Deepwater Connections

Deepwater Connections

Tulsa-based Williams will expand its natural gas gathering and processing systems serving the Gulf of Mexico. Reese Energy Consulting today is following the latest news from Williams, which has inked an export agreement with Houston-based Beacon Energy. The company will provide gathering and transmission services to Beacon’s Shenandoah development, about 160 miles off the coast of La. The agreement will include construction of a five-mile offshore lateral pipeline to extend from the Shenandoah platform through the Discovery infrastructure, which Williams co-owns with DCP Midstream. Discovery will transport, process, fractionate, and market the gas. Williams operates extensive and interconnected offshore and onshore infrastructure serving oil and gas production in the Gulf, including 2,800+ miles of oil and gas gathering and transmission pipe and two processing plants. The company also has ownership of two floating production platforms and multiple fixed leg utility platforms. Services from the new expansion are slated forr late 2024.

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

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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And the Deals Keep Comin’

And the Deals Keep Comin’

Getting hard to keep up. Six months after closing on the $1.6 billion acquisition of Texas-based Montage Resources, Houston’s Southwestern Energy (SWN) has snapped up something even bigger to further surf the Gulf Coast LNG wave. Reese Energy Consulting today is following the latest news from SWN which—following the Montage merger last December—was crowned the nation’s third-largest natural gas producer with a combined production of 3 BCFD, and all of it from the Marcellus and Utica. SWN has operated exclusively in the Appalachian region since the mid-2000s after selling its first-born E&P and midstream assets in the Ark., Fayetteville for $1.8+ billion. Now, Southwestern Energy will venture outside its eastern home base with the $2.7 billion purchase of Indigo Natural Resources and its sizeable gas prizes in northern La., bound for premium Gulf Coast markets. The deal includes 280,000 net acres in the Haynesville and Bossier shale plays and adds 1.1 BCFD of natural gas production to the company’s portfolio for a total 4+ BCFD.

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

Southwestern Energy

Southwestern Energy is a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. The company is ranked 776th on the Fortune 500. The company’s primary exploration and production activities are in the Appalachian Basin in Pennsylvania and West Virginia.

www.swn.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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