Story of the Day

U.S. LNG Onslaught Proving ‘Too Much to Handle’ for Asian Markets
Daily GPI
U.S. LNG Onslaught Proving ‘Too Much to Handle’ for Asian Markets

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NGI All News Access

March 21, 2019

Markets

EIAStorage03151

Waha Crater Deepens; Natural Gas Futures Unmoved by Latest EIA Data

Daily GPI
An on-target Energy Information Administration (EIA) storage report, along with a mix of bearish and bullish macro factors heading into the...
hh-bollinger0320

Natural Gas Forwards Stabilize as Spring Takes Hold

Forward Look
With mild sunny weather already blanketing much of the country, natural gas forward prices retreated for a second week, although losses were small as brief periods of chilly air were still expected to pop up during the next few weeks.
us-lng-export-20190322

U.S. LNG Onslaught Proving ‘Too Much to Handle’ for Asian Markets

Daily GPI
Analysts with BofA Merrill Lynch Global Research said Thursday the onslaught of U.S. natural gas exports may be too much for the Asian market to digest, which means there is more pressure for European demand to balance the global markets.
EIAStorage0321

Natural Gas Futures Reaction Muted After On-Target EIA Report, Small Bearish Revision

Daily GPI
The Energy Information Administration on Thursday reported an on-target 47 Bcf weekly withdrawal from U.S. natural gas stocks, and...

Light Natural Gas Storage Withdrawal Expected; Futures Called Lower

Daily GPI
With the market anticipating a relatively small withdrawal figure from upcoming Energy Information Administration (EIA) storage data, natural gas futures were trading slightly lower early Thursday. The April Nymex futures contract was off 1.1 cents to $2.809/MMBtu shortly after 8:30 a.m. ET.
Cameron0315.png

Balances Seen Loosening as Natural Gas Futures Slip; Storm Threatens Snow for Northeast

Daily GPI
Recovering production volumes and weaker demand amid the transition to spring helped pressure natural gas futures lower Wednesday as the front month continued to bounce around a tight trading range.

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E&P

Rice Brothers Nominate EQT Board Candidates as Proxy Battle Escalates

Shale Daily
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.
Argentina-Rigs.png

Argentina, Chile Sign New Seasonal Natural Gas Flow Agreements With Full-Year Flow Starting in 2021

Argentina will this year again send natural gas to Chile from September to May, 2020, Chile's energy minister Susana Jimenez said Wednesday; but by 2021, natural gas from Argentina will flow to its neighbor throughout the entire year, she said.

Murphy Putting Capital to Work in Eagle Ford, GOM with Sale of Malaysian Business

Daily GPI
To keep its focus -- and capital -- on a U.S. portfolio concentrated in the Gulf of Mexico and the Eagle Ford Shale, Murphy Oil Corp. on Thursday said it is exiting Malaysia in a deal worth more than $2 billion.

Nuevo Dos to Expand Newly Acquired Eagle Ford System

Shale Daily
Equity-backed Nuevo Midstream Dos LLC plans to purchase and expand an oil gathering, storage and intermediate transportation system in the Eagle Ford Shale in South Texas.

Links Between Fracking, Earthquakes Remain Elusive, Canadian Report Finds

Shale Daily
Links between hydraulic fracturing (fracking) and earthquakes, and predicting and preventing the tremors, remain riddles requiring far more scientific study, according to a report commissioned by the British Columbia (BC) government.
Roan-Acreage-in-Oklahoma-Stacked-Plays-20190320.png

Roan Reworks Anadarko Basin Plans on Well Interference Issues

Shale Daily
Roan Resources Inc. has redesigned its 2019 drilling plans for the stacked plays within the Anadarko Basin after four wells targeting the Woodford Shale...

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

Infrastructure

NGTL Tolls to Increase for BC Producers Under Rate Proposal

Daily GPI
Unconventional producers in northern British Columbia (BC) are facing premium pipeline tolls to connect their wells to TransCanada Corp.’s western supply collection grid, Nova Gas Transmission Ltd. (NGTL).
Monthly-US-Gross-NatGas-Exports-into-Chihuahua-Sonora-and-Baja-California-20190320.png

New Infrastructure Said Ready to Accelerate Mexico Gas Market Growth

The pending completion of several natural gas infrastructure projects in Mexico should help accelerate the local market’s development, according to Talanza Energy Consulting’s David Rosales, midstream and downstream partner.
Monthly-US-LNG-Exports-to-Japan-20190320

Venture Global Secures Another FERC OK for One Louisiana LNG Project

Daily GPI
The pieces of the puzzle are falling into place for one of two liquefied natural gas export facilities proposed by Venture Global LNG Inc. on the Louisiana coast after federal regulators on Tuesday approved full site preparation for the Calcasieu Pass project.
MVP-Southgate-Project-20180411

FERC Issues EIS Schedule for MVP's Southgate Expansion

Daily GPI
FERC expects to issue a final environmental impact statement by the end of this year for the Mountain Valley Pipeline LLC Southgate Project...

Tetco’s Stratton Ridge Expansion to Feed Freeport LNG Project

Daily GPI
Federal regulators on Monday approved the start-up of Texas Eastern Transmission’s (Tetco) portion of the Stratton Ridge Expansion project, which is designed to provide natural gas to the Freeport LNG Development LP export project on the upper Texas coast.

Williams, Canada Pension Plan JV to Enhance Marcellus/Utica Position

Daily GPI
With an eye on optimizing its position in the Marcellus and Utica basins, Williams has purchased the remaining 38% stake in the Utica East Ohio (UEO) Midstream from Momentum Midstream and will take over as operator through a partnership with investment group Canada Pension Plan Investment Board (CPPIB).

More in Infrastructure...

Regulatory

LNG Analysis 'Breakthrough' at FERC Not a Breakthrough After All, Says Glick

Daily GPI
An agreement touted by Chairman Neil Chatterjee last month as a "significant" breakthrough in FERC's evaluation of liquefied natural gas export terminal applications may not live up to the hype, according to at least one Commissioner.

FERC Opens Another Natural Gas Pipeline Rate Investigation

Daily GPI
FERC has opened an investigation and ordered a hearing to determine if Stagecoach Pipeline & Storage Co. may be substantially over-recovering its cost of service, and also closed proceedings involving more than three dozen other companies.

Federal Oil, Natural Gas Leasing in Jeopardy After Wyoming Ruling

Daily GPI
Wyoming's resurgent oil and natural gas production may be in jeopardy after a federal judge on Tuesday ruled against the Interior Department's Bureau of Land Management (BLM) for not adequately considering the effects of climate change in authorizing lease sales in the West.

Federal Court Stays PennEast Construction Pending Appeal

Daily GPI
The U.S. Court of Appeals for the Third Circuit this week stayed construction of the PennEast Pipeline pending the outcome of an appeal filed by New Jersey challenging the project’s ability to exercise eminent domain for preserved state land.
Monthly-Western-Canada-Select-vs-WTI-Cushing-Differential-20190320

Alberta Raises Oil Production Quota

Shale Daily
Alberta’s oil production quota will increase by 25,000 b/d in May and another 25,000 b/d in June, the provincial government announced.
Weekly-Wyoming-OIl-and-Gas-Drilling-Rig-Count-20190320

Judge Orders Wyoming Drilling Halted on Climate Change Issues

Daily GPI
A federal judge ruled late Tuesday that the Interior Department's Bureau of Land Management did an inadequate job of considering...

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3D"Sign

NGI's Bidweek Alert Day 5 - February 28th for March 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 -- -0.1000 to -0.0950
Texas Eastern S. TX -- -0.0800 to -0.0700
Transco Zone 1 -- -0.0500 to -0.0500
East Texas
Carthage -- -0.1625 to -0.1350
Houston Ship Channel 2.720 to 2.780 --
Katy -- --
NGPL TexOk -- -0.1650 to -0.1325
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.000 to 1.900 --
El Paso - Keystone Pool 1.020 to 1.270 --
El Paso - Plains Pool 1.750 to 1.900 --
El Paso - Waha Pool 1.000 to 1.180 --
Transwestern 1.000 to 1.250 --
Transwestern - Central 1.100 to 1.230 --
Transwestern - W. TX 1.000 to 1.250 --
Waha 1.000 to 1.220 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.660 to 3.000 --
Chicago - Nicor Gas 2.675 to 3.000 --
Chicago - NIPSCO 2.665 to 2.850 --
Chicago - North Shore -- --
Chicago - Peoples 2.660 to 2.660 --
Consumers Energy -- 0.0300 to 0.0550
Dawn 2.955 to 3.085 0.0650 to 0.1750
Emerson 2.900 to 2.950 -0.0600 to 0.1500
Joliet -- --
Lebanon -- -0.0300 to -0.0300
Michigan Consolidated 2.720 to 2.800 -0.0300 to 0.0500
NGPL Amarillo Mainline -- --
Parkway/Union 3.075 to 3.160 0.1275 to 0.2450
REX Zone 3 Delivered -- -0.0800 to -0.0300
REX into ANR - Shelby -- -0.0550 to -0.0300
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.0800 to -0.0300
REX into PEPL - Putnam -- -0.0500 to -0.0300
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.315 to 2.650 -0.2500 to -0.2500
Enable East 2.580 to 2.650 -0.2400 to -0.2300
Enable West -- --
NGPL Midcontinent 2.540 to 2.575 -0.5900 to -0.5900
Northern Border Ventura 3.100 to 3.145 0.0100 to 0.0100
Northern Natural Demarc 2.585 to 2.990 -0.1000 to -0.1000
Northern Natural Ventura 2.660 to 2.920 0.0000 to 0.1000
OGT 1.930 to 2.075 -0.8000 to -0.7700
Panhandle Eastern 2.540 to 2.540 -0.4500 to -0.3350
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1300 to -0.1250
Trunkline Zone 1A -- -0.1350 to -0.1100
South Louisiana
ANR SE -- -0.1000 to -0.0900
Columbia Gulf Mainline 2.690 to 2.690 -0.1650 to -0.1375
Columbia Gulf onshore -- -0.0850 to -0.0850
Florida Gas Zone 2 -- --
Henry Hub -- 0.0000 to 0.0000
Southern Natural -- -0.0700 to -0.0525
Tennessee Line 500 -- -0.0700 to -0.0600
Tennessee Line 800 -- -0.0950 to -0.0900
Texas Eastern E. LA -- -0.1100 to -0.1075
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0475 to -0.0350
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0350 to -0.0025
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0600 to -0.0275
Transco Zone 5 -- 0.1350 to 0.2500
Transco Zone 5 North -- 0.1750 to 0.1750
Transco Zone 5 South -- 0.1350 to 0.2500
Appalachia
Columbia Gas -- -0.2300 to -0.1750
Dominion North -- -0.2200 to -0.1850
Dominion South -- -0.2450 to -0.2000
Leidy Hub -- --
Millennium East Pool -- -0.2650 to -0.1850
Tenn Zone 4 200L -- -0.1650 to -0.1350
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.2800 to -0.2375
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.3200 to -0.2300
Texas Eastern M-3, Delivery -- 0.0200 to 0.1800
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.2400 to -0.1850
Northeast
Algonquin Citygate -- 1.6000 to 1.7100
Algonquin Citygate (non-G) -- 1.6000 to 1.7100
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.7500 to 0.9100
Iroquois, Waddington -- 0.3000 to 0.5000
Niagara -- 0.0500 to 0.0500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 1.6500 to 1.6500
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 1.6500 to 1.6500
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.0200 to 0.1000
Transco Zone 6 non-NY North -- 0.0200 to 0.1000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.1800 to 0.2800
Rocky Mountains
Cheyenne Hub 2.410 to 2.600 --
CIG 2.410 to 2.750 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 2.120 to 2.400 --
Kern River 4.450 to 4.450 --
Kingsgate -- --
Northwest S. of Green River 2.400 to 2.680 --
Northwest Sumas 6.200 to 15.000 --
Northwest Wyoming Pool 4.400 to 4.400 --
Opal 3.520 to 4.470 --
Questar -- --
Stanfield 3.900 to 4.500 --
Transwestern San Juan 2.300 to 2.300 --
White River Hub 2.360 to 2.700 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 2.990 to 3.150 --
Kern Delivery 4.290 to 5.200 --
California
Malin 3.550 to 4.500 --
PG&E Citygate 3.820 to 4.990 --
SoCal Citygate 5.150 to 6.000 --
Southern Border, PG&E 2.200 to 2.520 --
Southern Border, SoCal 2.800 to 4.850 --
SoCal Border Avg. 2.800 to 4.850 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.800 to 2.900 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 4.850 to 4.850 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.705 to 3.125 --
NOVA/AECO C 2.170 to 2.520 --
Westcoast Station 2 0.970 to 1.150 --
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.