Story of the Day

Denton, TX, Votes Fracking Out, Lawsuits In
Shale Daily
Nearly 59% of voters in Barnett Shale town Denton, TX, chose to ban hydraulic fracturing, making it the first Texas city to do so... Read More
Barnett_well_count-20141105

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NGI's Shale Daily

November 6, 2014

Calif_Refineries_Crude_Sources-20141105

Barges Delivering More Bakken Crude to California Than Rail, Says State

Concern about crude oil rail accidents has drawn the attention of regulators and the public, but more Bakken Shale crude oil today is, for the first time, being transported into California via barge, according to the California Energy Commission (CEC). Read More

Fracking, Drilling Find Support in Western Elections

Defeat of an anti-drilling measure in Santa Barbara County, CA, and the re-election of Colorado Gov. John Hickenlooper on Tuesday provided new encouragement to industry-backed supporters of hydraulic fracturing (fracking) and continued development of the nation's unconventional energy resources. Read More

Texas Oilfields Push Devon Production Forecast 3% Higher

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter. Read More

Midterm Elections a Mixed Bag for Appalachian Basin's Oil, Gas Industry

Tuesday's midterm elections produced mixed results for the future of shale gas development in the Appalachian Basin, but the spotlight was overwhelmingly fixed on Democratic Governor-elect Tom Wolf's defeat of Republican incumbent Gov. Tom Corbett and its implications for the industry. Read More

Chesapeake Now 'Weapons-Grade' on Attacking Costs, Pushing Value, Says Lawler

Given a mandate to optimize metrics across the board, Chesapeake Energy Corp.'s operations teams grabbed their axes and took to chopping, a task so well performed over the past year that CEO Doug Lawler on Wednesday declared them "weapons-grade." Read More

Rex Energy Tempers 2015 Outlook

Rex Energy Corp. is pulling back slightly on spending and its rig count in the Appalachian Basin for 2015 after building its asset base and experimenting with technologies and strategies in recent quarters, management said Wednesday in reporting third quarter results. Read More

MDU to Sell E&P Unit, Pursue Second North Dakota Refinery

Bismarck, ND-based MDU Resources Group is putting its oil/natural gas exploration and production business unit on the sale block next year to focus more on its utility, pipeline/services and construction units, CEO David Goodin said Tuesday. Read More

Plains-Enterprise JV Expanding Texas Condensate Capability

Plains All American Pipeline LP and Enterprise Products Partners LP are constructing a condensate gathering system into their Three Rivers, TX, terminal and doubling the mainline capacity of their Eagle Ford Joint Venture Pipeline from Three Rivers to Corpus Christi, TX. Read More
Barnett_Well_Count-20141105

Denton, TX, Votes Fracking Out, Lawsuits In

Nearly 59% of voters in Barnett Shale town Denton, TX, chose to ban hydraulic fracturing, making it the first Texas city to do so... Read More

Industry Brief

Marathon's U.S. Onshore Can Weather Price Downturn, Executives Say

Marathon Oil Corp.'s U.S. resource plays can hold their own in a low-price environment, and the company's U.S. drilling program is expected to proceed essentially unchanged from plan, executives said Tuesday. Read More

More Ohio NatGas Processing Scheduled for Start-Up This Month

Two new cryogenic processing plants are expected to begin operations in Ohio's Utica Shale this month, representing a combined 400 MMcf/d of capacity for producers in the region with shut-in wells waiting for it. Read More
sandridge-xop-stock-performanceV2-20141104

SandRidge Delays Quarterly Results Pending SEC Review

SandRidge Energy Inc. said Tuesday it will delay filing its 3Q2014 report until it has resolved a "routine review" by the U.S. Securities and Exchange Commission (SEC), which could result in restating almost two years of earnings results. Read More
Sherwood_North-dakota_Daily_Imports-20141104

Aux Sable Expanding Illinois Processing Facilities

Calgary-based Aux Sable Liquid Products LP plans to spend $130 million to increase processing capabilities at its facilities in Channahon, IL... Read More

Municipalities in Eight Shale States Collecting Adequate Revenue From Oil, Gas Development

A study released by the Duke University Energy Initiative found that oil and gas production is generating significant revenue for local governments in eight states with active shale development, providing them with adequate funds to handle the increased costs associated with industry development. Read More

Sign Up for Bidweek Alert

NGI's Bidweek Alert - November: Day 5 October 31, 2014
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- -0.03 to -0.03
NGPL S. TX 3.66 to 3.66 --
Tennessee Zone 0 South -- -0.165 to -0.13
Texas Eastern S. TX -- -0.11 to -0.105
Transco Zone 1 -- -0.125 to -0.08
East Texas
Carthage -- -0.095 to -0.08
Houston Ship Channel 3.55 to 3.70 --
Katy 3.54 to 3.74 --
NGPL TexOk 3.47 to 3.65 -0.08 to -0.07
Tennessee Zone 0 North -- -0.16 to -0.16
Texas Eastern E. TX -- -0.14 to -0.10
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 3.38 to 3.53 --
Transwestern 3.35 to 3.39 --
Waha 3.37 to 3.42 --
Midwest
Alliance -- 0.145 to 0.145
ANR ML7 -- 0.19 to 0.20
Chicago Citygate 3.68 to 3.93 0.125 to 0.185
Consumers Energy -- 0.12 to 0.155
Dawn 3.77 to 4.08 0.20 to 0.275
Emerson -- 0.14 to 0.27
Joliet -- 0.145 to 0.145
Michigan Consolidated 3.83 to 3.90 0.1075 to 0.155
Midcontinent
ANR SW 3.37 to 3.59 -0.17 to -0.14
Enable East 3.48 to 3.63 -0.1775 to -0.175
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 3.37 to 3.61 -0.1825 to -0.1825
Northern Border Ventura 3.74 to 3.90 --
Northern Natural Demarc 3.63 to 4.00 0.06 to 0.06
Northern Natural Ventura 3.60 to 3.91 --
OGT 3.30 to 3.58 -0.26 to -0.26
Panhandle Eastern 3.28 to 3.61 -0.27 to -0.17
Southern Star 3.37 to 3.62 --
North Louisiana/Arkansas
Perryville -- -0.05 to -0.05
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.09 to -0.08
Trunkline Zone 1A -- -0.10 to -0.0775
South Louisiana
ANR SE -- -0.075 to -0.07
Columbia Gulf Mainline -- -0.095 to -0.085
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- -0.025 to 0.01
Henry Hub 3.75 to 3.88 0.005 to 0.01
Southern Natural 3.55 to 3.55 -0.04 to -0.0275
Tennessee Line 500 -- -0.07 to -0.05
Tennessee Line 800 -- -0.09 to -0.08
Texas Eastern E. LA -- -0.11 to -0.08
Texas Eastern W. LA -- -0.08 to -0.08
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0375 to -0.02
Trunkline E. LA -- --
Trunkline W. LA -- -0.01 to -0.01
Alabama/Mississippi
Florida Gas Zone 3 3.76 to 3.76 -0.025 to 0.02
Texas Eastern M-1, 30 -- -0.14 to -0.12
Transco Zone 4 -- -0.03 to -0.015
Florida
FGT Citygate -- --
Rocky Mountains
Cheyenne Hub 3.42 to 3.45 --
CIG 3.31 to 3.57 --
CIG DJ Basin 3.29 to 3.59 --
El Paso Bondad 3.35 to 3.58 --
El Paso non-Bondad 3.38 to 3.61 --
Kern River 3.41 to 3.64 --
Kingsgate -- --
Northwest S. of Green River 3.33 to 3.37 --
Northwest Sumas 3.55 to 3.69 --
Northwest Wyoming Pool 3.36 to 3.59 --
Opal 3.41 to 3.64 --
Questar 3.33 to 3.33 --
Stanfield -- --
Transwestern San Juan 3.40 to 3.62 --
White River Hub 3.37 to 3.43 --
Northeast
Algonquin Citygate -- 1.83 to 2.16
Algonquin Receipts -- --
Clarington (non-Tenn) -- --
Clarington, Tennessee -- --
Columbia Gas -- -0.13 to -0.075
Dominion South -- -1.72 to -1.49
Dominion North -- -1.76 to -1.535
Dracut -- --
Iroquois Zone 2 4.70 to 4.95 0.40 to 1.25
Iroquois, Waddington -- 0.30 to 0.45
Lebanon -- -0.02 to 0.01
Leidy Hub -- -1.68 to -1.55
Millennium East Pool -- -1.75 to -1.47
Niagara -- -1.10 to -1.00
Tenn Zone 4 200L -- -1.40 to -1.20
Tennessee Zn 4 313 Pool -- -1.85 to -1.75
Tennessee Zn 4 Marcellus 1.85 to 1.85 -2.00 to -1.62
Tenn Zone 5 200L -- -1.58 to -1.12
Tenn Zone 5 300L -- -1.60 to -1.60
Tenn Zone 6 200L -- 1.83 to 2.00
Tenn Zone 6 300L -- --
Texas Eastern M-2, 30 -- -1.68 to -1.39
Texas Eastern M-2, 30 Delivery -- -1.66 to -1.47
Texas Eastern M-2, 30 Receipt -- -1.68 to -1.39
Texas Eastern M-3 -- -1.53 to -1.16
Texas Eastern M-3, Delivery -- -1.53 to -1.16
Texas Eastern M-3, Receipt -- --
Transco Zone 5 -- 0.10 to 0.195
Transco Zone 6 non-NY 2.80 to 3.05 -1.15 to -0.375
Transco Zone 6 non-NY North 2.80 to 3.05 -1.15 to -0.70
Transco Zone 6 non-NY South -- -0.45 to -0.375
Transco Zone 6 NY -- -1.05 to -0.74
Transco-Leidy Line 1.90 to 2.10 -1.84 to -1.57
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 3.49 to 3.70 --
PG&E Citygate 4.04 to 4.28 --
SoCal Citygate 3.77 to 3.93 --
Southern Border, PG&E 3.60 to 3.76 --
Southern Border, SoCal 3.60 to 3.77 --
SoCal Border Avg. 3.60 to 3.77 --
Canada
Empress 3.45 to 3.73 --
NOVA/AECO C 3.34 to 3.63 --
Westcoast Station 2 3.11 to 3.28 --