Enbridge Inc. and Energy Transfer are planning to develop a pipeline to carry crude oil from Western Canada and the Bakken Shale, by way of the Patoka, IL, hub to the eastern Gulf Coast in a project that would convert portions of the Trunkline Gas Co. LLC natural gas system to oil service.
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Articles from Facing
‘Trifurcation’ Emerging for Natural Gas, Oil, Liquids
Oil and natural gas prices are facing a “third variable” on plentiful natural gas liquids (NGL), which appears to be creating the next domestic supply glut, a KeyBanc Capital Markets (KBCM) analyst said last week
‘Trifurcation’ Emerging for Natural Gas, Oil, Liquids
Oil and natural gas prices are facing a “third variable” on plentiful natural gas liquids (NGL), which appears to be creating the next domestic supply glut, a KeyBanc Capital Markets (KBCM) analyst said Wednesday.
WY Gov. Offers Budget Cuts to Match Lower Resource Revenue
Facing a “flattening out” of revenue sources in the wake of a scourge of summer wildfires and continued low domestic natural gas prices, Wyoming Gov. Matt Mead on Friday submitted a supplemental 2013-14 state budget with a 6% annual reduction in the state’s general fund spending.
Bigger Gas Bill Least of Edison International’s Problems
Along with an additional $221 million in costs for mostly natural gas-fired purchased power for its utility, Rosemead, CA-based Edison International is facing a mounting set of problems, which were reflected in third quarter results. The company’s pioneering independent power unit may have to file for Chapter 11 bankruptcy and be cut adrift.
Lawyer: Industry Should Follow Basin Issues, Especially at DRBC
Oil and natural gas companies looking to drill within regulated interstate river basins need to familiarize themselves with issues facing the local river basin commission and take those issues seriously before ultimately deciding whether to drill, an industry attorney said.
Flaring-to-Fertilizer Could Be North Dakota Fix
Facing an ongoing challenge of flaring up to almost a third of its associated natural gas supplies in the oil-rich Bakken Shale, North Dakota is considering a proposal to use mobile equipment to turn some of the flared supplies into much-needed fertilizer for the state’s agricultural industry. Another proposal calls for a $1 billion farmer-owned fertilizer plant using natural gas currently being flared.
Flaring-to-Fertilizer Could Be North Dakota Fix
Facing an ongoing challenge of flaring up to almost a third of its associated natural gas supplies in the oil-rich Bakken Shale, North Dakota is considering a proposal to use mobile equipment to turn some of the flared supplies into much-needed fertilizer for the state’s agricultural industry. Another proposal calls for a $1 billion farmer-owned fertilizer plant using natural gas currently being flared.
S&P Cuts Midcontinent Express Outlook
Compressed basis differentials could squeeze cash flows at Midcontinent Express Pipeline LLC (MEP), which is facing recontracting risk in 2019, according to Standard & Poor’s Ratings Services (S&P), which lowered its outlook on MEP to “negative” from “stable.”
Pipelines to Power Generators: New Pipes Require Firm Contracts
The chief issue facing the electric industry as it seeks to coordinate with interstate natural gas pipelines is how far is it willing to go to ensure the reliability of the power grid, interstate pipeline officials said Friday.