LNG? Meet CCS

LNG? Meet CCS

The Administration has earmarked $175 billion of a $2 trillion proposal to advance development of electric vehicle infrastructure. Meanwhile, in the private sector, energy companies are introducing more and more affordable concepts to reduce emissions in fossil fuel operations—especially carbon capture and sequestration (CCS) technologies, which they’re also spinning off into brand new businesses. Reese Energy Consulting today is studying the latest news in CCS and its integration into LNG production. Qatar, the world’s #1 LNG producer announced earlier this year plans to build so many CCS facilities for its operations this tiny country may have to artificially increase its size. A group of La., lawmakers this month introduced the nation’s first comprehensive package that would make the state a national hub for CCS and support the planned G2 Net-Zero LNG facility on the Calcasieu Ship Channel. Now, Occidental and NextDecade have teamed to develop a humongous CCS project for NextDecade’s planned Rio Grande LNG facility in Brownsville, Texas.

What do you think? Learn more about REC and our natural gas expertise and services at www.ReeseEnergyConsulting.com.

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New Mexico Lowers Gavel on Flaring

New Mexico Lowers Gavel on Flaring

​Flaring and venting gas in N.M.’s upstream and midstream operations are a hotly debated issue among operators, activists, the new Administration, state regulators, and a divided populace. For some perspective, N.M., in 2020 collected $2.6 billion in oil and gas revenues—36% of its total revenues—to fund schools and infrastructure. Reese Energy Consulting today is following the latest news from the Land of Enchantment state, which now has finalized new rules to ban routine flaring by 2026. Methane leaks and flared gas not only are harmful to the environment, but also a source of lost revenue. REC’s natural gas expertise has prompted numerous E&Ps and midstreamers to engage us and help them navigate new policy changes to get ahead of drop-dead compliance dates. This means everything from in-depth research, strategic planning, and economic cost analysis, to identifying and vetting the best emissions-control technologies that return hefty revenues.

How can we help you? Learn more about REC and our natural gas services and operations expertise at www.ReeseEnergyConsulting.com.

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STACK One Up for Tall Oak

STACK One Up for Tall Oak

Fresh off its acquisition in January by private equity firm Tailwater Capital, Okla. City-based Tall Oak Midstream has made its first purchase in a shale play the company knows like the back of its hand—the Anadarko Basin’s STACK. Reese Energy Consulting today is following the latest news from Tall Oak, which has acquired Redcliff Midstream from Canyon Midstream for an undisclosed sum. The bolt-on deal includes 200+ miles of newly built gathering pipelines, five compressor stations across four Okla., counties, and a 240 MMCFD cryogenic gas processing plant in the Northern STACK Extension. This liquids-rich area, according to Tailwater, offers a robust inventory of economic undeveloped drilling locations with underutilized midstream infrastructure that Tall Oak continues to evaluate in a search for additional bolt-on opportunities to grow its regional presence. Tall Oak’s existing STACK assets include more than 750 miles of low- and high-pressure gathering lines across seven Okla., counties.

 

Tall Oak Midstream

Tall Oak Midstream was founded in early 2014 by a team of experienced executives with diverse and complementary backgrounds across the midstream and upstream sectors. With a firm belief in a set of core values and a dedication to creating a customer-driven company that operates with excellence as its standard and innovation as a requirement, the Tall Oak team provides oil and gas producers a full suite of midstream services custom designed to meet our customers’ specific requirements and help achieve their business objectives.

www.talloakmidstream.com

What do you think? Learn more about Reese Energy Consulting and our natural gas and midstream expertise at www.ReeseEnergyConsulting.com.

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