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Schlumberger Expecting NAM Land Activity to Plunge 10%
Daily GPI
Schlumberger Expecting NAM Land Activity to Plunge 10%

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July 19, 2019

Markets

EIAStorage0718

Heat Not Enough to Lift Weekly Natural Gas Spot Market as Futures Plummet

NGI Weekly Gas Price Index
Despite peak summer heat over much of the Lower 48, the promise of more comfortable conditions ahead helped take the edge off to keep natural gas spot prices in check during the trading week ended July 19; the NGI Weekly Spot Gas National Avg. slid 4.5 cents to $2.155/MMBtu.

Bears Tighten Grip on Natural Gas Futures as Summer Heat Fails to Impress

Daily GPI

Natural gas futures prices sold off again Friday to cap off a decidedly bearish week, with the latest forecasts not promising enough summer cooling demand to appease a well-supplied market. With the intense and widespread heat expected to subside after the weekend, spot prices sold off throughout the Lower 48; the NGI Spot Gas National Avg. tumbled 16.5 cents to $2.010/MMBtu.

Sur-de-Texas-Tuxpan-Pipeline-and-Nearby-Natural-Gas-Pipeline-Infrastructure-20190123-v2

Column: Solving the Natural Gas Supply Crunch in the Yucatán Peninsula

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme.
EIAStorage0718

Season’s First Below-Average Storage Not Enough to Boost Natural Gas Futures Market

  • August Nymex futures down 1.7 cents to $2.287; September down 1.5 cents to $2.263
  • Waha prices could get help sooner than expected as KMI says Gulf Coast Express on track for early start-up

Natural Gas Futures Steady; ‘Slight Bearish Lean’ From Latest Guidance

Daily GPI
With the broader forecast themes carrying over in the latest guidance, and with the market continuing to digest this week’s government inventory data, natural gas futures were trading close to even early Friday. The August Nymex futures contract was trading 0.2 cents higher at $2.289/MMBtu at around 8:30 a.m. ET.
EIAStorage0712

Bears Keep Pressure on NatGas Futures Despite Below-Average Storage Build

Daily GPI
A leaner-than-expected storage injection couldn’t relieve the bearish pressure on the natural gas futures market Thursday as prices eased lower in the wake...

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E&P

Former WildHorse Execs Secure $1B to Launch New E&P

Shale Daily
Former WildHorse Resource Development Corp. executives have landed more than $1 billion in private equity financing to form a new company that would acquire underdeveloped oil and natural gas assets across the Lower 48.
Estimated-Appalachian-Basin-Natural-Gas-Break-Even-Prices-20190719

Range Sells Core Royalty Interest, Other Properties for $634M

Shale Daily
Range Resources Corp. said Friday that it has agreed to sell a 2% overriding royalty interest in 350,000 net surface acres in its...
Monthly-US-Gulf-of-Mexico-Field-Production-of-Crude-Oil-and-Natural-Gas-Marketed-Production-20190719

Interior’s GOM Auction in August to Offer 14,500-Plus Leases

Daily GPI
The Interior Department will try once again in August to see if its strategy of offering every available unleased area in the Gulf of Mexico to oil and gas operators is viable.
Monthly-US-and-Canadian-Total-Rig-Count-20190719

Schlumberger Expecting NAM Land Activity to Plunge 10%

Daily GPI
Schlumberger Ltd., the No. 1 oilfield services operator in the world, is forecasting a sharp pullback in U.S. and Canadian onshore activity...
Monthly-Permian-Crude-Oil-and-NatGas-Production-vs-Eagle-Ford-Crude-Oil-and-NatGas-Production-20190719

SM Energy Boosts 2019 Production Expectations in Permian, Eagle Ford

Shale Daily
SM Energy Co. has increased its full-year production guidance for the second time in a month on better-than-expected output in the Permian Basin and South Texas.
Projected-Pemex-Natural-Gas-Production-20190718

Mexico’s Natural Gas Plans Include Unconventional, Deepwater Projects

The 2019-2023 business plan presented by Mexico’s state oil company Petróleos Mexicanos (Pemex) this week includes designs to develop deepwater and unconventional fields as a way to increase natural gas production.

More in E&P...

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

Infrastructure

sdbaker0719

Oil-Focused Slowdown Drops U.S. Rig Count Four Units to 954

Shale Daily
Driven by declines in Louisiana, Oklahoma and Texas, the U.S. rig count fell four units to 954 for the week ended July 19, according to data from Baker Hughes, a GE Company.
daily-deliveries-to-cove-point-20190718

Proposed New Jersey LNG Export Terminal Facing Early Opposition

Daily GPI
Environmental groups have embarked on a complex effort at various state and federal agencies to stop an affiliate of New Fortress Energy LLC from developing a small-scale natural gas export terminal in New Jersey along the Delaware River.
NGI-Daily-GPI-Waha-NatGas-Price-Index-20190718-v2

Kinder Morgan Eyes Late September Start-Up for Permian Pipe; Elba LNG Expected Online Soon

Daily GPI
Kinder Morgan Inc. executives have confirmed the rumors that have circulated in the oil and natural gas industry for months, indicating that a full ramp-up of its highly anticipated Gulf Coast Express natural gas pipeline is expected a week to 10 days earlier than its planned Oct. 1 start date.

Long-Idled SoCalGas Transmission Pipeline Poised to Restart

Daily GPI
After almost two years out of service, Southern California Gas Co. plans to restart Line 235, a 30-inch diameter pipeline that carries natural gas from the Arizona border through the high desert and into the Los Angeles Basin.

Riviera Resources Subsidiary to Build New Oklahoma Crude Line, Lands Roan as Anchor Shipper

Shale Daily
A subsidiary of Riviera Resources Inc. plans to build a new crude gathering line in Oklahoma’s Anadarko basin as part of a newly inked shipping deal with exploration and production (E&P) company Roan Resources LLC, Riviera said Wednesday.
Waha-and-Katy-Forward-Fixed-Price-Curves-20190718

Texas Landowners Pivot to ESA to Block 2 Bcf/d Permian Highway

Daily GPI
The proposed 42-inch diameter Permian Highway Pipeline, designed to move 2 Bcf/d from the Permian Basin to the Gulf Coast, is facing another assault as plaintiffs prepare to sue the sponsors using the Endangered Species Act.

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Regulatory

Nuclear Subsidies Nearing Reality in Ohio After Senate Passes Legislation

Daily GPI
The Ohio Senate has passed a bill to prop up two nuclear power plants in the state operated by bankrupt subsidiaries of FirstEnergy Corp. 

Columbia Files at FERC for Mainline Pool-to-KMLP Louisiana XPress Project

Daily GPI
TC Energy Corp. subsidiary Columbia Gulf Transmission LLC has filed an abbreviated application at FERC to build, own and operate the Louisiana XPress (LAXP) natural gas pipeline project, which would provide open access firm transportation service through the expansion of existing capacity on Columbia's current pipeline system.

Aries Energy Receives New Jersey OK for State's First Biosolids Gasification Facility

Daily GPI
Tennessee-based Aries Clean Energy is on its way to construct New Jersey’s first biosolids-only gasification facility after receiving all approvals from the state’s Department of Environmental Protection.

Kinder Morgan Receives FERC Approval for Gulf LNG Export Project

Daily GPI
Federal regulators on Tuesday approved additional liquefied natural gas (LNG) exports from the Gulf Coast, granting Kinder Morgan Inc. (KMI) authorization to site, construct and operate the proposed Gulf LNG project.

North Dakota Supreme Court Sides with State in Newfield Royalties Case

Shale Daily
The North Dakota Supreme Court has sided with the state in a ruling against Newfield Exploration Co., now part of Encana Corp., which it said had underpaid oil and gas royalties.

California Wildfire Fund Awaits $10.5B Contribution from Utilities

Daily GPI
California’s new $21 billion wildfire fund is awaiting decisions from three major investor-owned power utilities to provide half of the money needed to offer relief to victims of future fires.

More in Regulatory...

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.