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Natural Gas Futures Fail to Hold Rally as Models Ease Demand Expectations
Daily GPI
Natural Gas Futures Fail to Hold Rally as Models Ease Demand Expectations

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January 17, 2019

Markets

EIAStorage01111

Natural Gas Futures Fail to Hold Rally as Models Ease Demand Expectations

Daily GPI
An underwhelming storage withdrawal and mixed signals from the latest forecasts saw natural gas futures retreat from a morning rally to finish a few pennies higher Thursday. In the spot market, points across the country moderated after widespread gains earlier in the week; the NGI Spot Gas National Avg. dipped 33.0 cents to $3.765/MMBtu.
Daily-Prompt-Month-Algonquin-Citygates-Forward-Fixed-Prices-20190117

Piercing Cold on Tap Drives Northeast-Led Rally for Natural Gas Forwards

Forward Look
A rebound in natural gas forward prices that began last week kicked in high gear during the Jan. 10-16 period as frigid air finally returned to the United States after a month-and-a-half of exceptionally mild weather.
EIAStorage0111

Weather-Focused Natural Gas Futures Slip After On-Target EIA Storage Report

Daily GPI
The Energy Information Administration (EIA) on Thursday reported an on-target 81 Bcf withdrawal from U.S. natural gas stocks that prompted some futures...

Intense Cold Shot Seen Sweeping into February; Natural Gas Futures Called Higher

Daily GPI
With colder trends showing up in the overnight guidance and the market turning its attention to the upcoming release of government storage data, February Nymex natural gas futures were up sharply just before 9 a.m. ET Thursday, trading 17.6 cents higher at $3.560/MMBtu.
Camerons-Corner-20190116

Polar Vortex Forecast Not Impressing Natural Gas Futures; Cash Continues Climb

Daily GPI
Forecasters say intense polar vortex-influenced cold is on the way, but a restless natural gas futures market appeared unsatisfied with the upcoming pattern Wednesday, selling off for a second straight session after a sharp rally to start the week.
Balance-of-Winter-Temperature-Anomaly-Forecast-20190116.png

Blustery Winter Muscles In, Knocking Out Mild Conditions, Says Forecaster

Daily GPI
The eastern United States is on the cusp of a much colder pattern that is forecast to prevail in February and continue into March because of a central Pacific El Nino...

More in Markets...

E&P

Earthstone to Run One Rig in 2019, Eyes Free Cash Flow Neutrality in 2020

Shale Daily
Earthstone Energy Inc., a Texas-based independent focused on the Permian Basin’s Midland sub-basin and the Eagle Ford Shale, said it plans to run a one-rig operated drilling program in 2019, as it looks achieve free cash flow neutrality in 2020.
Monthly-North-Dakota-NatGas-Production-and-Percent-Flared-20190117.png

North Dakota Considers Underground Natural Gas Storage to Cut Flaring

Shale Daily
If various regulatory and economic hurdles can be overcome, storage of produced natural gas through...

Reduced Permian E&P Activity Could Impact Crude Takeaway Plans

Shale Daily
With wishy washy oil prices slip sliding and some onshore producers trimming their capital spending for 2019, concern is rising that some of the planned crude takeaway projects in the Permian Basin could be shaky.

BP Canada Narrows Focus in Scotian Deepwater Exploration Campaign

Daily GPI
BP plc’s Canadian unit has narrowed its deepwater exploration campaign offshore of Nova Scotia by cutting the license area in half, but the oil major still holds drilling rights to 7,000 square kilometers (2,800 square miles) of Atlantic seabed.

Eclipse Expecting Blue Ridge Acquisition to Resolve Stock Delisting Notice

Shale Daily
Eclipse Resources Corp. said this week it has again received a delisting notice from the New York Stock Exchange (NYSE) because the common stock price has fallen below the continued listing standard.
Weekly-Williston-Basin-Oil-and-Gas-Drilling-Rig-Count-20190116.png

Bakken Oil, Gas Output in North Dakota Seen on Decline in Early 2019

Shale Daily
Oil and natural gas production volumes in North Dakota’s portion of the Bakken Shale slumped...

More in E&P...

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

Infrastructure

Invenergy’s Massive Gas-Fired Power Plant Online in Pennsylvania

Daily GPI
Invenergy said this week its 1,485 MW combined-cycle natural gas-fired power plant in northeast Pennsylvania has entered service.
Pajaritos-Proposed-LNG-Import-Projects-20190117

Pajaritos Floating Storage and Regasification Tender Called Off in Mexico

The tender for a 600 MMcf/d floating storage and regasification unit (FSRU) in the Pajaritos port in the southern Gulf of the Mexican state of Veracruz has been cancelled, sources have told NGI’s Mexico GPI.
Breakdown-of-Ruby-Pipeline-FT-Capacity-Holders-20190117-v3

KMI’s Contracts with PG&E a Concern in Otherwise Strong Year for Midstreamer

Daily GPI
Kinder Morgan Inc. (KMI) said Wednesday that the impending bankruptcy filing of California’s PG&E Corp. could impact...

People

Daily GPI
JafStorage

Mexico Called Emerging Opportunity for Natural Gas Storage

Mexico’s rising thirst for natural gas, combined with a dearth of production, may translate into compelling greenfield opportunities for storage developers, experts said last week in Houston.

RNG Tapped to Reduce Emissions at Southern California Ports

Daily GPI
A major freight hauler operating in two Southern California ports plans to use natural gas vehicle (NGV) engines fueled with renewable natural gas (RNG) as part of an emissions reduction initiative.

More in Infrastructure...

Regulatory

New Wyoming Governor Sees Energy as 'Pillar' of Economy

Shale Daily
Wyoming's new Gov. Mark Gordon indicated in a state of the state address earlier this month that his administration would continue ongoing efforts to keep energy -- oil, natural gas and coal -- at the forefront of the economy.

New York Governor Details Plans for Green New Deal

Daily GPI
New York Gov. Andrew Cuomo this week unveiled additional details about plans to launch a “Green New Deal” aimed at eliminating carbon emissions and furthering his administration’s efforts to battle climate change.

FERC Investigating Three Interstate Natural Gas Pipe Rates; Nine Probes Dropped

Daily GPI
Investigations and hearings have been ordered by FERC into three interstate natural gas pipeline companies to determine if they overcharged customers in recovering costs of service. Nine similar proceedings were terminated without any further action.

Atlantic Bridge Advances After Massachusetts OKs Key Compressor Station

Daily GPI
Massachusetts regulators have issued a critical air quality permit for Algonquin Gas Transmission LLC's Atlantic Bridge project, removing a longtime roadblock for the project designed to add natural gas pipeline capacity from Appalachia to New England and Eastern Canada.

Oil, Gas Industry Increasingly Nervous as Government Shutdown Drags On

Daily GPI
Representatives from the oil and gas industry are beginning to worry that the partial shutdown of the federal government, now the longest in U.S. history, could impact drilling on federal lands and blunt permitting for infrastructure, including pipelines and liquefied natural gas (LNG) export facilities.

PG&E Preparing for Many Legal Skirmishes; Credit Sinks to Junk

Daily GPI
The major credit rating agencies now rate PG&E Corp. and its utility below investment grade at  junk status, and in a regulatory filing the Northern California operator said it is facing significant additional legal filings related to last November's devastating Camp Fire.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - December 28th for January 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 -- -0.1100 to -0.1100
Texas Eastern S. TX -- -0.1075 to -0.0900
Transco Zone 1 -- -0.1000 to -0.0700
East Texas
Carthage -- -0.1850 to -0.1850
Houston Ship Channel 3.700 to 3.710 0.1500 to 0.2700
Katy -- --
NGPL TexOk -- -0.2800 to -0.2400
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.1900 to -0.1900
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.750 to 3.350 --
El Paso - Keystone Pool 1.750 to 2.160 --
El Paso - Plains Pool 3.200 to 3.350 --
El Paso - Waha Pool 2.000 to 2.050 --
Transwestern 2.130 to 2.130 --
Transwestern - Central -- --
Transwestern - W. TX 2.130 to 2.130 --
Waha 1.100 to 2.050 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.945 to 4.160 0.2200 to 0.2500
Chicago - Nicor Gas 3.945 to 4.160 0.2300 to 0.2500
Chicago - NIPSCO 3.965 to 4.100 0.2200 to 0.2200
Chicago - North Shore -- --
Chicago - Peoples 3.980 to 3.980 --
Consumers Energy -- -0.0800 to -0.0200
Dawn 3.180 to 3.280 -0.0400 to 0.2500
Emerson -- 0.1700 to 0.2800
Joliet -- --
Lebanon -- --
Michigan Consolidated 3.350 to 3.350 -0.2050 to -0.1250
NGPL Amarillo Mainline -- --
Parkway/Union -- 0.1100 to 0.3200
REX Zone 3 Delivered -- -0.1900 to -0.1300
REX into ANR - Shelby -- -0.1400 to -0.1300
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1900 to -0.1500
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 3.150 to 3.415 -0.2500 to -0.2500
Enable East -- -0.0800 to -0.0800
Enable West -- --
NGPL Midcontinent 2.850 to 2.850 -0.6900 to -0.5300
Northern Border Ventura 3.950 to 4.100 --
Northern Natural Demarc 3.450 to 3.720 -0.1400 to -0.1000
Northern Natural Ventura 4.500 to 4.500 0.4500 to 1.1500
OGT -- -0.5500 to -0.4200
Panhandle Eastern 3.030 to 3.395 -0.5000 to -0.4300
Southern Star -- -0.3500 to -0.3200
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1800 to -0.1500
Trunkline Zone 1A -- -0.1900 to -0.1600
South Louisiana
ANR SE -- -0.0900 to -0.0700
Columbia Gulf Mainline -- -0.1800 to -0.1600
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0025 to 0.0200
Southern Natural -- -0.0475 to -0.0400
Tennessee Line 500 -- -0.0600 to -0.0500
Tennessee Line 800 -- -0.1050 to -0.0750
Texas Eastern E. LA -- -0.1500 to -0.1200
Texas Eastern W. LA -- -0.0850 to -0.0850
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0200
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0000 to 0.0200
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0025 to 0.0025
Transco Zone 5 -- 3.5000 to 3.8500
Transco Zone 5 North -- --
Transco Zone 5 South -- 3.5000 to 3.8500
Appalachia
Columbia Gas -- -0.2700 to -0.2300
Dominion North -- --
Dominion South -- -0.3800 to -0.2775
Leidy Hub -- --
Millennium East Pool -- -0.3100 to -0.2000
Tenn Zone 4 200L -- -0.1850 to -0.1600
Tennessee Zn 4 313 Pool -- -0.2900 to -0.2300
Tennessee Zn 4 Marcellus -- -0.3650 to -0.2500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4000 to -0.2800
Texas Eastern M-3, Delivery -- 2.7500 to 3.5000
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2000
Northeast
Algonquin Citygate -- 5.2500 to 6.0000
Algonquin Citygate (non-G) -- 5.2500 to 6.0000
Algonquin Receipts -- --
Iroquois Zone 2 -- 4.5000 to 5.2500
Iroquois, Waddington -- 1.5000 to 1.5000
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 5.8000 to 6.0000
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 5.8000 to 6.0000
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 3.2750 to 3.7000
Transco Zone 6 non-NY North -- 3.2750 to 3.7000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 4.5000 to 5.0000
Rocky Mountains
Cheyenne Hub 3.220 to 3.530 --
CIG 3.520 to 3.550 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 3.170 to 3.410 --
Kern River 4.100 to 4.530 --
Kingsgate -- --
Northwest S. of Green River 3.200 to 3.600 --
Northwest Sumas 4.150 to 6.950 --
Northwest Wyoming Pool 4.440 to 4.460 --
Opal 4.000 to 4.680 --
Questar -- --
Stanfield 4.400 to 4.400 --
Transwestern San Juan -- --
White River Hub 3.500 to 3.600 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 4.300 to 4.500 --
Kern Delivery -- --
California
Malin 3.950 to 4.650 --
PG&E Citygate 4.020 to 4.750 --
SoCal Citygate 7.000 to 8.450 --
Southern Border, PG&E 3.500 to 3.700 --
Southern Border, SoCal 3.800 to 4.400 --
SoCal Border Avg. 3.800 to 4.400 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 3.800 to 4.400 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer -- --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 3.790 to 4.585 --
NOVA/AECO C 1.465 to 1.860 --
Westcoast Station 2 0.800 to 0.810 --
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.