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: https://www.desmogblog.com/2021/02/04/trillion-oil-gas-pipelines-dakota-access-stranded-assets
... That excessive building is already creating financial difficulties, East Daley Capital Advisors reported this year. Those difficulties aren't primarily from the sprawling network of small “gathering” pipelines that connect individual oil and gas wells to the large interstate pipes that form the backbone of the oil and gas transportation network, RBN Energy analyst Housley Carr said as he summarized a January 2021 East Daley report, instead “it’s volume and rate declines on large-diameter, long-haul crude oil and natural gas pipelines owned by midstream giants that present the main challenge to sustainable cash flow health in aggregate.”…
