Mission Accomplished for Outrigger

Mission Accomplished for Outrigger

Booya!

Denver-based Outrigger Energy is the latest champ to complete a midstream project in N.D., on time, under budget, and despite COVID-19. Reese Energy Consulting today is following the latest news from Outrigger, which has finished construction of a new natural gas system in the Williston Basin. The project follows the company’s entry into the Williston last January when it signed a long-term gathering and processing agreement with XTO. Eight months after breaking dirt, Outrigger has finished construction of 80 miles of gas gathering pipe extending from Williams County to the new 250 MMCF Bill Sanderson Gas Processing Plant. Downstream pipe connections include the Northern Border Pipeline for residue gas and ONEOK’s NGLs system. Outrigger says plans also are underway for expansion of the processing facility that will offer 450 MMCFD of total gas capacity. Congratulations to the men and women who braved N.D.’s bone-chilling temps to bring this task to fruition. We’ll never complain about Okla.’s summer heat again.

Learn more about REC at www.ReeseEnergyConsulting.com.

Outrigger Energy

Outrigger Energy II LLC is a private, full service midstream energy company specializing in greenfield project development with current systems operating and under construction in the DJ and Williston Basins.  The company was formed in 2017 after Outrigger Energy LLC sold its assets to Targa Resources and Tallgrass Energy Partners.

www.outriggerenergy.com

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All Fired Up

All Fired Up

Mike Hopkins has powerful plans for N.D. The CEO of Bakken Midstream Natural Gas in Bismark is an accomplished entrepreneur, attorney, and business executive whose numerous successes read like a Who’s Who of industry captains. After developing 54 natural gas-fired power plants around the world, Hopkins now looks to apply his ingenuity in the Williston Basin—and he has $25 million to do it. Reese Energy Consulting today is following the latest news from Bakken Midstream, which has signed its first ethane supply term sheet to support a large-scale baseload power plant. Three years in planning, the proposed Williston Basin Energy Center will be the largest electrical plant of its kind to leverage advanced combustion turbine technology that uses ethane as the primary fuel. The company also plans to develop other “value-added” natural gas infrastructure projects in N.D., that harness the state’s plentiful gas resources, including power generation and pipelines.

Bakken Midstream

Bakken Midstream believes that the State has the potential to become a world-class leader in value-added natural gas related products. North Dakota has tremendous natural gas resources. What’s lacking is natural gas infrastructure, in particular infrastructure for value-added products. The mission of Bakken Midstream is to develop and own that infrastructure.

bakkenmidstream.com

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

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Outrigger Out to Conquer The West

Outrigger Out to Conquer The West

Wasn’t quite four years ago Outrigger Energy said adios to its West Texas operations with the $1.5 billion sale of its Permian midstream assets to Targa Resources. But the company hardly looked to sever ties with The West. Denver-based Outrigger had already built a sizeable crude oil gathering system in the Powder River Basin. So, flush with cash and private equity capital, Outrigger said hello darlin’ to the DJ, where it constructed a midstream system in Weld Co., Colo., that includes natural gas, crude oil, and produced water gathering pipelines. The company also purchased a 60 MMCFD cryogenic processing plant that went into service last year. Next up, how’s it goin’ Williston? With a sweet midstream commitment from XTO, Outrigger announced in January plans to build a 70-mile rich gas gathering system and a 200 MMCFD processing facility. Even today, some pipe dreams come true. Outrigger now has received the official regulatory nod from N.D., to continue construction on the plant and two pipelines that will flow residue gas and NGLs from the plant to major pipeline interconnects.

Outrigger Energy

Outrigger Energy II LLC is a private, full service midstream energy company specializing in greenfield project development with current systems operating and under construction in the DJ and Williston Basins.  The company was formed in 2017 after Outrigger Energy LLC sold its assets to Targa Resources and Tallgrass Energy Partners.

www.outriggerenergy.com

What do you think?

Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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The New Pipeline Landscape vs the Law of Diminishing Returns

The New Pipeline Landscape vs the Law of Diminishing Returns

The nation’s pipeline projects this year have met with volcanic reactions that canceled three majors in the Eastern Atlantic, stalled several others, and turned upside down at least three already in service. These are the facts at hand, which now bring even greater challenges to natural gas and power utilities in need of more fuel to meet consumer demand; refineries that require feedstock; petrochemical facilities that depend on supplies to produce raw materials used globally; and U.S. producers who transport oil and gas to end markets. If the current pipeline landscape subsists, the aftereffects are predicted to bring seriously diminishing returns in an era of carbon-neutral goals.

Rystad Energy

Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Their products and services cover energy fundamentals and the global and regional upstream, oilfield services and renewable energy industries, tailored to analysts, managers and executives alike. 

www.rystadenergy.com

The nation’s pipeline projects this year have met with volcanic reactions that canceled three majors in the Eastern Atlantic, stalled several others, and turned upside down at least three already in service. These are the facts at hand, which now bring even greater challenges to natural gas and power utilities in need of more fuel to meet consumer demand; refineries that require feedstock; petrochemical facilities that depend on supplies to produce raw materials used globally; and U.S. producers who transport oil and gas to end markets. If the current pipeline landscape subsists, the aftereffects are predicted to bring seriously diminishing returns in an era of carbon-neutral goals.

According to Rystad Energy, if the Dakota Access Pipeline (DAPL) is shut down in August following a July court mandate to halt operations and empty its line of Bakken crude oil, an initial 300,000 BPD will have to be transported by rail. The DAPL is the largest outbound Bakken pipeline, which means other pipelines and refineries will need to absorb at least 900,000 BPD. And as far as those “other” pipelines, the DAPL ruling came on the heels of a court-ordered closure earlier in July of the Bakken’s Tesoro High Plains Pipeline that’s been in operation for 67 years. As curtailed volumes in the Bakken are expected to come back online later this year, Rystad foresees significant bottlenecks ahead with the lack of primary exit routes. This suggests more rail, more trucks, more flaring, and more emissions. Again, diminishing returns.

Rystad also predicts gas output from the Permian will rebound during the second half of this year and is expected to return to record levels by late 2021. That’s the good news. The bad news is that regulatory obstacles and belt-tightening have delayed or put on hold several pipelines to feed supplies to the East Coast, Gulf Coast LNG facilities, and Mexico. With the need for new gas takeaway projects from the Permian beginning in 2023, Rystad estimates another period of increased gas flaring citing it’s highly possible that any new pipelines will be approved too late, resulting again in a situation with insufficient infrastructure.

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