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Big Seven Unconventional Plays to Produce More than 84 Bcf/d Next Month, Says EIA
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Big Seven Unconventional Plays to Produce More than 84 Bcf/d Next Month, Says EIA

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NGI Weekly Newsletter

October 14, 2019

Carlos-Romero-Deschamps-20190114

High-Roller Pemex Union Boss Quits Amid Corruption Allegations

The highly controversial 26-year reign of Carlos Romero Deschamps as leader of the union of the Mexican national oil company Petróleos Mexicanos (Pemex) has reached its end.
EIAStorage1011

Chillier Long-Term Weather Forecast Boosts Natural Gas Forwards

Colder-trending outlooks for late October and early November lifted natural gas forward prices across much of the United States for the Oct. 10-16 period, according to NGI’s Forward Look.

Relatively Warm Weather, Healthy NatGas Storage to Mark Winter 2019-2020, FERC Says

The upcoming winter should be a relatively stable one for United States energy markets, with forecasters expecting a warmer-than-average season and natural gas storage levels at or above average levels, according to the 2019-2020 Winter Energy Market Assessment released Thursday by FERC's Office of Enforcement.

FERC OKs Williams Southeastern Expansion, NGPL Permian Extension

In split votes on Thursday FERC approved a project proposed by Transcontinental Gas Pipe Line Co. LLC to open up more capacity to meet rising natural gas demand in the Southeast and a Natural Gas Pipeline Company of America LLC request to build a gas pipeline in the Permian Basin of West Texas that would connect directly to the Waha hub.

With Shell Deal Completed, Pieridae Secures Bulk of Gas for Goldboro LNG

Pieridae Energy Ltd. has closed the purchase of all of Shell Canada Energy’s midstream and upstream assets in the southern Alberta foothills for C$190 million ($142.5 million) in a deal that would provide the majority of gas needed to supply the first train at its proposed Goldboro liquefied natural gas export facility in Nova Scotia.
Permian-Highway-Pipeline-20180906

Kinder Delays 2 Bcf/d Permian Highway Pipeline to Early 2021; GCX Running Full

Start-up for the 2 Bcf/d Permian Highway Pipeline (PHP), the next major project backed by Kinder Morgan Inc. (KMI) aimed at uncorking associated natural gas flowing out of the Waha hub in West Texas, will slip to early 2021 from late 2020, management revealed late Wednesday.

Gulfport 3Q Production Beats Consensus, But Volumes Poised to Fall by Year's End

Gulfport Energy Corp. beat Wall Street consensus by producing 1.527 Bcfe/d in the third quarter, but volumes are likely to decline in the coming months as the company spent the bulk of its drilling and completions budget earlier this year.

FERC Again Orders MVP to Halt All Construction

FERC has ordered Mountain Valley Pipeline LLC (MVP) to stop nearly all construction along the entire 300-mile route just days after a federal court stayed key authorizations for the project.

Gulf Coast Supply, Demand Growth Puts Natural Gas Pipeline Grid at Risk, Experts Say

The U.S. natural gas pipeline grid is not sufficient to handle the swift changes occurring in both supply and demand, and significant operational and commercial challenges may occur without additional midstream buildout, executives said Tuesday in New Orleans.
ConocoPhillips-and-Santos-Pro-Forma-North-Australia-Assets-20191016

Santos to Buy ConocoPhillips’ Australia Assets, Set to Become Country’s Top Producer

Adelaide-based independent gas producer Santos Ltd. is on track to become Australia’s largest energy producer following its Monday announcement that it inked a $1.39 billion deal to buy ConocoPhillips’ northern Australia assets.

SoCal Edison Equipment Thought to be Culprit in Los Angeles Wildfire; Governor Slams PG&E

Edison International's Southern California Edison Co. (SCE) utility acknowledged its infrastructure may have caused the disruptive, fast-moving Saddleridge fire that skirted residential areas and a major gas storage facility in northern Los Angeles County last week, according to a report the company filed with state regulators. 
Gas-Consumption-Growth-by-Sector-and-Region-20191016

Natural Gas Industry Urged to Advance ‘Positive Message’ to Ensure Pipelines, LNG Buildout Continues

A whopping list of challenges is confronting the U.S. natural gas industry as state and federal policies evolve...

PG&E Could be Responsible for Nine California Wildfires This Year, Utility Tells Court

Bankruptcy bound Pacific Gas and Electric Co. (PG&E) told a federal district court judge in San Francisco that its equipment, or operations, could have been involved in at least nine fires in Northern California this year.

Costly Solutions Being Applied to Meet Demand in Natural Gas-Starved Northeast

Even as the United States has more natural gas than it knows what to do with, some areas are relying on more costly solutions to meet their demand needs as regulatory setbacks have resulted in a lack of adequate pipeline infrastructure and storage.

Enterprise Commits to Expansion of Appalachian NGL Takeaway

Enterprise Products Partners LP is moving forward with an expansion of its Appalachia-to-Texas ethane pipeline after a successful open season landed the customer commitments needed to greenlight the project.
EIA-NatGas-Production-20191015

Big Seven Unconventional Plays to Produce More than 84 Bcf/d Next Month, Says EIA

Natural gas and oil production out of the United States' seven most prolific onshore unconventional plays will increase yet again in November...
Monthly-US-Natural-Gas-Exports-to-Mexico-and-PEMEX-Dry-Natural-Gas-Production-20191015

CFE CEO Criticizes Mexico's Energy Reform, Vows to ‘Rescue’ Company

The CEO of Mexico’s state utility Comisión Federal de Electricidad (CFE), Manuel Bartlett, reiterated his opposition to the 2014 constitutional reform that opened the energy industry to private competition in an address to members of congress on Oct. 10 that lasted nearly six hours.
Monthly-Price-of-US-LNG-Exports-and-LNG-Exports-to-East-Asia-20191014

Thailand Pursues LNG Trading Hub Ambitions

Thailand Energy Minister Sontirat Sontijirawong ordered state-owned oil and gas major PTT last week to accelerate its gas business so...
Pro-Forma-Parsley-Energy-and-Jagged-Peak-Acreage-20191014.png

Permian’s Parsley, Jagged Peak to Tie Up in $2.27B Merger

Permian Basin explorer Parsley Energy Inc. on Monday agreed to buy private equity-backed Jagged Peak...

Five U.S. LNG Export Projects Eyed for Sanctioning in 2020

Only two natural gas export projects have been sanctioned year-to-date in the United States, but there could be more than double that number in 2020, according to one of the nation’s experts.

No Significant Damage Reported at Aliso Canyon after Wildfire

The Aliso Canyon natural gas storage facility emerged unscathed from a fast moving wildfire that started last week and has consumed nearly 8,000 acres on the northern edge of Los Angeles.
Rodrigo-Rosas-20191011

Q&A with Rodrigo Rosas on Mexico’s Natural Gas Market Development

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.

BP’s 3Q Oil, Gas Output Slammed by Hurricane Barry, Turnarounds

Supermajor BP plc said Friday its third quarter production is estimated to be down by around 100,000 boe/d because of the nearly two-week impact from Hurricane Barry in the Gulf of Mexico.

Hits Keep Coming as New Jersey Denies PennEast Water Quality Permits

The New Jersey Department of Environmental Protection (DEP) has again denied a water quality certification (WQC) and other key permits for the PennEast Pipeline project.
PennsylvaniaImpactFeeTopSevenProducerPayments_2018

Pennsylvania Suspends Operator Permits for Failing to Pay Impact Fees

The Pennsylvania Department of Environmental Protection has suspended the well permits of a small Texas-based producer in an unprecedented move for failing to pay required impact fees.
sdbaker1011

U.S. Rig Count Inches Higher After Multi-Week Drop-Off

Coming off a seven-week losing streak, the U.S. rig count stopped the bleeding -- at least for now -- during the week ended Friday (Oct. 11), adding one rig overall to climb to 856, according to data from Baker Hughes, a GE Company.
Cedar-LNG-LNG-Canada-and-Nearby-Natural-Gas-Pipeline-Infrastructure-20191010

Three First Nations Tribes Team Up to Promote Benefits of BC LNG Exports

An aboriginal green energy tint has been painted on British Columbia liquefied natural gas by an agreement of three tribes to promote northern Pacific coast export projects as global environmental blessings.
Production-and-Price-of-Mexican-Crude-Oil-Mix-20191010-v2

Mexico’s State-Run Pemex Rescue Plan Said Insufficient, Misguided

The Mexican government’s plan to “rescue” state oil company Petróleos Mexicanos (Pemex) is unlikely to succeed, and could indeed prove detrimental to the firm and to Mexico’s economy, according to a new report by the Instituto Mexicano para la Competitividad (IMCO).

Court Clears Bondholders to File Reorganization Plan in PG&E Bankruptcy

Pacific Gas & Electric Co. has lost the exclusive right to file its reorganization plan in court after a federal judge this week cleared the way for bondholders to file a competing version.
Monthly-US-LNG-Exports-by-Destination-Region-20191010

LNG Carrier Market Struggles to Keep Up with Liquefaction Capacity Buildout

Samsung Heavy Industries, one of the world’s largest shipbuilders, said Thursday it has secured orders worth $405 million for two 174,000 cubic meter liquefied natural gas carriers from Malaysian-based shipping firm MISC Berhad.
November-Sumas-Basis-Prices-Since-Contract-Became-Prompt-20191010.png

Production Takes Hatchet to Natural Gas Forwards; Sumas Rallies on Cold, Tight Supply

It was another down week for natural gas forward prices across the United States, but some markets fell substantially more...
Annual-Average-Utica-Shale-NatGas-Prices-20191010

Utica Production Yielding Higher Tax Collections in Ohio

Utica Shale production continues to drive significant increases in the property taxes collected by counties in Eastern and Southeastern Ohio, according to updated data released by two industry trade groups on Wednesday.
Ten-Largest-US-Natural-Gas-Storage-Facilities-by-Working-Gas-Capacity-20181121

Pent-Up Permian Natural Gas Set for Another Mexican Outlet with Interconnect, Storage Project

San Antonio, TX-based Mirage Energy Corp. announced the signing of an interconnect agreement between its subsidiary WPF Transmission and Whistler Pipeline LLC, providing Permian Basin gas producers the opportunity for further access to Mexican markets.

BLM’s Colorado Oil, Gas Leases Challenged by Environmental Groups

In the latest Colorado turf battle between the oil and gas industry and environmentalists, conservation groups on Tuesday filed a lawsuit against the Trump administration in an effort to stop production on a swath of land roughly a million acres in size.

Natural Gas Increasingly ‘Vilified’ and ‘Demonized,’ Says BP’s Dudley

BP plc CEO Bob Dudley made a forceful argument on Wednesday for the natural gas industry to go on the offense and make the case that it deserves to be part of the global decarbonization solution.

3D"Sign

NGI's Bidweek Alert Day 5 - September 30th for October 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 -- -0.1500 to -0.1000
Texas Eastern S. TX -- -0.1000 to -0.0800
Transco Zone 1 -- -0.0500 to -0.0500
East Texas
Carthage -- -0.3600 to -0.3275
Houston Ship Channel 2.330 to 2.330 --
Katy -- -0.1000 to -0.1000
NGPL TexOk -- -0.4050 to -0.3850
Tennessee Zone 0 North -- -0.3400 to -0.3400
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.330 to 1.800 --
El Paso - Keystone Pool 1.330 to 1.800 --
El Paso - Plains Pool 1.455 to 1.780 --
El Paso - Waha Pool 1.350 to 1.760 --
Transwestern 1.420 to 1.630 --
Transwestern - Central 1.630 to 1.630 --
Transwestern - W. TX 1.420 to 1.630 --
Waha 1.350 to 1.850 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.080 to 2.120 --
Chicago - Nicor Gas 2.110 to 2.120 --
Chicago - NIPSCO 2.080 to 2.110 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.5000 to -0.4700
Dawn 1.790 to 1.950 -0.5350 to -0.4550
Defiance -- --
Rover-ANR -- --
Rover-Panhandle -- --
Emerson -- -0.6000 to -0.5300
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.010 to 2.050 -0.5300 to -0.4850
NGPL Amarillo Mainline -- --
Parkway/Union 1.845 to 1.845 -0.5075 to -0.4900
REX Zone 3 Delivered -- -0.5500 to -0.4800
REX into ANR - Shelby -- -0.5500 to -0.5100
REX into MGT - Edgar -- -0.4800 to -0.4800
REX into NGPL - Moultrie -- -0.5000 to -0.5000
REX into PEPL - Putnam -- -0.5200 to -0.5200
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.720 to 1.750 --
Enable East -- -0.5100 to -0.4600
NGPL Midcontinent 1.715 to 1.740 -0.7700 to -0.7300
Northern Border Ventura -- --
Northern Natural Demarc 1.850 to 2.040 --
Northern Natural Ventura 1.885 to 2.040 --
OGT 1.520 to 1.520 -0.8700 to -0.8700
Panhandle Eastern 1.530 to 1.660 -0.8650 to -0.7700
Southern Star 1.620 to 1.770 --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.3450 to -0.3050
Trunkline Zone 1A -- -0.5000 to -0.3900
South Louisiana
ANR SE -- -0.1000 to -0.0850
Columbia Gulf Mainline -- -0.3900 to -0.3200
Columbia Gulf onshore -- -0.1950 to -0.1650
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to 0.0000
Southern Natural -- -0.0625 to -0.0525
Tennessee Line 500 -- -0.0750 to -0.0500
Tennessee Line 800 -- -0.2000 to -0.2000
Texas Eastern E. LA -- -0.1250 to -0.1175
Texas Eastern W. LA -- --
Texas Gas Zone SL -- -0.1650 to -0.1650
Transco Zone 3 -- -0.0550 to -0.0500
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0700 to 0.0950
Texas Eastern M-1, 30 -- -0.2000 to -0.2000
Transco Zone 4 -- -0.0375 to -0.0275
Transco Zone 5 -- 0.0200 to 0.0425
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0200 to 0.0425
Appalachia
Columbia Gas -- -0.7350 to -0.6700
Dominion North -- -1.0900 to -1.0800
Dominion South -- -1.1125 to -1.0000
Leidy Hub -- --
Millennium East Pool -- -1.1200 to -1.0800
Tenn Zone 4 200L -- -0.5550 to -0.5300
Tennessee Zn 4 313 Pool -- -0.6000 to -0.5600
Tennessee Zn 4 Marcellus -- -1.1950 to -1.1100
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.1100 to -1.0550
Texas Eastern M-3, Delivery -- -0.9975 to -0.8600
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.1500 to -1.0550
Northeast
Algonquin Citygate -- -0.6400 to -0.4500
Algonquin Citygate (non-G) -- -0.6400 to -0.4500
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.4900 to -0.4500
Iroquois, Waddington -- -0.4600 to -0.4500
Niagara -- -0.4500 to -0.4500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.3500 to -0.3500
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.3500 to -0.3500
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -1.0250 to -0.8600
Transco Zone 6 non-NY North -- -1.0250 to -0.8600
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -1.0000 to -0.9300
Rocky Mountains
Cheyenne Hub 1.780 to 1.800 --
CIG 1.720 to 1.725 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.570 to 1.780 --
Kern River 1.960 to 2.090 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 2.400 to 2.750 --
Northwest Wyoming Pool -- --
Opal 1.920 to 2.100 --
Questar -- --
Stanfield 2.020 to 2.020 --
Transwestern San Juan -- --
White River Hub 1.870 to 1.890 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.500 to 2.650 --
California
Malin 2.000 to 2.105 --
PG&E Citygate 3.040 to 3.090 --
SoCal Citygate 3.300 to 3.500 --
Southern Border, PG&E 1.850 to 2.000 --
Southern Border, SoCal 2.400 to 2.630 --
SoCal Border Avg. 2.400 to 2.630 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.400 to 2.600 --
SoCal Border - Kern River Station 2.550 to 2.600 --
SoCal Border - Kramer 2.455 to 2.630 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 2.550 to 2.630 --
Canada
Alliance (APC) - ATP -- --
Empress 1.935 to 2.130 --
NOVA/AECO C 1.630 to 1.950 --
Westcoast Station 2 0.700 to 0.970 --
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.