Story of the Week

U.S. Oil, Gas Permitting Still Rising, Pointing to Stronger Activity in 2019, Says Evercore
NGI Weekly Intel
U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September... Read More
Total-us-weekly-oil-and-gas-drilling-rig-count-20181115

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NGI Weekly Newsletter

November 19, 2018

Zepeda

Bright Star of Mexico's Energy Reform Bowing Out of Spotlight

One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos (CNH), with only five months to go before the end of his second five-year term.
Daily-Prompt-Month-Henry-Hub-Futures-Settlement-Prices-20181115

Cold November Spooks Natural Gas Market with Low Storage Stocks; December Flirts with $5 Before Retreat

Bone-chilling cold that caught off guard a natural gas market plagued by historically low storage inventories sent Nymex futures and forwards markets screaming more than $1 higher from Nov. 8-14, according to NGI’s Forward Look.

Senate Democrats Call For FERC Nominee McNamee to Recuse Himself on Resiliency Issues

Senate Democrats took aim at FERC nominee Bernard McNamee over his involvement in crafting a controversial Department of Energy proposal to subsidize coal and nuclear power, but the energy sector attorney pledged to serve as an "independent arbiter" of grid resiliency and reliability issues that come before the Federal Energy Regulatory Commission.

Columbia’s 1.3 Bcf/d WB XPress Enters Full Service

TransCanada Corp. said Thursday the remainder of the Columbia Gas Transmission LLC WB XPress project has entered service, allowing another 1.3 Bcf/d of Appalachian natural gas to move to Mid-Atlantic markets.

Catastrophic Financial Impacts Facing PG&E from Wildfires

With its stock price chopped in half and the prospects of credit ratings dropping below investment grade, Pacific Gas and Electric Co. on Thursday was teetering financially as it focused on cleaning up amidst one of the worst wildfires in California's history.

FERC Follows Up on Tax Rate Changes With NOPR, Policy Statement

In an effort to ensure that ratepayers receive the benefit of tax reductions from reform legislation adopted by the Trump administration last year, FERC on Thursday issued a notice of proposed rulemaking and associated policy statement.

FERC’s Draft EIS for Gulf LNG Moves Mississippi Export Project Forward

A plan to turn Kinder Morgan Inc.’s natural gas import facility in Mississippi into an export terminal could have some adverse environmental impacts, but they could be avoided or reduced to less-than-significant levels with mitigation, FERC staff said Thursday.
Monthly-US-LNG-Exports-to-EU-Member-States-and-Turkey-20181115

White House Taking Two-Pronged Approach to Boost LNG Exports to Europe

The Trump administration looked to advance Lower 48 liquefied natural gas exports to Europe along two fronts Tuesday, with one official saying the White House wants to help facilitate U.S. exports to the continent and another urging European allies not to participate in a pair of pipeline projects backed by Russia.
Total-US-Weekly-Oil-and-Gas-Drilling-Rig-Count-20181115.png

U.S. Oil, Gas Permitting Still Rising, Pointing to Stronger Activity in 2019, Says Evercore

U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September...
Monthly-PEMEX-Natural-Gas-Production-and-US-Natural-Gas-Exports-to-Mexico-via-Pipeline-20181113

Mexico NatGas Demand Growth, Political Uncertainty to Exacerbate Domestic Production Decline Woes

Mexico may not be able to reverse its current trend of declining natural gas output for another four to six years, a period during which gas demand from the power sector is projected to accelerate, according to the latest analysis by OPIS PointLogic.
Mariner-East-Pipeline-Project-20180208

Sunoco Readies Service on ME 2 with Workaround

Energy Transfer LP subsidiary Sunoco Pipeline LP has finally begun the commissioning process on Mariner East 2 in Pennsylvania, as the line is being filled with natural gas liquids in some areas.
Weekly-Powder-River-Basin-and-DJ-Niobrara-Rig-Counts-20181114-v2.png

DJ, PRB Infrastructure Expanding as Natural Gas, Oil Production Increases

With natural gas production topping 5 Bcf/d in the Niobrara formation of the Rocky Mountains, including...

Cheniere’s Corpus Christi Project Readying First LNG Shipment

The first train at Cheniere Energy Inc.’s Corpus Christi natural gas export facility in South Texas began producing the super-chilled fuel early Wednesday morning, spokesman Ray Fohr told NGI.
Monthly-US-Natural-Gas-Exports-via-LNG-Vessel-20181113

Plaquemines LNG Project Given Positive DEIS by FERC

FERC staff has issued a positive draft environmental impact statement for the Plaquemines LNG and Gator Express Pipeline project, which include a liquefied natural gas export terminal and related pipeline 30 miles south of New Orleans.

New York Court Rejects Eminent Domain for Northern Access Expansion

The legal troubles facing National Fuel Gas Co.’s long-delayed Northern Access expansion project were compounded last week when a New York appeals court denied eminent domain for the project to cross land in the western part of the state.
World-Oil-Demand-and-Production-2017-2040-IEA-New-Policies-Scenario-NPS-20181113

Global Natural Gas Output to 2025 Fueled by U.S. Onshore Supply, Says IEA

The United States is forecast to contribute 40% of global natural gas production to 2025, with low cost domestic output keeping Henry Hub prices...
Round-2-Point-1-Awarded-Blocks-20181109

Eni, Lukoil in Mexico Offshore Tie-up; Talos Considering More M&A

Italy’s Eni SpA and Russian state-owned oil company Lukoil have agreed to swap participating stakes in three offshore blocks in Mexico’s Sureste Basin.

EQT Completes Midstream Spinoff; Equitrans Trading on NYSE

EQT Corp. said Tuesday it has finally completed the complex spinoff of its midstream business into a separate publicly traded company.

Chaparral Production Guidance Higher as STACK Delivers

Citing strong well results in Oklahoma’s Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, i.e. STACK, Chaparral Energy Inc. has increased its full-year production guidance.

Goodrich Continues Growing Gassy Production, Weighs Options for 2019

Natural gas production more than doubled for Goodrich Petroleum Corp. in the third quarter as the Houston-based company continued its focus on the Haynesville Shale and considers how fast it wants to grow in the upcoming year.
Marathon-Oil-3Q2018-Average-Daily-Hydrocarbon-Production-and-Net-Acreage-by-Area-20181112.png

Marathon Oil to Continue Focus on Oklahoma's Stacked Plays in 2019

Marathon Oil Corp. has shifted into heavy development mode in Oklahoma's stacked plays, even as it touts other basins and the diversity of holdings that include prolific basins in North Dakota and Texas-New Mexico.
Daily-Estimated-SISTRANGAS-Deliveries-of-Natural-Gas-to-CFE-Facilities-20181112

Relief On Horizon for Mexico Natural Gas Market, Despite Short-Term Challenges

Mexico’s natural gas market faces multiple short-term challenges, the most urgent of which is a lack of supply to power generators, petrochemical plants, and industrial consumers in the southern and southeastern part of the country, as the state-owned oil and gas producer struggles to increase output.
Atlantic-Coast-Pipeline-20160921211111-11

ACP Halts West Virginia Water Crossings After Court Stays Key Permit

The U.S. Court of Appeals for the Fourth Circuit has stayed the Atlantic Coast Pipeline’s Nationwide Permit 12, forcing the company to temporarily suspend water crossings in West Virginia.
PDC-Energy-Core-Wattenberg-Area-20181112.png

PDC Energy Wrestling With Midstream Constraints in DJ Basin

Despite significant production gains from each of its core areas in the Denver-Julesburg and Permian basins...
Equinor-Offshore-Licenses-in-Canada-20181109

Equinor, BHP Billiton Grab Grand Banks Offshore Acreage in Canadian Lease Sale

After launching the planning for the fifth Canadian offshore oil production platform on the Grand Banks of Newfoundland, Norway's Equinor...

Despite Divided Government, Oil and Gas Industry Optimistic After Midterms

Trade associations representing the oil and gas industry said that despite a return to divided government in Congress for the next two years, last week's midterm elections both produced and retained candidates that the industry believes they can work with effectively.
Monthly-Sabine-Pass-Liquefied-Natural-Gas-Exports-20181109

Cheniere Secures 24-Year SPA with PGNiG, Starts Early Work on Sabine Pass Train 6

Less than two months after signing a 15-year natural gas export deal with Swiss trader Vitol Inc., Cheniere Energy Inc. has secured another long-term sale...
NGI-Monthly-Average-SoCal-Border-and-Waha-NatGas-Price-Indexes-20181108

Permian ‘Best Place to Be,’ Says Pioneer Natural CEO

Dallas-based Pioneer Natural Resources Co., which has peeled off assets to keep the focus solely on the Permian Basin, produced above guidance...

People -- Brian Anderson

Briefs -- LAXP Open Season | Seaford-Millsboro Connector

Weekly-US-Population-Weighted-Heating-Degree-Days-vs-Henry-Hub-Futures-Price-20181108

Dramatic Turn Colder Leads to Spikes in Natural Gas Forward Prices

A major flip in weather models last weekend turned the natural gas forward markets on their head as a substantial increase in the expected intensity of medium-range cold lifted December prices by an average 39 cents from Nov. 1 to 7. January rose by an average 38 cents, while the balance of winter (January-March) climbed by an average 31 cents, according to NGI’s Forward Look.

Fourth Circuit Stays ACP Water-Crossing Permit

The U.S. Court of Appeals for the Fourth Circuit has stayed the Atlantic Coast Pipeline’s Nationwide Permit 12, forcing the company to temporarily suspend water crossings in West Virginia.

EnLink Boosting Mont Belvieu Takeaway, Eyeing More Growth

Dallas-based EnLink Midstream Partners LP is joining the wave of midstream companies aiming to ease some of the infrastructure constraints along the Gulf Coast, including one project to expand takeaway capacity from the Mont Belvieu natural gas liquids hub near Houston.
NGI-Daily-SoCal-Border-Avg-and-SoCal-Citygate-NatGas-Price-Indexes-20181108-v2

CAISO Moves to Ease Natural Gas Price Spikes for Power Generators

In response to a request from NRG Power Marketing, California's grid operator has taken steps to ease potential natural gas price spikes for generators this winter during another period of limitations on the Southern California Gas Co. pipeline and storage system.
Waha-Basis-to-Henry-Hub-20181106

Severe ‘Takeaway Capacity Disorder’ Striking Permian, Says RBN Chief

The plethora of natural gas and oil supply clogging the Permian Basin has caused “severe cases of TCD, takeaway capacity disorder” that is going to take more than a few months to cure, according to RBN Energy LLC’s Rusty Braziel.

3D"Sign

NGI's Bidweek Alert Day 5 - October 31th for November 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 -- -0.0900 to -0.0900
Texas Eastern S. TX -- 0.0400 to 0.0800
Transco Zone 1 -- -0.0650 to -0.0650
East Texas
Carthage -- -0.1400 to -0.1300
Houston Ship Channel 3.350 to 3.350 --
Katy -- --
NGPL TexOk -- -0.1250 to -0.1025
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.610 to 2.100 --
El Paso - Keystone Pool 1.610 to 1.730 --
El Paso - Plains Pool 2.100 to 2.100 --
El Paso - Waha Pool 1.690 to 1.720 --
Transwestern 1.610 to 1.760 --
Transwestern - Central -- --
Transwestern - W. TX 1.610 to 1.760 --
Waha 1.350 to 1.720 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.410 to 3.560 --
Chicago - Nicor Gas 3.525 to 3.540 --
Chicago - NIPSCO 3.410 to 3.560 --
Chicago - North Shore -- --
Chicago - Peoples 3.510 to 3.510 --
Consumers Energy -- 0.1200 to 0.1800
Dawn 3.300 to 3.450 0.2200 to 0.3200
Emerson -- 0.1800 to 0.2800
Joliet -- --
Lebanon -- -0.1000 to -0.0900
Michigan Consolidated 3.225 to 3.280 0.0800 to 0.1300
NGPL Amarillo Mainline -- --
Parkway/Union 3.370 to 3.445 0.3050 to 0.3550
REX Zone 3 Delivered -- -0.0900 to -0.0850
REX into ANR - Shelby -- -0.0850 to -0.0850
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.0900 to -0.0900
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.800 to 2.855 -0.3250 to -0.3000
Enable East -- -0.2450 to -0.2300
Enable West -- --
NGPL Midcontinent 2.530 to 2.720 -0.4800 to -0.4800
Northern Border Ventura 3.340 to 3.395 --
Northern Natural Demarc 3.255 to 3.455 --
Northern Natural Ventura 3.295 to 3.575 --
OGT 1.900 to 1.900 -1.2900 to -1.2700
Panhandle Eastern 2.670 to 2.890 -0.4400 to -0.3500
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1325 to -0.1150
Trunkline Zone 1A -- -0.1300 to -0.1175
South Louisiana
ANR SE -- -0.1300 to -0.1000
Columbia Gulf Mainline -- -0.1450 to -0.1350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0100
Southern Natural -- -0.0375 to -0.0300
Tennessee Line 500 -- -0.0450 to -0.0300
Tennessee Line 800 -- -0.0700 to -0.0650
Texas Eastern E. LA -- -0.1250 to -0.1250
Texas Eastern W. LA -- -0.0500 to -0.0500
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0150
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0500 to 0.0500
Texas Eastern M-1, 30 -- -0.0900 to -0.0900
Transco Zone 4 -- -0.0250 to -0.0100
Transco Zone 5 -- 0.1550 to 0.1600
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.1550 to 0.1600
Appalachia
Columbia Gas -- -0.2475 to -0.2275
Dominion North -- --
Dominion South -- -0.4550 to -0.3800
Leidy Hub -- --
Millennium East Pool -- -0.3600 to -0.3000
Tenn Zone 4 200L -- -0.1650 to -0.1300
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3000
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4300 to -0.3800
Texas Eastern M-3, Delivery -- -0.1800 to -0.1500
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2900
Northeast
Algonquin Citygate -- 0.3500 to 0.6000
Algonquin Citygate (non-G) -- 0.3500 to 0.6000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.5000 to 0.5300
Iroquois, Waddington -- 0.4000 to 0.4800
Niagara -- 0.1200 to 0.1500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.5500 to 1.6000
Tenn Zone 6 200L North -- 1.5500 to 1.6000
Tenn Zone 6 200L South -- 0.5500 to 0.5700
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.1200 to -0.0350
Transco Zone 6 non-NY North -- -0.1200 to -0.0350
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0500 to 0.0400
Rocky Mountains
Cheyenne Hub 2.950 to 3.140 --
CIG 2.950 to 3.140 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.920 to 2.360 --
Kern River 3.220 to 3.250 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 12.000 to 15.250 --
Northwest Wyoming Pool -- --
Opal 3.155 to 3.280 --
Questar -- --
Stanfield 3.440 to 3.750 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.675 to 3.960 --
California
Malin 3.295 to 3.390 --
PG&E Citygate 3.750 to 4.200 --
SoCal Citygate 5.610 to 5.905 --
Southern Border, PG&E 2.400 to 2.420 --
Southern Border, SoCal 2.270 to 4.000 --
SoCal Border Avg. 2.270 to 4.000 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.355 to 2.910 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 3.950 to 4.000 --
SoCal Border - Needles 2.270 to 2.270 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 3.850 to 3.850 --
Canada
Alliance (APC) - ATP 1.950 to 1.975 --
Empress 3.495 to 3.680 --
NOVA/AECO C 1.650 to 1.825 --
Westcoast Station 2 0.570 to 0.895 --
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.