Story of the Week

Widespread Opposition Surfaces to Starting the Gas Day in the Dark
NGI Weekly Intel
Nearly 100 companies, practically everyone that matters in the U.S. businesses of natural gas production, pipeline transportation, gas distribution... Read More
Pgne_pullquote-20141203

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NGI Weekly Newsletter

December 1, 2014

EIAStorage1204

Futures and Cash Glide Lower; January Pummeled 16 Cents

Physical gas for Friday delivery managed to trade in similar fashion to futures Thursday in spite of the fact that most traders elected to get their deals done prior to the release of often market-jolting government inventory figures. Read More
Total_NatGas_Proved_Res_Chg-20141204-v2

EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota's crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states. Read More

Petronas Hits Pause Button on BC LNG Export Project

The leading contender to build Canada’s first liquefied natural gas (LNG) export terminal on the Pacific Coast of British Columbia (BC) stepped aside Wednesday, saying “challenging” markets prevent making a big commitment. Read More

EPA Gets Earful Regarding Carbon Emissions Proposal

Proposed federal greenhouse gas (GHG) emissions rules are either an economic burden or an environmental necessity, according to millions of comments submitted to the U.S. Environmental Protection Agency (EPA). Read More
Utica_Gross_Prod-20141204

Utica's Long-Term Potential Still Hard to Gauge, Analyst Says

Although the Utica Shale land-grab is largely over and most Ohio acreage has been delineated, there remains a flurry of activity on the play's fringes... Read More
PGnE_Pullquote-20141203

Widespread Opposition Surfaces to Starting the Gas Day in the Dark

Nearly 100 companies, practically everyone that matters in the U.S. businesses of natural gas production, pipeline transportation, gas distribution... Read More

Tennessee Gas Pipeline Switches to Specific NGI Price Points for Cashouts

FERC has approved Tennessee Gas Pipeline’s request to use price indexes taken from Natural Gas Intelligence’s (NGI) Daily Gas Price Index for calculating cash-outs on its system, replacing indexes from Natural Gas Week. Also, instead of the six points currently referenced in its Rate Schedules LMS-MA and LMS-PA, the new form will include 12 receipt points. Read More

Texas to Require Pipelines 'Swear' to Common Carrier Status

Pipeline companies operating in Texas will soon have to swear that they are common carriers and provide supporting documents in order to obtain the "common carrier" classification, which confers condemnation authority, according to a rule change at the Railroad Commission of Texas (RRC). Read More

Chevron’s Jack/St. Malo Project Underway in Lower Tertiary

Natural gas and oil production has started up from the Jack/St. Malo fields from one of the largest production facilities ever designed for the deepwater Gulf of Mexico (GOM), with total production by 2020 forecast to reach 21 MMcf/d of natural gas and 94,000 b/d of crude oil. Read More
Columbia_and_Dominion_Curves-20141203

Constitution OK'd to Begin Construction; In Service as Soon as Late 2015, Early 2016

Constitution Pipeline, designed to carry natural gas from Pennsylvania's Marcellus Shale to New York and New England markets, has been given the green light by FERC to begin construction. Read More
Florida_Price_St_Dev-20141203

Florida Utility Has No Business in Shale Gas Patch, Consumers Say

The shale gas patch is too risky a place for an electric utility to be dabbling with ratepayer money, public interest lawyers and industrial power consumers told Florida regulators considering Florida Power & Light Co.'s (FPL) proposal to take a stake in Oklahoma's Woodford Shale. Read More

Spending by Independents Drops in 2013 on Depressed NatGas Prices

Exploration and development (E&D) spending by independents worldwide dropped by 14% in 2013 from 2012 as depressed natural gas prices in North America took a toll on cash flows and spending ability, an annual survey by EY found. Read More

NEB Greenlights TransCanada’s Energy East Settlement Plan

Planned expansion of northbound routes for U.S. natural gas exports into Ontario and Quebec can proceed on schedule under a decision that the National Energy Board (NEB) handed down Friday (Nov. 28). Read More

CFTC Reopens Comment Period on Position Limit Rulemaking

The Commodity Futures Trading Commission (CFTC) is reopening the comment period on a proposed rulemaking designed to limit speculative trading in the swaps markets. Read More

Oneok Buys NGL Pipes For $800M, Raises Financial Guidance For 2015

Oneok Partners LP has completed its acquisition of natural gas liquids (NGL) pipelines and associated assets in the Permian Basin from unnamed affiliates of Chevron Corp. for about $800 million. Read More
Algonquin_Stack-20141202-v2

EIA Foresees More Than 8 Bcf/d of Northeast Bidirectional Capacity

The natural gas pipeline industry's response to booming Northeast production is well under way as up to 8.3 Bcf/d of existing capacity into the Northeast... Read More
US_NatGas_Load_Profile-20141202-v2

Producers Support Retaining 9 a.m. CT Gas Day, Adding Single Nomination Cycle

Upending the natural gas day will not solve the regional problems of lack of pipeline capacity and, in fact, will undermine the reliability of deliveries... Read More

OPEC's Decision to Maintain Output Poses Dilemma for U.S. Shale Operators

The oil minister of Saudi Arabia last week successfully argued against reducing OPEC oil output by telling fellow members they needed to combat the growing influence of U.S. shale oil production. Now oil markets will have to find a "new equilibrium," with the squeeze on U.S. producers, said analysts. Read More
production-consumption-net-imports-natural-gas-20141201 (1)

Dry Natural Gas Production Hit Daily Record in September, EIA Says

Dry natural gas production in September hit a record for the seventh consecutive month in terms of Bcf/d, and total consumption also marked a new high... Read More

Note to Subscribers

Act 13 Fallout Still Posing Challenges for Pennsylvania Operators

Nearly one year after a landmark court decision diminished Pennsylvania's regulatory authority and gave more power back to municipalities, new challenges against the oil and gas industry are setting the stage for key legal decisions across the state that could affect how townships handle development. Read More
World_Bank_Economic_Outlook-20141201-v2

Less Appetite for Whipping Up E&P Deals in 2015, Say Execs

The global economy may be increasingly stable, with resilient equity markets, but the global oil and gas landscape for mergers and acquisitions (M&A) is only cautiously optimistic, according to EY's 11th biannual Oil and Gas Capital Confidence Barometer. Read More

People

Industry Briefs

EIAStorage1126

Cash Markets Firm, But Futures Trade Like a Turkey; January Drops a Nickel

It was a tale of two markets in pre-Thanksgiving Day trading Wednesday. Physical prices staged extra-large gains in California... Read More

In Pre-Thanksgiving Surprise, EPA Rolls Out Proposal to Tighten Ozone Standard

The Environmental Protection Agency (EPA) released its proposal to tighten the National Ambient Air Quality Standard (NAAQS) for ozone on Wednesday, raising the ire of industry, regulators and Republicans poised to take control of Congress, for both the tighter standard and the timing of the announcement. Read More

Maryland Regulators Say Marcellus Can Be Developed Safely

Maryland's portion of the Marcellus Shale can be developed safely, as long as oil and natural gas operators agree to use best practices and the state embraces vigorous rules for well monitoring, inspection and enforcement, according to a draft report by two state agencies. Read More
TX_Associated_Gas_Prod-20141126

Texas Permitting, Completions Strong as Production Declines

Texas oil and gas well permitting and completion activity remained strong in October while preliminary oil and gas production data for September showed... Read More

Grid Operators Support Shaking Up Natural Gas Day

A host of North American electric power generators say they support a notice of proposed rulemaking that would shake up the natural gas day, and think FERC should go even further in its search for ways to meet the demands of the industry, according to filings at the regulatory agency. Read More

Rules on BOPs, Arctic, Sage Grouse Pushed Into 2015

Several proposed rules from agencies within the Department of Interior -- including those covering blowout preventers, the Arctic, royalty payments, flaring and venting -- appear headed for delays into 2015 and, in some cases, 2016, according to the Obama administration's latest Unified Agenda, released on Nov. 21. Read More
PennEast_Pipeline-20141125

PennEast Welcomes DRBC Input, But Says FERC Ultimate Arbiter For Pipeline

PennEast Pipeline Co. LLC officials said they were not surprised that the Delaware River Basin Commission wants to review its proposed Marcellus Shale natural gas pipeline to traverse the basin and welcome its input, but the ultimate arbiter for approving the project is FERC. Read More

Sign Up for Bidweek Alert

NGI's Bidweek Alert - December: Day 5 November 26, 2014
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce 4.19 to 4.20 --
Florida Gas Zone 1 -- --
NGPL S. TX -- -0.12 to -0.11
Tennessee Zone 0 South -- -0.1375 to -0.13
Texas Eastern S. TX -- -0.08 to -0.08
Transco Zone 1 -- -0.0725 to -0.06
East Texas
Carthage -- -0.095 to -0.07
Houston Ship Channel 4.20 to 4.21 0.015 to 0.02
Katy 4.19 to 4.20 --
NGPL TexOk 4.04 to 4.21 -0.115 to -0.08
Tennessee Zone 0 North -- -0.13 to -0.13
Texas Eastern E. TX -- -0.15 to -0.13
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 4.07 to 4.35 --
Transwestern 4.10 to 4.34 --
Waha 4.10 to 4.29 --
Midwest
Alliance -- --
ANR ML7 5.05 to 5.17 0.97 to 1.05
Chicago Citygate 4.80 to 5.44 0.73 to 1.00
Consumers Energy 4.90 to 5.25 0.58 to 0.79
Dawn 4.78 to 5.59 0.69 to 0.875
Emerson -- 0.73 to 0.99
Joliet -- --
Michigan Consolidated 4.78 to 4.82 0.49 to 0.69
Midcontinent
ANR SW 4.28 to 4.41 0.05 to 0.08
Enable East 3.90 to 4.41 -0.09 to -0.06
Enable West -- --
NGPL Amarillo Mainline -- --
NGPL Midcontinent 4.06 to 4.36 -0.085 to -0.085
Northern Border Ventura 4.85 to 5.25 0.89 to 0.89
Northern Natural Demarc 4.56 to 4.98 0.50 to 0.52
Northern Natural Ventura 4.88 to 5.27 0.87 to 0.87
OGT 4.09 to 4.45 0.00 to 0.00
Panhandle Eastern 4.07 to 4.42 -0.10 to -0.01
Southern Star 4.16 to 4.29 --
North Louisiana/Arkansas
Perryville -- -0.0775 to -0.0375
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 4.42 to 4.43 -0.075 to -0.03
Trunkline Zone 1A -- -0.0725 to -0.02
South Louisiana
ANR SE 4.06 to 4.07 -0.065 to -0.02
Columbia Gulf Mainline 4.07 to 4.07 -0.08 to -0.0425
Columbia Gulf onshore -- -0.09 to -0.05
Florida Gas Zone 2 -- -0.025 to 0.01
Henry Hub -- 0.00 to 0.04
Southern Natural -- -0.0125 to 0.025
Tennessee Line 500 -- -0.05 to 0.02
Tennessee Line 800 -- -0.07 to 0.00
Texas Eastern E. LA 4.03 to 4.03 -0.12 to -0.04
Texas Eastern W. LA 4.12 to 4.13 --
Texas Gas Zone SL -- --
Transco Zone 3 4.10 to 4.50 -0.03 to 0.035
Trunkline E. LA -- -0.045 to -0.005
Trunkline W. LA -- -0.01 to -0.01
Alabama/Mississippi
Florida Gas Zone 3 -- 0.015 to 0.04
Texas Eastern M-1, 30 -- -0.125 to -0.06
Transco Zone 4 -- 0.00 to 0.04
Florida
FGT Citygate -- --
Rocky Mountains
Cheyenne Hub 4.33 to 4.50 --
CIG 4.13 to 4.40 --
CIG DJ Basin -- --
El Paso Bondad 4.40 to 4.40 --
El Paso non-Bondad 4.10 to 4.40 --
Kern River 4.17 to 4.46 --
Kingsgate -- --
Northwest S. of Green River 4.06 to 4.38 --
Northwest Sumas 4.58 to 4.81 --
Northwest Wyoming Pool 4.21 to 4.21 --
Opal 4.15 to 4.56 --
Questar 4.12 to 4.16 --
Stanfield -- --
Transwestern San Juan 4.39 to 4.43 --
White River Hub 4.25 to 4.38 --
Northeast
Algonquin Citygate -- 8.80 to 10.00
Algonquin Receipts 4.65 to 8.60 0.27 to 0.27
Clarington (non-Tenn) -- --
Clarington, Tennessee -- --
Columbia Gas -- -0.0925 to -0.045
Dominion South -- -1.36 to -1.10
Dominion North -- -1.50 to -1.29
Dracut -- --
Iroquois Zone 2 -- 3.60 to 3.95
Iroquois, Waddington -- 2.75 to 3.50
Lebanon -- 0.31 to 0.40
Leidy Hub -- -1.75 to -1.48
Millennium East Pool -- -1.67 to -1.29
Niagara -- -0.35 to -0.30
Tenn Zone 4 200L -- -0.95 to -0.65
Tennessee Zn 4 313 Pool -- -1.75 to -1.40
Tennessee Zn 4 Marcellus -- -2.10 to -1.40
Tenn Zone 5 200L -- -0.83 to -0.47
Tenn Zone 5 300L -- 0.10 to 0.22
Tenn Zone 6 200L -- 9.30 to 10.00
Tenn Zone 6 300L -- --
Texas Eastern M-2, 30 5.50 to 5.59 -1.08 to -0.46
Texas Eastern M-2, 30 Delivery 5.50 to 5.59 -1.05 to -0.46
Texas Eastern M-2, 30 Receipt 5.50 to 5.50 -1.08 to -0.88
Texas Eastern M-3 -- 0.17 to 0.52
Texas Eastern M-3, Delivery -- 0.17 to 0.52
Texas Eastern M-3, Receipt -- --
Transco Zone 5 5.98 to 6.22 1.625 to 1.85
Transco Zone 6 non-NY 5.82 to 5.83 1.65 to 1.95
Transco Zone 6 non-NY North 5.82 to 5.83 1.65 to 1.92
Transco Zone 6 non-NY South -- 1.75 to 1.95
Transco Zone 6 NY -- 2.70 to 3.60
Transco-Leidy Line 2.31 to 2.50 -1.98 to -1.68
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 4.28 to 4.60 --
PG&E Citygate 4.50 to 4.76 --
SoCal Citygate 4.50 to 4.79 --
Southern Border, PG&E -- --
Southern Border, SoCal 4.35 to 4.70 --
SoCal Border Avg. 4.35 to 4.70 --
Canada
Empress 4.11 to 5.10 --
NOVA/AECO C 3.69 to 4.19 --
Westcoast Station 2 3.42 to 3.86 --