About That Whole Gas Thang

About That Whole Gas Thang

​With all the talk about renewables—and we cover them a lot—natural gas is still the most reliable, plentiful, affordable fuel to achieve a low-carbon future. You need a bridge to get from here to there, and that’s where gas plays its part. Despite its detractors, natural gas will continue playing a global role to heat, cool, cook, and power for the next 3-4 decades. Gas production so far this year has outpaced crude oil post-pandemic and is expected to hit a record 93.3 BCFD by 2022. We produce more of the stuff than any country on earth. We now are set to displace Qatar years earlier than predicted as the world’s largest producer and exporter of LNG, with more than half of 10.5 BCFD of March supplies shipped to Asia—which remains on a slower path to sunset coal as a primary heat and power source. As an aside, the U.S. has transitioned 100+ power plants from coal to natural gas in just the last 10 years; we now have 1,800+. Energy giant bp now has announced a $1.3 billion infrastructure project to capture and collect natural gas to eliminate its Permian flaring by 2025, and no doubt sell those hydrocarbons as the energy source they are.

What do you think? Visit ReeseEnergyConsulting.com to learn more about us at www.ReeseEnergyConsulting.com.

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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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