A New Carbon Connection

A New Carbon Connection

In late 2016, Texas became home to the nation’s only—and world’s largest—carbon capture project at a coal-fired power plant that emitted more CO2 than any other in the nation. This was The Big Test and hopes played high. Almost as high as the $1 billion price tag that limited retrofits to only one of four coal-fueled units. Texas-based NRG Energy tapped Japan’s Mitsubishi Heavy Industries for its promising KM CDR Process™ to be applied at a commercial scale at the company’s WA Parish power plant, later renamed Petra Nova. Long story short, while the technology performed to expectations, NRG last year was forced to mothball the facility citing low oil prices that made captured carbon for use in enhanced oil recovery operations uneconomical. Back to square one for Mitsubishi. But this time with gas. Reese Energy Consulting today is following the latest news from NextDecade and Occidental, which have inked an agreement with Mitsubishi for the design, license, and performance guarantee of its KM CDR tech at NextDecade’s planned Rio Grande LNG facility.

 

NRG Energy

NRG Energy, Inc. is a large American energy company, dual-headquartered in Princeton, New Jersey and Houston, Texas. It was formerly the wholesale arm of Northern States Power Company, which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity.

www.nrg.com

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

You Might Also Like…

Please, Sir. I Want Some More.

Please, Sir. I Want Some More.

Looks like E&P Enerplus has a sweet tooth for the Bakken with a billion-dollar investment there. Reese Energy Consulting today is following news from Calgary-based Enerplus, which this year has nearly quintupled its footprint in the Williston Basin to nearly 300,000 acres. The company in January acquired the assets of Houston-based Bruin E&P Operating for $465 million in cash that added 155,000 net acres and 459 producing wells to its then existing 66,440 acres. The latest bolt-on deal with N.Y.-based Hess Corporation for a minty $312 million includes 78,700 acres with limited exposure to federal land, 230 net undrilled locations, 6,000 BPD of production, and proved-plus-probable reserves of 62.7 MMBbls. As one of the largest operators in the Bakken with close to 800,000 acres, Hess says it’s focused on strengthening the company’s cash and financial liquidity and hadn’t planned to drill on the majority of the divested acres until 2026.

Enerplus

Enerplus Corporation is one of Canada’s largest independent oil and gas producers. The company holds oil and natural gas property interest in the United States and in western Canada, in the provinces of Alberta, British Columbia and Saskatchewan.

www.enerplus.com

​What do you think? Learn more about REC and our upstream, midstream, and downstream oil and gas services at www.ReeseEnergyConsulting.com.

You Might Also Like…

Working Their Asphalt

Working Their Asphalt

The nation’s construction industry is practically giddy by the prospect of the Administration’s proposed American Jobs Plan and the $115 billion earmarked to repair pot-holed roads and highways while building shiny new ones. But it’s one heck of a hot-diggity for our friends who produce and store asphalt. For the uninitiated, asphalt is produced from a mix of aggregates and the bitumen-rich tar sands crude that’s pipelined from our Canadian neighbors to U.S. refineries for processing. You simply can’t produce asphalt without the heavy oil. Canada currently exports 3.8 MMBPD of the stuff to the U.S. Even with the death of the Keystone XL, pipeline expansions now underway will add another 950,000 BPD of capacity to keep those pavers rolling. On the storage side, Tulsa-based Blueknight Energy is poised for a giant bump should the Plan pass. The company, which last month transitioned to a pure-play operator of asphalt terminals, operates the largest independently owned network in the U.S., with 53 terminals across 26 states and more than 8.7 MMBbls of storage capacity.

What do you think? Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

You Might Also Like…