Don’t You Forget About Me

Don’t You Forget About Me

Alaska is having a mighty tough year, ya’ll. The state’s economy has taken a series of gut punches that has landed The Last Frontier dead last in CNBC’s America’s Top States for Business rankings. Alaska relies heavily on its vast natural resources. More than one-third of the state’s revenues are derived from oil and gas production, but those have declined by 36% since 2019 with production falling last year to its lowest level in more than 40 years. Reese Energy Consulting today is studying the latest news from Alaska, still reeling from the new Administration’s cease and desist of federal oil leases there. Then there’s the state’s proposed $38.7 billion Alaska LNG project, which includes construction of an 800-mile, 3.5 BCFD pipeline to flow natural gas from the North Slope to a new LNG export facility. Following six years of government scrutiny, the Department of Energy now has ordered a supplemental environmental review to measure the project’s methane emissions, although the project’s stakeholders say they’re still on track to break Tundra.

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

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The Heat Is On

The Heat Is On

​The race to space by billionaire entrepreneurs is big news right now, but even the richest of the rich with dreams of commercial intergalactic travel are competing for Earth’s most precious element to give those dreams liftoff. Reese Energy Consulting today is following the latest news on the ongoing shortage of helium. The U.S. produces 40% of the world’s supply found in raw natural gas deposits in Texas, Okla., Wyo., and along the Kan.-Colo., border. Helium is extremely rare and every molecule in the world is under contract. U.S. federal reserve supplies of the gas are all but gone, and what little is left will be headed to the auction block by September. At the same time, demand is stratospheric given its ubiquitous role in some of the world’s largest industries. Aside from lifting rocket ships, helium is essential to manufacture MRI magnets, microscopes, microchips, semiconductors, computer hard drives, fiber optics—the list goes on. All of which has given rise to a new wave of entrepreneurs to extract, purify, and liquefy helium to ensure you and 74 million other subscribers can continue to binge-watch Netflix, which stores its data on helium-filled drives.

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

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Howdy, Pardner

Howdy, Pardner

Tulsa pipeline giant Williams earlier this year made it crystal clear that the company was in search of “the right partner” to operate its newly acquired upstream assets in Wyo.’s Green River Basin. The strategy was equally transparent: Quickly develop those high-valued properties in the gas-rich Wamsutter Field and transition them into fee-based “customers” for Williams’ Western midstream infrastructure. Looks like they found that partner. Reese Energy Consulting today is following the latest news from Williams, which has formed a new joint venture with Denver-based Crowheart Energy. Pure player Crowheart owns 165,000 acres of leasehold across the Wamsutter where it operates more than 650 wells. Williams’ upstream assets there include two properties the company purchased from BP and Southland Royalty. The joint venture will consolidate all three operating assets into one contiguous footprint that spans 1.2+ million acres, 3,500+ operating wells, and 3,000+ potential development locations. Williams operates 3,700 miles of natural gas and NGLs pipelines in Wyo., as well as two gas processing plants.

What do you think? Learn more about REC’s natural gas services at www.ReeseEnergyConsulting.com.

The 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

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