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Wild Ride Leaves Natural Gas Forwards Much Lower Despite Long-Term Weather Uncertainty
Forward Look
Wild Ride Leaves Natural Gas Forwards Much Lower Despite Long-Term Weather Uncertainty

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Forward Look

December 11, 2019

Prompt-CME-Henry-Hub-Futures-Price-20191205

Wild Ride Leaves Natural Gas Forwards Much Lower Despite Long-Term Weather Uncertainty

After somewhat of a stall in the days leading up to Thanksgiving, natural gas forwards resumed their grind lower between Nov. 26 and Dec. 4.
SoCal-Citygate-Continuous-Prompt-Month-Forward-Basis-Prices-YTD-20191126

Winter Storms Grip West, Send Forward Natural Gas Prices Surging

Volatility was in full force for natural gas forward prices in the days leading up to the long Thanksgiving Day weekend as weather models gave bulls some hope for a cold December, only to flip milder and then trend even warmer in the latest runs.

3D"Sign

NGI's Bidweek Alert Day 5 - November 27th for December 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 -- -0.1175 to -0.1025
Transco Zone 1 -- -0.0850 to -0.0750
East Texas
Carthage -- --
Houston Ship Channel -- -0.1175 to -0.1175
Katy -- -0.1175 to -0.1175
NGPL TexOk -- -0.2050 to -0.1950
Tennessee Zone 0 North -- -0.1800 to -0.1800
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.250 to 1.970 --
El Paso - Keystone Pool 1.250 to 1.550 --
El Paso - Plains Pool 1.500 to 1.970 --
El Paso - Waha Pool 1.350 to 1.570 --
Transwestern 1.350 to 1.400 --
Transwestern - Central 1.400 to 1.400 --
Transwestern - W. TX 1.350 to 1.400 --
Waha 1.250 to 1.570 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.645 to 2.800 --
Chicago - Nicor Gas 2.645 to 2.790 --
Chicago - NIPSCO 2.645 to 2.790 --
Chicago - North Shore -- --
Chicago - Peoples 2.700 to 2.800 --
Consumers Energy -- -0.0600 to 0.0000
Dawn 2.425 to 2.840 0.0500 to 0.1500
Defiance -- --
Rover-ANR -- --
Rover-Panhandle -- --
Emerson -- 0.0400 to 0.1800
Joliet -- --
Lebanon -- -0.0700 to -0.0700
Michigan Consolidated -- -0.1400 to -0.0850
NGPL Amarillo Mainline -- --
Parkway/Union 2.505 to 2.510 0.1650 to 0.2775
REX Zone 3 Delivered -- -0.1300 to -0.0750
REX into ANR - Shelby -- -0.1300 to -0.0750
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1000 to -0.1000
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.500 to 2.505 -0.1600 to -0.1400
Enable East -- -0.3600 to -0.3200
NGPL Midcontinent 1.660 to 1.750 --
Northern Border Ventura -- --
Northern Natural Demarc 2.705 to 2.890 --
Northern Natural Ventura 2.600 to 3.015 0.3500 to 0.3500
OGT -- -0.7650 to -0.7450
Panhandle Eastern 1.920 to 2.100 -0.5600 to -0.5225
Southern Star -- -0.1500 to -0.1500
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.1525
Trunkline Zone 1A -- -0.1600 to -0.1500
South Louisiana
ANR SE -- -0.0775 to -0.0750
Columbia Gulf Mainline -- -0.1825 to -0.1700
Columbia Gulf onshore -- -0.0900 to -0.0750
Florida Gas Zone 2 -- --
Henry Hub -- 0.0000 to 0.0000
Southern Natural -- -0.0625 to -0.0575
Tennessee Line 500 -- -0.0625 to -0.0550
Tennessee Line 800 -- -0.1300 to -0.1100
Texas Eastern E. LA -- -0.1100 to -0.1050
Texas Eastern W. LA -- -0.0725 to -0.0725
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0550 to -0.0525
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0050 to 0.0200
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0500 to -0.0250
Transco Zone 5 -- 0.6050 to 1.0000
Transco Zone 5 North -- 0.8000 to 0.9200
Transco Zone 5 South -- 0.6050 to 1.0000
Appalachia
Columbia Gas -- -0.3650 to -0.3200
Dominion North -- -0.4400 to -0.4100
Dominion South -- -0.4550 to -0.3950
Leidy Hub -- --
Millennium East Pool -- -0.4400 to -0.3900
Tenn Zone 4 200L -- -0.1500 to -0.1400
Tennessee Zn 4 313 Pool -- -0.3800 to -0.3600
Tennessee Zn 4 Marcellus -- -0.5000 to -0.4700
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4550 to -0.4000
Texas Eastern M-3, Delivery -- 0.8300 to 1.2800
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4550 to -0.4200
Northeast
Algonquin Citygate -- 2.4000 to 3.1000
Algonquin Citygate (non-G) -- 2.4000 to 3.1000
Algonquin Receipts -- --
Iroquois Zone 2 -- 2.4500 to 2.7000
Iroquois, Waddington -- 0.5800 to 0.9000
Niagara -- 0.1000 to 0.1000
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.6500 to 0.9900
Transco Zone 6 non-NY North -- 0.6500 to 0.9900
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 1.2000 to 1.6000
Rocky Mountains
Cheyenne Hub 2.170 to 2.400 --
CIG 2.170 to 2.400 --
CIG DJ Basin -- --
El Paso Bondad 2.370 to 2.370 --
El Paso San Juan 2.350 to 2.730 --
Kern River 3.300 to 3.600 --
Kingsgate -- --
Northwest Rockies 2.440 to 2.600 --
Northwest S. of Green River 2.440 to 2.600 --
Northwest Sumas 5.360 to 8.000 --
Northwest Wyoming Pool -- --
Opal 3.180 to 3.930 --
Questar -- --
Stanfield 3.650 to 3.650 --
Transwestern San Juan 2.490 to 2.760 --
White River Hub 2.350 to 2.630 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 4.000 to 4.275 --
California
Malin 3.180 to 3.960 --
PG&E Citygate 3.650 to 4.150 --
SoCal Citygate 6.500 to 7.070 --
Southern Border, PG&E 2.750 to 2.950 --
Southern Border, SoCal 2.850 to 5.000 --
SoCal Border Avg. 2.850 to 5.000 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 4.100 to 4.250 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 4.250 to 5.000 --
SoCal Border - Needles 2.850 to 2.940 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.655 to 3.140 --
NOVA/AECO C 2.480 to 2.990 --
Westcoast Station 2 2.550 to 2.870 --
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 10 years, contact sales at info@natgasintel.com.