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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KM Just Hopped a Stagecoach

KM Just Hopped a Stagecoach

Kinder Morgan is getting seriously serious about diversifying its vast midstream business. Reese Energy Consulting today is studying the latest news from the Houston-based pipeline behemoth, which now will expand its operations into the Northeast with a $1.23 billion acquisition of N.Y.-based Stagecoach Gas Services. The deal includes four storage terminals and three natural gas pipelines that service the Marcellus with a total delivery capacity of 2.9 BCFD. This adds to KM’s existing 9,500 miles of pipelines that flow 2.4 MMBPD of gasoline, jet fuel, diesel, natural gas, and NGLs across the West, Southeast, Midwest, and Canada. But there’s more. As recently as last week, we learned Kinder Morgan plans to go full-on carpe diem on its 3,000 miles of petroleum products pipelines and storage network by adding “trader” to its resume, joining Energy Transfer in the buy/sell of refined supplies. And not to be forgotten, KM in March launched a new joint venture to implement a sweeping menu of clean-energy technologies into its own operations as well as commercialize them.

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

Kinder Morgan

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals.

www.kindermorgan.com

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Kitimat, We Hardly Knew Ya

Kitimat, We Hardly Knew Ya

​From the outset of the proposed $50 billion Kitimat LNG processing plant, the Canadian project was riddled with setbacks. In a 50/50 joint venture between Chevron and Australian giant Woodside Petroleum, the partners looked to build the world’s first all-electric LNG terminal in Bish Cove, BC, pinning its hopes on growing Asian markets. That was 10 years and nearly $3 billion ago. Reese Energy Consulting today is following the latest news from Kitimat LNG, which for all intents and purposes has waved a white flag. By all accounts, the project was full of grandeur and included flowing natural gas from the Liard and Horn River basins operated by Chevron and Woodside via a new 471-mile pipeline to a four-stack processing plant powered by renewable hydroelectricity to produce 18 TPA of LNG. But a witch’s brew of global industry events, i.e., depressed gas prices, faster U.S. builds and ramp ups, and recent oversupply of LNG in world markets ultimately stole Kitimat’s final breath.

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

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