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Mexican Energy Secretary Reminds Legislators of Fracking's Long History in Country
Featured Mexico GPI
Mexico has used hydraulic fracturing (fracking) for considerably more than half a century, and the technique is currently applied to about one in five conventional oil and gas wells, Energy Secretary Pedro Joaquin Coldwell said during a hearing on Thursday before the Chamber of Deputies, the nation’s lower legislative chamber. Read More
Monthly-us-crude-oil-natural-gas-well-drilling-footage-by-type-20181012-v2

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NGI's Mexico GPI

October 15, 2018

Lingering Cold, Worsening Storage Picture Drive Up Natural Gas Winter Prices

  • Natural gas winter contract boosted by cold snap that is expected to continue through remainder of October: November rises 8 cents
  • Chillier weather pattern expected to push storage deficits to more than 650 Bcf and possibly 700 Bcf before start of winter
  • Weather outlooks show warmer weather returning for November/December before lasting winter cold arrives
  • Spot gas prices strengthen as cold air descends on Rockies, Plains and heads east

Industry, Regulators Unite to Defend Fracking in Mexico

Following repeated pledges by President-Elect Andrés Manuel López Obrador to ban hydraulic fracturing (fracking) after he takes office, some of the most prominent stakeholders in Mexico’s hydrocarbons sector – including oil companies, policymakers, and regulators – have launched a public relations campaign on behalf of unconventional exploration and production (E&P).

Soft Demand, Increased Supply Post-Michael Put November NatGas in Red; Rockies Spot Gas Rises

  • Early-week rally erased as November natural gas prices slides another 6 cents
  • Post-Michael power outages, recovering production at heart of Friday’s declines
  • Bullish weather sentiment remains as mostly colder-than-normal temperatures on tap for remainder of October
  • Rockies spot gas prices increase as Canadian air blankets the region
Monthly-US-Crude-Oil-Natural-Gas-Well-Drilling-Footage-by-Type-20181012-v2

Mexican Energy Secretary Reminds Legislators of Fracking's Long History in Country

Mexico has used hydraulic fracturing (fracking) for considerably more than half a century, and the technique is currently applied to about one in five conventional oil and gas wells, Energy Secretary Pedro Joaquin Coldwell said during a hearing on Thursday before the Chamber of Deputies, the nation’s lower legislative chamber.
EIAStorage10051

Bears Look to Regain Control as November Natural Gas Slips; Spot Gas Slides on Increased Supply

  • Mild temperatures on tap for late October help to send November futures down 6 cents
  • Improving supply picture, on-target storage injection add further pressure to already soft market
  • Future market direction will be highly correlated to whether bullish risks begin showing up again in weather forecasts; November likely to be mild
  • Spot gas prices sink as production begins to return following Michael, Enbridge brings unharmed line back to service
US-Average-Residential-Winter-Heating-Fuel-Prices-20181010

EIA Expects Henry Hub Natural Gas to Average $3.20/MMBtu This Winter

Temperatures across most of the United States during December, January and February will be roughly the same as last winter, but Henry Hub prices during the same months are expected to average $3.20/MMBtu, an 8% increase, according to the Energy Information Administration (EIA).
EIAStorage1005

Cold Snap Keeps November NatGas Supported; Spot Gas Rallies on Supply Cuts from Canadian Pipe Explosion

  • November natural gas ends volatile day just 1.8 cents higher as strong cash prices battle it out with warmer risks in long-term weather outlooks
  • Hurricane Michael slams Florida Panhandle, shutting in more than 1 Bcf/d and causing widespread power outages
  • Enbridge pipeline explosion wreaks havoc on Canadian, downstream U.S. markets
  • BREAKING: EIA reports a 90 Bcf storage injection for the week ending Oct. 5

3D"Sign

NGI's Bidweek Alert Day 5 - September 28th for October 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 -- -0.1450 to -0.1150
Texas Eastern S. TX -- 0.0400 to 0.0500
Transco Zone 1 -- -0.0550 to -0.0400
East Texas
Carthage -- -0.2000 to -0.1625
Houston Ship Channel 3.160 to 3.200 0.1200 to 0.1200
Katy -- --
NGPL TexOk 2.880 to 2.880 -0.2050 to -0.1675
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.170 to 1.290 --
Transwestern 1.200 to 1.215 --
Waha 1.190 to 1.220 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.895 to 2.950 --
Chicago - Nicor Gas 2.900 to 2.950 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.895 to 2.910 --
Consumers Energy -- -0.1250 to -0.0800
Dawn 2.940 to 2.965 -0.1400 to -0.0925
Emerson -- -0.2300 to -0.2000
Joliet -- --
Lebanon -- -0.2700 to -0.2300
Michigan Consolidated 2.940 to 2.940 -0.1350 to -0.0900
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.2250 to -0.2125
REX into MGT - Edgar -- -0.2000 to -0.1925
REX into NGPL - Moultrie -- -0.1875 to -0.1850
REX into PEPL - Putnam -- -0.2300 to -0.2200
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.205 to 2.240 -0.8600 to -0.8100
Enable East 2.730 to 2.730 -0.3050 to -0.3000
Enable West -- --
NGPL Midcontinent -- -0.9850 to -0.9500
Northern Border Ventura 2.780 to 2.860 --
Northern Natural Demarc 2.720 to 2.800 --
Northern Natural Ventura 2.835 to 2.870 --
OGT 1.650 to 1.710 -1.4800 to -1.3800
Panhandle Eastern 2.090 to 2.150 -0.9250 to -0.8750
Southern Star -- --
North Louisiana/Arkansas
Perryville -- -0.1300 to -0.1300
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1850 to -0.1550
Trunkline Zone 1A -- -0.2400 to -0.2075
South Louisiana
ANR SE -- -0.2125 to -0.1675
Columbia Gulf Mainline -- -0.1875 to -0.1700
Columbia Gulf onshore -- -0.1300 to -0.1150
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0600 to -0.0525
Tennessee Line 500 -- -0.0575 to -0.0550
Tennessee Line 800 -- -0.1150 to -0.0975
Texas Eastern E. LA -- -0.1900 to -0.1100
Texas Eastern W. LA 2.960 to 2.960 -0.1100 to -0.0750
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0750 to -0.0500
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- -0.1100 to -0.1100
Transco Zone 4 -- -0.0625 to -0.0425
Transco Zone 5 -- 0.0150 to 0.0300
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0150 to 0.0300
Appalachia
Columbia Gas -- -0.3500 to -0.2650
Dominion North -- -0.6000 to -0.6000
Dominion South -- -0.7150 to -0.4500
Leidy Hub -- --
Millennium East Pool -- -0.7400 to -0.5600
Tenn Zone 4 200L -- -0.2300 to -0.1950
Tennessee Zn 4 313 Pool -- -0.2800 to -0.2800
Tennessee Zn 4 Marcellus -- -0.7800 to -0.6100
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.7400 to -0.5100
Texas Eastern M-3, Delivery -- -0.6000 to -0.3600
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.6500 to -0.4400
Northeast
Algonquin Citygate -- 0.3500 to 0.4700
Algonquin Citygate (non-G) -- 0.3500 to 0.4700
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.0750 to 0.1700
Iroquois, Waddington -- 0.0400 to 0.1100
Niagara -- -0.1600 to -0.1300
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.4000 to 0.4200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4300 to -0.3000
Transco Zone 6 non-NY North -- -0.4300 to -0.3000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3800 to -0.3500
Rocky Mountains
Cheyenne Hub 2.150 to 2.150 --
CIG 2.065 to 2.080 --
CIG DJ Basin 1.500 to 1.500 --
El Paso Bondad -- --
El Paso non-Bondad 1.860 to 1.970 --
Kern River 2.280 to 2.350 --
Kingsgate 2.050 to 2.050 --
Northwest S. of Green River 2.200 to 2.200 --
Northwest Sumas 2.000 to 2.315 --
Northwest Wyoming Pool 2.200 to 2.270 --
Opal 2.270 to 2.355 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.900 to 2.000 --
White River Hub 2.150 to 2.150 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.600 to 2.750 --
California
Malin 2.250 to 2.420 --
PG&E Citygate 3.250 to 3.305 --
SoCal Citygate 3.500 to 3.980 --
Southern Border, PG&E 2.000 to 2.180 --
Southern Border, SoCal 2.200 to 2.730 --
SoCal Border Avg. 2.200 to 2.730 --
Canada
Empress 3.055 to 3.055 --
NOVA/AECO C 1.260 to 1.690 --
Westcoast Station 2 1.420 to 1.680 --
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.





© NGI's Mexico Gas Price Index: ISSN 2577-9966