Story of the Week

Growing U.S. LNG Market ‘Needs New Instruments’ to Successfully Navigate Future
NGI Weekly Intel
As the United States continues to bolster its position as a leading liquefied natural gas supplier, evolutionary and... Read More
Annual-us-natgas-marketed-production-vs-natgas-consumption-and-exports-20190716

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NGI Weekly Newsletter

July 15, 2019

NGI-Daily-GPI-Waha-NatGas-Price-Index-20190718-v2

Kinder Morgan Eyes Late September Start-Up for Permian Pipe; Elba LNG Expected Online Soon

Kinder Morgan Inc. executives have confirmed the rumors that have circulated in the oil and natural gas industry for months, indicating that a full ramp-up of its highly anticipated Gulf Coast Express natural gas pipeline is expected a week to 10 days earlier than its planned Oct. 1 start date.

Long-Idled SoCalGas Transmission Pipeline Poised to Restart

After almost two years out of service, Southern California Gas Co. plans to restart Line 235, a 30-inch diameter pipeline that carries natural gas from the Arizona border through the high desert and into the Los Angeles Basin.

Natural Gas Trading, Marketed Production Hit Record Highs in 2018, Firm Says

The amount of natural gas traded in the United States increased in 2018 for the fourth year in a row, reaching a record high, and marketed production also reached new heights, according to an analysis of FERC Form 552 submissions by Cornerstone Research.
Monthly-North-Dakota-Crude-Oil-Production-and-North-Dakota-Light-Sweet-Price-20190718

North Dakota’s Bakken Production Flattens, Rig Count Declines

Squeezed by commodity prices and natural gas capture goals, Bakken Shale production results flattened in...

U.S. E&P, OFS 2Q Results Forecast as More Fizzle, Less Sizzle

Capital discipline, consolidation and whether the crunch in oil and natural gas prices will continue to stifle Lower 48 drilling are expected to be the topics du jour during the second quarter earnings season.

Columbia Files at FERC for Mainline Pool-to-KMLP Louisiana XPress Project

TC Energy Corp. subsidiary Columbia Gulf Transmission LLC has filed an abbreviated application at FERC to build, own and operate the Louisiana XPress (LAXP) natural gas pipeline project, which would provide open access firm transportation service through the expansion of existing capacity on Columbia's current pipeline system.
IEnova-Sonora-Pipeline-and-Neighboring-Natural-Gas-Infrastructure-20190717

IEnova Scores Apparent Victory In Sonora Gas Pipeline Ruling

A federal judge in Mexico’s Sonora state last week threw out an injunction that was preventing the 510 MMcf/d Guaymas-El Oro natural gas pipeline from resuming commercial operations.

Kinder Morgan Receives FERC Approval for Gulf LNG Export Project

Federal regulators on Tuesday approved additional liquefied natural gas (LNG) exports from the Gulf Coast, granting Kinder Morgan Inc. (KMI) authorization to site, construct and operate the proposed Gulf LNG project.

Interior to Move BLM Headquarters West to Colorado

The U.S. Department of the Interior's (DOI) Bureau of Land Management (BLM) plans to move its headquarters to Grand Junction, CO, from its current base in Washington, DC, according to Sen. Cory Gardner (R-CO).

North Dakota Supreme Court Sides with State in Newfield Royalties Case

The North Dakota Supreme Court has sided with the state in a ruling against Newfield Exploration Co., now part of Encana Corp., which it said had underpaid oil and gas royalties.
Transco-Proposed-Northeast-Supply-Enhancement-Project-20160512-v2-1

National Grid Turns to Customers to Support Transco Natural Gas Expansion

National Grid has turned to its customers to help build support for Transcontinental Gas Pipe Line Co. LLC’s imperiled Northeast Supply Enhancement Project, which it claims would help ease natural gas shortages in New York City.
Annual-US-NatGas-Marketed-Production-vs-NatGas-Consumption-and-Exports-20190716

Growing U.S. LNG Market ‘Needs New Instruments’ to Successfully Navigate Future

As the United States continues to bolster its position as a leading liquefied natural gas supplier, evolutionary and...

Big Seven Unconventional Play Production to Near 82 Bcf/d in August, Says EIA

Production from the United States' seven most prolific onshore unconventional plays will continue its lengthy streak of month-to-month increases in August, with natural gas output expected to reach 81.96 Bcf/d and oil 8.55 million b/d, according to the U.S. Energy Information Administration (EIA).

Permian-Focused Callon to Take Eagle Ford Assets in $3.2B Acquisition of Carrizo

Houston-based Callon Petroleum Co.’s board has approved the acquisition of Carrizo Oil & Gas Inc., adding Eagle Ford Shale-centered assets to Callon’s portfolio.
Carlos-Urzua-20190715

Uncertainty Swirls Around Pemex, CFE, Following Finance Minister Resignation

Uncertainty over the direction of Mexico’s state oil and power companies continues to build following the abrupt resignation last week of finance minister Carlos Urzúa.

More U.S. LNG Exports to China, Other Deals Could Threaten Energy Security, Analysts Tell Senate

While domestic liquefied natural gas developers touted increased exports as a means of improving the country’s trade balance with China, industry experts told members of the U.S. Senate they have major concerns that business dealings with Beijing could undermine U.S. economic security.
Leviathan-Platform-20190715

Noble Energy Nears First Natural Gas Sales From Leviathan

Houston-based Noble Energy Inc. is just months away from delivering commercial gas in Israel’s Leviathan field, with sales scheduled to start by the end of the year.

Problematic Natural Gas Storage Well Design Said Widely Used in U.S.

The majority of U.S. underground natural gas storage wells are close to population centers and use a problematic design, according to Harvard University researchers.
Top-15-Conventional-Discoveries-20190715-v2

Deepwater a Natural Gas Treasure Trove of Discoveries in 2019

Natural gas and oil discoveries around the world have continued to show promising growth this year, with new finds totaling...
NGI-Daily-Dominion-South-Natural-Gas-Price-Index-20190715

More Appalachian Pipelines Needed to Match Production Growth, RBN Says

Appalachian producers are finally enjoying the benefits of surplus pipeline capacity that matches their prolific natural gas volumes, but more will be needed in the coming years to prevent additional bottlenecks that have long plagued the region and undercut local prices, according to RBN Energy LLC.

California Oil, Gas Supervisor Fired for Alleged Permitting Conflicts

California Gov. Gavin Newsom has fired the state's chief oil and natural gas regulator for allegedly approving increased drilling permits, some to companies in which key staff members own stock.

Venture Global Adds Backing for Gulf Coast LNG Export Projects

I Squared Capital has dished out $460 million to move along massive liquefied natural gas export projects being developed along the Gulf Coast by Venture Global LNG.
GoldboroLNGsite-NGIMap1

Goldboro LNG Project Delayed Until September 2020

A European sales contract deadline for a firm construction commitment by the proposed first Canadian east coast natural gas export terminal, Goldboro LNG, has been postponed until the end of September 2020.
sdbaker0712

Pullback for Permian, Eagle Ford Leads U.S. Rig Count Lower

Driven by sharp declines in the Permian Basin and Eagle Ford Shale, the U.S. rig count fell five units to 958 for the week ended July 12, according to the latest numbers from Baker Hughes, a GE Company.
Arturo-Carranza-20190701

Q&A with Arturo Carranza on Mexico’s Natural Gas Market Development

NGI: How important is natural gas to the Mexican economy?

Carranza: Currently, natural gas is essential to the development of economic activities in the country, particularly for electricity generation and industrial processes, which in 2018 contributed 31.2% to national gross domestic product.

KLAW-LNG-Hose-Transfer-System-20190712

KLAW, Shell Expanding LNG Bunkering Opportunities with Hose Transfer System

Signum Technology Group’s KLAW LNG and Royal Dutch Shell plc have engineered and conducted a ship-to-ship hose transfer system bunkering operation using the liquefied natural gas bunker vessel Cardissa.

California Governor Signs Fast-Tracked $21B Wildfire Relief Legislation

Pushed by first-year Gov. Gavin Newsom to act before their summer recess, California legislators on Thursday passed a more comprehensive approach to providing citizens and major electricity providers protection against the devastating physical and financial impacts of wildfires. Newsom signed the bill Friday morning.
FLPrice Change 20190711

Surprise Shift to Record July Heat Sends Natural Gas Forwards Surging; Market Eyeing Barry

While fireworks lit up the night sky on the July Fourth holiday, natural gas forward prices put on a show of their own...

Global FLNG Capacity Forecast to More than Double by 2022

Floating liquefied natural gas capacity in the next three years is predicted to more than double globally, as projects on both coasts of Africa and a second Malaysian export facility have been sanctioned for investment, Fitch Solutions said in a report Thursday.

Pennsylvania Well Permits Declined in 2018 but NatGas Production Hit Record Levels

Unconventional well permitting in Pennsylvania declined in 2018 by about 8% year/year as natural gas prices remained depressed and operators drilled longer laterals instead of developing more wells, according to the annual oil and gas report by the state Department of Environmental Protection (DEP).
Monthly_US_Propane_Exports_20190711

Fueled by Montney, Canadian Propane Heading Overseas with AltaGas Export Start Up

The Canadian natural gas industry has sailed into overseas markets for the first time with propane shipped from an export terminal erected on the Pacific...
Tango-FLNG-20190711

Vaca Muerta Boom Leads to First LNG Out of Argentina; More to Come

Argentina in June started exporting liquefied natural gas (LNG) for the first time in its history, marking a new milestone for the Vaca Muerta shale formation in Neuquén province and a portent of much more to come.
NGI-Monthly-Average-Marcellus-Shale-Price-Index-and-Appalachian-NatGas-Production-20190711

Rice Family Expected to Execute for EQT When Honeymoon Ends

After a remarkable victory to take control of Appalachian natural gas powerhouse EQT Corp. this week, the Rice family is expected to begin slashing costs and redirecting how the exploration and production (E&P) company works its core assets in the Marcellus and Utica shales, according to financial analysts.
Deliveries-to-Freeport-LNG-20190711

Freeport LNG Inches Forward with Latest FERC Approval; Total, Tellurian Clinch Deal

Progress continues in bringing online the third liquefied natural gas (LNG) export facility along the Gulf Coast after federal authorities approved some commissioning activities at Freeport LNG.

Natural Gas Expected to Replace Most Coal Capacity Lost to Shrinking Utility Demand

Amid efforts to reduce greenhouse gas emissions from the U.S. power grid, natural gas-fired generation will replace most of the thermal-coal electric-generation capacity that’s heading toward retirement, according to a new report from Moody’s Investors Service. 

3D"Sign

NGI's Bidweek Alert Day 5 - June 28th for July 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 -- --
Texas Eastern S. TX -- -0.0800 to -0.0800
Transco Zone 1 -- -0.0900 to -0.0900
East Texas
Carthage -- -0.2100 to -0.1850
Houston Ship Channel 2.320 to 2.345 0.0150 to 0.0250
Katy -- --
NGPL TexOk -- -0.2250 to -0.2200
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.050 to 1.300 --
El Paso - Keystone Pool 0.050 to 0.170 --
El Paso - Plains Pool 1.150 to 1.300 --
El Paso - Waha Pool 0.100 to 0.180 --
Transwestern 0.140 to 0.170 --
Transwestern - Central 0.150 to 0.170 --
Transwestern - W. TX 0.140 to 0.150 --
Waha 0.050 to 0.350 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.065 to 2.130 --
Chicago - Nicor Gas 2.065 to 2.105 --
Chicago - NIPSCO 2.100 to 2.130 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.1650 to -0.1575
Dawn 2.115 to 2.160 -0.1900 to -0.1625
Emerson -- -0.3050 to -0.2650
Joliet -- --
Lebanon -- -0.2500 to -0.2500
Michigan Consolidated 2.110 to 2.110 -0.2025 to -0.1900
NGPL Amarillo Mainline 1.860 to 1.880 --
Parkway/Union 2.125 to 2.125 -0.1700 to -0.1625
REX Zone 3 Delivered -- -0.2700 to -0.2500
REX into ANR - Shelby -- -0.2700 to -0.2500
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.2550 to -0.2500
REX into Trunk - Douglas -- -0.2575 to -0.2550
Midcontinent
ANR SW 1.555 to 1.690 --
Enable East -- -0.2500 to -0.2150
NGPL Midcontinent 1.630 to 1.660 -0.6600 to -0.6000
Northern Border Ventura -- --
Northern Natural Demarc 1.920 to 1.965 --
Northern Natural Ventura 1.970 to 1.990 --
OGT 1.585 to 1.585 -0.8700 to -0.8500
Panhandle Eastern 1.450 to 1.560 -0.8850 to -0.7250
Southern Star -- -0.6200 to -0.6100
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.2350 to -0.2100
Trunkline Zone 1A -- -0.2500 to -0.2400
South Louisiana
ANR SE -- -0.1200 to -0.1200
Columbia Gulf Mainline -- -0.2350 to -0.2200
Columbia Gulf onshore -- -0.1300 to -0.1300
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0050
Southern Natural -- -0.0800 to -0.0775
Tennessee Line 500 -- -0.0950 to -0.0850
Tennessee Line 800 -- -0.1150 to -0.1125
Texas Eastern E. LA -- -0.1700 to -0.1650
Texas Eastern W. LA -- -0.0900 to -0.0800
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0525 to -0.0525
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0200 to 0.0375
Texas Eastern M-1, 30 -- -0.1700 to -0.1700
Transco Zone 4 -- -0.0425 to -0.0350
Transco Zone 5 -- 0.0500 to 0.0575
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0500 to 0.0575
Appalachia
Columbia Gas -- -0.3175 to -0.2850
Dominion North -- -0.3900 to -0.3750
Dominion South -- -0.3900 to -0.3600
Leidy Hub -- --
Millennium East Pool -- -0.4500 to -0.3700
Tenn Zone 4 200L -- -0.3000 to -0.2300
Tennessee Zn 4 313 Pool -- -0.3150 to -0.2900
Tennessee Zn 4 Marcellus -- -0.5100 to -0.4400
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4075 to -0.3750
Texas Eastern M-3, Delivery -- -0.2850 to -0.2400
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4050 to -0.3650
Northeast
Algonquin Citygate -- -0.1400 to -0.1150
Algonquin Citygate (non-G) -- -0.1400 to -0.1150
Algonquin Receipts -- -0.3500 to -0.3500
Iroquois Zone 2 -- -0.1450 to -0.1100
Iroquois, Waddington -- -0.1500 to -0.1350
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.1200 to -0.1200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.1200 to -0.1200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2450 to -0.2250
Transco Zone 6 non-NY North -- -0.2450 to -0.2250
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.2250 to -0.2100
Rocky Mountains
Cheyenne Hub 1.615 to 1.700 --
CIG 1.580 to 1.755 --
CIG DJ Basin 1.200 to 1.300 -1.1000 to -1.1000
El Paso Bondad -- --
El Paso San Juan 1.840 to 1.850 --
Kern River 1.910 to 1.960 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 2.000 to 2.180 --
Northwest Wyoming Pool -- --
Opal 1.930 to 2.000 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub 1.845 to 1.870 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 2.550 to 2.550 --
Kern Delivery 2.850 to 2.900 --
California
Malin 1.980 to 2.050 --
PG&E Citygate 2.670 to 2.800 --
SoCal Citygate 3.700 to 4.080 --
Southern Border, PG&E 2.100 to 2.160 --
Southern Border, SoCal 2.500 to 2.850 --
SoCal Border Avg. 2.500 to 2.850 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.500 to 2.550 --
SoCal Border - Kern River Station 2.850 to 2.850 --
SoCal Border - Kramer -- --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP 1.050 to 1.050 --
Empress 2.000 to 2.090 --
NOVA/AECO C 0.520 to 0.685 --
Westcoast Station 2 0.500 to 0.700 --
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.