KMI’s New Pipeline Got You Excited? Here’s Some Cold Water – Kinder Morgan announced this week a non-binding open season to build a 1.7 Bcf/d greenfield pipeline from Waha hub in the Permian to Agua Dulce in the Eagle Ford. On the surface the project appears viable, however, looking deeper into the production fundamentals throws some cold water on the project……..
Ascent: A Rising Movement – Ascent Resources-Utica started operating a fourth drilling rig in Ohio during the first week of March which will help the company fill upcoming Firm Transport (FT) capacity on several projects…….
Going South – This week Trans-Pecos Pipeline requested authorization from the FERC to place Pecos Presidio Crossing Project into service…….
Trafigura Split, Now They’re Gellan – Magellan (MMP) has entered a new agreement with Trafigura for the use of MMP’s Corpus Christi Condensate splitter. This follows the startling announcement in MMP’s 4Q earnings call where they announced that Trafigura (the sole customer) had terminated its contract upon the completion of the 50 Mb/d condensate splitter…….