Permian
New Pipelines, Hurricane Drive WTI Inventories Down, Prices Up
U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.
Plains All American to Remove Steel Tariff Surcharge on Cactus II
Plains All American Pipeline filed with U.S. regulators on Monday to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.
Tellurian Files for FERC Review of Permian Global Access Pipeline
Tellurian has asked the Federal Energy Regulatory Commission (FERC) to initiate a review of its proposed Permian Global Access Pipeline following an oversubscribed open season for the 625-mile natural gas project from West Texas to Southeast Louisiana's growing LNG export market.
Permian Basin Natural Gas Prices Rise as GCX Nears Completion
Natural gas spot prices at the Waha hub in West Texas closed at their highest price since March as the 2 Bcf/d Gulf Coast Express (GCX) pipeline is preparing to enter service, according to a Thursday update from the U.S. Energy Information Administration (EIA).
Lotus Midstream Considers Reversing West Texas to Cushing Pipeline
Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies.
Pipeline Shippers Challenge Plains' Steel Tariff Surcharge
Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
EPIC Midstream Ships First Crude on New Permian-Gulf Coast Pipeline
EPIC Midstream Holdings Inc on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices higher, traders said.
Trafigura Begins Shipping Permian Crude via Plains' Cactus II
Trafigura Trading today said it has commenced shipments of crude oil from the Permian Basin to the Corpus Christi, Texas, via the Cactus II Pipeline, marking the first confirmed shipments on Plains All American's newly operational system.
Rare Split Vote May Signal Tighter Regulation of Future Permian Flaring
The chairman of the Texas Railroad Commission cast a rare vote against a flaring permit in the Permian Basin, citing concern over the "frequency and ease" with which the state's oil and gas regulatory body has permitted crude producers to burn associated gas.
New U.S. Pipelines Poised to Start Price War for Shale Shippers
The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.
Plains' Cactus II to Start Commercial Service Next Week
Plains All-American's new Cactus II crude oil pipeline from the Permian Basin to the Gulf Coast is mechanically complete and will begin commercial service next week, CEO Willie Chiang said.
SCM Launches Binding Open Season for Delaware Basin Crude System
Salt Creek Midstream's SCM Crude subsidiary launched a binding open season today to solicit binding commitments for priority crude oil interstate gathering and transportation service on its proposed Delaware Basin gathering and transportation system.
Magellan Midstream CEO Sees New Texas Pipelines Cutting Spot Shipments After 3rd Qtr
Pipeline operator Magellan Midstream Partners LP expects new pipelines to ease a crude oil bottleneck in the Permian basin and squeeze the price differential between Midland, Texas, and Houston, cutting spot shipments on two of its Texas pipelines, Chief Executive Officer Mike Mears said on Thursday.
Tellurian Finds Strong Demand for Permian Global Access Project
An open season for Tellurian's Permian Global Access Pipeline drew strong demand from West Texas natural gas producers seeking delivery to the Lake Charles, La., area, site of the company's planned Driftwood LNG export facility.
Kinder Morgan Sues Austin Suburb over Pipeline Ordinance
Kinder Morgan has filed a lawsuit in federal court challenging an Austin suburb's "most recent attempt to hinder construction and impermissibly interfere" with its Permian Highway Pipeline (PHP) project.
Kinder Morgan Moves Closer to Construction of Third Permian Pipeline
Kinder Morgan is in discussions with customers about a third major Permian Basin natural gas pipeline, Permian Pass, which would deliver 2 Bcf/d of natural gas from Waha Hub to the Sabine area of the East Texas-Louisiana Gulf Coast.
Kinder Morgan Moves Ahead with Pipeline Connection to Houston
Kinder Morgan Inc will go ahead with a South Texas pipeline connection that would transport crude from Phillips 66's 900,000 bpd Gray Oak pipeline in the Permian Basin to delivery points at the Houston Ship Channel, the company said on Wednesday.
Enterprise Begins Service on Orla 3
Enterprise Products Partners has announced that service recently began on the third train at its Orla cryogenic natural gas processing plant in Reeves County, Texas.
Solaris Launches Expanded N.M. Produced Water Facility
Solaris Water Midstream said it has launched operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County, N.M. and started development of another facility in Lea County, N.M.
Permian to Need More Crude Takeaway Capacity After Brief Overbuild: WoodMac
Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is be needed.
Texas Court Clears Path for Kinder Morgan's Permian Highway Pipeline
A lawsuit challenging Texas' pipeline approval process was dismissed by a Travis County District Court judge, clearing the way for Kinder Morgan to continue its construction of a $2 billion natural gas pipeline from the Permian Basin to the Gulf Coast.
U.S. Shale Oil Output to Rise to Record 8.52 MMbpd in July EIA
U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
Terminal Expansions Aid Permian Basin Exports
The re-emergence of the United States as a leading power in energy markets is good news for all Americans. A secure and resilient energy sector helps all end-users here at home, from manufacturers to residential consumers.
Bayou Bridge Launches Open Season for Expanded Joint Tariff Service
Bayou Bridge Pipeline launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.
Magellan Optimistic About Cushing-to-Houston Crude Pipeline
Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said.
Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System
Plains All American Pipeline and Phillips 66 announced they will proceed with construction of the Red Oak Pipeline system in a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.
Final Investment Decision Reached for Whistler Pipeline
MPLX LP, WhiteWater Midstream backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, Inc. have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers.
U.S. Regulators Partially OK Cactus II Rate Structure
U.S. energy regulators partially approved the rate structure and terms of service for Plains All American Pipeline LP’s Cactus II crude and condensate line from the Permian Basin to the Corpus Christi, Texas, area.
Natural Gas Flaring in Permian Hits Record High in Q1
Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions.
Water Solutions Company Paying Big for West Texas Ranch
A water solutions company out of Forth Worth, TX is ready to spend $450 million for water underneath a West Texas ranch.
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