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NATURAL GAS WEEKLY UPDATE (Week Ending 08-27-21)

NATURAL GAS WEEKLY UPDATE (Week Ending 08-27-21)

In the News (EIA):

In our latest Short-Term Energy Outlook Associated natural gas production declines in 2020, following three years of growth:

In 2020, annual production of associated-dissolved natural gas (or associated gas)—which is natural gas produced from oil wells—declined in the combined five major U.S. onshore crude oil-producing regions for the first time since 2016. The share of associated gas produced in these five regions (Permian, Bakken, Eagle Ford, Niobrara, and Anadarko) declined by 1.5% year over year and averaged 37.7% of natural gas production in the regions. Associated gas production averaged 14.2 billion cubic feet per day (Bcf/d) in 2020 (a 4.1% decline from 2019) amid a 9.2% drop in oil production in these regions. When natural gas dissolves in crude oil under the pressure of a geologic formation, this associated gas is released when the pressure on the crude oil is relieved by bringing it to the surface. Until 2020, the share of associated gas in these five regions, along with oil production, had been increasing. Between 2016 and 2019, associated gas production grew at its most rapid pace (6.1 Bcf/d) because of high levels of new crude oil production. Production of both crude oil and associated gas declined in 2020 because of the rapid drop in oil and gas demand, and consequently prices, during the COVID-19 pandemic. These price drops in turn resulted in a substantial decrease in capital spending throughout the upstream oil and gas industry during this time period. In 2020, the Permian region, which spans parts of western Texas and southeastern New Mexico, produced 50% of total U.S. associated gas. Only the Permian region increased its production of both crude oil and associated gas in 2020, but these increases did not offset declines in both crude oil and associated gas production in the other four regions. Some of this increase in associated gas production can be attributed to greater natural gas takeaway capacity and higher rates of natural gas capture in the Permian region. Associated gas contains higher ratios of natural gas plant liquids (NGPLs) such as ethane, propane, normal butane, isobutane, and natural gasoline than non-associated natural gas. NGPLs are used as feedstocks to produce plastics, fibers, and other products; they are also used for heating and for transportation. Despite the 2020 decline in associated gas, years of rising associated gas production led to record high volumes of NGPL production in 2020, supported by increased ethane production in response to high ethane demand. Ethane consumption has been growing steadily both domestically and through exports since 2014. Note: EIA designates wells as either oil or natural gas wells based on a gas-oil ratio (GOR) of 6,000 cubic feet (cf) of natural gas to 1 barrel (b) of oil (cf/b) for each year’s production. We classify GOR equal to or less than 6,000 cf/b as oil wells and GOR greater than 6,000 cf/b as natural gas wells. Natural gas volumes have been converted to the federal pressure base of 14.73 pound-force per square inch.

Overview:

Natural gas spot prices rose at most locations this report week (Wednesday, August 18, to Wednesday, August 25). The Henry Hub spot price rose from $3.86 per million British thermal units (MMBtu) last Wednesday to $4.01/MMBtu yesterday. The price of the September 2021 NYMEX contract increased 4¢, from $3.852/MMBtu last Wednesday to $3.897/MMBtu yesterday. The price of the 12-month strip averaging September 2021 through August 2022 futures contracts climbed 4¢/MMBtu to $3.709/MMBtu. The net injections to working gas totaled 29 billion cubic feet (Bcf) for the week ending August 20. Working natural gas stocks totaled 2,851 Bcf, which is 16% lower than the year-ago level and 6% lower than the five-year (2016–2020) average for this week. The natural gas plant liquids composite price at Mont Belvieu, Texas, fell by 27¢/MMBtu, averaging $9.56/MMBtu for the week ending August 25. Normal butane and isobutane prices fell 4%. Natural gasoline prices decreased 2%, in line with a 2% drop in Brent crude oil prices. Propane prices, which reached record highs last week, also fell 2%. Although propane prices are still at a premium to crude oil prices, the price spread narrowed from 5% above Brent crude oil prices last week to 4% above Brent crude oil prices this week, measured on a heat-content equivalent ($/MMBtu). Ethane prices decreased 3%, more than the 1% decline in ethylene prices and the flat weekly average natural gas price at the Houston Ship Channel. Ethane prices declined for a second week in a row after reaching above $5/MMBtu two weeks ago the highest level since February 2019. The ethane premium to natural gas narrowed by 12%, or $0.14/MMBtu, for the week ending August 25. According to Baker Hughes, for the week ending Tuesday, August 17, the natural gas rig count decreased by 5 rigs to 97 rigs, and it is now at its lowest level in over two months. Losses were distributed across various basins: Eagle Ford, Haynesville, and Marcellus all lost one rig, with minor changes in the “other regions” category. The number of oil-directed rigs rose for the fourth week in a row, by 8 rigs to 405 rigs. The Permian Basin gained three rigs: two in Texas and one in New Mexico. Three oil rigs were also added in Louisiana, and the other two rigs were in other regions. The total rig count increased by 3 rigs, and it now stands at 503 rigs, the highest level since mid-April 2020.

Prices/Supply/Demand:

Henry Hub prices rise with increasing demand alongside increasing prices across the country. This report week (Wednesday, August 18, to Wednesday, August 25), the Henry Hub spot price rose 15¢ from $3.86/MMBtu last Wednesday to $4.01/MMBtu yesterday. Strong natural gas demand across the central and eastern United States, driven by above-normal temperatures and air-conditioning demand that led to increased power generation, increased prices in most markets, putting upward pressure on the Henry Hub price, which reached the highest level for this report week yesterday. Prices rise across the Midwest as temperatures rise well above normal, driving power generation demand higher. At the Chicago Citygate, the price increased 23¢ from $3.72/MMBtu last Wednesday to a weekly high of $3.95/MMBtu yesterday. Temperatures in Chicago reached a weekly high of 96°F, a new historical high and 14°F above normal, on Tuesday and remained elevated yesterday, reaching a daily high of 94°F. Temperatures in other major cities in the Midwest also recorded well-above-normal temperatures yesterday. Des Moines, Iowa, reached a high of 93°F (10°F above normal); Kansas City, Kansas, reached 93°F (7°F above normal); and St. Louis, Missouri, at 100°F (13°F above normal), was just 1°F below the all time-high set in 1943. The resulting air-conditioning demand has driven power generation to record levels in some markets, increasing natural gas consumption for power generation in the Midwest to over 4.6 billion cubic feet per day (Bcf/d) yesterday according to IHS Markit, the highest level since the last week of June. On Tuesday and yesterday, the Midcontinent Independent System Operators (MISO), the electricity-balancing authority for much of the Midwest, issued an operational alert for maximum power generation resources due to the heatwave. California prices rise in response to pipeline constraints, despite lower temperatures and reduced power generation demand. The price at the Pacific Gas and Electric Company (PG&E) Citygate in Northern California rose 4¢, up from $5.16/MMBtu last Wednesday to a weekly high of $5.20/MMBtu on Tuesday and yesterday. Gas Transmission Northwest (GTN), which receives natural gas imported from Canada at Kingsgate, Idaho, reduced flows on the pipeline by approximately 0.2 Bcf/d early in the report week due to maintenance, which was completed this morning (Notice ID 833). GTN moves natural gas across the Pacific Northwest, terminating at Malin, Oregon, the northern delivery point into the PG&E territory. Prices at Malin rose 7¢ from $4.17/MMBtu last Wednesday to $4.24/MMBtu yesterday, after reaching a weekly high of $4.50/MMBtu on Tuesday, the highest level since mid-February. The price at SoCal Citygate in Southern California increased $1.97 from $4.77/MMBtu last Wednesday to $6.74/MMBtu yesterday. SoCal Citygate prices reached a weekly low of $4.14/MMBtu on Friday, reflecting relatively low demand as temperatures in the region fell below normal. In Riverside, inland from Los Angeles, where daily high temperatures for this time of year approach 100°F, the daily maximum temperature on Saturday reached 77°F, 18°F below normal and a new historical low for the day. IHS Markit estimates natural gas demand for power generation in California fell below 1.5 Bcf/d over the weekend, after averaging over 2.5 Bcf/d in the prior week. The lower demand coincided with reduced flows on the El Paso Natural Gas Company (EPNG) pipeline due to a force majeure covered in last week’s report. Following up on the initial announcement and reduction in flows, EPNG issued an updated critical notice (Notice ID 612712) that lists further delivery reductions due to reduced pressure on Line 2000, which moves natural gas from the Permian Basin in west Texas to the California border. Effective August 26, with no specified end date, EPNG will reduce deliverability of natural gas along the pipeline’s path to numerous delivery points, including a reduction of approximately 0.5 Bcf/d at Ehrenberg, the delivery point into Southern California. The reduction in available natural gas into the SoCal territory, as well as a return to above-normal temperatures, has resulted in SoCal prices reaching a weekly high yesterday. Prices in the Northeast rise because of warmer weather and increased air-conditioning demand. At the Algonquin Citygate, which serves Boston-area consumers, the price went up 44¢ from $3.88/MMBtu last Wednesday to $4.32/MMBtu yesterday, after reaching a weekly high of $4.43/MMBtu on Tuesday. At the Transcontinental Pipeline (Transco) Zone 6 trading point for New York City, the price increased 16¢ from $3.83/MMBtu last Wednesday to a weekly high of $3.99/MMBtu yesterday. Temperatures in the region rose rapidly through the week. Temperatures in Boston reached a high of 94°F yesterday, 15°F above normal and 6°F above last Wednesday’s high. Temperatures and prices in the Boston area reached a weekly low on Friday when the daily high fell to 79°F, 1°F below normal, and the price at the Algonquin Citygate fell to $3.87/MMBtu. New York weather and prices followed a similar pattern. The highest temperatures of the week were reported yesterday, when the daily high in Central Park reached 91°F, 9°F above normal, and fell to weekly lows on Friday, when the daily high was 82°F, 1°F below normal. Prices at Transco Zone 6 fell to a weekly low of $3.71/MMBtu on Thursday, and they remained nearly flat through Friday before rising again early this week. Prices in the Appalachian production region rise, but not as much as in the demand regions, as pipeline capacity limits are reached. The Tennessee Zone 4 Marcellus spot price increased 13¢ from $3.55/MMBtu last Wednesday to $3.68/MMBtu yesterday. The price at Eastern Gas South in southwest Pennsylvania rose 15¢ from $3.58/MMBtu last Wednesday to $3.73/MMBtu yesterday. Prices at both hubs reached their weekly highs yesterday. IHS Markit reports natural gas flows out of the region approached 26 Bcf/d yesterday, about 1 Bcf/d below the all-time highs reported in March. Prices in the Permian Basin production region increase, despite reduction in pipeline takeaway capacity. The price at the Waha Hub in West Texas, which is located near Permian Basin production activities, rose 17¢, from $3.51/MMBtu last Wednesday to $3.68/MMBtu yesterday. The discount at the Waha hub relative to the Henry Hub decreased by 2¢, from 35¢/MMBtu last Wednesday to 33¢/MMBtu yesterday. The discount at the Waha Hub relative to SoCal Citygate increased from $1.26/MMBtu last week to $3.06/MMBtu this week, as congestion on the EPNG pipeline resulted in a decline of approximately 0.5 Bcf/d in westbound natural gas shipments out of the Permian Basin, compared with pre-outage flows reported prior to August 15, the day Line 2000 ruptured in Arizona (see discussion in the California section above). Average U.S. natural gas supply rises from all sources week over week. Total average supply of natural gas rose by 0.9%, or 0.9 Bcf/d, compared with the previous report week, according to data from IHS Markit. Average marketed natural gas production and average dry production rose 0.8% and 0.7% respectively (or 0.8 and 0.7 Bcf/d). Average net Canadian imports rose 3.7%, or 0.2 Bcf/d, and average sendout from LNG import terminals increased 2.7% this report week. Average U.S. natural gas consumption increases compared with the previous report week due to higher demand for power generation. Average total U.S. consumption of natural gas rose by 0.8%, or 0.7 Bcf/d, week over week, driven by a 2.8%, or 1.0 Bcf/d, increase in power generation. Higher than average temperatures across the upper Midwest and the eastern portion of the United States contributed to increased electric power demand. Average weekly residential and commercial consumption remained relatively unchanged. Declining demand in the industrial sector and exports offset some of the growth. The average consumption in the industrial sector declined 0.5%, or 0.1 Bcf/d. Pipeline exports to Mexico fell 1.2%, or 0.1 Bcf/d, and pipeline deliveries to LNG export terminals declined by 2.6%, or 0.2 Bcf/d. U.S. LNG exports increase week over week. Eighteen LNG vessels (six from Sabine Pass, four from Corpus Christi, three each from Cameron and Freeport, and one each from Cove Point and Elba Island), with a combined LNG-carrying capacity of 67 Bcf, departed the United States between August 19 and August 25, 2021, according to shipping data provided by Bloomberg Finance, L.P.

Storage:

The net injections into storage totaled 29 Bcf for the week ending August 20, compared with the five-year (2016–2020) average net injections of 44 Bcf and last year’s net injections of 45 Bcf during the same week. Working natural gas stocks totaled 2,851 Bcf, which is 189 Bcf lower than the five-year average and 563 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 30 Bcf to 47 Bcf, with a median estimate of 38 Bcf. The average rate of injections into storage is 13% lower than the five-year average so far in the refill season (April through October). If the rate of injections into storage matched the five-year average of 9.4 Bcf/d for the remainder of the refill season, the total inventory would be 3,530 Bcf on October 31, which is 189 Bcf lower than the five-year average of 3,719 Bcf for that time of year.

Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041

  • Phone: 713.934.9480
  • Fax: 713.934.9490
  • Email: sales@pipexch.com
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Phone: 713.934.9480
Fax: 713.934.9490
Email: sales@pipexch.com

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PIPE EXCHANGE PRIVACY POLICY

Last Updated: August 2019

 

Pipe Exchange LLC (“Pipe Exchange,” “we,” “us,” and “our”) respects your privacy. This privacy policy (this “Privacy Policy”) explains the accepted privacy practices for our online service and product listings (collectively, the “Services”) found via our website at https://pipexch.com/ (the “Website”). It describes the ways in which your personal information is collected and used, and the rights and options available to you with respect to such information.

 

If you have questions or complaints regarding this Privacy Policy and/or our privacy practices in general, please contact us as described in this Privacy Policy. 

 

Personal Information that Pipe Exchange collects

In the course of signing up for the Pipe Exchange e-publication and/or contacting Pipe Exchange via the “Contact Us” section of the Website, you may choose to provide personal information (e.g., your name, phone number, email address, etc.). We will explicitly indicate the fields designated for mandatory completion. If you do not enter the requisite data in the mandatory fields, you will not be able to receive the e-publication and/or complete the relevant contact form.  It’s important that you understand there is no requirement by law for you to provide Pipe Exchange with your personal details – the information you share with us is entirely voluntary.

 

We request that you provide Pipe Exchange with complete, accurate and correct details. Your failure to do so will likely result in Pipe Exchange being unable to contact you about your inquiries into our Services.  

 

If, at any time, you provide Pipe Exchange with personal details about another person, you expressly represent and warrant that you represent and warrant that (1) you have that person’s explicit consent to provide such details to Pipe Exchange; and (2) such person has given explicit consent (a) for Pipe Exchange to collect, process, use and store such information as set forth in this Privacy Policy and any commercial agreement you have entered into with us. When we receive end user data in this capacity (i.e., as a data processor), we will carry out your instructions (i.e., as the data controller) with regards to its usage and processing of such data, and will not use such data outside the scope of our processing activities unless required by applicable law.

 

Content that you provided for publication on the Website

From time to time, Pipe Exchange may enable you to post content on the Website (i.e., on a blog, in a community forum, etc.), or to provide Pipe Exchange with content that Pipe Exchange will post.  In either scenario, by making available such content to Pipe Exchange, you expressly acknowledge, agree and warrant that: (i) such content may be published on the Website; (ii) such content may be used by Pipe Exchange in various other capacities and for various purposes as Pipe Exchange deems appropriate, including without limitation, improving the Services and managing complaints; and (iii) such content does not violate any other person’s right to privacy, does not violate any applicable laws, and does not otherwise infringe any other party’s intellectual property rights. In addition to the foregoing, you should be aware that any content you provide in these areas may be read, collected, and used by others. Based on the foregoing, we ask that any content you provide to Pipe Exchange for publication DOES NOT INCLUDE ANY PERSONAL INFORMATION ABOUT YOU OR ANYONE ELSE.

 

If, at some point, you request the removal of your content from the Website, Pipe Exchange will undertake reasonable efforts to accommodate your request, but it may not be possible to do so.  If that should happen, we’ll notify you accordingly.

 

Information gathered when using the Services

Pipe Exchange may collect information pertaining to your activity on the Website, including content that you create, information or advertisements that you have read, the web pages you visited, offers and Services that were of interest to you, the location of the computer and the Internet Protocol (IP) address through which you had access to the Website and more. Additionally, Pipe Exchange may collect or use the assistance of third parties to collect and analyze anonymous, statistical or aggregative information related to your use of the Website (and if applicable, the Services offered thereon), including information related to your personal details and activities.

 

Marketing Communications

 

Pipe Exchange does not use any of your information collected or provided for any marketing purposes. In the event this changes we will update you of such changes as required by applicable law.

 

Other Use of Information

We will store the information you provide and the information we collect about your activity on the Website throughout our databases (the “Databases”). We reserve the right to use such information for the following purposes:

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  • To improve and customize your experience and other users’ experience with both the Website and related Services;
  • To contact you occasionally, either by Pipe Exchange or by a third party acting on our behalf, regarding the Services. Subject to applicable laws and aside from our first communication, we will only contact you about Pipe Exchange’s offerings if you permit us to do so.  Even if you authorize Pipe Exchange to contact you, your authorization may be revoked/withdrawn by you at any time and you may opt out of the Website’s mailing lists by following the unsubscribe instructions in each of the emails you receive or by contacting us as described below; 
  • To contact you if you or someone in your organization requests a product demonstration or product information;
  • To contact you as and when Pipe Exchange believes it to be necessary for technical, administrative or security reasons;
  • To analyze and provide statistical information to third parties. This information will not identify you personally; 
  • For the orderly and proper operation and development of the Website and associated Services; or
  • For any other purpose specified in this Privacy Policy.

Choice and Opt-Out

You can always opt not to disclose information to us, but keep in mind that some information may be needed to create an account or take advantage of some of the features of the Website. Even if you have agreed to receive operational communications from us, you may always decide to stop receiving such materials by sending an email to privacy@pipexch.com

 

Transfer of Information to Third Parties

Pipe Exchange will not transfer your personal details and any information collected pertaining to your activities on the Website (provided that such details and information identify you personally) to any third party, except in the following cases or as otherwise outlined in this Privacy Policy:

  • If Pipe Exchange reasonably believes that you have abused your rights to use any of the Services, or performed any act or omission that Pipe Exchange reasonably believes to be violating any applicable law, rules, or regulations. Pipe Exchange may share your information in these cases, with law enforcement and other competent authorities and with any third party, as may be required to handle any result of your wrongdoing;
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  • In any case of dispute, or legal proceeding of any kind between you and Pipe Exchange, or between you and other users or third parties with respect to, or in relation with the Services;
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  • If Pipe Exchange organizes the operation of the Services within a different framework, or through another legal structure or entity, or if Pipe Exchange is acquired by, or merged with another entity, provided however, that those entities agree to be bound by the provisions of this Privacy Policy;
  • Pipe Exchange may share personally identifiable information and information related to your use of the Website, with companies or organizations connected to or affiliated with Pipe Exchange, such as service providers (e.g., an email service provider to send you emails on our behalf), with the express provision that their use of such information must comply with this Privacy Policy; or
  • Pipe Exchange is also entitled to transfer or share anonymous, statistic or aggregative information with companies or organizations connected to Pipe Exchange, and with suppliers, business partners, advertisers, and every third party, according to Pipe Exchange’s absolute discretion; however, Pipe Exchange will not disclose your identity to them, knowingly or deliberately, without receiving your consent.  

Children’s Online Privacy Information

Pipe Exchange does not knowingly collect personal information from minors who are under the age of 16 through the Website and/or the Services thereon. If a parent or guardian becomes aware that his or her child has provided us with personally identifiable information without his/her consent, then he or she should contact Pipe Exchange at the information described below. If we become aware that a child under the age of 16 has provided us with personally identifiable information, we will delete such information from our files. Further, the Children’s Online Privacy Protection Act (“COPPA”) requires parental consent for collection of data from children younger than the age of 13 years old. For tips on protecting children’s privacy online, generally, please view the U.S. Federal Trade Commission (“FTC”) website at http://www.ftc.gov/privacy/privacyinitiatives/childrens.html.

Cookies 

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A cookie is a small text file that is stored in your web browser that allows Pipe Exchange or a third party to recognize you. Cookies might be used for the following purposes: (1) to enable certain functions; (2) to provide analytics; (3) to store your preferences; and (4) to enable ad delivery and behavioral advertising.

Cookies can either be session cookies or persistent cookies. A session cookie expires automatically when you close your browser. A persistent cookie will remain until it expires or you delete your cookies. Expiration dates are set in the cookies themselves; some may expire after a few minutes while others may expire after multiple years. Cookies placed by the website you’re visiting are sometimes called “first party cookies,” while cookies placed by other companies are sometimes called “third party cookies.”

  1. What cookies are used when I use the Pipe Exchange Website?

When you access and/or use the Website, Pipe Exchange or a third party may place a number of cookies in your browser. Some of the cookies will only be used if you use certain features or select certain preferences, and some cookies will always be used.

Each cookie serves one of four different purposes:

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Finally, we may set cookies within emails we send to you (if you have consented to receiving emails from us). These cookies are used to track how often our emails are opened and clicked on by our customers. You can manage email cookies in the same way as website cookies, as explained above.

  1. How do third parties use cookies on the Pipe Exchange Website?

Third party companies like analytics companies and ad networks generally use cookies to collect user information on an anonymous basis. They may use that information to build a profile of your activities on the Website and other websites that you’ve visited.

  1. What are my cookie options?

If you don’t like the idea of cookies or certain types of cookies, you can change your browser’s settings to delete cookies that have already been set and to not accept new cookies. To learn more about how to do this, visit the help pages of your browser. Please note, however, that if you delete cookies or do not accept them, you might not be able to use all of the features we offer, you may not be able to store your preferences, and some of our pages might not display properly.

You may also opt out of third party cookies by following the instructions provided by each third party in its privacy policy.

  1. Do you use any other user tracking technologies?

We use additional technologies to help track user activities and preferences. For example, we use Google Analytics and when you visit the Website via Facebook, we use tracking pixels.

  1. Interest-Based Advertising

We and third parties engage in interest-based advertising provided by vendors in order to deliver advertisements and personalized content that we and other advertisers believe will be of interest to you. To the extent third-parties are using cookies or other technologies to perform these services, Pipe Exchange does not control the use of this technology or the resulting information for online, mobile, or email advertising, and is not responsible for any actions or policies of such third parties. Advertisements, emails, and other messages may be delivered to you by Pipe Exchange or its service providers based on your online or mobile behavior, your search activity, your geographic location or other information that is collected by us or obtained from third parties. Some of our vendors and we may use our own or third-party aggregated or anonymized personal information, demographic data, and other inferred commercial interests to assist in the delivery of our advertisements to you.

In addition, we and our business partners use third parties to establish deterministic or probabilistic connections among devices (such as smartphones, tablets, and computers) to deliver more relevant advertising to you and for advertising analytics and reporting purposes. This means that information about your use of websites or applications on your current device may be combined with information from your other devices. We also may share this information and other inferences with third parties to allow them to target advertising, personalize content, or analyze behavior. This allows, for example, advertisements you see on your tablet to be based on activities you engaged in on your smartphone. These business partners may share and combine information from cookies with identifiers (such as device IDs assigned by Google or Apple) and IP addresses to make connections among related devices. This also allows for a more personalized experience across the Website.

If you have any questions about our Cookie Policy, you may contact us by sending an email to privacy@pipexch.com or by writing to us at:  14025 West Road, Suite 100, Houston, TX 77041

 

Social Media Features

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