Welcome, 2022

Welcome, 2022

To our friends and colleagues, may you enjoy a prosperous New Year filled with blessings and good health. We thank our long-time clients for the privilege to earn their trust and welcome the following new clients who’ve made 2021 one of our very best years.

Arnold Oil
BIS
Blue Bison Analytics
Clean Connect
Emerging Fuel Technology
Grayhawk Land Solutions
Interstate Explorations
Phoenix Petrocorp
Tres Management
Wilkes Brothers

From all of us at Reese Energy Consulting, here’s to 2022.

U.S. Midstream on a Project High

U.S. Midstream on a Project High

The U.S. takes first prize when it comes to the number of North American midstream projects expected to start operations between 2021 and 2025—this according to GlobalData. With 169 new builds and expansions in the works or soon to be, the nation captures the lion’s share at 69% of added oil and gas infrastructure. Reese Energy Consulting today is following the latest news from GlobalData, which studies all this for a living and has now released its North American midstream outlook report that segments projects by pipelines, storage, and gas processing. Not surprisingly, oil and LNG exports as well as our own hefty consumption lead the charge here as demand continues to rise post-pandemic. Of the 169 projects tallied, 73 or 43% of the total fall in the trunk/transmission pipelines category, grabbing the title “Highest Number in the Whole Dang Region”. Liquids storage follows with 56 projects and gas processing with 53. Our friends in Canada and Mexico couldn’t be reached for comment.

What do you think? Learn more about Reese Energy Consulting and our range of oil, gas, and LNG services at www.ReeseEnergyConsulting.com.

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London Calling

London Calling

It’s been no Christmas Vacation this month for Europe as the continent struggles with its worst energy crisis in decades. There’s a myriad of reasons for this on both a smaller and grander scale, but that doesn’t mean a heckuva whole lot if having to decide which room to heat due to natural gas and electricity prices up fivefold this year. But relief looks soon to be in sight. Reese Energy Consulting today is following the latest news on efforts to send more U.S. LNG to European ports before the New Year’s winter assault. Within a 24-hour period last Wednesday-Thursday, the number of U.S. LNG tankers enroute to Europe jumped from 10 to 15 with destinations to the U.K (4), France (4), Spain (4), the Netherlands (1), Gibraltar (1), and Malta (1). Another 11 U.S. cargos are thought to be destined for Europe as well as tankers from other regions. And just like that, news of the LNG armada sent gas and electricity prices tumbling off record highs. At least for now as European governments intervene to help millions of cash-strapped households balance vital needs with their country’s renewable initiatives, inflation, and pandemic restrictions.

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

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