The Nederland/Beaumont crude oil hub has been somewhat overshadowed recently by other Gulf Coast crude export hubs despite hosting America’s largest refinery, a handful of export terminals and pipeline links to the prolific Permian Basin. But while plans to build one or more deepwater crude export terminals could mean big changes for the Gulf Coast hubs, the Nederland/Beaumont area isn’t standing still. In today’s RBN blog, we discuss what’s ahead for the region and its emergence as a leader in NGL exports.
Join us at our historic 20th School of Energy!
School of Energy: Foundations is a two day, in person conference designed to help energy professionals better understand the forces shaping crude oil, natural gas, NGLs, refined products, and petrochemicals.
Attendees will learn from RBN experts, work with Excel based analytical models, participate in Q&As, and network with industry peers.
Build the foundation to better navigate volatile energy markets.
Before we dive in, let’s recap what we’ve already said in this series. In Texas Hold ’Em, we examined how pipeline takeaway issues in the Permian — particularly for natural gas, which crude-focused wells in the basin produce in massive volumes — have crept back to the forefront. As drillers know all too well, production growth can only happen if there is sufficient pipeline capacity in place to handle the oil and the accompanying associated gas. Permian crude oil output is currently at 6.3 MMb/d. About 800 Mb/d is either consumed by refineries in West Texas and New Mexico or moves north out of the basin towards the Cushing, OK, storage hub. That leaves about 5.5 MMb/d of supply competing for the 6.4 MMb/d of pipeline capacity to reach the U.S. Gulf Coast — home to half the nation’s refining capacity and all major oil export terminals. So, there is not yet a constraint on barrels exiting the basin overall, but there is a far greater economically driven interest in getting capacity to the Gulf Coast.
The issues surrounding the Permian Basin are among many to be discussed at RBN’s 18th School of Energy, a two-day immersion in oil, gas, NGL and refined products markets, infrastructure and exports, to be held June 26-27 in Houston.
In Corpus Christi Bay we described how two midstream companies are responding to the situation in the Permian with plans to boost capacities of their respective pipelines from the basin to the Corpus/Ingleside area. Most recently, in Houston (Means I’m One Day Closer to You), we examined the latest Permian oil flows to Houston and how they could change if and when one of the deepwater export projects capable of fully loading a Very Large Crude Carrier (VLCC) comes online. In today’s blog, we’ll address what’s in store for the Nederland/Beaumont hub and its nearby Port Arthur refining center.
Figure 1. The Nederland/Beaumont Oil Hub. Source: RBN
Join Backstage Pass to Read Full Article
About the song
“Adaptation” was written by Abel Tesfaye (The Weeknd), Amad Balshe (Belly), Danny Schofield, Jason Quenneville and Sting. It appears as the third song on The Weeknd’s debut studio album, Kiss Land. The song is about The Weeknd’s adaptation to the life he’s chosen with its ups and downs and love lost. The song samples The Police’s “Bring on the Night.” Personnel on the record were: The Weeknd (vocals, sampling, programming), Brandon “Bizzy” Holemon (guitar), Manny Marroquin, Mark "Spike" Stent (mixing), and DaHeala, Goggs, DannyBoyStyles (engineering).
Kiss Land was recorded during 2013 at Conway in Los Angeles, South Beach and The Studio Setai in Miami, and the Studio at the Palms in Las Vegas. It was produced by The Weeknd, DannyBoyStyles, DaHeala and Sikky Johnson. Released in September 2013, the album went to #1 on the Billboard Top R&B/Hip-Hop and #2 on the Billboard 200 Albums charts. It has been certified Gold by the Recording Industry Association of America. Six singles were released from the LP.
The Weeknd (Abel Makkonen Tesfaye) is a Canadian singer, songwriter, R&B and hip-hop artist. He is known for his unique production values and high falsetto vocal register. He began his professional career in 2009, releasing music anonymously, then in mixtape form before signing with Republic Records in 2012. He has released five studio albums, one live album, three compilation albums, one soundtrack album, nine EPs, and 74 singles. He has appeared in six films and has won 20 Billboard Music Awards, four Grammy Awards, and three MTV Video Music Awards. In February 2021, The Weeknd was the halftime entertainment at Super Bowl LV. He continues to record and tour.
