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NGL Energy Gauging Interest in DJ Basin-to-Cushing Oil Transport Capacity on Grand Mesa Pipeline

NGL Energy Gauging Interest in DJ Basin-to-Cushing Oil Transport Capacity on Grand Mesa Pipeline

NGL Energy Partners LP on Friday launched a binding open season lasting through Aug. 9 for transport capacity on its 550-mile Grand Mesa Pipeline LLC crude oil conduit. From its starting point in Weld County, CO, Grand Mesa connects oil supply from the Denver-Julesburg Basin with the NGL Crude Cushing LLC storage terminal at Cushing,…

July 9, 2021
Williams, Crowheart JV Eyes Increased Natural Gas Production in Wyoming’s Green River Basin

Williams, Crowheart JV Eyes Increased Natural Gas Production in Wyoming’s Green River Basin

With an eye on increased development activity in Wyoming’s Wamsutter field, Williams is teaming with Denver-based Crowheart Energy in a joint venture (JV) that consolidates more than 1.2 million net acres across the tight natural gas reservoir. The tie-up combines the legacy Crowheart, BP plc and Southland Royalty Co. LLC upstream assets into one contiguous…

July 7, 2021
Natural Gas, Oil Production Up in Mexico as Pemex Capex Set to Increase

Natural Gas, Oil Production Up in Mexico as Pemex Capex Set to Increase

Natural gas production in Mexico totaled 3.84 Bcf/d in May, up from 3.61 Bcf/d in May 2020, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex) supplied 3.63 Bcf/d of the total, up from 3.37 Bcf/d in the year-ago month and 3.53 Bcf/d in the…

June 30, 2021
Latin American Oil, Natural Gas Companies Positioned to Prosper in Coming Years

Latin American Oil, Natural Gas Companies Positioned to Prosper in Coming Years

Oil and gas prices are on the up and Latin American producers should be able to reap some benefits thanks to recent cost-cutting efforts, according to a new report from Fitch Ratings. Latin American oil and gas companies have before tax full-cycle costs of approximately $34/bbl, Fitch said. This is well below most price forecasts…

June 29, 2021
Justice Department Opposes Lawsuit to Overturn Enbridge Line 3 Pipeline Approval

Justice Department Opposes Lawsuit to Overturn Enbridge Line 3 Pipeline Approval

Pipeline foes have been told by the U.S. Department of Justice that expert authorities — not protesters and politicians– still have the deciding say on projects, including a conduit to transport oil from Canada into the Lower 48. The message emerged in a recent Justice Department filing that opposes a native tribal lawsuit to overturn…

June 28, 2021
Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

A new oil futures contract is coming to the Gulf Coast. Magellan Midstream Partners L.P., Enterprise Products Partners LP and Intercontinental Exchange Inc. (ICE) said Monday they would partner to create a contract for the physical delivery of crude in the Houston area. The companies said the Midland WTI American Gulf Coast contract (ICE: HOU)…

June 21, 2021
GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure

GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure

Natural gas and oil opportunities in the deepwater Gulf of Mexico (GOM) look to be expanding, with Tulsa-based Williams preparing to take advantage. The midstream giant, which already has substantial GOM infrastructure, recently clinched an agreement to gather and transport natural gas from the Shenandoah development underway in the deepwater. The agreement is with Beacon…

June 18, 2021
U.S. OFS Jobs Seen ‘Fairly Flat’ as E&Ps Shift from Production Growth

U.S. OFS Jobs Seen ‘Fairly Flat’ as E&Ps Shift from Production Growth

Employment in the U.S. oilfield services (OFS) sector ticked up in May as growth in support roles and equipment fabrication offset declines in extraction, pipeline construction and manufacturing, according to estimates by the Energy Workforce & Technology Council. The sector grew by 1.6% in May, racking up an additional 9,707 jobs over April, according to…

June 18, 2021
Pony Express Testing Support for Wyoming-to-Colorado Oil Pipe Expansion

Pony Express Testing Support for Wyoming-to-Colorado Oil Pipe Expansion

Tallgrass Pony Express Pipeline LLC has launched a binding open season to gauge interest from crude oil shippers in securing expansion capacity on a section of the 830-mile pipeline. Pony Express has a capacity of roughly 400,000 b/d, and sources crude from the Williston, Denver Julesburg and Powder River basins. The system stretches from Guernsey,…

June 18, 2021
Federal Judge Temporarily Halts New Oil Leases as Sage Grouse Battle Festers in Wyoming, Montana

Federal Judge Temporarily Halts New Oil Leases as Sage Grouse Battle Festers in Wyoming, Montana

Federal authorities must apply more scrutiny to potential impacts on greater sage grouse across hundreds of oil and natural gas leases in Wyoming and Montana before authorizing new drilling, a federal judge in Idaho has ruled. Magistrate Judge Ronald Bush ruled that the Interior Department’s Bureau of Land Management (BLM), under former President Trump, failed…

June 14, 2021
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