When sale closes, Chinook will have 24.5 sections and 35 sections of Montney lands at Gold Creek and Knopcik, respectively, and will retain ownership of two horizontal Montney Gold Creek wells.
A militant group called the Niger Delta Avengers, which has told oil firms to leave the Delta before the end of May, said late on May 25 it had blown up the facility's mains electricity feed.
There is also a new 16-inch diameter pipeline running about 3.76 miles between the terminal and an interconnection near Witter Street, Pasadena, Texas.
Materials will travel through Border Express Pipeline and Borrego Pipeline on U.S. side of the border crossing, and Poliducto Frontera Pipeline and Poliducto del Norte Pipeline on Mexico’s side of the crossing.
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.
The decision prompted immediate outcry from critics, who called on Canadian Prime Minister Justin Trudeau to block the twinning of the existing pipeline, which carries oil from Alberta to a port in Metro Vancouver.
Commodity price woes have stung even the resilient Permian Basin, but superior economics in the sweetest of the play’s areas keep the midstream buildout humming.
With the the city of Fort McMurray off limits and fewer places to house workers needed to restart operations, production may be shut down for longer than companies and market analysts had anticipated.
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.
Nigerian President Muhammadu Buhari has extended a multimillion-dollar amnesty signed with militants in 2009, but upset them by ending generous pipeline protection contracts, Reuters reported.
Spill occurred at edge of national marine sanctuary and state-designated underwater preserve teeming with whales, dolphins, sea lions, about 60 species of sea birds and over 500 species of fish, Reuters reported.
Suit filed by Williams to push ETE to complete acquisition might not succeed, and might not be in Williams’ best interest if it does.