In The News

OilPrice - U.S. Oil and Gas Merger Mania Extends to the Midstream
Wednesday, 02/28/2024

February 21, 2024 – OilPrice

U.S. Oil and Gas Merger Mania Extends to the Midstream

By Tsvetana Paraskova

According to analytics firm RBN Energy, after the frenetic build-out of pipeline infrastructure in the past decade to accommodate soaring U.S. oil and gas production, many public pipeline operators are now looking to boost scale and scope, while private-equity-backed firms are looking to cash in.

“Now, with many publicly held companies looking to gain further scale and scope — and many private-equity-backed midstream...

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Reuters - Trans Mountain expansion may not give long-term price relief to Canada's booming oil output
Wednesday, 02/21/2024

February 21, 2024 – Reuters

Trans Mountain expansion may not give long-term price relief to Canada's booming oil output

By Nia Williams

Most of the new capacity on TMX will be for heavy crude barrels, meaning light and synthetic crude oil is most likely to face rationing on the Mainline and any resulting price discounts, said RBN's King.

The new capacity on TMX will give heavy crude producers a choice of sending barrels to the U.S. west coast and Asia, or to the U.S. Midwest and Gulf Coast on existing pipelines.

...

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WSJ - Say Goodbye to Dirt Cheap Canadian Oil
Wednesday, 02/21/2024

February 21, 2024 – Wall Street Journal

Say Goodbye to Dirt Cheap Canadian Oil

By Jinjoo Lee

The U.S. imports about 4 million barrels a day of Canadian crude oil, which represents more than a fifth of the country’s operating refining capacity. Western Canadian Select was on average about $18 to $19 a barrel cheaper than the U.S. benchmark West Texas Intermediate in 2022 and 2023, according to data from the Alberta Energy Regulator. Part of that discount is because the WCS is a heavier blend that requires more processing and involves higher...

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LP Gas - Propane Personality: Rusty Braziel
Monday, 02/19/2024

February 19, 2024 – LP Gas Magazine

Propane Personality: Rusty Braziel

By Brian Richesson

Braziel, a Texas native, started his career in 1974 as a computer programmer for Skelly Oil in Tulsa, Oklahoma. When Getty Oil bought Skelly Oil, Braziel moved to Los Angeles. He later returned to Tulsa, as well as to Houston, for other roles in the energy field, including with Texaco and Williams. He’s also worked as a commodity trader, fundamentals analyst and operations manager in roles spanning natural gas, natural gas liquids (NGLs) and crude oil...

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CBC - Balmy temperates, robust production sink natural gas prices
Wednesday, 02/07/2024

February 7, 2024 – CBC News

Balmy temperates, robust production sink natural gas prices

By Kyle Bakx

For natural gas producers, profits are taking a hit.

"They're kind of gritting their teeth, wringing their hands and hoping for the best," said Martin King, a Calgary-based senior analyst with RBN Energy.

The expected completion of the LNG Canada export terminal in British Columbia in the middle of this year is providing some level of optimism in the sector, said King, although the impact on pricing is hard to...

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