Story of the Week

Natural Gas Marketers Finish in Positive Territory with Gains in NGI’s 2018, 4Q Surveys
NGI Weekly Intel
There was plenty of good news from most of the 24 leading natural gas marketers participating in NGI's Top North American Natural Gas Marketers rankings... Read More
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NGI Weekly Newsletter

March 25, 2019

Rice Brothers Nominate EQT Board Candidates as Proxy Battle Escalates

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.
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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.
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Natural Gas Forwards Stabilize as Spring Takes Hold

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

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.

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

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.

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

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.

FERC Opens Another Natural Gas Pipeline Rate Investigation

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

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.
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Roan Reworks Anadarko Basin Plans on Well Interference Issues

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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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.

Mississippi Canyon Yields Most -- and Highest -- Bids in BOEM Lease Sale

A cadre of 30 oil and gas producers submitted 257 total bids in Wednesday’s Gulf of Mexico (GOM) region-wide auction, with the Mississippi Canyon drawing the highest bid and a unit of Royal Dutch Shell plc far and away outbidding everybody.
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Venture Global Secures Another FERC OK for One Louisiana LNG Project

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.

In Another Win for Pennsylvania AG, Royalties Lawsuit Advances

A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.

Tetco’s Stratton Ridge Expansion to Feed Freeport LNG Project

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

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).
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Los Angeles Drill Site Shuttering Some Operations

A controversial drilling site near the University of Southern California campus in Los Angeles is ending some operations because of low production and a lack of payments to the state.

EIA Expects 79 Bcf/d in April From Big Seven Unconventional Plays

Natural gas production out of the seven most prolific U.S. onshore unconventional plays -- the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations -- is expected to reach 79.02 Bcf/d in April, compared to an estimated 78.14 Bcf/d this month, according to the U.S. Energy Information Administration (EIA).

Natural Gas-Fired Power Outpaces Coal for First Time in PJM

Natural gas-fired electricity output exceeded coal-fired generation last year for the first time in the history of the nation’s largest grid operator PJM Interconnection, according to a report released last week by its independent market monitor.

North Dakota Natural Gas Production Starts Year with New Record

In another sign that the Bakken Shale's best oil producing areas continue to be gassier than other shale plays, North Dakota officials saw natural gas production set an all-time record in January, averaging more than 2.7 Bcf/d for the month.
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British Columbia’s Inactive Natural Gas Wells Nearly Double Since 2007

Rapid natural gas development has created a growing backlog of depleted wells in need of safety and...
U.S. LNG Export Faciltiies 3-18-19

U.S. LNG Exports Set to Surge This Summer Despite Maintenance, Project Delays

Cheniere Energy Inc. remains ahead of the race in sending U.S. natural gas into the global marketplace, but other developers...
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Q&A with Rosanety Barrios on Mexico’s Natural Gas Market Development

This Q&A is with Rosanety Barrios, an independent energy analyst who worked as the head of the Industrial Transformation Policy Unit at the Mexican Energy Ministry during the previous administration helping to design the country's energy reform enacted in 2013.

With Houston’s Natural Gas, Oil Expertise, FERC Eyeing City as Regional Office

With a plethora of natural gas export projects, and the pipelines that lead to them, destined for the Texas coast, FERC may establish a regional office in Houston, the chairman said Thursday.

Texas Court Rules Against Chesapeake in Eagle Ford Royalties Case

A Texas appeals court panel has ruled that Chesapeake Energy Corp. should have paid oil and gas royalties to Eagle Ford Shale leaseholders based on the gross proceeds from an adjacent well, not from take points within the trigger distances of the leases.
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Greater Sage Grouse RODs Ease Rules for Oil, Gas Leasing

The Interior Department's Bureau of Land Management has finalized Obama-era revisions to conserving greater sage grouse habitat in seven western states, in effect easing restrictions for oil and natural gas leasing.

Ohio E&P Consolidation Continued in 2018 as Oil, NatGas Volumes Jumped

Even fewer independent operators pushed combined conventional and unconventional natural gas production to new highs in Ohio last year, as the consolidation that’s occurred in the state over the last decade continued, according to data included in the Ohio Oil and Gas Association’s annual Debrosse Memorial Report.
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U.S. Natural Gas Rig Count Steady as Activity Slows in Oil Patch

The U.S. natural gas rig count finished flat at 193 for the week ended Friday (March 15), while the oil patch saw a small drop in activity, according to data from Baker Hughes, a GE Company.
4Q18-Marketers-Rankings-20180314 (1)

Natural Gas Marketers Finish in Positive Territory with Gains in NGI’s 2018, 4Q Surveys

There was plenty of good news from most of the 24 leading natural gas marketers participating in NGI's Top North American Natural Gas Marketers rankings...

BOEM’s August Auction Again Offering Every Available Area in GOM for Oil, Gas Leasing

The Bureau of Ocean Energy Management is preparing a lease sale for August that again would provide region-wide access to oil and natural gas producers across an estimated 78 million acres.
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Shift to Spring-like Weather Ends Month-long Natural Gas Forwards Rally

After a month of weekly gains, natural gas forward prices slammed the brakes as the latest weather models indicate the end of winter is fast approaching. April forward prices fell an average 7 cents from March 7-13, while May and the summer strip (April-October) each fell less than a nickel, according to NGI’s Forward Look.
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Mexico Bid Round Winner Talos To Drill Five Additional Wells This Year

Talos Energy Inc. plans to drill two exploration wells, two delineation wells, and one appraisal well this year in shallow waters off the coast of southeastern Mexico, CEO Timothy Duncan said Thursday.

Equitrans Takes More Appalachian Midstream Assets in $1.03B Deal

Equitrans Midstream Corp. said Thursday that it has reached a deal with Morgan Stanley Infrastructure Partners to acquire two midstream systems in the Appalachian Basin for $1.03 billion, marking its first strategic transaction since it separated from EQT Corp. late last year.
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Knowledge Gap Hampering Canada's Efforts to Cut Methane Emissions, Report Says

Additional scientific detective work will be needed to help Canada's federal government keep its promise to reduce methane emissions with regulations scheduled to go into force in 2020, predicts the C.D. Howe Institute.

SoCal Ed Power Lines Said Cause of '17 Thomas Fire; PG&E Skirts Criminal Charges

Ventura County, CA, officials said Wednesday a lengthy investigation has determined windy conditions caused two Southern California Edison Co. (SCE) transmission power lines to collide and start the Thomas Fire in 2017, which burned for 40 days, killed two people and destroyed more than 1,000 structures.
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Venture Global LNG Doubling Capacity at U.S. Gulf Coast Facilities

Venture Global Liquefied Natural Gas (LNG) Inc. is doubling its global business due to strong customer demand, with construction set to commence “imminently” on one of its two planned U.S. Gulf Coast export facilities, the developer said Thursday.

3D"Sign

NGI's Bidweek Alert Day 2 - March 26th for April 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 -- -0.0750 to -0.0750
Tennessee Zone 0 South -- -0.0900 to -0.0850
Texas Eastern S. TX -- -0.0975 to -0.0925
Transco Zone 1 -- --
East Texas
Carthage -- -0.1650 to -0.1650
Houston Ship Channel -- 0.0050 to 0.0050
Katy -- --
NGPL TexOk -- -0.1650 to -0.1600
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.250 to 1.500 --
El Paso - Keystone Pool -0.200 to 0.450 --
El Paso - Plains Pool 1.350 to 1.500 --
El Paso - Waha Pool -0.250 to 0.250 --
Transwestern 0.000 to 0.120 --
Transwestern - Central -- --
Transwestern - W. TX 0.000 to 0.120 --
Waha -0.500 to 0.450 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.710 to 2.710 -0.0800 to -0.0300
Chicago - Nicor Gas -- -0.0800 to -0.0800
Chicago - NIPSCO 2.710 to 2.710 -0.0800 to -0.0300
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0600 to -0.0250
Dawn -- -0.0425 to -0.0275
Emerson -- -0.2450 to -0.2300
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.0850 to -0.0700
NGPL Amarillo Mainline -- --
Parkway/Union -- -0.0300 to -0.0300
REX Zone 3 Delivered -- -0.1500 to -0.1350
REX into ANR - Shelby -- -0.1500 to -0.1350
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.270 to 2.300 --
Enable East -- --
Enable West -- --
NGPL Midcontinent 2.230 to 2.230 -0.5000 to -0.5000
Northern Border Ventura -- --
Northern Natural Demarc 2.520 to 2.520 -0.2475 to -0.2400
Northern Natural Ventura -- -0.2250 to -0.2250
OGT 2.000 to 2.100 -0.7000 to -0.6000
Panhandle Eastern 2.150 to 2.200 -0.5650 to -0.5300
Southern Star 2.350 to 2.350 --
North Louisiana/Arkansas
Perryville -- -0.1100 to -0.1100
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1450 to -0.1375
Trunkline Zone 1A -- -0.1550 to -0.1450
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.1650 to -0.1600
Columbia Gulf onshore -- -0.1100 to -0.1100
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to -0.0025
Southern Natural -- -0.0650 to -0.0575
Tennessee Line 500 -- -0.0650 to -0.0625
Tennessee Line 800 -- -0.1000 to -0.0975
Texas Eastern E. LA -- -0.1400 to -0.1300
Texas Eastern W. LA -- --
Texas Gas Zone SL -- -0.1200 to -0.1200
Transco Zone 3 -- -0.0525 to -0.0400
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0100 to 0.0100
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0525 to -0.0500
Transco Zone 5 -- 0.0100 to 0.0250
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0100 to 0.0250
Appalachia
Columbia Gas -- -0.2375 to -0.2250
Dominion North -- -0.3000 to -0.2900
Dominion South -- -0.3100 to -0.2725
Leidy Hub -- --
Millennium East Pool -- -0.3500 to -0.3500
Tenn Zone 4 200L -- -0.1900 to -0.1700
Tennessee Zn 4 313 Pool -- -0.2000 to -0.1800
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3550
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.3300 to -0.2850
Texas Eastern M-3, Delivery -- -0.2300 to -0.2000
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3000 to -0.2700
Northeast
Algonquin Citygate -- 0.2475 to 0.2500
Algonquin Citygate (non-G) -- 0.2475 to 0.2500
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.1200 to 0.1200
Iroquois, Waddington -- 0.0500 to 0.0800
Niagara -- -0.0800 to -0.0800
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.2200 to 0.2200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 0.2200 to 0.2200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2300 to -0.1750
Transco Zone 6 non-NY North -- -0.2300 to -0.1750
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.1500 to -0.1500
Rocky Mountains
Cheyenne Hub 2.250 to 2.290 --
CIG 2.250 to 2.280 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.400 to 1.800 --
Kern River 2.465 to 2.570 --
Kingsgate -- --
Northwest S. of Green River 2.270 to 2.325 --
Northwest Sumas 2.630 to 2.750 --
Northwest Wyoming Pool -- --
Opal 2.410 to 2.590 --
Questar -- --
Stanfield 2.550 to 2.580 --
Transwestern San Juan -- --
White River Hub 2.350 to 2.400 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.920 to 3.150 --
California
Malin 2.530 to 2.660 --
PG&E Citygate 3.650 to 3.710 --
SoCal Citygate 4.190 to 4.400 --
Southern Border, PG&E 1.600 to 2.000 --
Southern Border, SoCal 1.750 to 3.100 --
SoCal Border Avg. 1.750 to 3.100 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.750 to 2.080 --
SoCal Border - Kern River Station 3.000 to 3.000 --
SoCal Border - Kramer 2.980 to 3.100 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.690 to 2.790 --
NOVA/AECO C 1.320 to 1.390 --
Westcoast Station 2 0.775 to 0.870 --
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.