Don’t Know What You’ve Got ‘Til It’s Gone

Don’t Know What You’ve Got ‘Til It’s Gone

Combine historic cold temps with heavy blankets of ice, sleet, and snow. Then ask a midstream operator in Okla., or Texas if they’re busy these days. Reese Energy Consulting is following the latest news as we can keep up with on the winter apocalypse that’s hanging on like an in-law who doesn’t know it’s time to go home. By now you’ve either heard, or experienced firsthand, the havoc an unprecedented Arctic storm can wreak on critical energy infrastructure. REC clients report shutting wells, freezing or frozen pipelines. and paralyzed processing plants while trying to dispatch every available natural gas molecule from storage facilities to overworked utilities. A 40+% reliance on renewable energy at power plants couldn’t pass the smell test as wind turbines froze in Texas and Okla. More than 4.2 million outages were reported across Texas this morning all the way south to Galveston coupled with rolling blackouts in both states. As a result of all this meteorological madness, Monday’s spot price of electricity in Texas shot up 10,000% from $50 to $9,000 per megawatt and natural gas prices are singing opera.

What do you think? Learn more about REC 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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Sunset Over Petra Nova

Sunset Over Petra Nova

In hindsight, the $1 billion Petra Nova project seemed like a win-win: Create the world’s largest carbon capture facility next to one of the biggest power plants in Texas operating four coal-fired and four gas-powered units. Capture more than 90% of carbon dioxide from emissions produced in just one coal-fired unit. Pipeline the captured CO2 80 miles to an oilfield and boost production from 300 BPD to 4,000 BPD. What could possibly go wrong? Unfortunately for Houston-based NRG Energy, practically everything. After little more than three years, Petra Nova has been sunsetted indefinitely. When the plant worked, according to supporters, it worked as it was designed. But soon, mechanical problems and outages left it operational only one day in three. In the first few months this year, Petra Nova was operating at little more than 45.9% of capacity. Worse, the pandemic helped tank oil prices, demand, and crude oil output. Huge financial losses quickly followed. Petra Nova now has quietly suspended operations at the W.A. Parish Generating Station and lives to see another day when economic conditions improve

NRG Energy

NRG Energy, Inc. is a large American energy company, dual-headquartered in Princeton, New Jersey and Houston, Texas. It was formerly the wholesale arm of Northern States Power Company, which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity.

www.nrg.com

What do you think?

Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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