Crude oil can continue to flow on the Dakota Access pipeline (DAPL) after the U.S. Court of Appeals for the D.C. Circuit issued an administrative stay of a lower court’s July 6 order vacating the pipeline’s water-crossing permits. The purpose of the stay, according to the appeals court, “is to give the court sufficient opportunity…
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Dallas-based midstream services provider Lucid Energy Group has secured an equity commitment for up to $250 million from Magnetar Capital to support Lucid’s proposed natural gas gathering and processing system in the Delaware Basin, a sub-basin of the Permian. “This important transaction, combined with the existing support of EnCap Flatrock Midstream, allows us to continue to aggressively expand our Delaware Basin franchise and offer large-scale, best-in-class service to producers in the region,” said Lucid CEO Mike Latchem. Lucid provides midstream services to producers in the Permian’s Midland and Delaware basins and is the largest privately held natural gas processor in the Permian with more than 930 MMcf of capacity in operation or under construction, and more than 3,600 miles of operational pipeline assets. Lucid in September 2016 acquired Agave Energy Co., the owner and operator of gas gathering and processing assets in the Delaware.
Energy Transfer Partners LP (ETP) said Tuesday it was not halting construction of the $3.8 billion Dakota Access Pipeline LLC system in North Dakota, countering a statement reportedly by the Obama administration indicating that building would be voluntarily halted.
As the encampment of protesters against the Dakota Access oil pipeline construction in south-central North Dakota has swelled with people, the major energy infrastructure project has been transformed into a national lobbying effort by Native American tribes.
A recent inspection by North Dakota Chief Archaeologist Paul Picha turned up no artifacts or burial remains in a disputed part of the four-state Dakota Access oil pipeline route near a Native American reservation in the south-central part of the state.