Story of the Day

Natural Gas Bears Send Forwards Tumbling Past Key Support; Waha Still Below Zero
Forward Look
A solidly bearish weather outlook sent natural gas forward prices tumbling from April 11-16 as the mild spring setup was expected to significantly improve storage inventories in the weeks ahead, potentially leading to a year/year surplus in stocks. May forward prices dropped an average 11 cents, while June and the balance of summer (May-October) slid a dime on average, according to NGI’s Forward Look. Read More
Hh-bollinger0417

View Archived Issues

Forward Look

April 23, 2019

hh-bollinger0417

Natural Gas Bears Send Forwards Tumbling Past Key Support; Waha Still Below Zero

A solidly bearish weather outlook sent natural gas forward prices tumbling from April 11-16 as the mild spring setup was expected to significantly improve storage inventories in the weeks ahead, potentially leading to a year/year surplus in stocks. May forward prices dropped an average 11 cents, while June and the balance of summer (May-October) slid a dime on average, according to NGI’s Forward Look.
Waha-Balance-of-Summer-Forward-Fixed-Prices-20190411

Natural Gas Forwards Bounce as Spring Maintenance Hits Production

After weeks of softening for natural gas forwards, prices bounced back during the April 4-10 period as production remains down from earlier post-winter highs. May prices rose an average of 4 cents, while June rose a nickel, according to NGI’s Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - March 29th 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 -- -0.1000 to -0.0850
Texas Eastern S. TX -- -0.0975 to -0.0925
Transco Zone 1 -- -0.0650 to -0.0650
East Texas
Carthage -- -0.1650 to -0.1500
Houston Ship Channel -- 0.0000 to 0.0200
Katy -- --
NGPL TexOk -- -0.1700 to -0.1600
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian -0.300 to 1.500 --
El Paso - Keystone Pool -0.300 to 0.450 --
El Paso - Plains Pool 1.300 to 1.500 --
El Paso - Waha Pool -0.300 to 0.250 --
Transwestern -0.100 to 0.120 --
Transwestern - Central -0.050 to -0.050 --
Transwestern - W. TX -0.100 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 -- -0.1000 to -0.0250
Dawn 2.625 to 2.670 -0.0525 to -0.0275
Emerson -- -0.2450 to -0.2300
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.1050 to -0.0700
NGPL Amarillo Mainline -- --
Parkway/Union -- -0.0425 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 2.140 to 2.300 -0.4900 to -0.4900
Enable East -- -0.2250 to -0.1900
Enable West -- --
NGPL Midcontinent 2.140 to 2.230 -0.5100 to -0.5000
Northern Border Ventura -- --
Northern Natural Demarc 2.520 to 2.520 -0.2475 to -0.2400
Northern Natural Ventura -- -0.2500 to -0.2250
OGT 1.740 to 2.100 -0.7000 to -0.6000
Panhandle Eastern 2.100 to 2.200 -0.5850 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 -- -0.1525 to -0.1375
Trunkline Zone 1A -- -0.1550 to -0.1450
South Louisiana
ANR SE -- -0.1050 to -0.1000
Columbia Gulf Mainline -- -0.1650 to -0.1600
Columbia Gulf onshore -- -0.1100 to -0.0925
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to 0.0000
Southern Natural -- -0.0650 to -0.0575
Tennessee Line 500 -- -0.0675 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 -- -0.0600 to -0.0500
Transco Zone 5 -- 0.0000 to 0.0250
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0000 to 0.0250
Appalachia
Columbia Gas -- -0.2375 to -0.2150
Dominion North -- -0.3000 to -0.2750
Dominion South -- -0.3100 to -0.2650
Leidy Hub -- --
Millennium East Pool -- -0.3500 to -0.3200
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 -0.3500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.3300 to -0.2825
Texas Eastern M-3, Delivery -- -0.2300 to -0.1800
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3000 to -0.2700
Northeast
Algonquin Citygate -- 0.1450 to 0.2500
Algonquin Citygate (non-G) -- 0.1450 to 0.2500
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.0300 to 0.1250
Iroquois, Waddington -- 0.0000 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 -- -0.1550 to -0.1450
Rocky Mountains
Cheyenne Hub 2.100 to 2.290 --
CIG 2.250 to 2.280 --
CIG DJ Basin 1.730 to 1.940 --
El Paso Bondad -- --
El Paso San Juan 1.400 to 1.800 --
Kern River 2.390 to 2.570 --
Kingsgate -- --
Northwest S. of Green River 2.260 to 2.325 --
Northwest Sumas 2.430 to 2.750 --
Northwest Wyoming Pool -- --
Opal 2.410 to 2.590 --
Questar -- --
Stanfield 2.500 to 2.580 --
Transwestern San Juan 1.800 to 1.800 --
White River Hub 2.260 to 2.400 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 1.650 to 1.800 --
Kern Delivery 2.900 to 3.150 --
California
Malin 2.530 to 2.660 --
PG&E Citygate 3.645 to 3.710 --
SoCal Citygate 3.700 to 4.400 --
Southern Border, PG&E 1.600 to 2.000 --
Southern Border, SoCal 1.600 to 3.100 --
SoCal Border Avg. 1.600 to 3.100 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.600 to 2.080 --
SoCal Border - Kern River Station 3.000 to 3.000 --
SoCal Border - Kramer 2.920 to 3.100 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.620 to 2.790 --
NOVA/AECO C 1.180 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.




Forward Look prices are in U.S.$/MMBtu for all points including those in Canada. "Fixed Price" represents the forward prices of natural gas delivered for each reference period at the various locations/hubs. "Basis Price" represent the differential, for each reference period, between the Henry Hub and various locations/hubs. The Summer and Winter prices are simple averages of Apr-Oct (7 months) and Nov-Mar (5 months) respectively. "Bal Smr" and "Bal Wtr" prices represent simple averages of the remaining months in those seasonal strips (after at least one month has passed). For daily updates of these natural gas forward basis data in monthly bullets going out 5 years, contact sales at info@natgasintel.com.