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As Second-Wave U.S. LNG Projects Near FID, Customer Contracts More Difficult to Secure
Daily GPI
As Second-Wave U.S. LNG Projects Near FID, Customer Contracts More Difficult to Secure

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May 24, 2019

Markets

EIAStorage052319

Southeast Heat Can’t Erase Weakness in Weekly Natural Gas Spot Prices

NGI Weekly Gas Price Index
The prospect of record Southeast heat provided the lone bright spot for natural gas bulls in the spot market during the week ended May 24; with widespread discounts in the lead-up to Memorial Day, the NGI Weekly Spot Gas National Avg. tumbled 17.5 cents to $2.035/MMBtu.

Record Lows for Midcon Cash as Natural Gas Futures Steady

Daily GPI
The natural gas futures market turned in a quiet day of trading Friday as the latest readings on fundamentals didn’t offer much to excite traders and peel them away from their holiday plans. In the spot market, pipeline maintenance drove record lows in the Midcontinent and sent stopped-up West Texas deep into the red; the NGI Spot Gas National Avg. dropped 27.0 cents to $1.805/MMBtu.

EP Energy Trading OTC as NYSE Moves to Delist Stock

Shale Daily
Houston’s EP Energy Corp., which launched five years ago brimming with Lower 48 assets once owned by El Paso Corp. (now part of Kinder Morgan Inc.), has begun trading over the counter after the New York Stock Exchange suspended trading.
Luis-Vasquez-20190524

Q&A with Luis Vázquez on Mexico’s Natural Gas Market Development

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.

Smaller-Than-Expected Injection Boosts Natural Gas Futures

  • June Nymex futures up 3.5 cents to $2.578; July up 3.3 cents to $2.592
  • Cameron LNG progressing toward full-service, sees highest receipt total to date: Genscape
  • Waha continues climbing following maintenance-related restriction

Prices Falling for Some Con Ed Customers on Cheaper Power Supplies

Daily GPI
Consolidated Edison Co. had good news for some of its customers on Thursday as it’s recently grappled with how to handle natural gas supply shortages in parts of New York, announcing that electricity bills would be lower this summer.

More in Markets...

E&P

Consensus-2019-Capex-Estimates-for-Publiscly-Traded-Appalachia-Focused-E-and-Ps-20190524-v2

Appalachian E&Ps Poised to Spend Less on Stronger Natural Gas Headwinds

Daily GPI

Appalachia’s natural gas-heavy exploration and production companies continue to face headwinds, with downward pressure on strip pricing expected to lead to even deeper spending cuts as they try to operate within cash flow and deliver on this year’s plans.

Riviera Inks Deal to Sell More Legacy Assets in Michigan

Shale Daily
Riviera Resources Inc. has agreed to sell its interest in oil and natural gas properties in Michigan to an undisclosed buyer for $44.5 million.
In-Basin-Sand-Permian-Minegate-Price-Forecast-20190524

Frack Sand Providers Face Supply Imbalance as E&Ps Dig In on Costs

Shale Daily
Proppant sand providers, which faced headwinds during the first quarter from low prices and conservative spending by...
Monthly-Mexico-Drilling-Rig-Count-20190523

Mexico Upstream Investment Advances as Industry Pleads Case to Revive Auctions

Private sector companies in Mexico are urging the new government to reconsider new oil and gas auctions as projects awarded during the previous administration continue to advance.
Shell-Appomattox-Platform-20190523

Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Daily GPI
Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico months ahead of schedule, operator Shell Offshore Inc. said Thursday.

Diamondback’s Rattler Strikes in Upsized Energy Offering

Shale Daily
Rattler Midstream LP, a subsidiary of Permian Basin pure-play Diamondback Energy Inc., began trading on Nasdaq Thursday via a better-than-expected public offering.

More in E&P...

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

Infrastructure

Clean-Energy-Fuels-Corp-North-American-CNG-and-LNG-Fueling-Station-Locations-20190524

UPS Signs Largest Deal Ever for RNG Fuel

Daily GPI
Global package carrier United Parcel Service Inc. has signed the largest contract ever for renewable natural gas, calling for up to 170 million gallon equivalents through 2026 with Clean Energy Fuels Corp.
sdbaker0524

Oil Patch Loses Five Rigs in United States, 16 Added in Canada

Shale Daily
The U.S. oil patch continued to thin its ranks, losing five rigs during the week ended Friday (May 24), while one natural gas rig returned to work in the Lower 48, according to data from Baker Hughes, a GE Company.
Daily-Natural-Gas-Volumes-Delivered-to-US-LNG-Export-Facilities-20190524

As Second-Wave U.S. LNG Projects Near FID, Customer Contracts More Difficult to Secure

Daily GPI
Additional infrastructure is critical to balancing the U.S. natural gas market as the country is already awash in supplies, with more...
Monthly-Florida-NatGas-Deliveries-to-Electric-Power-Consumers-20190523

Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Daily GPI
Chesapeake Utilities Corp. affiliate Peninsula Pipeline Co. and SeaCoast Gas Transmission affiliate TECO Peoples Gas plan to jointly develop a pipeline to bring additional natural gas capacity to the Jacksonville area of northeastern Florida, the companies said Wednesday.

MarkWest Outage Resolved After Cutting 2 Bcf/d-Plus of Appalachian Production

Daily GPI
Operations were back to normal on Wednesday in the Appalachian Basin, only days after MarkWest Energy Partners LP declared a force majeure following an operational issue at its Hopedale Fractionation Facility in southeast Ohio that knocked out a large amount of natural gas production.
Eastern-Panhandle-Expansion-Project-20170425

TC Energy, Maryland Battling Over Proposed Three-Mile Natural Gas Pipeline

Daily GPI
After a nearly three-year battle with the state of Maryland, TC Energy, formerly TransCanada Corp., is taking the legal route to gain access to a small stretch of land it said it needs to complete a pipeline project that would deliver natural gas to West Virginia’s eastern panhandle.

More in Infrastructure...

Regulatory

Alberta Aiming to Scrap Carbon Tax with New Legislation

Daily GPI
Canada’s chief fossil fuel-producing province on Wednesday set a target of next Thursday (May 30) for scrapping its carbon tax at age 29 months.

Sunoco Still Working to Secure More Mariner East Shippers

Shale Daily
FERC has approved Sunoco Pipeline LP’s request to provide priority service on its Mariner East (ME) pipelines for prospective shippers that want to commit to previously contracted capacity that was canceled after part of the system failed to come online by its scheduled in-service date due to regulatory issues.

PHMSA Issues Landslide Warning to Natural Gas Pipeline Owners

Daily GPI
The Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued an advisory bulletin to remind owners and operators of natural gas and hazardous liquid pipelines of the potential for damage caused by earth movement from landslides and subsidence in variable, steep and rugged terrain and for varied geological conditions.

Correction

Shale Daily

Colorado to Continue Permitting Oil, Gas Projects as Rules Implemented

Shale Daily
The new nine-member Colorado Oil and Gas Conservation Commission (COGCC) on Tuesday listened to mixed public testimony on its future oversight and voted unanimously to continue issuing drilling permits while it implements state Senate Bill (SB) 181.

Citizens Group Loses Battle Against Marcellus Gas Well Sites in Pennsylvania

Shale Daily
The Pennsylvania Supreme Court has denied an appeal filed by a citizen advocacy group challenging four unconventional natural gas well sites operated by Apex Energy LLC near Pittsburgh, capping a fight that has lasted roughly two years.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 1 - May 24th for June 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 -- -0.1300 to -0.1250
Texas Eastern S. TX -- --
Transco Zone 1 -- --
East Texas
Carthage -- -0.2100 to -0.2100
Houston Ship Channel -- --
Katy -- --
NGPL TexOk -- -0.2700 to -0.2600
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.300 to 0.950 --
El Paso - Keystone Pool -0.270 to -0.150 --
El Paso - Plains Pool 0.890 to 0.950 --
El Paso - Waha Pool -0.300 to -0.200 --
Transwestern -0.250 to -0.200 --
Transwestern - Central -0.250 to -0.250 --
Transwestern - W. TX -0.200 to -0.200 --
Waha -0.300 to -0.190 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.315 to 2.390 --
Chicago - Nicor Gas 2.315 to 2.340 --
Chicago - NIPSCO 2.390 to 2.390 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1925 to -0.1925
Dawn -- -0.2100 to -0.2000
Emerson -- -0.3850 to -0.3850
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.2500 to -0.2400
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX Zone 3 Delivered -- -0.3350 to -0.2900
REX into ANR - Shelby -- -0.3250 to -0.3200
REX into MGT - Edgar -- -0.3000 to -0.3000
REX into NGPL - Moultrie -- -0.2900 to -0.2900
REX into PEPL - Putnam -- -0.3350 to -0.3350
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- --
Enable East -- --
NGPL Midcontinent -- -0.9500 to -0.9500
Northern Border Ventura -- --
Northern Natural Demarc 2.215 to 2.220 --
Northern Natural Ventura 2.130 to 2.205 -0.4000 to -0.4000
OGT -- -1.0000 to -0.9600
Panhandle Eastern -- --
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.2100 to -0.2100
Trunkline Zone 1A -- -0.2725 to -0.2650
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.2350 to -0.2350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0650 to -0.0650
Tennessee Line 500 -- -0.0750 to -0.0750
Tennessee Line 800 -- --
Texas Eastern E. LA -- -0.1375 to -0.1375
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0250 to 0.0250
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0525 to -0.0525
Transco Zone 5 -- -0.0050 to 0.0050
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0050 to 0.0050
Appalachia
Columbia Gas -- -0.3050 to -0.3050
Dominion North -- --
Dominion South -- -0.4850 to -0.4600
Leidy Hub -- --
Millennium East Pool -- -0.5450 to -0.5450
Tenn Zone 4 200L -- -0.3200 to -0.3100
Tennessee Zn 4 313 Pool -- -0.3650 to -0.3650
Tennessee Zn 4 Marcellus -- -0.6200 to -0.6200
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4800 to -0.4800
Texas Eastern M-3, Delivery -- -0.4000 to -0.3900
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5000 to -0.4900
Northeast
Algonquin Citygate -- -0.3100 to -0.3000
Algonquin Citygate (non-G) -- -0.3100 to -0.3000
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.2750 to -0.2500
Iroquois, Waddington -- -0.2500 to -0.2500
Niagara -- --
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 -- -0.3600 to -0.3600
Transco Zone 6 non-NY North -- -0.3600 to -0.3600
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3550 to -0.3500
Rocky Mountains
Cheyenne Hub 1.850 to 1.870 --
CIG 1.830 to 1.855 --
CIG DJ Basin 1.600 to 1.600 --
El Paso Bondad -- --
El Paso San Juan 1.550 to 1.550 --
Kern River 1.920 to 1.940 --
Kingsgate -- --
Northwest Rockies 1.850 to 1.850 --
Northwest S. of Green River 1.850 to 1.850 --
Northwest Sumas 1.750 to 1.800 --
Northwest Wyoming Pool -- --
Opal 1.935 to 1.935 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.900 to 1.900 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.450 to 2.450 --
California
Malin 1.950 to 2.050 --
PG&E Citygate 3.200 to 3.280 --
SoCal Citygate 3.160 to 3.300 --
Southern Border, PG&E 1.750 to 1.800 --
Southern Border, SoCal 1.650 to 2.450 --
SoCal Border Avg. 1.650 to 2.450 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.650 to 1.850 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.400 to 2.400 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 2.440 to 2.450 --
Canada
Alliance (APC) - ATP -- --
Empress 2.300 to 2.320 --
NOVA/AECO C 0.980 to 1.040 --
Westcoast Station 2 -- --
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.