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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Enable Gets a Green Light

Enable Gets a Green Light

Looks like it’s all systems go for construction on the proposed 135-mile Gulf Run Pipeline. Reese Energy Consulting today is following the latest news from Okla. City-based Enable Midstream, which has received a final FERC blessing on the $540 million natural gas project. Gulf Run will extend from northern La., to the Gulf Coast and run perpendicular to Enable’s 172-mile Line CP that currently moves gas supplies west to east. Modifications to the Line CP system will allow for bi-directional flow and delivery to Gulf Run. With a capacity of 1.7 BCFD, the new pipeline will enable access to gas supplies in the Mid-Continent, Haynesville, Marcellus, and Utica shales, and is backed by a 20-year commitment for 1.1 BCFD from anchor shipper Golden Pass LNG. Completion is slated for late 2022. Meanwhile, expansion of the Golden Pass terminal at Sabine Pass, Texas, is at full throttle with a finish line expected in 2024.

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

Enable Midstream Partners

Enable Midstream owns, operates and develops strategically located energy infrastructure assets that serve as a critical link between major producing basins and downstream markets.

www.enablemidstream.com

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A New Deal for Mach

A New Deal for Mach

A year after snapping up the Mid-Continent assets of now defunct Alta Mesa, Okla. City-based Mach Resources is back in the acquisition game with a shiny new prize. Reese Energy Consulting today is following the latest news from BCE-Mach III, which has signed a purchase and sale agreement with Denver-based Cimarex Energy for producing properties in Western and Southern Okla., and the Texas Panhandle. The deal also includes two gas gathering and processing systems in Southern Okla. Financial details weren’t immediately disclosed. Led by private equity firm Bayou City Energy and Mach CEO Tom Ward, BCE-Mach III in 2020 bid an initial $320 million for Alta Mesa’s producing and midstream assets in the Mid-Continent, ultimately paying a million less after crude oil prices nosedived. The company’s portfolio includes a sprawl of oil, natural gas, and water assets across 46 counties in Okla., Texas, and Kans. Ward was the cofounder of Chesapeake Energy along with the late Aubrey McClendon.

Mach Resources

Mach is an independent oil and natural gas producer focused on acquiring, exploring and developing high-return, low-cost products. Founded in January 2017, the company pursues assets with production history and development opportunity. Mach is located in Oklahoma City.

machresources.com

What do you think? Learn more about Reese Energy Consulting and our range of natural gas services at www.ReeseEnergyConsulting.com.

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