Story of the Week

Denton, TX, Votes Fracking Out, Lawsuits In
NGI Weekly Intel
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 Weekly Newsletter

November 10, 2014

EIAStorage1106

Physical, Futures Vault More Than 20 Cents as Polar Vortex Returns

Physical gas prices for Friday delivery continued their upward trajectory in Thursday's trading with a wide range of market responses to a strong screen... Read More
boardwalk-pipeline-partners-system-20141106

Shippers, Distributors Protest New Rate Scheme for Gulf South Pipeline

Gulf South Pipeline Co. LP, a “web-like” interstate natural gas pipeline system bordering the Gulf of Mexico, has stirred up a firestorm among its myriad distributor and producer customers with its first new rate filing in 17 years, which includes higher rates and a new zone system. Read More

Antero Midstream IPO Fetches $1 Billion in Debut

Antero Resources Corp. saw its fortunes rise on Wednesday when it completed the initial public offering (IPO) of its midstream master limited partnership (MLP), raising $1 billion in one of the largest such debuts to date. Read More

Continental Cuts Capex by 12%, Monetizes Oil Hedges

Continental Resources Inc. is betting that the sell-off in crude oil has hit bottom and has monetized nearly all of its hedge positions through 2016, while keeping about one-third of its natural gas hedged in 2015 at an average price of $4.34/Mcf. Read More

Sunoco OKs Mariner East 2, Pursues Marcus Hook NGL Hub

The Mariner East 2 project, the second phase of a broad plan to expand natural gas liquids (NGL) transport out of the Appalachian Basin, is a go following a successful open season, Sunoco Logistics Partners LP said Thursday. 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

SoCal Edison Inks 1,700 MW of Gas-Fired Deals

In an effort to make up for 2,200 MW of generation lost when the San Onofre Nuclear Generating Station (SONGS) was closed last year, Edison International's Southern California Edison Co. (SCE) has signed five contracts for nearly 1,700 MW of natural gas-fired generation and another 69 deals providing the rest. 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

Senate Republican Committee Leaders Expected to Push for Energy Exports

One day after Republicans won control of the U.S. Senate in the 2014 midterm elections, with analysts and officials from various industries and environmental groups making a wide spectrum of predictions for the next two years, there was one area of agreement -- the battles over the nation's energy policies are going to fundamentally change. 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
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

Upstream Margins Squeezed as Costs Escalate, Profits Decline, Says IHS

The global upstream industry's capital expenditures totaled $720 billion in 2013, 18% higher than a year before, but margins were squeezed as costs escalated and profits declined, an IHS Inc. analysis has found. 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
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
Fuel-use-Vehicle-20141104-v3

NGV Sector Proves to Be Crossroad for Nations, Businesses

Some of the latest developments in the natural gas vehicle industry are blurring international borders and energy sectors, giving further proof... Read More

EIA Says U.S. Produced, Consumed Record Levels of NatGas in 2013

The United States produced, consumed and delivered for consumption record levels of natural gas in 2013, and imports fell for the sixth consecutive year, according to an annual report by the U.S. Energy Information Administration. Read More

Philadelphia City Council Nixes Plan to Sell Philly Gas Works

The Philadelphia City Council, after what it called an "exhaustive review," has ruled out a nearly $2 billion sale of the Philadelphia Gas Works (PGW) to Connecticut-based UIL Holdings Corp., announcing last week that it would forgo a vote on the matter and not introduce a bill to sell the city-owned utility. Read More
cme-nymex-natural-gas-forward-curve-20141103

Prices Expected to Take Beating in Coming Gas-on-Gas War

The natural gas market has seen gas-on-gas competition before, but the mix-up coming between low-cost molecules from Appalachia... Read More
Chevron_Prod_Projections-20141103

Chevron's Permian Production Increasing Faster Than Forecast

Chevron Corp.'s Permian Basin, and specifically the Midland and Delaware play, helped increase North American shale and tight resources production year/year by 23,000 b/d in the third quarter. Read More

U.S. Dealmaking Surges on Midstream Activity, Foreign Interest, Mega-Deals

Oil and natural gas merger and acquisition (M&A) transaction values in the United States hit a 10-year high in the third quarter, with the midstream sector contributing the big deals, according to PwC US. Read More

Williams Eyes Permian, Ethane Projects

With the merger of two master limited partnerships at Williams lurching forward, and an olefins plant in Louisiana coming back online after an explosion last year, CEO Alan Armstrong provided industry analysts with some insight into the company's plans for the future -- giving credence to some rumors, but maybe not others. Read More

Pieridae Energy Seeks OK to Liquefy U.S. Gas in Nova Scotia for Global Export

The general partner of Goldboro LNG LP II, which is developing a liquefied natural gas (LNG) export terminal on the Nova Scotia coast near Halifax, is seeking authority to export U.S. gas to feed the project. Read More

Sierrita Pipeline Comes Online, Adding to U.S.-to-Mexico NatGas Export Options

Options for natural gas supply heading south of the border just got a lot more plentiful as Kinder Morgan Inc.'s (KM) Sierrita Pipeline, which entered service Friday, became the second U.S.-to-Mexico natural gas pipeline to go into service within a week. Read More

ExxonMobil's Bakken, Woodford, Permian Driving U.S. Onshore

ExxonMobil Corp.'s U.S. onshore targets have proven to be a liquids-rich generator, and the company is continuing to prowl for attractive acquisitions, particularly in the Permian Basin, a top executive said Friday. Read More

Rover Pipeline Project Is Full at 3.25 Bcf/d, Energy Transfer Says

Shippers stepped up for 3.25 Bcf/d of pipeline capacity from the Marcellus and Utica shales to markets in the Midwest, Great Lakes and Gulf Coast on Energy Transfer Partners LP's (ETP) ET Rover project. The binding commitments are for 15- and 20-year fee-based contracts. Read More

People

Industry Briefs

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

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 --