In The News

Wednesday, 09/18/2019

September 16, 2019 – Washington Post

Saudi Attacks Aren’t Bullish for One Energy Market

By Liam Denning | Bloomberg

There’s one energy market that won’t feast on renewed fear of conflict in the Middle East. The windfall accruing to oil producers after the weekend’s attacks in Saudi Arabia is a bad sign for U.S. natural gas.

Far from scrambling for supplies, production of freedom molecules just hit a new record. Ordinarily, that would be cause for celebration. And it is for customers. Producers, meanwhile, are drowning in the stuff – or,...

Friday, 09/13/2019

September 4, 2019 – Reuters

Corpus Christi crude loadings hit record as new Texas pipelines open

By Collin Eaton

HOUSTON (Reuters) - U.S. crude oil loaded onto vessels at Corpus Christi, Texas, last week hit an average 1 million barrels per day (bpd) following the opening of new pipelines from West Texas shale fields, according to consultancy RBN Energy.

Crude pipelines owned by EPIC Midstream and Plains All American Pipeline LP, able to carry up to 1.07 million bpd combined, started operations last month, easing an inland bottleneck by...

Friday, 09/13/2019

August 23, 2019 – Petroleum Economist

Permian pipelines bring relief—and challenges

By Anna Kachkova

Two major new crude pipelines out of the Permian Basin entered service this month, but while this provides some relief to producers, it shifts the congestion to the Gulf Coast

Permian Basin producers should see some relief from the takeaway capacity crunch that has helped constrain crude output growth in the region since last year. From the beginning of August, two out of three major oil pipeline projects scheduled for start-up in the...

Friday, 09/13/2019

August 15, 2019 – Natural Gas Intelligence

Gulf Coast Express Sees Initial Natural Gas Flows; First Spot Transactions Recorded

By Jeremiah Shelor

The commissioning process has begun for Kinder Morgan Inc.’s highly anticipated 2 Bcf/d Gulf Coast Express (GCX) pipeline, and NGI has recorded the first spot price transactions on the new pipe as it progresses toward full-service next month.

The fully subscribed $1.75 billion pipeline is designed to connect the Permian Basin to the Agua Dulce hub near Corpus Christi in South Texas. Given the...

Friday, 09/13/2019

August 8, 2019 – Reuters

New U.S. pipelines poised to start price war for shale shippers

By Collin Eaton

HOUSTON, Aug 8 (Reuters) - The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

These bargain rates, in one case half the initial published rate, will aid strapped oil producers that once had to sell their oil for about $10 less per barrel because of transport...