Story of the Day

Encana Hits 2017 Targets in 3Q, Cushioned for Volatile Prices, Says CEO
Shale Daily
Encana Corp.'s strategic decision last year to balance its weighty natural gas portfolio with more liquids-rich assets propelled profits... Read More
Encana_cap_invest-20141112-v2

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NGI's Shale Daily

November 13, 2014

One Dead After Explosion at Blue Racer Midstream Site in Ohio

An electrical subcontractor was killed late Wednesday after an accident at a condensate pumping skid caused an explosion and fire at a site owned and operated by Blue Racer Midstream LLC in Noble County, OH, the company confirmed in a statement. Read More

Onshore Fracking Chemicals Benign, Say Colorado Researchers

Based on samplings of hydraulic fracturing fluids used in five states, a first-of-its-kind analysis by Colorado researchers at two universities found the chemicals used at wellsites are no more harmful than what's found in common household products. Read More

U.S. Crude Production Next Year to Be Highest Since 1972, EIA Says

Total U.S. crude oil production averaged an estimated 8.9 million b/d in October, and monthly average production is forecast to surpass 9.0 million b/d in December and 9.4 million b/d in 2015, which would be the highest annual average crude oil production since 1972, according to the Energy Information Administration. Read More

McClendon Affiliate Scoops Up Oklahoma Acreage

An affiliate of American Energy Partners LP (AELP) has completed a series of transactions that has built a portfolio in southern and central Oklahoma, better known as the South Central Oklahoma Oil Province, or SCOOP. Read More

Vermilion Breaks Onto U.S. Stage, Mulls Drilling Options for 2015

Two months after acquiring acreage in the Powder River Basin in Wyoming -- and breaking into the U.S. for the first time -- Vermilion Energy Inc. said it believes it can significantly reduce drilling costs there but is so far undecided over where it will invest on capital expenditures in 2015. Read More

Rex Energy Suspends Operations Near Pennsylvania School

Rex Energy Corp. has notified a group of its lessors in western Pennsylvania that it has been forced to suspend operations at a five-well pad while it awaits the outcome of a zoning appeal filed by two environmental groups and residents in Butler County that want drilling halted near a school. Read More

Hamm Ordered to Pay Nearly $1B in Divorce; 20M Continental Shares Tied Up

A judge in Oklahoma presiding over the divorce trial of Harold Hamm -- the founder, majority owner and CEO of Continental Resources Inc. -- has ruled that he must pay his ex-wife nearly $1 billion in alimony, with 20 million shares of the company's stock held as collateral. Read More
Encana_Cap_Invest-20141112-v2

Encana Hits 2017 Targets in 3Q, Cushioned for Volatile Prices, Says CEO

Encana Corp.'s strategic decision last year to balance its weighty natural gas portfolio with more liquids-rich assets propelled profits... Read More
Railroad_Stack-20141112

Proppant Suppliers See No Slowdown for ‘15, With Sand Eclipsing Ceramics

Onshore operators have been pumping millions of pounds of sand and ceramic proppants into their fractures (fracks) at a furious pace this year to improve estimated ultimate recoveries (EUR) from new wells and recompletions, a pace that suppliers don't see slowing down going into 2015. Read More
TMS_Rigs-20141112-v5

Halcon Cuts Capex, Rig Count -- But Sees 2015 Output Rising 15-20%

Onshore independent Halcon Resources Corp. is slashing its capital budget and will drop almost half of its rigs in 2015, but production year/year still will jump by 15-20%, CEO Floyd Wilson said Tuesday. Read More

People

Industry Briefs

California_Rigs_by_County-20141111

Los Angeles Could Pursue Zoning Rules Instead of Drilling Moratorium

The Los Angeles City Council early this year called for a draft moratorium on hydraulic fracturing (fracking), but the city planning department is proposing another way to regulate drilling practices -- land-use and zoning regulations. Read More

Hess Talks Utica, Issues First EUR For Wells

For the first time since entering the play, Hess Corp. has issued production guidance for its Utica Shale assets in Ohio, estimating that its wells there will be producing 40,000 boe/d by 2020. Read More
Oil_and_NatGas_Stack-20141111

Domestic NatGas, Oil Production to End 2014 on Steady Upswing, EIA Says

Production of natural gas and oil from the seven most prolific U.S. shale and tight oil regions will continue to increase through the end of the year... 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 --