Two leading Price Reporting Agencies (PRA) indicated that the decline in reported transactions has leveled off in recent years, and they remain confident that the data received from the market is sufficient to determine published natural gas indexes. Representatives from Natural Gas Intelligence and S&P Global Platts each cited recent stabilization in reporting numbers and…
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Oil and natural gas activity in the Lone Star State remained flat through the first quarter, both year/year and sequentially, even as oil prices improve and production is at record levels and climbing, according to the Texas Petro Index (TPI).
Oil and natural gas sector activity continued its momentum during the third quarter across Texas, northern Louisiana and southern New Mexico, according to a survey of energy executives, but many are concerned that it’s going to take awhile before any relief in pipeline constraints in the Permian Basin.
The Mexican energy regulator plans to publish prices for six natural gas trading regions, with the first report due later this month.
Natural gas trading volumes reported to the Mexican energy regulator in August more than doubled over the previous month.
Marketers in Mexico sold natural gas at an average of price $4.10/MMBtu in July, the first month since the country implemented its capacity reservation regime.
Mexico marketers sold natural gas at an average of price $4.10/MMBtu in July, the first month since the country implemented its capacity reservation regime.
The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.
FERC has approved index price changes in their respective tariffs proposed by multiple pipelines owned/operated by Kinder Morgan Inc. (KMI) to reference index prices published by Natural Gas Intelligence (NGI) instead of those published by Intercontinental Exchange as the latter will soon cease to exist as an independent publisher of natural gas price indexes. The pipelines affected are Cheyenne Plains Gas Pipeline Co LLC [RP17-508]; Sierrita Gas Pipeline LLC [RP17-509]; Ruby Pipeline LLC [RP17-512]; El Paso Natural Gas Co. LLC [RP17-504]; Wyoming Interstate Co. LLC [RP17-505]; and Colorado Interstate Gas Co. LLC [RP17-486]. Also making similar changes in index pricing to NGIare KMI’s Young Gas Storage Co. Ltd. [RP17-484] and Keystone Gas Storage LLC [PR17-30]. NGI, which has been publishing wholesale natural gas prices for more than 30 years, is an approved price reporting agency in compliance with the Federal Energy Regulatory Commission’s 2003 policy statement [PL03-3] on wholesale natural gas and electricity price indexes.
Higher prices for oil and natural gas, as well as increased drilling activity, drove the Oklahoma Energy Index to its fastest increase in more than five years, according to the providers of the index.