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NATURAL GAS WEEKLY UPDATE (Week Ending 11-19-21)

NATURAL GAS WEEKLY UPDATE (Week Ending 11-19-21)

In the News (EIA):

Working gas stocks end refill season 3% below the five-year average:

Working natural gas in storage in the Lower 48 states totaled 3,613 billion cubic feet (Bcf) as of October 31—traditionally considered the end of the natural gas refill season (April 1–October 31), although injections sometimes extend into November. Total inventories as of October 31 were 102 Bcf (3%) less than the five-year (2016–2020) average and 284 Bcf (7%) less than total inventories last year at this time. Working natural gas stocks at the start of the 2021 refill season were 1,777 Bcf, 26 Bcf (1%) below the five-year average despite starting winter 2020/21 with working gas stocks of 3,897 Bcf, the fourth highest pre-winter stocks level on record. A late-season cold snap contributed to record-high spot natural gas prices and a sharp reduction in natural gas production that resulted in sizable withdrawals from storage. We estimate that net injections into storage totaled 1,836 Bcf during the refill season, 76 Bcf (4%) less than the five-year average and 56 Bcf (3%) less than last year’s refill season. Net injections into storage were lower than injection levels a year ago as a result of demand growth outpacing the growth in natural gas supply during the injection season. Total natural gas demand grew by about 6% this refill season, while total natural gas supply, comprising Lower 48 states’ dry gas production, net imports from Canada, and liquefied natural gas (LNG) sendout, increased by about 5%, according to IHS Markit data. Demand growth was spurred by a significant increase in U.S. LNG exports, which averaged 9.7 billion cubic feet per day (Bcf/d) this April through October, 4.7 Bcf/d higher than last year during that period. In contrast, LNG cargo cancellations and storm-related disruptions during the summer of 2020 freed up more natural gas for storage injections. Large differences between the price of natural gas in the United States compared with prices in Europe, South America, and Asia prompted increasing U.S. LNG in exports 2021 in response to tight global LNG supplies, global economic recovery, and summer natural gas stock refill needs in major overseas markets. U.S. natural gas exports to Mexico, which rose 11% during this year’s refill season compared with last year’s refill season, also contributed to higher demand for natural gas. In June 2021, the United States set a new record for monthly exports to Mexico. Natural gas use for power generation averaged 33 Bcf/d from April through October 2021, 3% lower compared with last year’s refill season, even though spot natural gas prices at the Henry Hub were almost $2 per million British thermal units (MMBtu) higher than last year. Several factors contributed to robust power burn amid higher natural gas prices: lower hydroelectric availability, typical shoulder season (fall and spring) maintenance for non-natural gas generators, episodic warmer-than-normal temperatures, diminished coal stocks, and structural coal generator retirements. Pacific Gas & Electric’s (PG&E) reclassification of 51 Bcf of working gas to base gas in June was another key factor reducing summer stocks. This non-flow change accounted for the 46 Bcf deficit to the five-year average reported in the Pacific region for the week ending November 5, 2021, and about 40% of the deficit to the Lower 48 states’ five-year average for the same week.

Overview:

Natural gas spot prices rose at most locations this report week (Wednesday, November 10 to Wednesday, November 17). The Henry Hub spot price rose from $4.58 per million British thermal units (MMBtu) last Wednesday to $4.79/MMBtu yesterday. International natural gas prices rose this report week. Bloomberg Finance, L.P. reports that swap prices for liquefied natural gas (LNG) cargos in East Asia for the balance of the month (November) increased for the second week in a row. The weekly average rose to $32.69/MMBtu this report week, 55 cents/MMBtu above last week’s average of $32.13/MMBtu. At the Title Transfer Facility (TTF) in the Netherlands, the most liquid natural gas spot market in Europe, the day-ahead price rose for the second week in a row to a weekly average of $27.68/MMBtu, up $2.95/MMBtu from last week’s average of $24.73/MMBtu. In the same week last year (week ending November 18, 2020), prices in East Asia and at TTF were $6.80/MMBtu and $4.74/MMBtu, respectively. The price of the December 2021 NYMEX contract decreased 6.4 cents, from $4.880/MMBtu last Wednesday to $4.816/MMBtu yesterday. The price of the 12-month strip averaging December 2021 through November 2022 futures contracts remained relatively unchanged Wednesday to Wednesday at $4.256/MMBtu; however, the futures curve continues to flatten. Futures for the balance of the winter months’ delivery declined 4.0 cents/MMBtu, whereas futures for summer months’ delivery rose 2.1 cents/MMBtu. Net injections to working gas totaled 26 billion cubic feet (Bcf) for the week ending November 12. Working natural gas stocks totaled 3,644 Bcf, which is 8% lower than the year-ago level and 2% lower than the five-year (2016–2020) average for this week. The natural gas plant liquids composite price at Mont Belvieu, Texas, fell by 89 cents/MMBtu, averaging $11.01/MMBtu for the week ending November 17. Ethane prices fell 5%, which is less than the 6% decrease in natural gas at the Houston Ship Channel. The ethane premium to natural gas rose 1%, while ethylene prices fell 3% for the week ending November 17. Propane prices fell 11% and are again at a discount to the Brent crude oil price for the first time since August, as a result of lower-than-average inventory draws for this time of year. Wholesale propane inventories declined by less than 200,000 barrels last week, compared with a 5-year average draw of almost 1.4 million barrels. Similar to propane, normal butane and isobutane prices fell 9% and 8%, respectively. Natural gasoline prices fell 2% following the 1% drop in Brent crude oil prices. According to Baker Hughes, for the week ending Tuesday, November 9, the natural gas rig count increased by 2 to 102. The net gain of two rigs was the result of a one-rig gain in the Permian Basin and a two-rig gain in the Utica, offset by a one-rig loss in an unidentified basin. The natural gas-directed rig count was last above 100 in the second week of September. The number of oil-directed rigs rose by 4 to 454. The total rig count now stands at 556. Oil-directed rigs and total rigs are now at the highest levels since mid-April 2020.

Prices/Supply/Demand:

Gulf Coast prices rise but not as much as prices in other regions. This report week (Wednesday, November 10 to Wednesday, November 17), the Henry Hub spot price rose 21 cents from $4.58/MMBtu last Wednesday to $4.79/MMBtu yesterday. The price at the Henry Hub rose as high as $5.06/MMBtu on Tuesday. Production from Shell-operated Mars and Ursa platforms, which were curtailed as a result of damage sustained from Hurricane Ida, has been restored. Enbridge, operator of the Mississippi Canyon Gas Pipeline that serves offshore production from Shell’s Olympus, Mars, and Ursa platforms, reports natural gas volumes delivered to the Venice Gas Plant in Venice, Louisiana, increased by 70 million cubic feet per day (MMcf/d) on November 5 and an additional 100 MMcf/d on November 6. Current flows on the pipeline are approximately 230 MMcf/d, or more than 130 MMcf/d higher than before Shell’s November 5 announcement that production was restored at the two offshore platforms. Midwest prices rise as temperatures fall and heating demand rises. At the Chicago Citygate, the price increased 33 cents from $4.45/MMBtu last Wednesday to $4.78/MMBtu yesterday, after reaching a weekly high of $4.94/MMBtu on Tuesday. Temperatures in the Midwest fell rapidly this report week. In the Chicago Area the daily average fell from an average of 49°F (almost 6°F above normal) on Thursday to an average of 39°F (almost 4°F below normal) on Friday, and a weekly low of 33°F (more than 8°F below normal) on Monday. As a result, the National Oceanic and Atmospheric Administration (NOAA) reported 169 HDDs (heating degree days—a measure of heating demand) this report week, compared with 119 HDDs last week. IHS Markit estimates demand in the residential and commercial sectors rose by an average of 1.5 Bcf/d week over week to almost 5.7 Bcf/d, the highest weekly average since the third week of April. West Coast prices rise as a result of cooler weather in the north, warmer weather in the south, and supply disruptions due to flooding in British Columbia and Washington State. The price at Sumas on the Canada-Washington border rose $1.04 from $4.96/MMBtu last Tuesday (last Wednesday’s price is not available) to a weekly high of $6.00/MMBtu yesterday. Enbridge shut down (Notice ID 55212) one of two pipes in the Westcoast Energy system due to major flooding and mudslides in British Columbia, reducing natural gas supply to the City of Vancouver and the Huntington Delivery Area at the Sumas border crossing into Washington State. The outage is expected to last through Friday, but possibly longer, according to Westcoast Energy’s Critical Notice (Notice ID 55216). Williams, operator of the Northwest Pipeline that serves most of Washington and Oregon and indirectly delivers natural gas to the PG&E delivery point at Malin, Oregon, reports receipts of natural gas at Sumas on the British Columbia-Washington border declined by more than 370 MMcf/d, from 1,250 MMcf/d on Monday to 880 MMcf/d on Wednesday. The price at PG&E Citygate in Northern California rose 20 cents, up from $6.00/MMBtu last Wednesday to $6.20/MMBtu yesterday. Prices at PG&E Citygate dropped as low as $5.75/MMBtu on Friday before rising again as a result of supply concerns related to severe flooding in the Pacific Northwest. The price at SoCal Citygate in Southern California increased $1.19 from $5.55/MMBtu last Wednesday to a weekly high of $6.74/MMBtu yesterday, after falling as low as $5.09/MMBtu on Friday. Temperatures in the Riverside, California area, inland from Los Angeles, averaged 71°F this week, 9°F above normal for this time of year, resulting in 44 CDDs (cooling degree days—a measure of cooling demand) compared with 9 CDDs last week. The daily high in Riverside rose to 94°F on Sunday, just 1°F below the all-time high set in 1906. Natural gas consumption in the electric power sector was 5.0% higher in California this week, according to data from IHS Markit. Supply of natural gas into the SoCal Gas market area remains impeded. SoCal Gas issued critical notices of maintenance on the Aliso Canyon storage facility, identifying expected intermittent outages for flow testing to occur November 11 through 15, November 16 through 17, and November 18 through 21. This maintenance is in addition to ongoing maintenance at other SoCal Gas storage facilities where withdrawal rates are curtailed, including the Goleta field, where unplanned maintenance has reduced withdrawal capacity by more than 200 MMcf/d, and the Honor Rancho field, where planned maintenance, which began October 31, has reduced withdrawal capacity by more than 400 MMcf/d. SoCal Gas does not specify a completion date for either of the two maintenance outages. Flows into SoCal Gas territory also remain constrained. The El Paso Natural Gas Company released its December maintenance schedule, which shows Line 2000 will remain shut-in for all of December as it continues to undergo repairs following a rupture in August near Coolidge, Arizona. The pipeline outage has reduced flows into Southern California by approximately 610 MMcf/d. Northeast prices rise in response to lower temperatures and higher space heating demand. At the Algonquin Citygate, which serves Boston-area consumers, the price increased 42 cents from $4.14/MMBtu last Wednesday to $4.56/MMBtu yesterday. Prices at the Algonquin Citygate rose to a weekly high of $5.17/MMBtu on Friday in anticipation of rapidly cooling weather over the weekend. Boston area temperatures dropped from an average of 56°F on Friday, more than 10°F above normal, to a daily average of less than 44°F on Sunday, almost 2°F below normal. The increase in heating demand, reflected by the 128 HDDs reported by NOAA this week, compared with 119 HHDs last week, resulted in an increase in natural gas consumption in the residential and commercial sectors in New England, which rose on average 8.3% week over week, according to data from IHS Markit. Deliveries into the region also declined as a result of higher demand in upstream markets in Canada and the Mid-Atlantic as a result of the same cooling trend (see Midwest section above). At the Transcontinental Pipeline Zone 6 trading point for New York City, the price increased 72 cents from $3.76/MMBtu last Wednesday to $4.48/MMBtu yesterday, after reaching a weekly high of $4.66/MMBtu on Tuesday. Temperatures and demand in the New York/New Jersey region followed a similar pattern as New England, though the cooling trend strengthened through Tuesday. NOAA reported temperatures in New York City’s Central Park averaged 58°F on Friday, almost 9°F above normal, and fell through the weekend to 43°F on Sunday and a weekly low of less than 43°F on Tuesday, more than 5°F below normal. Natural gas demand for space heating in the residential and commercial sectors rose through the report week by 6.7% above last week’s average. Consumption in the residential and commercial sector increased this report week, reflecting the rapid drop in temperatures from just above 1.7 Bcf/d on Friday (the lowest level since late October) to above 3.4 Bcf/d (the highest level since late April), according to IHS Markit estimates. Prices in the Appalachia production region rise in response to higher demand in the Midwest and Northeast and to the end of pipeline maintenance. The Tennessee (TGP) Zone 4 Marcellus spot price increased 64 cents from $3.63/MMBtu last Wednesday to $4.27/MMBtu yesterday. The price at Eastern Gas South in southwest Pennsylvania rose 64 cents from $3.67/MMBtu last Wednesday to $4.31/MMBtu yesterday. Prices at both the TGP Zone 4 and Eastern Gas South hubs reached weekly highs on Tuesday at $4.41/MMBtu and $4.49/MMBtu, respectively. On Wednesday, Enbridge, the operator of the Texas Eastern Transmission Pipeline (TETCO), lifted a force majeure (Notice ID 114491) that had been in effect since October 1. This action allowed westbound capacity on the 26-inch diameter segment in Ohio between the Somerset compressor station in Somerset and the Five Points compressor station in Williamsport to rise by almost 400 MMcf/d. As a result of improved flows on the 26-inch diameter line, westbound flows on TETCO out of the Appalachia production region past the Holbrook compressor station rose from below 800 MMcf/d prior to the lifting of the force majeure to above 1 Bcf/d in the past three days. The discount in the Permian production basin relative to the Henry Hub falls as a result of lower production this report week. The price at the Waha Hub in West Texas, which is located near Permian Basin production activities, rose 63 cents this report week, from $3.99/MMBtu last Wednesday to $4.62/MMBtu yesterday. The Waha Hub traded 17 cents/MMBtu below the Henry Hub price yesterday compared with last Wednesday, when it traded 59 cents/MMBtu below the Henry Hub price. IHS Markit estimates production in the Permian Basin fell by 0.4 Bcf/d this report week, led by declines in the New Mexico portion of the play, which declined by close to 0.3 Bcf/d. New pipeline between Eddy County in New Mexico and the Waha Hub in Texas to improve connectivity for Permian producers. Today, Summit Midstream announced that service has begun on the Double E pipeline, which will increase natural gas flows from the New Mexico portion of the Permian Basin south to the Waha Hub. The pipeline’s 1.35 Bcf/d of capacity is likely to alleviate congestion in the region and improve connectivity between producers in the northern Delaware Basin and a number of major pipelines out of the Waha Hub, resulting in higher dry gas production after this report week’s decline. U.S. supply of natural gas is down this report week as a result of decreasing dry natural gas production. According to data from IHS Markit, the average total supply of natural gas fell to 99.3 Bcf/d this report week, a 1.7% decrease from the previous report week’s total of 101.0 Bcf/d. Dry natural gas production decreased by 1.1% (1.1 Bcf/d) compared with the previous report week. Average net imports from Canada decreased by 11.6% (0.6 Bcf/d) from last week. Compared with last year, total supply is up 4.5% this report week from an average 95.1 Bcf/d in the same period a year ago. U.S. total natural gas consumption increases week over week, led primarily by the residential and commercial sector. Total U.S. consumption of natural gas rose by 3.0% (2.3 Bcf/d) compared with the previous report week, according to data from IHS Markit. The largest week-over-week increase was in the residential and commercial sector, where consumption increased by 11.8% (2.9 Bcf/d). NOAA reported average nighttime temperatures approached freezing across a large section of the North and Central United States and cool average daytime temperatures across the North Central and Southeast United States. Natural gas consumed for power generation declined by 3.0% (0.9 Bcf/d) week over week, and industrial sector consumption increased by 1.1% (0.2 Bcf/d) week over week. Natural gas exports to Mexico decreased 3.5% (0.2 Bcf/d). Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 11.1 Bcf/d, or about 0.1 Bcf/d lower than last week. Total demand is up 6.8% this report week compared with the same period a year ago. U.S. LNG exports have increased this week from last week. Twenty-two LNG vessels (seven from Sabine Pass, five from Corpus Christi, four each from Freeport and Cameron, and two from Cove Point (none from Elba Island)) with a combined LNG-carrying capacity of 79 Bcf departed the United States between November 11 and November 17, 2021, according to shipping data provided by Bloomberg Finance, L.P.

Storage:

Net injections into storage totaled 26 Bcf for the week ending November 12, compared with the five-year (2016–2020) average net withdrawals of 12 Bcf and last year’s net injections of 28 Bcf during the same week. Working natural gas stocks totaled 3,644 Bcf, which is 81 Bcf lower than the five-year average and 310 Bcf lower than last year at this time. According to The Desk survey of natural gas analysts, estimates of the weekly net change to working natural gas stocks ranged from net injections of 13 Bcf to 33 Bcf with a median estimate of 23 Bcf.

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PIPE EXCHANGE PRIVACY POLICY

Last Updated: August 2019

 

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The Website includes social media features, such as the Facebook and LinkedIn buttons/icons. These features may collect your IP address, which page you are visiting on our site, and may set a cookie to enable the feature to function properly. Social media features are either hosted by a third party or hosted directly on the Website. Your interactions with these features are governed by the privacy policy of the company providing it. 

 

Links to Third Party Sites

The Website may contain links to other sites that are not owned or controlled by Pipe Exchange. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage you to be aware when you leave our site and to read the privacy statements of each and every web site that collects personally identifiable information. This Privacy Policy applies only to information collected by the Website. 

 

How We Store Your Information

Data Security

Pipe Exchange implements data security systems and procedures to secure the information stored on Pipe Exchange computer servers. Such systems and procedures reduce the risk of security breaches, but they do not provide absolute security. Therefore, Pipe Exchange cannot guarantee that the Website and Services are immune to unauthorized access to the information stored therein and to other information security risks.

 

Our Commitment to Data Security. To prevent unauthorized access, maintain data accuracy and ensure the correct use of information, we have applied reasonable and appropriate physical, electronic and managerial procedures to safeguard and secure the information we collect online. We also limit access to personal data and confidential information on our systems to only those employees with a specific need to access this information. However, due to technological limitations and the risk of unlawful interceptions and accessing of transmissions and/or data, we cannot completely assure you, and you should not expect, that your personal information, and any other electronically communicated information, will be absolutely confidential.

The security of your personal information is important to us. When you enter sensitive financial information via our Website, the transmission of that information is encrypted using secure socket layer technology (SSL).

Please remember that you play a valuable part in security as well. To the extent you have created an account on our Website, your password to access our site, which you select at registration, should never be shared with anyone and should be changed frequently.  After you have finished using our site, you should log off and exit your browser so no unauthorized persons can use our site with your name and account information.

Information Retention and Access to Personal Information. We’ll retain information for as long as your account is active or as needed to provide you the Services, to comply with applicable law, resolve disputes, and to enforce our agreements.   If your personally identifiable information changes, or if you no longer desire to use and access our Services, you may correct, update, delete/deactivate your information by emailing Pipe Exchange via the contact information listed below. Before Pipe Exchange is able to provide you with any information or correct any inaccuracies, however, we may ask you to verify your identity and to provide other details to help us to respond to your request. But please note: (1) there might be some latency in deleting this information from our servers and back-up storage; (2) we will not delete anonymized data and may continue to use it as describe in this Privacy Policy; and (3) we may retain information if necessary to comply with our legal, tax or accounting obligations, resolve disputes, manage security risks, or enforce our agreements. Even if you cease your use of the Services, we may retain certain information in order to meet our obligations.

Under California Civil Code Sections 1798.83-1798.84, California residents are entitled to ask us for a notice identifying the categories of personal information which we share with our affiliates and/or third parties for marketing purposes, and providing contact information for such affiliates and/or third parties.  If you are a California resident and would like a copy of this notice, please submit a written request to: privacy@pipexch.com

International Transfer of Information Collected

We are a global company, with customers around the world and it is important to note that the Services, and the Website, may be operated via servers situated in the United States and elsewhere. If you are located outside of the United States, please be aware that any information which you supply to Pipe Exchange (including, without limitation, personal information (e.g., your name, phone number, email address, etc.) may be transferred to, processed, and used in the United States and elsewhere. To provide you with the Services, you irrevocably and unconditionally consent that we may store, use, process, transfer and transmit such information in accordance with this Privacy Policy in the United States and locations around the world – including those outside your country which may provide different rules, regulations, and protections regarding privacy. Information may also be stored locally on the devices used to access the Services, which may be mobile.

We have taken appropriate safeguards to ensure that your personal data will remain protected in accordance with this Privacy Policy, whether your personal data is within our control or has been entrusted to our third party service providers and partners.

Changes to this Privacy Policy

From time to time, Pipe Exchange may change the terms of this Privacy Policy. Changes will take effect once they are posted online and by accessing and/or using the Website or Services after we make any such changes to this Privacy Policy, you are deemed to have accepted such changes.  If you do not agree with any of the amended terms, you must avoid any further use of the Website and/or Services offered by Pipe Exchange.

 

Inquiries or Concerns?

You may contact Pipe Exchange by emailing us at privacy@pipexch.com and we will do our best to provide a prompt response to your question.

PIPE EXCHANGE TERMS OF USE

Last updated: August 2019

Welcome to https://pipexch.com/Pipe Exchange (the “Website”). The Website is owned and operated by Pipe Exchange LLCPipe ExchangePipe Exchange including its related companies, affiliates and subsidiaries (collectively “Pipe Exchange,” “we,” “us,” “our”). We make the Website available to you, subject to the following Terms of Use (these “Terms of Use”). PLEASE READ THE FOLLOWING TERMS OF USE CAREFULLY BEFORE USING THE WEBSITE. By using the Website, you agree to these Terms of Use and agree they create a legally binding agreement between you and Pipe Exchange. If you do not agree to these Terms of Use, you may not use the Website. These Terms of Use are effective unless and until terminated by Pipe Exchange.

Minors are not authorized to access or use the Website for any purpose.

CHANGES TO TERMS OF USE

Pipe Exchange reserves the right, at any time, to modify, amend, alter or update these Terms of Use. These changes will be effective as of the date we post the revised version. By continuing to use the Website following such modifications, amendments, alterations or updates, you agree to be bound by such modifications, amendments, alterations or updates. Therefore, you should periodically visit this page to review our most current Terms of Use.

You may access the current version of these Terms of Use at any time by clicking on the link marked “Terms of Use” at the bottom of each page of the Website.

PRIVACY POLICY

In the course of your use of the Website, you may be asked to provide certain personalized information to us (such information referred to hereinafter as “User Information”).  Our information collection and use policies with respect to the privacy of such User Information are set forth in the Website’s Privacy Policy which is incorporated herein by reference for all purposes.  You acknowledge and agree that you are solely responsible for the accuracy and content of User Information, and you agree to keep it up to date. 

INTELLECTUAL PROPERTY RIGHTS

Pipe Exchange respects the intellectual property rights of others. As between you and Pipe Exchange, and except any User Information which you provide, all rights, title and interests in the Website, including all the content (including, for example, audio, photographs, illustrations, graphics, other visuals, video, copy, software, etc.), code, data and materials thereon, the look and feel, design and organization of the Website, and the compilation of the content, code, data and materials on the Website, including but not limited to any copyrights, trademark rights, patent rights, database rights, moral rights, sui generis rights and other intellectual property and proprietary rights therein (collectively the “Content”) are owned by Pipe Exchange or by third parties who have licensed or provided their Content to us. The Website is protected under Trademarks (as defined below), copyright, patent, trade secret and other intellectual property rights laws, and your use of the Website does not grant to you ownership of any Content you may access on the Website. You are prohibited from using the Website to infringe or violate any intellectual property rights. Pipe Exchange may terminate your right to access the Website if it believes you are using the Website in a manner that infringes the copyright, trademark, patent or other intellectual property rights of another.

We may investigate occurrences that may involve violations of the security of the Services or of the law and we may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

The trademarks, logos, service marks and trade names (collectively the “Trademarks”) displayed on the Website or on content available through the Website are registered and unregistered Trademarks of ours and others and may not be used unless authorized by the trademark owner.  All Trademarks not owned by us that appear on the Website or on or through the Website’s services, if any, are the property of their respective owners.  Nothing contained on the Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any Trademark displayed on the Website without our written permission or that of the third-party rights holder.  Your misuse of the Trademarks displayed on the Website is strictly prohibited.  Pipe Exchange will aggressively enforce its Trademark rights to the fullest extent of the law, including the seeking of criminal prosecution.

PERSONAL USE ONLY

The Website and the Content are intended for your personal use.  You may access and view the content on the Website via your computer or other internet compatible device, and make single copies or prints of the content on the Website for your personal, internal use only.   The Website and the services offered on or through the Website, including Pipe Exchange’s e-publication and any other content and materials thereon, are only for your personal, non-commercial use. Except as otherwise provided on the Website, you may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, sell, create derivative works from, transfer, or sell any information, software, products or services obtained from the Website. Use of the Website to sell a product or service, or to increase traffic to your website for commercial reasons, such as advertising sales is expressly forbidden.

PROHIBITED USE

Any commercial distribution, publishing or exploitation of the Website, or any content, code, data or materials on the Website, is strictly prohibited unless you have received the express prior permission of Pipe Exchange or the applicable rights holder.  You may not otherwise download, display, copy, reproduce, distribute, modify, perform, transfer, create derivative works from, sell or otherwise exploit any content, code, data or materials on the Website.  If you make other use of the Website, or the content, code, data or materials thereon, except as otherwise provided above, you may violate copyright and other laws of the United States, other countries, as well as applicable state laws and may be subject to liability for such unauthorized use.  Pipe Exchange will aggressively enforce its intellectual property rights to the fullest extent of the law, including the seeking of criminal prosecution.

SECURITY

You are prohibited from violating, or attempting to violate the security of the Website. Any such violations may result in criminal and civil liabilities to you.  You warrant and agree that, while using the Website and the various services and features offered on or through the Website, you shall not: (a) impersonate any person or entity or misrepresent your affiliation with any other person or entity; (b) insert your own or a third party’s advertising, branding or other promotional content into any of the Website’s content, materials or services, or use, redistribute, republish or exploit such content or service for any further commercial or promotional purposes or take any action that would constitute or could be interpreted as an endorsement or sponsorship by Pipe Exchange of any third party site, content, information or other materials, or in any manner that would violate the terms and conditions of any such third party sites; (c) attempt to probe, scan, or test the vulnerability of any system or network; or (d) attempt to gain unauthorized access to data not intended for you and/or other computer systems through the Website.  You shall not: (i) engage in spidering, “screen scraping,” “database scraping,” harvesting of e-mail addresses, wireless addresses or other contact or personal information, or any other automatic means of accessing, logging-in or registering on the Website or for any services or features offered on or through the Website, or obtaining lists of users or obtaining or accessing other information or features on, from or through the Website or the services offered on or through the Website, including, without limitation, any information residing on any server or database connected to the Website or any services offered on or through the Website; (ii) obtain or attempt to obtain unauthorized access to computer systems, materials, information or any services made available on or through the Website through any means; (iii) use the Website or the services made available on or through the Website in any manner with the intent to interrupt, damage, disable, overburden, or impair the Website or such services, including, without limitation, sending mass unsolicited messages or “flooding,” “spamming,” or “crashing” any systems; (iv) use the Website or the Website’s services or features in violation of Pipe Exchange’s or any third party’s intellectual property or other proprietary or legal rights; or (v) use the Website or the Website’s services in violation of any applicable law.  You further agree that you may not attempt (or encourage or support anyone else’s attempt) to circumvent, reverse engineer, decrypt, or otherwise alter or interfere with the Website or the Website’s services, or any content thereof, or make unauthorized use thereof.  You agree that you will not use the Website in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party’s use and enjoyment of the Website. You may not obtain or attempt to obtain any materials or information through any means not intentionally made publicly available or provided for through the Website. Pipe Exchange will investigate any alleged violations and will cooperate with law enforcement agencies in their investigations.

THIRD-PARTY CONTENT

Some of the information and material available through the Website are provided to Pipe Exchange by third parties (“Third-Party Material”). In some instances, the source of the Third-Party Material is identified. Third-Party Material is provided for your convenience only and Pipe Exchange does not endorse these materials or the parties who supply them to us. Pipe Exchange does not warrant or represent that these Third-Party Materials are current, accurate or reliable.

COPYRIGHT AGENT

We respect the intellectual property rights of others, and require that the people who use the Website do the same.  If you believe that your work has been copied in a way that constitutes copyright infringement, please forward the following information to Pipe Exchange’s Copyright Agent, designated as such pursuant to the Digital Millennium Copyright Act, 17 U.S.C. § 512(c)(2), named below:

  • Your address, telephone number, and email address;
  • A description of the copyrighted work that you claim has been infringed;
  • A description of where the alleged infringing material is located;
  • A statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
  • An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest; and
  • A statement by you, made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
  • For all email submissions please include the subject line: DMCA Takedown Request.

 

Pipe Exchange has adopted a policy of terminating, in appropriate circumstances, accounts of users of the services or the Website who are deemed to have repeatedly uploaded content that infringes the intellectual property rights of others.

 

Copyright Agent:

Pipe Exchange Legal

c/o Pipe Exchange LLC

14025 West Road.
Suite #100
Houston, TX 77041

Phone: + (713) 934-9480

Email: dmca@pipexch.com

DISCLAIMER OF WARRANTIES

THE WEBSITE AND ITS CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER. PIPE EXCHANGE, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTIES RIGHTS, AND THE WARRANTY OF FITNESS FOR PARTICULAR PURPOSE. PIPE EXCHANGE MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS FOUND OR CONTAINED ON THE WEBSITE. PIPE EXCHANGE DOES NOT WARRANT THAT THE WEBSITE, THE CONTENT, OR ITS SERVERS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOU UNDERSTAND AND AGREE THAT YOU OBTAIN MATERIAL THROUGH THE USE OF THE WEBSITE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGES TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS.

ALL MATERIAL CONTAINED IN THE WEBSITE IS FOR GENERAL INFORMATION ONLY, HAS NOT BEEN INDEPENDENTLY VERIFIED, HAS NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE REGULATORY AUTHORITY AND MAY CONTAIN ERRORS OR OMISSIONS OF MATERIAL INFORMATION. THE MATERIAL AND INFORMATION CONTAINED ON THE WEBSITE SHOULD NOT, THEREFORE, BE USED OR RELIED UPON FOR ANY SPECIFIC REASON OR APPLICATION WITHOUT INDEPENDENT COMPETENT PROFESSIONAL EXAMINATION AND VERIFICATION OF ITS ACCURACY, COMPLETENESS, SUITABILITY AND APPLICABILITY. ANYONE MAKING USE OF THE MATERIAL DOES SO AT HIS/HER/ITS OWN SOLE AND EXCLUSIVE RISK AND ASSUMES ANY AND ALL ACTUAL OR POTENTIAL DAMAGE OR LIABILITY RESULTING FROM SUCH USE.

LIMITATION OF LIABILITY

IN NO EVENT SHALL PIPE EXCHANGE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE MATERIAL ON THE WEBSITE OR SITES LINKED TO THE WEBSITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT PIPE EXCHANGE IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TERMINATION

Pipe Exchange may terminate, change, suspend or discontinue any aspect of the Website or the Website’s services at any time.  Pipe Exchange may restrict, suspend or terminate your access to the Website and/or its services if we believe you are in breach of our terms and conditions or applicable law, or for any other reason without notice or liability.  Pipe Exchange maintains a policy that provides for the termination in appropriate circumstances of the Website use privileges of users who are repeat infringers of intellectual property rights.

USER’S REMEDY

If you are dissatisfied with any portion of the Website or with any of these Terms of Use, your sole and exclusive remedy is to discontinue using the Website.

GOVERNING LAW AND VENUE

These Terms of Use and the relationship between you and Pipe Exchange shall be governed by the laws of the United States and the State of Florida without regard to its conflict of law provisions. You hereby irrevocably submit and consent to the personal and exclusive jurisdiction of the courts located within Miami-Dade County, Florida and agree that any cause of action that may arise under these Terms of Use and all disputes arising out of or relating to the use of the Website shall be commenced and be heard in the appropriate court in Miami-Dade County, Florida. The failure of Pipe Exchange to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms of Use remain in full force and effect. 

QUESTIONS ABOUT TERMS OF USE

If you have any questions regarding these Terms of Use, please either:

Send an email to sales@pipexch.com

Write to Pipe Exchange at the following address:

14025 West Road

Suite 100

Houston, TX 77041