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.

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Shovel, Meet Dirt

Shovel, Meet Dirt

It’s about as rare as a unicorn these days to watch an oil and gas stock price zoom into the stratosphere, but that’s exactly what happened today in pre-market trading for Houston-based Summit Midstream. Reese Energy Consulting is following the latest news from Summit, which yesterday received a FERC thumbs up to begin construction on the Double E Pipeline and associated midstream facilities. That’s all it took to send the company’s stock soaring by a whopping 51.7% before this morning’s opening bell and settling back to a still impressive 29%. Upon completion in 4Q, the 135-mile Double E will transport 1.35 BCFD of natural gas from the Permian’s Delaware to delivery points near the Waha Hub. Summit owns a 70% operating interest in the pipeline along with ExxonMobil at 30%. The project’s most recent advancement follows a rather smooth-sailing process compared with other proposed pipelines that have either been delayed indefinitely or outright cancelled out of sheer exhaustion from endless court battles. Godspeed, Double E.

Summit Midstream

Headquartered in Houston, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a value-driven master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.

www.summitmidstream.com

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