Tellurian Back in the Saddle. For Now.

Tellurian Back in the Saddle. For Now.

After several fits and starts that threatened to derail the proposed Driftwood LNG export terminal, Houston-based Tellurian has announced the project is back on track with a new schedule. Reese Energy Consulting today is following the latest news from Tellurian, which looks to begin construction this summer on the $16.8 billion Driftwood LNG plant located along the Calcasieu River, south of Lake Charles, La. The company is still awaiting an investment decision from India’s Petronet—the project’s largest at $2.5 billion for 5 million TPA. A quick rebound of U.S. LNG exports post-COVID no doubt has lit a fire in the belly of LNG producers with similar proposed projects on the table. However, Tellurian believes Driftwood is the closest contender to cue the hammers and saws. Phase 1 is slated to go online by 2025 to produce an initial 16.5 million TPA of LNG with additional expansions planned for a final total of five trains and 27.6 million TPA of capacity. Driftwood LNG will process as much as 4 BCFD of feed gas delivered by as many as 14 interstate pipelines.

Tellurian

Tellurian was founded in 2016 by two industry icons, Charif Souki and Martin Houston. Charif set in motion the first liquefied natural gas (LNG) exports from the United States Lower 48 and founded Cheniere Energy. Martin originated the concept of LNG destination flexibility, ensuring that LNG became a commodity.

www.tellurianinc.com

 

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

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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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In Good Company

In Good Company

Reese Energy Consulting today recognizes our newest producer and midstream clients who came on board with us in 2020. Besides the great projects we had the opportunity to tackle, they’re also a group of terrific folks—and that’s always a sweet bonus prize. Our thanks go out to:

Learn more about our own group of terrific folks and range of upstream, midstream, and downstream services at www.ReeseEnergyConsulting.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.