Story of the Week

BP’s Dudley Applauds Renewables, but Says Oil, Gas Investments Still Necessary
NGI Weekly Intel
The “pressing need” to reduce carbon emissions will require dramatic changes for society and... Read More
2018-bp-energy-outlook-primary-energy-demand-by-sector-region-and-fuel-20181011

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NGI Weekly Newsletter

October 15, 2018

Northwest-Sumas-November-Forward-Basis-Price-20181011

Natural Gas Forwards Surge on Lasting Cold Snap; Rally Halts on Milder Weather Trends

A pre-winter cold snap that caught off guard a market already facing low storage inventories sent November natural gas forward prices up an average 18 cents from Oct. 4-10, according to NGI’s Forward Look.

FERC Orders Bring Trains at Cheniere’s Corpus Christi, Sabine Closer to Service

A pair of FERC orders Thursday brought Cheniere Energy Inc. a step closer to starting up trains at its Corpus Christi and Sabine Pass liquefied natural gas terminals in the Gulf Coast.

Murphy, Petrobras to Jointly Prospect in GOM Deepwater

Murphy Oil Corp. has formed a pact with a unit of Brazil’s Petróleo Brasileiro SA, aka Petrobras, to build a substantial outpost in the U.S. Gulf of Mexico.

Aspen Midstream to Build Austin Chalk Pipeline and Gathering Systems

In another expression of renewed interest in the Austin Chalk, Aspen Midstream LLC said Thursday it is building a large-diameter residue gas pipeline and both lean and rich gas gathering systems in the Giddings Field in South Texas.
Monthly-California-Natural-Gas-Vehicle-Fuel-Consumption-20181010

NGVs Still Have Role to Play in California Energy Policy

California is increasingly focused on zero-emissions transportation technologies such as electric vehicles and hydrogen fuel cells, but natural gas vehicles are still in play with state and utility programs, particularly for the heavy-duty fleet sectors that carry goods and passengers.
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BP’s Dudley Applauds Renewables, but Says Oil, Gas Investments Still Necessary

The “pressing need” to reduce carbon emissions will require dramatic changes for society and...
Nexus-Gas-Transmission-Route-20181010

Nexus Gets FERC Nod to Start Service, Growing Marcellus, Utica Takeaway Options

In a move that should further boost Appalachian export capacity to Midwest markets in time for winter, FERC on Wednesday authorized the greenfield 1.5 Bcf/d Nexus Gas Transmission pipeline to begin service.
SoCal-Citygate-Winter-Forward-Basis-Prices-20181011

SoCal Winter Gas Risks Remain With Pipeline, Storage Limits, State Outlook Says

Southern California enters this winter heating season no different than the last, facing similar concerns as Sempra Energy's Southern California Gas Co. continues to wrestle with the problem of transmission pipeline and underground storage limitations.
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Mexico’s President Elect Reaffirms Opposition To Fracking Despite Natural Gas Output Woes

For the second time since his July 1 electoral victory, Mexican President-Elect Andrés Manuel López Obrador said publicly that his administration will not allow hydraulic fracturing, or fracking, to extract oil and gas.

Enbridge Cleared to Restart One Natural Gas Line in Path of BC Explosion

Enbridge Inc. was given approval late Wednesday to restart an unharmed 30-inch diameter natural gas pipeline that is in the same right-of-way as a 36-inch pipeline that exploded in British Columbia (BC) on Tuesday.
Hurricane-Michael-Forecast-Track-20181010

NatGas Supply, Demand Impacted as Michael Crashes Into Florida Panhandle

Hurricane Michael strengthened into a devastating Category 4 storm before making landfall over the Florida Panhandle Wednesday, causing power outages and oil and gas production shut-ins as it delivered powerful winds, life-threatening storm surge and heavy rains.

Pennsylvania Senators Working on Pipeline Siting Legislation

Three Pennsylvania state senators are planning to introduce legislation that would require the Department of Environmental Protection to develop permit conditions and siting guidelines for pipelines built in the state.
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Colorado's Weld County Tweaks Oil/NatGas Pipeline Permitting Process

After more than a year of stakeholder discussions, the Weld County Board of Commissioners has unanimously approved a new administrative process for oil and natural gas pipelines in the heart of Colorado's Denver-Julesburg (DJ) Basin.
US-Average-Residential-Winter-Heating-Fuel-Prices-20181010

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

Temperatures across most of the United States during December, January and February will be roughly the same as last winter, but...
PEMEX-New-Discoveries-20181010

Pemex Touts Two Shallow Water, Oil-Rich Discoveries

Mexico national oil company Petróleos Mexicanos (Pemex) on Tuesday reported it has discovered two shallow water oilfields off the coast of Tabasco state in the Gulf of Mexico.

Antero Simplifying, Buying Out Midstream MLP

Antero Resources Corp. announced a transaction Tuesday to simplify its corporate structure and eliminate its midstream master limited partnership that would also help to address overall valuation.

Cabot Cuts 3Q Production Guidance on Atlantic Sunrise Delays

Cabot Oil & Gas Corp. said Tuesday its third quarter production is likely to come in below guidance after the Atlantic Sunrise pipeline project came online later than expected and some sales were delayed by changes to the company’s turn-in-line schedule.
3Q18-Top-10-US-Upstream-Oil-and-Gas-Transactions-20181009

Surging U.S. Oil, Gas Dealmaking in 3Q2018 to Continue, Says DrillingInfo

U.S. oil and natural gas dealmaking during the third quarter surged 250% from the second quarter, breaking records...

Three Appalachian Gas Pipeline Projects Advanced by FERC

FERC last week issued letter orders to advance a trio of natural gas pipeline projects in the Appalachian Basin.
NGI-Monthly-Average-Algonquin-Citygate-and-Transco-Leidy-Line-NatGas-Price-Indices-20181009

E&Ps Commit to Leidy South Expansion to Boost Appalachian Takeaway

Just days after Williams reached the finish line on its Atlantic Sunrise project, Transcontinental Gas Pipe Line Co. (Transco) has secured 15-year commitments for 100% of the proposed Leidy South expansion, another Marcellus and Utica shale takeaway project designed to serve East Coast markets.
Atlantic-Coast-Pipeline-20160921211111

Enviros Keep Pressure on FERC to Again Halt All ACP Construction

Environmental groups are stepping up their calls for FERC to stop all construction of the Atlantic Coast Pipeline after the U.S. Court of Appeals for the Fourth Circuit last month stayed federal authorizations allowing the project to work in two national forests.
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Ensco, Rowan Extending Reach by Combining Global Offshore Drilling Fleets

Ensco plc and Rowan Cos. plc agreed Monday to merge in an all-stock transaction, creating one of the largest offshore drilling companies...

West Virginia Supreme Court to Hear Nuisance Case Against Antero

The West Virginia Supreme Court is scheduled to hear oral arguments in a case being appealed by a group of Harrison County landowners that claims Antero Resources Corp.’s operations have created a nuisance and ruined the quality of the area.

Goldboro LNG Clears Big Tribal Obstacle

An aboriginal affairs obstacle has been cleared from the Goldboro LNG plan to launch natural gas exports from Canada’s Atlantic coast.
Greater-Sage-Grouse-Distribution-20150922

Forest Service Moves to Amend Sage Grouse Protection Plans

In another push to revise Obama administration environmental policies, the U.S. Forest Service on Friday issued...
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Former Pemex Chief Points to Mexico's Forgotten Natural Gas Treasure

Concern is growing in Mexico over supplies of natural gas to industry, and the leader of the powerful lobby of Monterrey industrialists, Juan Ignacio Garza, told the daily Reforma on Thursday that "a perfect storm" is brewing in the country.
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Rigs Exit Texas as BHGE U.S. Count Falls to 1,052

The United States dropped two rigs to 1,052 for the week ended Friday (Oct. 5) on a slowdown in oil drilling activity, including declines in Texas, according to data from Baker Hughes, a GE Company.
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U.S. Re-Emerging as Leading Petrochemical Producer on Natural Gas Growth, Says IEA

Petrochemicals are poised to become the largest driver of global oil consumption and eat up another 56 bcm of natural gas by 2030, equivalent to around half of Canada’s total consumption today, the International Energy Agency reported Friday.
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Precision Drilling CEO Calls Deal to Acquire Trinidad a ‘Perfect Fit’

Precision Drilling Corp., Canada’s largest oilfield services operator and third largest U.S. driller, has clinched an agreement...
Monthly-YY-Increases-in-US-Marketed-NatGas-Production-20181004

November NatGas Forwards Soar to Highest Levels in Year; Volatility is Back

Natural gas traders didn’t have to look hard for reasons to drive up forward prices as stubbornly low natural gas storage inventories, delays in service for key pipelines, erratic weather outlooks and a higher-than-usual level of nuclear generation outages caused plenty of jitters mere weeks before the start of winter. November natural gas forward prices rocketed an average 22 cents higher from Sept. 27-Oct. 3, according to NGI’s Forward Look.

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Rollback of Venting/Flaring Rule Should Spare Thousands of Marginal Wells

The Interior Department's plans to rescind most of an Obama-era rule governing associated natural gas...

Mariner East 2 Delays Continue; Start-Up Date Still Unclear

Nearly two years after the 350-mile Mariner East (ME) 2 pipeline was first expected to enter service, natural gas liquids are still not moving through as an Energy Transfer Partners LP (ETP) subsidiary continues to work through regulatory delays.
Monthly-Production-of-Crude-Oil-in-Mexico-vs-Mexican-Crude-Oil-Basket-Price-20181002

Mexico President-Elect’s Vision for Pemex A Reality Or Fantasy?

The price of the international Mexican export mix of crude, as reported by the state oil company Petroleos Mexicanos (Pemex), was $76.34/bbl on Monday (Oct. 1), compared with a year ago when the price was $47.60. Is that a good omen for President-Elect Andrés Manuel López Obrador?

Columbia’s 1.3 Bcf/d WB XPress Gets Partial FERC Nod to Start Service

The same day it OK’d the startup of Atlantic Sunrise, FERC authorized service on another Appalachian takeaway expansion aimed at serving the East Coast, Columbia Gas Transmission LLC’s WB XPress Project.

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.