Permian Gas Takeaway Can’t Come Fast Enough — Countdown to Matterhorn Express Extended

The pressure is building — literally and figuratively — as Permian Basin gas pipeline takeaway capacity tightens. Relief is on the horizon, but it’s not coming fast enough for Permian producers. The much-anticipated Matterhorn Express Pipeline, a joint venture among WhiteWater Midstream.

Franklin Mountain Puts Up a For Sale Sign in the Delaware Basin

It’s official! Franklin Mountain Energy has just planted a ‘For Sale’ sign in the Delaware Basin. The Denver-based company has hired Jeffries Financial Group to help find a buyer for their prime assets in the Delaware Basin in Lea County New Mexico (see below map).

FID on Energy Transfer's Warrior Pipeline Project Could Emerge in Coming Months

Energy Transfer could decide to move ahead on its proposed 2 Bcf/d Warrior natural gas pipeline from the Permian Basin to East Texas by the time the company hosts its Q3 2024 earnings call.

ONEOK to Rebuild Damaged Oklahoma NGL Fractionator

ONEOK will rebuild its 210 Mb/d NGL fractionator near Medford, OK, which was damaged in an explosion and fire in July 2022.

Woodside Energy Scoops Up OCI Global’s Clean Ammonia Project in Beaumont, TX, Citing Demand Surge by 2050

Australia’s Woodside Energy said August 5 that it would acquire OCI Global’s clean ammonia project in Beaumont, TX, for $2.35 billion, citing expectations that global ammonia demand would double by 2050, with lower-carbon ammonia making up about two-thirds of total demand.

Sentinel Midstream’s Texas GulfLink Receives Pivotal Regulatory Milestone for Deepwater Crude Export Dock

Over five years after its original application to the United States Maritime Administration (MARAD), Sentinel Midstream’s Texas GulfLink (TGL) deepwater export project received its Final Environmental Impact Statement (FEIS).

U.S. Crude Production Hits All-Time High

The EIA reported that Lower-48 production rose by 100 Mb/d to 13 MMb/d, the highest level ever recorded. Alaskan production remained at 400 Mb/d, resulting in a total U.S. production increase of 100 Mb/d to 13.4 MMb/d, also the highest on record.

Propane Build Dashes Expectations, Is Steady After Setting Record

The EIA reported total U.S. propane/propylene inventories built by 515 Mbbl for the week ended August 2 (red bar in figure below), which was lower than industry expectations for an increase of 2.2 MMbbl and 687 Mbbl lower than the 5-year average (green bar in figure below).

From Ground Up: Building A Comprehensive Understanding Of Natural Gas Pipelines

Two-Part Natural Gas Pipelines Webcast Series, Exclusively for Backstage Pass Subscribers
Hosted by Rick Smead, Managing Director of RBN Energy Advisory Services
Part 1: History and Regulation (Watch the Replay Now!)
Part 2: Approvals, Financing, and Assessment of Major Projects (Rescheduled! Thursday, August 22 at 2:30PM CT)

Gulf Coast Re-Exports of Canadian Heavy Oil Rebound in June

Based on data from the U.S. Census Bureau, re-exports of Canadian heavy crude oil from the Gulf Coast in June 2024 averaged 166 Mb/d (height of the rightmost stacked columns in chart below), a solid rebound from 98 Mb/d in May, and 80 Mb/d below the year ago level.

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