David Hooker, managing director, said permitting process for LPG storage will begin, and a 3-D seismic operation will be carried out. A test well will be drilled and the salt will be cored.
As E&Ps become more efficient at finding ways to grow production, the midstream sector is getting ready to handle what comes its way when commodity prices rise by improving infrastructure.
Robust exports, along with reduced production of propane, propels hypothetical NGL barrel to highest price since early May 2015.
The system also has low-pressure gathering and transportation assets, and three storage terminals near Pecos, Crane and Midland, Texas. These terminals have in-service capacity for 150,000 barrels of oil.
Successful first year of operations proves the commercial viability of Siluria Technologies' oxidative coupling of methane-to-ethylene technology.
The proposal is expected to require new and modified oil and gas processing and transmission facilities to find and repair methane leaks, capture natural gas from fracked oil wells and limit emissions from equipment.
Ethane, the lightest hydrocarbon in the NGL complex, is primarily used to make petrochemicals. It has been rejected at an unprecedented rate since 2013, executives said, as a supply overhang severely weakened its value.
Toyah I gas processing facility takes advantage of basin’s core area, trend of sales to Mexico.
Commodity prices are well off 2014 levels but a new floor may be forming.
TransCanada reported lower earnings on its liquids pipelines, however, in part because of lower uncontracted volumes on its Keystone crude pipeline to the U.S. and Marketlink line from Cushing, Okla., to the Gulf Coast.
The Stanford Board of Trustees said on April 25 it was not clear that the social injury caused by oil and gas companies outweighs the social benefit of providing energy to billions of people around the world.
The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.