Post Tagged with: "condensate"

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

Former EnLink Midstream CEO Reassumes His Role

By Tyler Losier, Energy Reporter, Oil & Gas 360 Chairman Barry E. Davis will once again serve as the CEO of EnLink Midstream EnLink Midstream LLC (stock ticker: ENLC) will be reappointing its current executive chairman, Barry E. Davis, as chief executive officer, effective August 8. Previously, Davis, who will be retaining his position on the board, served as EnLink’s CEO from its founding in 2014 until 2018. He will be replacing Michael J. Garberding, who is leaving the company to pursue other opportunities. Source: EnLink Midstream “I am very excited to return to lead EnLink during this defining time for our company and industry,” Davis said. “I would like to express my gratitude to Mike who has been my close partner … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Keyera Will Build Montney, Duvernay Condensate NGLs Pipeline

Keyera Will Build Montney, Duvernay Condensate NGLs Pipeline

Keyera Approves KAPS – A Montney Condensate & NGL Pipeline System

Williams, Brazos Midstream Form Delaware Basin JV

Williams, Brazos Midstream Form Delaware Basin JV

Williams Companies Inc. (stock ticker: WMB) will enter into a joint venture in the Delaware Basin with privately-held Texas-based midstream services company Brazos Midstream. Brazos Midstream will have an 85% majority position in the joint venture. Its current assets include: Approximately 725 miles of pipeline for natural gas gathering Approximately 75 miles of pipeline for crude oil gathering Combined capacity of 75,000 BBLS between 2 crude oil storage terminals, shown on the map below Brazos has approximately 260 MMCF/D of natural gas processing capacity. 200 MMCF/D comes from it Comanche II cryogenic processing plant, and 60 MMCF/D comes from its Comanche I plant, also shown on the map. Total capacity will be 460 MMC… Login or click here to subscribe

November 16, 2018 - 2:54 pm Closing Bell Story, Midstream
How Crestwood Zips Crude, Condensate and Water Through the Cloud

How Crestwood Zips Crude, Condensate and Water Through the Cloud

IoT, cloud computing, custom aps, telematics, embedded tech boost efficiency and safety for Crestwood Equity Partners “tip to tail” From CCJ Crude oil prices fell rapidly during the fourth quarter of 2014 as global output exceeded demand. The change of events led Crestwood Transportation in a new direction. Before this period, the Kansas City, Mo.-based carrier had acquired a number of small regional carriers amid surging growth. The carriers operated without a common technology platform and performance metrics, however. As lower energy prices set in, the company began to re-engineer business systems from “tip to tail” to drive greater efficiency, profitability and safety, says Jason Meares, senior manager of logistics systems. Moving upstream Today, Crestwood Transportation operates an integrated, nationwide fleet of 350 trucks that distribute natural gas liquids (NGLs), crude oil, condensate and water products for Crestwood Equity Partners LP and its customers. Crestwood Equity Partners LP, based in Houston, is[Read More…]

June 18, 2018 - 10:28 am Closing Bell Story, Energy News, Midstream
Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs. Cabot incurred a total of $757.2 million of capital expenditures in 2017, including $637.2 million of drilling and facilities capital associated with drilling 91 gross (82.5 net) wells and completing 105 gross (94.2 net) wells. Additionally, $102.3 million of leasehold acquisition capital was spent in association with the company’s leasing efforts in two new exploratory operating areas, and $17.7 million of other capital was spent, Cabot said. The company also contributed $57.0 million to its equity pipeline investments in 2017. Full year 2017 net income was $100.4 million, or $0.22 per share, compared to a net loss of $417.1 million, or $(0.91) per share, in 2016. Fourth quarter 2017 net loss was $44.4 million, or $(0.10)[Read More…]

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Appoints Chief Financial Officer

Blackbird Energy Inc. (ticker: BBI) has appointed Karen Minton as its CFO effective immediately, the company announced yesterday. In a press release Blackbird outlined Minton’s almost two decades of experience in senior financial roles in oil and gas and alternative energy. Prior to her appointment as Blackbird CFO, Minton was CFO at Lighthouse Oil & Gas. Previously she was corporate controller of Equal Energy Ltd. and VP finance and CFO of Dynetek Industries Ltd. Minton obtained her Chartered Accountant designation in 1993 and holds a Bachelor of Commerce degree from the University of Calgary. “I am delighted to have Karen join the Blackbird team … to oversee critical steps in Blackbird’s growth, including finalizing significant gas handling agreements and securing non-dilutive funding as the company transitions to full development,” Blackbird CEO Garth Braun said in a statement. In connection with her appointment, Minton has been granted 1,000,000 stock options exercisable at[Read More…]