In The News

Thursday, 02/11/2021

February 10, 2021 – Wall Street Journal

Americans Heating Outdoor Spaces Have Fired Up Propane Prices

By Ryan Dezember

Seven winters ago, during a similarly frigid spell, propane prices shot up to nearly $5 a gallon at the Conway, Kan., trading hub, which serves the region where below-zero temperatures are expected. Back then, in the winter that straddled 2013 and 2014, a lot of the supply had been used to dry a bumper crop of corn just ahead of a cold front.

Supplies aren’t so depleted this year, and a lot of propane headed overseas can...

Thursday, 02/11/2021

February 4, 2021 – DeSmog Blog

$1 Trillion in Oil and Gas Pipelines Worldwide Could Become Stranded Assets, New Report Warns

By: Sharon Kelly

…The pandemic has also forced U.S. drillers to slow their activities. “The rig count is less than half of what it was,” RBN analyst Jason Ferguson told trade publication Natural Gas Intelligence in January. “Producers are not out spending, and the historical relationship of how many wells will be drilled at this price has changed.”…

Read the full article here: ...

Thursday, 02/11/2021

February 3, 2021 – Calgary Herald

Varcoe: As oil rises to $55, Imperial focuses on costs — not spending more to add production

By: Chris Varcoe

Oil prices have been rising since early November, up 13 per cent since the end of last year. On Tuesday, prices for West Texas Intermediate crude closed at US$54.76, having pushed through $55 earlier in the day.

Martin King, a senior analyst at RBN Energy in Calgary, said oil markets have been rebounding as optimism grows that demand will improve once the summer arrives and COVID-...

Thursday, 02/11/2021

January 25, 2021 – Seeking Alpha

Phillips 66: Your No. 1 Reopening Energy Stock Pick

By: Michael Fitzsimmons

...Meantime, PSXP has a 42.25% ownership interest (a net 380,250 bpd) in the world-class 900,000 bpd Gray Oak pipeline that went into service in Q2 of last year and may have ramped up to full-capacity by now. This is important because PSX owns 75% of PSXP's outstanding units - about 170 million units - each of which currently pays a $3.50 annual distribution. That equates to an estimated $595 million in annual midstream income from PSX's...

Monday, 01/25/2021

January 22, 2021 – Natural Gas World

US Permian pipe relaunch [NGW Magazine]

By: Anna Kachkova

RECOVERY UNDERWAY

An often-cited fact about the Permian is that gas from the basin is largely a by-product of drilling for oil, and producers thus focus on their oil operations but also have to deal with their booming gas output. Indeed, prior to the Covid-19 pandemic, rates of flaring of associated gas were reaching record highs, and pipeline operators were scrambling to propose easing the problem with new takeaway capacity...

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