Yesterday I attended and was a speaker at the 5th Annual Platts Midstream Development Conference at the JW Marriott in Houston. The conference continues through noon on Wednesday. There were a number of excellent presentations throughout the day that we will summarize here during this week. We’ll start with a particularly interesting review of the Plains All American strategy for the Bakken, presented by Jim Cantwell, President, Plains Gas Solutions.
Note: A copy of several of Jim’s slides including a map of Plains’ Bakken assets can be downloaded below. |
Plains is a major player in the Rockies and Bakken region. Plains operates their Rocky Mountain Pipeline System that brings gas from Canada via Glacier pipeline, then down through Billings, MT on the Bear Tooth system and then south to Casper, WY on Bighorn. The Plains system also moves barrels from Casper/Guernsey markets to Salt Lake City.
In the Bakken proper, the Plains system is built around a package of Bakken midstream assets acquired from Nexen in 2010 including a lease gathering business maintaining about 55 Mb/d, the Robinson Lake pipeline, a 20-mile pipeline that currently handles about 18 Mb/d, and eight truck terminals. Today the system includes the Trenton Gathering system that moves barrels into Trenton (Williams Co.) from the southwest, the Bakken north pipeline that moves barrels to Trenton from the northwest, and a couple of pipelines in the Ross/Stanley area (Mountrail County)
My notes from Jim’s presentation follow:
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