Story of the Day

U.S. Investors Seek LNG Export License for Quebec Terminal
Daily GPI
The lineup to launch Canadian liquefied natural gas exports spread Monday to Quebec, where a new Montreal firm created by U.S. investors... Read More
Northeast_lng_facilities-20141028

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NGI's Daily Gas Price Index

October 29, 2014

More Gas Generation, Low Gas Prices in PGE's Future, CEO Says

Portland General Electric (PGE) has more than a billion dollars worth of new generation coming to fruition in the next two years, and $750 million is tied up in two new natural gas-fired plants, according to PGE CEO Jim Piro. Read More

B&V Survey Finds NatGas and Power Increasingly Linked

The thirst for natural gas among power generators is predicted to see "material" increases by 2020, according to a survey of energy industry participants recently conducted by Black & Veatch (B&V). Read More

Real Cold Not Here Yet; Expiring November Contract Seen 2 Cents Lower

The expiring November natural gas futures contract is seen opening 2 cents lower Wednesday morning at $3.63 as traders square books and see the market at oversold conditions. Overnight oil markets rose. Read More

New England, Gulf Losses Outdo Gains Elsewhere; Futures Bounce Off New Low

Gas for delivery Wednesday was mixed in Tuesday's trading with downturns in New England and the Gulf Coast just outlasting market strength in the Mid-Atlantic, Marcellus, Great Lakes and California. Overall, the market fell a penny. Read More

Falling Oil Prices Squeezing Onshore E&P Operators

It's only a "matter of weeks" before onshore operators begin laying down rigs in some U.S. oilfields, one industry observer told NGI on Tuesday. Onshore exploration and production (E&P) companies also are seeking price relief from oilfield service operators, according to one energy analyst. Read More

No Quick Fix for CPUC Gas Cases, PG&E CEO Says

Pacific Gas and Electric Co.'s (PG&E) regulatory and legal woes will not be over anytime soon, and in the meantime the combination utility continues to push back against what it considers excessive penalties proposed by state regulators, CEO Tony Earley said Tuesday. Read More

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia's OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin. Read More
Northeast_LNG_Facilities-20141028

U.S. Investors Seek LNG Export License for Quebec Terminal

The lineup to launch Canadian liquefied natural gas exports spread Monday to Quebec, where a new Montreal firm created by U.S. investors... Read More

North Dakota Expects More Action on Methane Emissions

In tandem with natural gas flaring, methane emissions promise to be a growing issue for North Dakota state officials and the oil and gas industry, the head of the state environmental health section in the Department of Health told NGI'sShale Daily on Monday. Read More

Independent Eyes More Drilling in Northern California

San Diego-based Royale Energy Inc., a small independent with some big plans for Alaska's North Slope shale plays, is launching a drilling program in the Sacramento Basin dry natural gas fields, following a successful well in Tehama County, 130 miles north of the state capital. Read More

Weather Models Hint At Cold Snap; November Seen a Penny Higher

November natural gas is set to open a penny higher Tuesday morning at $3.57 as traders prepare for options expiration and factor in a shot of cold weather in key eastern and western markets. Overnight oil markets rose. Read More

Industry Briefs

Cash Gains, But Futures Slump Further

The warm weather switch got turned off for Tuesday and next-day gas prices rose as forecasts in major energy markets called for temperatures Tuesday as much as 15 degrees lower. Read More

U.S. Energy Industry CEOs Optimistic on Prospects, Profits to 2017

U.S. energy CEOs are optimistic about the industry and their growth for the next three years, with nearly two-thirds expecting their best profits in 2016 and 2017, a survey by KPMG LLP has found. Read More

Sasol Green Lights $8B Louisiana Ethane Cracker Complex

Sasol Ltd. on Monday pulled the trigger on an $8.1 billion ethane cracker and derivatives complex at its Lake Charles, LA, facility, an expansion that should triple the South African company's chemical production capacity in the United States. Read More

Sign Up for Bidweek Alert

NGI's Bidweek Alert - November: Day 2 October 28, 2014
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 -- -0.145 to -0.13
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.10 to -0.08
East Texas
Carthage -- -0.095 to -0.095
Houston Ship Channel 3.55 to 3.55 --
Katy -- --
NGPL TexOk 3.47 to 3.51 -0.075 to -0.07
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 3.38 to 3.41 --
Transwestern 3.35 to 3.39 --
Waha -- --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.68 to 3.75 0.125 to 0.125
Consumers Energy -- 0.135 to 0.155
Dawn -- --
Emerson -- --
Joliet -- --
Michigan Consolidated -- 0.13 to 0.155
Midcontinent
ANR SW 3.37 to 3.41 --
Enable East -- -0.175 to -0.175
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 3.37 to 3.40 --
Northern Border Ventura -- --
Northern Natural Demarc 3.63 to 3.65 --
Northern Natural Ventura 3.60 to 3.65 --
OGT 3.31 to 3.33 -0.26 to -0.26
Panhandle Eastern 3.30 to 3.36 -0.27 to -0.20
Southern Star 3.37 to 3.38 --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.09 to -0.08
Trunkline Zone 1A -- -0.0825 to -0.08
South Louisiana
ANR SE -- -0.075 to -0.0725
Columbia Gulf Mainline -- -0.0925 to -0.085
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.01 to 0.01
Southern Natural -- -0.0325 to -0.03
Tennessee Line 500 -- -0.05 to -0.05
Tennessee Line 800 -- --
Texas Eastern E. LA -- -0.0825 to -0.0825
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- --
Trunkline W. LA -- --
Alabama/Mississippi
Florida Gas Zone 3 -- 0.005 to 0.01
Texas Eastern M-1, 30 -- -0.14 to -0.14
Transco Zone 4 -- -0.025 to -0.02
Florida
FGT Citygate -- --
Rocky Mountains
Cheyenne Hub 3.42 to 3.42 --
CIG 3.31 to 3.37 --
CIG DJ Basin 3.29 to 3.32 --
El Paso Bondad -- --
El Paso non-Bondad 3.38 to 3.39 --
Kern River 3.43 to 3.45 --
Kingsgate -- --
Northwest S. of Green River 3.35 to 3.35 --
Northwest Sumas -- --
Northwest Wyoming Pool -- --
Opal 3.41 to 3.45 --
Questar -- --
Stanfield -- --
Transwestern San Juan 3.43 to 3.44 --
White River Hub 3.37 to 3.39 --
Northeast
Algonquin Citygate -- 1.83 to 2.00
Algonquin Receipts -- --
Clarington (non-Tenn) -- --
Clarington, Tennessee -- --
Columbia Gas -- -0.13 to -0.09
Dominion South -- -1.72 to -1.63
Dominion North -- --
Dracut -- --
Iroquois Zone 2 -- 0.40 to 0.50
Iroquois, Waddington -- 0.30 to 0.375
Lebanon -- --
Leidy Hub -- --
Millennium East Pool -- -1.75 to -1.75
Niagara -- --
Tenn Zone 4 200L -- -1.40 to -1.40
Tennessee Zn 4 313 Pool -- -1.75 to -1.75
Tennessee Zn 4 Marcellus -- -1.95 to -1.95
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 1.83 to 2.00
Tenn Zone 6 300L -- --
Texas Eastern M-2, 30 -- -1.66 to -1.63
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.66 to -1.63
Texas Eastern M-3 -- -1.53 to -1.40
Texas Eastern M-3, Delivery -- -1.53 to -1.40
Texas Eastern M-3, Receipt -- --
Transco Zone 5 -- 0.12 to 0.15
Transco Zone 6 non-NY -- -1.15 to -0.40
Transco Zone 6 non-NY North -- -1.15 to -1.08
Transco Zone 6 non-NY South -- -0.45 to -0.40
Transco Zone 6 NY -- -1.00 to -1.00
Transco-Leidy Line -- -1.84 to -1.79
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 3.50 to 3.53 --
PG&E Citygate 4.04 to 4.08 --
SoCal Citygate 3.77 to 3.78 --
Southern Border, PG&E 3.60 to 3.60 --
Southern Border, SoCal 3.60 to 3.65 --
SoCal Border Avg. 3.60 to 3.65 --
Canada
Empress -- --
NOVA/AECO C -- --
Westcoast Station 2 -- --