Deepwater Connections

Deepwater Connections

Tulsa-based Williams will expand its natural gas gathering and processing systems serving the Gulf of Mexico. Reese Energy Consulting today is following the latest news from Williams, which has inked an export agreement with Houston-based Beacon Energy. The company will provide gathering and transmission services to Beacon’s Shenandoah development, about 160 miles off the coast of La. The agreement will include construction of a five-mile offshore lateral pipeline to extend from the Shenandoah platform through the Discovery infrastructure, which Williams co-owns with DCP Midstream. Discovery will transport, process, fractionate, and market the gas. Williams operates extensive and interconnected offshore and onshore infrastructure serving oil and gas production in the Gulf, including 2,800+ miles of oil and gas gathering and transmission pipe and two processing plants. The company also has ownership of two floating production platforms and multiple fixed leg utility platforms. Services from the new expansion are slated forr late 2024.

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

Williams Companies

The Williams Companies, Inc., is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.

www.williams.com

You Might Also Like…

Welcome Back, Louisiana

Welcome Back, Louisiana

​After holding its breath for nearly six months, the state of La., and its oil-and-gas-dependent economy can finally exhale. At least for now. Reese Energy Consulting today is following the jubilant news that the Administration’s “temporary pause” on drilling and awarding new oil leases on federal lands and waters will be immediately lifted nationwide. Twelve other states joined La., in the lawsuit heard by Western District Court Judge Terry Doughty. Since the moratorium went into effect—first in January on public lands and again in March on offshore lease auctions—La., has been hit particularly hard. The state last November received $120.8 million in high bids and scheduled its next auction for March. That’s when the second shoe dropped. The March leases included 14,594 blocks covering 78.2 million acres in the Gulf of Mexico. Auction revenues are used for a constellation of needs in the Gulf Coast, including hurricane protection, flood control, coastal restoration, local government funding, and jobs for state workers.

What do you think? Learn more about REC and our range of oil and gas services at www.ReeseEnergyConsulting.com.

You Might Also Like…

Shell Shock

Shell Shock

Following the landmark case brought by activist environ groups, Royal Dutch Shell appears to be in serious scramble mode. The E&P giant lost its battle in a Dutch courtroom May 26th when the presiding judge issued a hardline ruling for Shell to accelerate its C02 reduction plans and slash emissions by 2030 from 20% to 45%.  Reese Energy Consulting today is following the latest news from Shell, which now is “reviewing” (read: considering a sale of) its most coveted U.S. trophy. With 260,000 acres in the prolific Delaware, eight central production facilities, and 60 MBPD in production, Shell ranks as the largest operator in the Permian. The Permian also happens to represent the company’s core light tight oil assets valued at $10 billion, although accounts for only 6% of its total oil and gas output. Whether or not a sale lies ahead, the legal case precipitating Shell’s decision to exit could well set a precedent for a global oil and gas industry still getting back on its feet… and even the most aggressive carbon-reduction plans viewed as not good enough.

What do you think? Visit REC at www.ReeseEnergyConsulting.com to learn more about our midstream services.

Royal Dutch Shell

Royal Dutch Shell plc, commonly known as Shell, is a British-Dutch multinational oil and gas company headquartered in The Hague, Netherlands, and incorporated in the United Kingdom as a public limited company.

www.shell.com

You Might Also Like…