Frac Spread: Strong Demand, Exports Buoy Ethane

Frac Spread: Strong Demand, Exports Buoy Ethane

Will Gulf Coast infrastructure be ready when new supply gushes in? We’ll see.

Joseph Markman, Hart Energy

Diamondback Energy_Energen_Carrizo Oil and Gas_Exxon Mobil_BP_Hess_Talos Energy_W&T Offshore_Devon Energy_Gulf of Mexico

HEADLINES: Dealing Diamondback Does It Again

Midland-based Diamondback Energy has announced more than $10 billion in acquisitions in a week. Also, Exxon Mobil leads high bidders in U.S. Gulf of Mexico lease sale.

Jessica Morales Hart Energy

Frac Spread: With Great LPG Supply Comes Great Exportability

Frac Spread: With Great LPG Supply Comes Great Exportability

Upward trajectory of emerging markets, particularly in Southeast Asia, present opportunity for growing production in the U.S.

Joseph Markman, Hart Energy

Q&A: Today’s Midstream Issues

Q&A: Today’s Midstream Issues

Stratas Advisors answers questions about potential midstream developments in Canada and the U.S.

Stratas Advisors

Frac Spread: It’s Ethane’s World; We Just Live In It

Frac Spread: It’s Ethane’s World; We Just Live In It

NGL prices slip as a whole, but trade fears are unlikely to materialize.

Joseph Markman, Hart Energy

Big Oil Switches Focus From Profits To Production

Big Oil Switches Focus From Profits To Production

‘Value over volume’ mantra has been discarded as investors seek growth in output.

Anjli Raval and David Sheppard, Financial Times

BHP_BP_Anadarko_Chesapeake_Williams_Northern Oil and Gas_Pioneer

HEADLINES: Chesapeake, BHP Weren't The Only Ones Making Big Moves

Williams, Northern Oil & Gas, Pioneer Natural Resources also made A&D news this week. And, how much more oil is Anadarko producing in the Permian?

Jessica Morales Hart Energy

Frac Spread: Prices Sunny But Can Markets Bear Ethane Outlook?

Frac Spread: Prices Sunny But Can Markets Bear Ethane Outlook?

NGL ‘barrel’ returns to a level not seen since October 2014 as ethane stumbles.

Joseph Markman, Hart Energy

Experts To US Senate: Don’t Mess With Shale Revolution

Experts To US Senate: Don’t Mess With Shale Revolution

Draining SPR in response to oil prices is not the way to go, industry observers insist.

Leslie Haines, Hart Energy

UPDATE, DUG Eagle Ford: ConocoPhillips Embraces Innovation

Corpus Christi aims to be the ‘energy port of the Americas,’ its CEO tells the conference.

Hart Energy Staff

Oil Prices Slip After Trump Criticizes OPEC

Oil prices slipped on Sept. 20 after U.S. President Donald Trump called on OPEC to “get prices down now!” ahead of a meeting of major oil exporters in Algeria this weekend.

Reuters

Report: Permian's Output To Rise At Slowest Pace Since Late 2016

Meanwhile, the number of DUCs in the Permian will rise by 211 to 3,630, the largest monthly increase since the EIA began tracking the data in September 2016.

Reuters

CVR Refining Announces Taking Bids On Cushing Tank Farm Assets

CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, on Sept. 17 announced that it intends to sell its Cushing, Okla., crude oil tank farm and currently is entertaining bids from potential purchasers.

EIA Projects US Shale Oil Production To Rise In October

Oil production is expected to rise 31,000 barrels per day in the Permian Basin of Texas and New Mexico, the EIA said in a monthly report.

Reuters

Crude Outlook: Whipsawed By Wild Cards?

Wide swings in crude price might seem alarming, but Citigroup’s Ed Morse said it’s “the nature of the world we’re living in.”

Chris Sheehan, Hart Energy

Frac Spread: Dog Days Of Natural Gas Prices

Extreme heat countered by below-average temperatures to balance gas prices.

Joseph Markman, Hart Energy

Frac Spread: What A Difference A Regional Hub Makes

Pipeline constraints are among the factors behind the blowout in the ethane price differential between Conway and Mont Belvieu.

Joseph Markman, Hart Energy

Frac Spread: Ethane’s 521% Increase Is Anything But Marginal

Promising outlook for ethane’s growth could be threatened by trade troubles with China.

Joseph Markman, Hart Energy

Frac Spread: Train Your Sights On The Price Differential

Propane is moving by rail from Appalachia because of pipeline constraints but fractionation constraints are a bigger issue.

Joseph Markman, Hart Energy

Thirst Quencher: After Dry Run, NGL Returns To Strength

As new infrastructure increases demand, liquids production has doubled so far this decade.

Frank Nieto, Contributor

Frac Spread: This Bears Watching—Bulls On The Run

Geopolitical events and increased U.S. exports are starting to put upward pressure on crude oil.

Joseph Markman, Hart Energy

Taproot Secures Acreage Dedication To Expand Midstream System In D-J Basin

The substantial acreage dedication to Taproot is a strategic bolt-on opportunity to the existing system currently under construction and supports the initial acreage dedication with Bison Oil & Gas II LLC.

Business Wire

Chevron Reveals Shared Infrastructure Plans For Stranded Australian Gas

Woodside is also accelerating plans to build a pipeline to move gas from its Scarborough development.

Dale Granger, Contributor

A&D Conference: Tellurian Plans A 4-Legged Gas Business Stool

Integrating all three sectors of the industry, as well as marketing, will position the company to be a global LNG leader, says John Howie.

Paul Hart, Midstream Editor-At-Large, Oil and Gas Investor

Headlines: EPA Takes Aim At Obama-Era Methane Rule

Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.

Environmental Group Files 2nd Complaint To Block Nord Stream 2

ClientEarth asks Swedish court to block construction of pipeline.

Reuters

EIA Projects Record High US Natural Gas Output, Demand In 2018

U.S. dry natural gas production should rise to an all-time high of 80.96 billion cubic feet per day (Bcf/d) in 2018 from 73.55 Bcf/d in 2017, according to the U.S. Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) released Sept. 11.

Reuters

Enterprise Expanding LPG Capacity At Houston Ship Channel Terminal

Enterprise Products Partners LP (NYSE: EPD) on Sept. 10 announced that construction is under way to increase loading capacity for LPG, primarily propane and butane, at the Enterprise Hydrocarbon Terminal (EHT) by 175,000 barrels per day (bbl/d), or approximately 5 million barrels (MMbbl) per month.

Business Wire

Black Bear Midstream Enters Dry Gas Contract

Black Bear Midstream announced on Sept. 10 that it entered into a contract to provide “dry” gas gathering service beginning in late 2018.

Business Wire

Transfer Is At The Top

Energy Transfer secures the top NGL producer ranking in Hart Energy’s annual survey while MarkWest Energy retains the top gas processor ranking.

Frank Nieto, Contributor

China Watchdog Says PetroChina Pipeline Runs Through Nature Reserve

China’s environmental watchdog said a section of PetroChina’s fuel pipeline passing through Hebei has encroached on a nature reserve in the northern part of the province.

Reuters

Enterprise Begins Construction Of 10th NGL Fractionator In Mont Belvieu Area

New unit will boost company’s Mont Belvieu capacity to 905,000 bbl/d.

EagleClaw Midstream Buys Caprock Midstream

Purchase adds gas gathering, processing and compression assets in Permian Basin.

Contanda Terminals To Begin Construction On New Houston Storage Terminal

Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, on Aug. 22 announced plans to construct a new, large-capacity storage terminal on its property along the Houston Ship Channel to support its strategic expansion into the petrochemical and hydrocarbon storage markets.

Exxon Mobil Starts Up New Ethane Cracker In Baytown

Facility is one of the largest in the world with capacity of 1.5 million tons per year.

Saudi Aramco Aims To Buy Controlling Stake In SABIC

Company confirms it is working on the purchase of a ‘strategic stake’ in the petrochemical maker.

Reuters

AFPM: Midstream Development Necessary To Grow Markets

Increased production of crude, gas, liquids and resins is helping the U.S. economy, but the lengthy approval process for midstream infrastructure is hindering this growth.

Frank Nieto, Contributor

Frac Spread: Ethane Stars In 30-Somethings Reboot

Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.

Joseph Markman, Hart Energy

France's Total Plans Growth Along US Gulf Coast In Petrochemicals

Christophe Gerondeau, country chairman for Total in the U.S., described the company's petrochemical plans at a ground-breaking ceremony for a new ethane cracker in Port Arthur, Texas.

Reuters

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