Post Tagged with: "takeaway"

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Three Supertankers Depart Louisiana’s LOOP Deepwater Port Carrying U.S. Crude Oil Abroad

Three Supertankers Depart Louisiana’s LOOP Deepwater Port Carrying U.S. Crude Oil Abroad

Takeaway: 3 full supertankers can take away about six million barrels of U.S. crude oil production
On Monday the U.S.’s first and only deepwater crude oil port announced that it had loaded U.S. crude oil into three supertankers in just

Magellan Midstream’s West Texas Refined Petroleum Products Pipeline System Continues Expansion

Magellan Midstream’s West Texas Refined Petroleum Products Pipeline System Continues Expansion

Magellan Midstream Partners, L.P. (NYSE: MMP) announced an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 …

July 30, 2018 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Midstream
Noble Energy Adds to Delaware Basin Takeaway

Noble Energy Adds to Delaware Basin Takeaway

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’s crude oil reaching the Gulf Coast.  The …

Photo by Mike Goldwater"

Small U.S. Oil Producers Face Output Squeeze as Pipelines Fill

From Reuters

As pipelines out of the largest U.S. oil field reach capacity in the coming months, further depressing West Texas crude prices, smaller producers will have to slow or shut-in production, according to oil executives.

Soaring production in U.S. …

Apache CEO Christmann: Coping with Bottlenecks and Pricing Differentials in the Permian

Apache CEO Christmann: Coping with Bottlenecks and Pricing Differentials in the Permian

We are starting to layer in projects … to move our various products to the markets: Christmann

Pipeline bottlenecks have begun to plague producers in the U.S.’s top producing oil basin. For one thing the price they can get for …

Lilis Adds Crude Gathering Capacity

Lilis Adds Crude Gathering Capacity

Permian E&P Lilis Energy, Inc. (ticker: LLEX) has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC. Salt Creek’s system will be constructed, managed and operated by ARM Midstream Management, LLC. Construction of the project is expected …

CEOs Talk About Solving DJ Takeaway Problems that Plague Northern Colorado’s Producers

CEOs Talk About Solving DJ Takeaway Problems that Plague Northern Colorado’s Producers

Companies in the Wattenberg can’t accurately evaluate the performance of wells that are continuously choked back or temporarily shut in due to lack of pipeline capacity

Producers forced to constrain production 

During their recent Q1 earnings calls, Bart Brookman, president …

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Inadequate pipeline capacity to U.S. and no pipelines to move oil to tidewater ports forces Canadian oil to sell at a big discount

Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …

Quantifying the Effects of Canada’s Takeaway Trouble

Quantifying the Effects of Canada’s Takeaway Trouble

Canada’s PSAC Cuts Canadian Drilling Activity Forecast for 2018

Without adequate pipeline capacity or forthcoming export projects for Canada’s crude oil and natural gas, there is a tough energy economy in Canada that is going to be taking an economic …

Grieve CO2 EOR Project

Elk Petroleum’s Grieve CO2 Project Starts Production

Elk Petroleum Limited (ticker: ELK) has commenced production on its Grieve CO2 EOR Project. The company said it expects initial gross oil production of 1,100-1,200 BOPD.

CEO Brad Lingo commented, “I’m exceedingly pleased to announce the start-up of oil production …

Photo by Mike Goldwater"

Add Salt Creek Midstream to the Delaware Basin

Ares Management, L.P. (ticker ARES) and ARM Energy Holdings, LLC have partnered up to develop Salt Creek Midstream, LLC in the Delaware Basin.

The company is owned by funds managed by the Ares Private Equity Group and ARM Energy. ARM …

More Takeaway for the DJ Basin

More Takeaway for the DJ Basin

Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System

April 12, 2018 - 5:00 am Closing Bell Story‎, Midstream, Press Releases
Source: Brazos Midstream

Brazos Midstream Holdings Sold for $1.75 Billion

Fort Worth-based Brazos Midstream Holdings, LLC and its financial sponsor, Old Ironsides Energy, have entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II (NHIP II) and related funds for approximately $1.75 …

Unit Corp Accelerates Drilling Program with $300 Million Sale

Unit Corp Accelerates Drilling Program with $300 Million Sale

Divesting 50% Interest in Superior Pipeline

Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, …

Courtesy of PetroShale

Alta Mesa Resources Expects $725-$800 Million 2018 CapEx

Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates.

2018 CapEx

Alta Mesa’s total capital expenditures for 2018 are expected …

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss …

Lilis Energy’s Permian Takeaway Starts Operations, Production Now Beyond 5,000 BOEPD

Lilis Energy’s Permian Takeaway Starts Operations, Production Now Beyond 5,000 BOEPD

Thanks to new takeaway capacity, company looks at additional growth in 2018

Permian E&P Lilis Energy, Inc. (ticker: LLEX) said its third-party operated midstream system has commenced operations. The company also said that its current production is exceeding 5,000 BOEPD …

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

FERC is out of gas without a quorum

For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get …