil-Demand-and-Production-2017-2040-IEA-New-Policies-Scenario-NPS-20181113

Global Natural Gas Output to 2025 Fueled by U.S. Onshore Supply, Says IEA

Daily GPI
The United States is forecast to contribute 40% of global natural gas production to 2025, with low cost domestic output keeping Henry Hub prices...
Monthly-PEMEX-Natural-Gas-Production-and-US-Natural-Gas-Exports-to-Mexico-via-Pipeline-20181113

Mexico Natural Gas Output Decline Seen Continuing for Several Years

Mexico may not be able to reverse its current trend of declining natural gas output for another four to six years, a period during which gas demand from the power sector is projected to accelerate, according to the latest analysis by OPIS PointLogic.

ProPetro Trades Cash, Shares for Pioneer Natural’s Permian HHP Assets

Shale Daily
Pioneer Natural Resources Co. is selling its pressure pumping assets to ProPetro Holding Corp., which plans to provide oilfield services (OFS) in the Permian Basin for the independent for 10 years.
EIA-NatGas-Production-20181113

EIA Expects 75 Bcf/d-Plus Out of Big Seven Plays in December

Shale Daily
Natural gas and oil production from the seven most prolific U.S. onshore unconventional plays in December will continue...

Ultra Trims Well Costs, Continues Focus on Pinedale Verticals

Shale Daily
Ultra Petroleum Corp. continued focusing on its vertical well program in Wyoming's Pinedale Anticline during the third quarter and plans to continue running a three-rig drilling program for the rest of the year as it looks to further reduce well costs.

More in E&P...

© NGI's All News Access: ISSN 2577-9877

Infrastructure

Cheniere’s Corpus Christi Project Readying First LNG Shipment

Daily GPI
The first train at Cheniere Energy Inc.’s Corpus Christi natural gas export facility in South Texas began producing the super-chilled fuel early Wednesday morning, spokesman Ray Fohr told NGI.

New York Court Rejects Eminent Domain for Northern Access Expansion

Daily GPI
The legal troubles facing National Fuel Gas Co.’s long-delayed Northern Access expansion project were compounded last week when a New York appeals court denied eminent domain for the project to cross land in the western part of the state.
Active-California-Wildfires-20181114

PG&E’s Possible Link to Camp Fire Carries Big Financial Burden

Daily GPI
Pacific Gas and Electric Co. on Wednesday was staring into a financial abyss as it confronts the possibility that the Camp Fire burning in Northern California could be linked to the failure of its equipment. Meanwhile,  the destructive Woolsey Fire in Southern California may have ties to Southern California Edison Co. equipment.
Red-Wolf-Pipeline-Connections-20181114

Wolf Midstream Gauging Interest to Expand Permian Oil Pipeline in West Texas

Shale Daily
Dallas-based Wolf Midstream Partners LLC is testing support for a proposed crude oil pipeline to expand...

Sunoco Commissioning ME 2 with Service Set by Year's End

Daily GPI
Energy Transfer LP subsidiary Sunoco Pipeline LP has finally begun the commissioning process on Mariner East 2 in Pennsylvania, as the line is being filled with natural gas liquids in some areas.

Energy Transfer Targeting 2019 FID for Lake Charles LNG

Daily GPI
The recently consolidated Energy Transfer LP (ET) remains committed to the Lake Charles liquefied natural gas (LNG) export project in Louisiana, and management expects to reach a final investment decision (FID) by next year.

More in Infrastructure...

Regulatory

Monthly-US-Natural-Gas-Exports-via-LNG-Vessel-20181113

Plaquemines LNG Project Given Positive DEIS by FERC

Daily GPI
FERC staff has issued a positive draft environmental impact statement for the Plaquemines LNG and Gator Express Pipeline project, which include a liquefied natural gas export terminal and related pipeline 30 miles south of New Orleans.

Despite Divided Government, Oil and Gas Industry Optimistic After Midterms

Daily GPI
Trade associations representing the oil and gas industry said that despite a return to divided government in Congress for the next two years, last week's midterm elections both produced and retained candidates that the industry believes they can work with effectively.
Keystone-Pipeline-System-2017111713

Court Ordered Environmental Review Halts Keystone XL Construction

Shale Daily
TransCanada Corp. on Thursday suffered another legal setback when Judge Brian Morris of the U.S. District Court for Montana ordered all work to stop on the Keystone XL pipeline, a growth enabler for the Alberta thermal oil sands production that is Canada's largest industrial natural gas user.

Fourth Circuit Stays ACP Water-Crossing Permit

Daily GPI
The U.S. Court of Appeals for the Fourth Circuit has stayed the Atlantic Coast Pipeline’s Nationwide Permit 12, forcing the company to temporarily suspend water crossings in West Virginia.

Youth Climate Change, Anti-Carbon Lawsuit Has Life

Daily GPI
The U.S. Supreme Court last week denied a government request to stay a climate change lawsuit filed three years ago by a group of young people, allowing the legal action to move forward in federal district court in Oregon.

Chatterjee Urges EPA 'Self-Restraint' on Clean Power Plan

Daily GPI
FERC and the U.S. Environmental Protection Agency (EPA) are tasked with implementing federal climate policies, not establishing them, and as such the two agencies should act with "self-restraint" in their work on the Obama-era Clean Power Plan (CPP), according to Federal Energy Regulatory Commission Chairman Neil Chatterjee.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - October 31th for November 2018
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 -- -0.0900 to -0.0900
Texas Eastern S. TX -- 0.0400 to 0.0800
Transco Zone 1 -- -0.0650 to -0.0650
East Texas
Carthage -- -0.1400 to -0.1300
Houston Ship Channel 3.350 to 3.350 --
Katy -- --
NGPL TexOk -- -0.1250 to -0.1025
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.610 to 2.100 --
El Paso - Keystone Pool 1.610 to 1.730 --
El Paso - Plains Pool 2.100 to 2.100 --
El Paso - Waha Pool 1.690 to 1.720 --
Transwestern 1.610 to 1.760 --
Transwestern - Central -- --
Transwestern - W. TX 1.610 to 1.760 --
Waha 1.350 to 1.720 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.410 to 3.560 --
Chicago - Nicor Gas 3.525 to 3.540 --
Chicago - NIPSCO 3.410 to 3.560 --
Chicago - North Shore -- --
Chicago - Peoples 3.510 to 3.510 --
Consumers Energy -- 0.1200 to 0.1800
Dawn 3.300 to 3.450 0.2200 to 0.3200
Emerson -- 0.1800 to 0.2800
Joliet -- --
Lebanon -- -0.1000 to -0.0900
Michigan Consolidated 3.225 to 3.280 0.0800 to 0.1300
NGPL Amarillo Mainline -- --
Parkway/Union 3.370 to 3.445 0.3050 to 0.3550
REX Zone 3 Delivered -- -0.0900 to -0.0850
REX into ANR - Shelby -- -0.0850 to -0.0850
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.0900 to -0.0900
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.800 to 2.855 -0.3250 to -0.3000
Enable East -- -0.2450 to -0.2300
Enable West -- --
NGPL Midcontinent 2.530 to 2.720 -0.4800 to -0.4800
Northern Border Ventura 3.340 to 3.395 --
Northern Natural Demarc 3.255 to 3.455 --
Northern Natural Ventura 3.295 to 3.575 --
OGT 1.900 to 1.900 -1.2900 to -1.2700
Panhandle Eastern 2.670 to 2.890 -0.4400 to -0.3500
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1325 to -0.1150
Trunkline Zone 1A -- -0.1300 to -0.1175
South Louisiana
ANR SE -- -0.1300 to -0.1000
Columbia Gulf Mainline -- -0.1450 to -0.1350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0100
Southern Natural -- -0.0375 to -0.0300
Tennessee Line 500 -- -0.0450 to -0.0300
Tennessee Line 800 -- -0.0700 to -0.0650
Texas Eastern E. LA -- -0.1250 to -0.1250
Texas Eastern W. LA -- -0.0500 to -0.0500
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0150
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0500 to 0.0500
Texas Eastern M-1, 30 -- -0.0900 to -0.0900
Transco Zone 4 -- -0.0250 to -0.0100
Transco Zone 5 -- 0.1550 to 0.1600
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.1550 to 0.1600
Appalachia
Columbia Gas -- -0.2475 to -0.2275
Dominion North -- --
Dominion South -- -0.4550 to -0.3800
Leidy Hub -- --
Millennium East Pool -- -0.3600 to -0.3000
Tenn Zone 4 200L -- -0.1650 to -0.1300
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3000
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4300 to -0.3800
Texas Eastern M-3, Delivery -- -0.1800 to -0.1500
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2900
Northeast
Algonquin Citygate -- 0.3500 to 0.6000
Algonquin Citygate (non-G) -- 0.3500 to 0.6000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.5000 to 0.5300
Iroquois, Waddington -- 0.4000 to 0.4800
Niagara -- 0.1200 to 0.1500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.5500 to 1.6000
Tenn Zone 6 200L North -- 1.5500 to 1.6000
Tenn Zone 6 200L South -- 0.5500 to 0.5700
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.1200 to -0.0350
Transco Zone 6 non-NY North -- -0.1200 to -0.0350
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0500 to 0.0400
Rocky Mountains
Cheyenne Hub 2.950 to 3.140 --
CIG 2.950 to 3.140 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.920 to 2.360 --
Kern River 3.220 to 3.250 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 12.000 to 15.250 --
Northwest Wyoming Pool -- --
Opal 3.155 to 3.280 --
Questar -- --
Stanfield 3.440 to 3.750 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.675 to 3.960 --
California
Malin 3.295 to 3.390 --
PG&E Citygate 3.750 to 4.200 --
SoCal Citygate 5.610 to 5.905 --
Southern Border, PG&E 2.400 to 2.420 --
Southern Border, SoCal 2.270 to 4.000 --
SoCal Border Avg. 2.270 to 4.000 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.355 to 2.910 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 3.950 to 4.000 --
SoCal Border - Needles 2.270 to 2.270 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 3.850 to 3.850 --
Canada
Alliance (APC) - ATP 1.950 to 1.975 --
Empress 3.495 to 3.680 --
NOVA/AECO C 1.650 to 1.825 --
Westcoast Station 2 0.570 to 0.895 --
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.