Lower 48-focused Kodiak Gas Services LLC, the largest privately owned natural gas contract compression company in the country, is preparing to go public with an offering that could fetch a valuation of nearly $1.7 billion. Based in Montgomery, TX, about 50 miles northeast of Houston, Kodiak is proposing to sell 16 million shares through an…
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Williams, which specializes in natural gas processing and transportation, set new highs for itself in 2021 and expects robust activity over the next two decades given mounting global demand. “There is a lot of upside right now in our business,” CEO Alan Armstrong said during a webcast meeting with analysts the company held Tuesday after…
Amid the upheaval imposed by the coronavirus pandemic, 2020 global energy consumption in the transportation sector is forecast to decrease 10% year/year, led lower by an 11% drop in oil consumption, the International Energy Agency (IEA) said Thursday. This decline is expected to account for nearly two-thirds of the total expected year/year pullback in oil…
Canadian regulators have proposed introducing a new class of tank cars to transport flammable liquids by rail, requiring shippers to begin phasing out what they consider to be the most dangerous rolling stock for crude oil in two years for a complete transition by 2025.
NuStar Crude Oil Pipeline LP is holding a binding open season through Aug. 30 for capacity to transport Eagle Ford Shale crude oil from several terminal locations on its South Texas Crude Oil Pipeline System in Frio, McMullen, and La Salle counties, TX, to its Corpus Christi, TX, North Beach facility. The proposed South Texas System Project would include pipeline capacity upgrades to the segments of the South Texas System between NuStar’s Gardendale Terminal in La Salle County and NuStar’s Corpus Christi Terminal in Nueces County, TX, and would be constructed in two phases. The first phase would add incremental capacity to the South Texas System of 35,000 b/d; the second phase would add incremental capacity to the South Texas System of 65,000 b/d. For information, contact Mark Meador or Rick Webb at (210) 918-2000.
Occidental Petroleum Corp. (Oxy) unit Centurion Pipeline LP is holding an open season through July 1 for capacity to transport crude oil from Irion, Sterling, Coke, Tom Green and Mitchell counties in West Texas to Centurion’s Colorado City, TX, station. The project targets crude oil production from the Permian Basin’s Cline Shale, which is thought by some to be “the next Eagle Ford.”
Inergy LP’s Tres Palacios 20-mile header pipeline extension is now in service, allowing shippers to transport up to 300 MMcf/d of natural gas from the tailgate of Kinder Morgan Energy Partners LP’s Houston Central gas processing plant in Colorado County, TX, to the Tres Palacios gas storage facility. The 24-inch diameter extension also enables delivery of gas from the Houston Central plant to any of the 10 interstate and intrastate pipelines interconnected with the Tres Palacios header system. “Beyond providing Eagle Ford Shale producers with significant new market options, we believe our new Houston Central interconnection will increase liquidity at the Tres Palacios hub point for marketers to access supply,” said Bruce Page, Tres Palacios vice president for commercial operations and business development. The Houston Central plant provides 700 MMcf/d of processing capacity and 22,000 b/d of fractionation capacity and is being expanded to process an additional 400-800 MMcf/d of rich gas from the Eagle Ford Shale.
Enterprise Products Partners LP is holding a binding open season from June 5 through July 11 for capacity to transport propane to Mont Belvieu, TX, on the Appalachia-to-Texas (ATEX) pipeline. The ATEX pipeline has long-term contracts in place for ethane transportation to Mont Belvieu. The addition of propane service will not impact Enterprise’s obligations to ethane shippers. To accommodate propane shipments, Enterprise would loop a portion of ATEX, add pumping capacity and install additional facilities for the delivery of specification ethane and propane at destination points. “Transporting propane to Mont Belvieu, the largest, most liquid trading and storage hub, will provide northeast producers with a reliable outlet for their excess propane and help maximize the value of their production,” said Michael Creel, CEO of Enterprise’s general partner. For information, contact Russ Kovin at (713) 381-7925, or firstname.lastname@example.org.
Crosstex NGL Pipeline LP is holding a binding open season through June 21 for capacity on a new natural gas liquids (NGL) pipeline system (the Crosstex NGL Pipeline) to transport unfractionated NGLs produced in the Permian Basin, Barnett Shale, Eagle Ford Shale and other areas from the Mont Belvieu, TX, area to NGL fractionation facilities in Acadia and Ascension Parishes, LA, for about one year and to NGL fractionation facilities in Acadia and Iberville Parishes, LA, thereafter. The pipeline is expected to have a preliminary design capacity to Acadia Parish of 77,000 b/d for the first year and is expected to reach 132,000 b/d thereafter. For information, contact Terry Brown at (214) 953-9510, or email@example.com.