Plains All American Pipeline LPandEnterprise Products Partners LPare expanding their Eagle Ford Joint Venture (JV) crude oil pipeline to 470,000 b/d of light and medium crude grades to accommodate additional volumes expected from Plains’ Cactus pipeline, which is under construction. The expansion is expected to cost $120 million and be in service in the second quarter of 2015. The Eagle Ford system, most of which is in service and expected to be completed by Sept. 30, serves the Three Rivers and Corpus Christi refineries and other markets via marine transport facilities at Corpus Christi. The Cactus Pipeline is being constructed by Plains from McCamey, TX, in the Permian Basin area to Gardendale (seeShale Daily,April 16). It will have an initial capacity of 200,000 b/d and is expected to be in service in the second quarter of 2015.
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Articles from American
Global Tight Oil Resources Could Eclipse North America
North America has a remarkable amount of potential tight oil resources, but they may pale in comparison to those estimated worldwide, according to a study by IHS Inc.
Lots of Conventional Reserves Still to be Tapped, Says Wood Mackenzie
Nearly 1.4 trillion boe of reserves exist in conventional, undeveloped oil and natural gas fields around the world, including almost 1.1 trillion boe of technical reserves, those without firm development plans in place, according to Wood Mackenzie.
For U.S. LNG Exports, Reality May Bite
Both the overall number of liquefied natural gas (LNG) export projects that ultimately are built and the total volumes of LNG exported may be significantly less than once projected for the United States, experts said Tuesday at the LDC Gas Forum Mid-Continent in Chicago.
World Ethylene Demand Growing; North America in Catbird Seat
North America’s copious natural gas resources have led to a “competitive resurgence” driving low-cost ethylene production, but the growth has created challenges in the Middle East, where operators are facing the “opposite and unfamiliar challenge of ethane supply limitations,” according to IHS Chemical.
Encana Reverses Losses, Plans Revamped Onshore Strategy
With solid second quarter results in the books, Encana Corp. is taking a look at its entire North American portfolio and has begun putting a “new emphasis on our portfolio of emerging liquids plays,” newly installed CEO Doug Suttles told investors last week.
Encana’s Duvernay, TMS Results Encouraging, Says New CEO
With solid second quarter results in the books, Encana Corp. is taking a look at its entire North American portfolio and has begun putting a “new emphasis on our portfolio of emerging liquids plays,” CEO Doug Suttles told investors on Wednesday.
Analysts Watch E&P 2Qs for Clues to Basin Potentials, Prices
North American exploration and production (E&P) companies will, over the next few weeks, unveil their earnings and operations results for the second quarter, but analysts aren’t expecting any big upside surprises. Instead, they hope for details on Marcellus Shale pricing, emerging sweet spots in the Utica Shale and details about wells in several big onshore basins.
LNG Approval Delays Costing Billions, Think Tank Says
Pro-business Washington, DC, think tank American Council for Capital Formation (ACCF) has a new paper extolling the benefits of exporting liquefied natural gas (LNG) that it hopes will light a fire under the U.S. Department of Energy (DOE) and its export approval process.
E&P NatGas Market Insight Expected in 2Qs
North American exploration and production (E&P) companies will begin to unveil their second quarter results over the coming weeks, and while there aren’t expected to be any big surprises, analysts are hoping for details on natural gas market fundamentals — particularly in the Marcellus Shale — along with insight into emerging plays and more information on ethane rejection in natural gas liquids (NGL) plays.
