Story of the Week

U.S. Investors Seek LNG Export License for Quebec Terminal
NGI Weekly Intel
The lineup to launch Canadian liquefied natural gas (LNG) exports spread Monday to Quebec, where a new Montreal firm created by U.S. investors is setting out to build a terminal and pipeline by 2021. Read More
Northeast_lng_facilities-20141028

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NGI Weekly Newsletter

November 3, 2014

EIAStorage1030

Eastern Weather-Driven Gains Lift Gas Market; Futures Make It Three Straight in the Black

Physical gas traders Thursday didn't have to anticipate the Energy Information Administration (EIA) storage figures to initiate their buying... Read More

FERC OKs Start for 2.1 Bcf/d Texas-to-Mexico Pipeline

NET Mexico Pipeline Partners LLC Thursday was given a FERC clearance allowing it to place its 2 Bcf/d-plus Texas-to-Mexico natural gas pipeline project in service. The project could be online by Nov. 14, NET Mexico told the Commission. Read More

Wattenberg Pushes Anadarko's 3Q2014 Volumes to Record High

Anadarko Petroleum Corp.'s sales volumes hit a record high 849,000 Boe/d in 3Q2014, with volumes from Colorado's Wattenberg Field -- double what they were in 3Q2013 -- leading the way, the company said Wednesday. Read More

Producers, Market Can Pass Higher LNG Stress Test, EIA Says

Exporting liquefied natural gas (LNG) will raise prices for domestic natural gas, but U.S. producers can keep up with the additional demand and keep the gas market balanced, according to an updated analysis released by the U.S. Energy Information Administration (EIA) Wednesday. In short, LNG exports are a win for the U.S. economy, EIA said again.

Read More

Shell Midstream IPO Could be Largest MLP Offering in Decade

Shell Midstream Partners LP on Wednesday debuted as one of the largest master limited partnership initial public offerings in more than 10 years. Read More

Western Gas Partners Buying Nuevo Midstream for $1.5B

Anadarko Petroleum Corp.-formed master limited partnership Western Gas Partners LP is buying Delaware Basin gas gatherer and processor Nuevo Midstream LLC for $1.5 billion. It’s the largest acquisition made by the partnership to date, according to management. Read More

EQT, NextEra Seek FERC Pre-Filing Review for Marcellus/Utica Pipeline

Mountain Valley Pipeline, a joint venture (JV) of affiliates of EQT Corp. and NextEra Energy Inc., has requested that FERC initiate its National Environmental Policy Act pre-filing review of the Mountain Valley Pipeline Project, a proposed 300-mile pipeline that would deliver Marcellus and Utica shale natural gas to high-demand markets in the southeastern United States. 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

Texas Adopts Quake-Minded Injection Well Rules

The Railroad Commission of Texas (RRC) on Tuesday adopted rule changes that are intended to more closely regulate drilling waste disposal wells in areas of the state where there has been or could be heightened seismic activity. Read More

With Consol Production Up, Company Plans Split of Coal, Gas Businesses

Consol Energy Inc. continued to shake up its business model in the third quarter, once again setting a natural gas production record that saw major gains in liquids volumes from both the Marcellus and Utica shales as it continues its transition from coal to exploration and production (E&P). 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

Independents Unite to Lobby for U.S. Crude Exports

More than a dozen of the largest onshore independents, including ConocoPhillips, Anadarko Petroleum Corp., Encana Corp. and Chesapeake Energy Corp., have formed a pact to lobby for the right to export crude oil. Read More
California_Proved_Reserves-20141027

Rocks Are Only Part of What Sets Monterey Shale Apart, Operators Say

Today's fast-advancing technology for well design, drilling and completion on other shale plays, are not applicable to California's Monterey Shale... Read More
Springer_Shale_Companies-20141027

Continental Sees 'Repeatability' in Springer Wells

Continental Resources Inc.'s emerging Springer Shale in the South Central Oklahoma Oil Province is indicating continuing success, if recovery rates from four new wells are any indication. Read More
Northeast_LNG_Facilities-20141028

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

The lineup to launch Canadian liquefied natural gas (LNG) exports spread Monday to Quebec, where a new Montreal firm created by U.S. investors is setting out to build a terminal and pipeline by 2021. 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

BHP Plans to Sell Its Fayetteville Shale Assets

Australia-based BHP Billiton Ltd. is putting its Fayetteville Shale assets on the sales block, leaving a multi-year misadventure in Arkansas behind it as the company's petroleum business focuses on higher-value U.S. liquids production. Read More

Oneok Partners Buying Permian Basin-Focused NGL Pipelines

Oneok Partners LP is buying Texas natural gas liquids pipelines and related assets from affiliates of Chevron Corp. for $800 million. Read More

Northern Border Seeks Interest in Bakken Lateral in North Dakota

Northern Border Pipeline Co. is testing the shipper interest in a proposed 16-inch diameter, 295 MMcf/d capacity pipeline lateral from the newly expanded Hess Corp. Tioga natural gas processing plant in northwest North Dakota. It is conducting an open season through Nov. 26. 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

BG Group Alum Positioning New Company for Volatility's Comeback

Former BG Group plc executive Martin Houston's newly launched Parallax Energy is developing mid-scale liquefied natural gas (LNG) assets; putting together a gas marketing and trading shop; and, through an affiliate company, will be hunting for value in the U.S. shale patch. Houston told NGI he's getting ready for the price volatility to come. Read More

Undeterred by Commodity Prices, Cabot Plans Robust 2015 Program With Eagle Ford Focus

Despite admitting that 2015 could be one of the toughest years yet for oil and gas prices, Cabot Oil & Gas Corp. management on Friday reaffirmed the company’s plans to grow annual production by 20-30%, with a drilling program that could eventually lean more heavily on the Eagle Ford Shale of South Texas. Read More
Wind_Ridge_Pipeline-20141024

FERC Begins Environmental Work on Proposed Gas Pipe in North Dakota

FERC said Thursday its staff has opened the environmental assessment process for a new natural gas pipeline project in North Dakota that bids to serve... Read More

FERC Staff Gives Final Environmental Thumbs Up to Constitution Pipeline, Wright Interconnect

Any environmental impacts of the proposed Constitution Pipeline and Wright Interconnect projects could be reduced "to less than significant levels" with the implementation of 43 mitigation measures, according to a final environmental impact statement issued Friday by FERC staff. Read More

In Canada, Local Jurisdictions No Match for Federal Pipeline Plans

Eco-warriors among civic politicians across Canada were sent a reminder Thursday that their weapons are limited: They have no power to block pipeline construction. Read More

Industry Briefs

EIAStorage1023

NatGas Cash Takes Double-Digit Drubbing; Futures Clock 11-Month Low

Futures prices may have taken a hit from an uninspired weekly Energy Information Administration storage report Thursday, while physical market trading for Friday delivery took no prisoners and left only a handful of points in the plus column. Read More
Permian_Oil_Prod_Rigs-20141023-v2

Oxy Puts More Emphasis on Permian as California Splits Off

Reporting lower year-over-year 3Q2014 profits tied to lower oil prices and higher costs, Occidental Petroleum Corp. senior executives expressed bullishness Thursday... Read More

Customer Demand Drives Patterson-UTI Focus on High-Tech Rigs, HP

Patterson-UTI Energy Inc. (PTEN) expects to have an estimated 27% more in onshore horsepower capacity for its pressure pumping fleet services by the middle of 2015 as customers push for more intense hydraulic fracturing (frack) services, executives said Thursday. Read More
CNG_Stations-20141023-v2

More Models for CNG Fueling Technology Take Shape

Natural gas vehicle (NGV) start-up GSD Systems is working on compressed natural gas (CNG) architecture for pressure vessels that would allow 20% more fuel to be stored in a back-of-the-cab structure on heavy-duty truck cabs. Read More

Natural Gas to Surpass Coal as PJM's Top Source Fuel in May

The head of PJM Interconnection, the regional transmission organization responsible for moving electricity over most of the Mid-Atlantic and parts of the Midwest, said natural gas is on pace to surpass coal as its primary source fuel by May 2015. 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 --