RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Permian crude production is up over 1.5 MMb/d today and headed to 1.7 MMb/d by the end of 2014. Current hot spots include the Bone Spring, Avalon and Wolfcamp horizontal shale plays in the northern Delaware Basin located in Northwest Texas and Southeast New Mexico.
Big increases in LPG (propane and butane) exports are planned for the west coast. In March (2014) Petrogas purchased the Ferndale, WA terminal from Chevron – the only existing west coast LPG terminal. Then in April, Sage Midstream announced that the company is developing another LPG t
Recent rumors coming out of Washington DC suggest that changes to US regulations that severely limit exports of US crudes are alternatively imminent or being discussed with a view to repeal.
The southern half of the Eastern Seaboard is a logical market for the natural gas surplus that will be flowing out of the Marcellus/Utica in coming years.
Recent rumors coming out of Washington DC suggest that changes to US regulations that severely limit exports of US crudes are being discussed with a view to changes – perhaps even repeal.
A recent proposal from Questar could bring part of a pipeline that once shipped crude to Long Beach from Four Corners in the 1950’s back into service. Questar plans to convert the western segment of its Southern Trails pipeline to crude and rename it the Inland California Express.
Last week US crude oil production reached 8.4 MMb/d – its highest level since October 1986 – up 50 percent since the start of 2011. The engines of growth are Texas and North Dakota and within those states, horizontal drilling in tight oil shale are generating the most exciting results.
No fewer than 28 publically listed companies are currently drilling in the Permian Basin – including industry stalwarts like Occidental Petroleum, ConocoPhillips, Chevron, and Shell as well as independent producers like EOG Resources, Pioneer Natural Resources, Concho Resources and Apache.
The LNG Voyager weekly report provides subscribers with weekly updates of data, analysis and market intelligence on factors affecting feedgas and LNG export volumes, prices and infrastructure, including liquefaction and pipeline projects and capacity contracts.
Surging natural gas production volumes in the Marcellus/Utica will need to move in just about every direction. No single market—not the Northeast, the Midwest, the Southeast, or even the Gulf Coast—is big enough to absorb it all.
One of the most exploited oil plays in history, the Permian Basin in West Texas and New Mexico has recently become ground zero for some of the most exciting new “unconventional” oil and gas development in North America.
