A winter storm last week shut in an estimated 300,000-400,000 b/d of oil production in North Dakota, and producers now must contend with bone-chilling temperatures as they attempt to restart operations, according to the state’s Department of Mineral Resources (DMR). “If you’ve been dreaming of a white Christmas, you’ve come to the right place,” DMR’s…
Articles from Plains
Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle
Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…
Plains All American to Pay $60M for 2015 California Oil Leak
Plains All American Pipeline LP and an affiliate agreed to pay $60 million in a court settlement for allegedly violating federal pipeline safety laws and liability for the 2015 pipeline leak of 2,934 bbl of crude oil that fouled Southern California beaches in Santa Barbara County.
ConocoPhillips, Encana Challenging Tariff-Related Pipeline Surcharge by Plains
ConocoPhillips Co. and Encana Marketing (USA) Inc. are challenging Plains All American’s plans to implement a surcharge on its Cactus II crude oil pipeline, a 5.0-cent/bbl fee designed to offset costs related to U.S. tariffs on steel imports.
With Need for Imported Steel, Plains Moving Forward with Surcharge Due to U.S. Tariffs
Faced with higher costs because of U.S. tariffs on imported steel needed for its pipeline buildout, Plains All American LP is moving forward with a surcharge to make up the difference as it seeks an exemption from the Department of Commerce, according to management.
Plains Looks to Expand Crude Shipping from Canada to Gulf Coast as Keystone Sputters
Affiliates of Houston-based Plains All American Pipeline LP have launched open seasons for two projects that could increase crude shipping capacity from Canada and the Rockies to the Gulf Coast. The proposals are set against the backdrop of a faltering Keystone XL buildout.
California Jury Finds Plains Guilty in 2015 Oil Spill
A jury in Santa Barbara County, CA, has found Houston-based Plains All American Pipeline LP guilty of criminal charges in a 2015 pipeline oil spill that fouled local beaches.
BridgeTex Gains Canada’s OMERS as Partner in $1.44B Deal with Plains, Magellan
BridgeTexas Pipeline Co. LLC, which is able to transport up to 400,000 b/d of crude oil from the Permian Basin to the Texas coast, on Tuesday gained a Canadian pension plan as a partner, after 50-50 owners Plains All American Pipeline LLC and Magellan Midstream Partners LP agreed to sell a half-stake for nearly $1.44 billion.
Oil, Gas Industry Frustrated by Rejections to Steel Tariff Exemptions; Permian Pipeline Affected
Officials with the American Petroleum Institute (API) said their member oil and gas companies are frustrated with the process that the Trump administration established to request exemptions to tariffs on imported steel, with several petitions — including one for a pipeline to service the booming Permian Basin — already rejected on vague grounds.
Two More West Texas Crude Projects Launch Open Seasons
Plains All American Pipeline LP (PAA) and Anadarko Petroleum Corp. each said Wednesday they will hold open seasons for projects to move West Texas crude oil, the third and fourth such announcements in less than a week.