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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Sooner Than Later

Sooner Than Later

Marathon Oil’s ties to Okla., date back more than 100 years when in 1915 the oil giant drilled its first well here near the town of Cushing. Since then, the Anadarko Basin has been good to Marathon, most recently yielding 53 MBPD in Q1 production from the SCOOP/STACK. As a comparison, 2020 crude production from the two plays hit a total 488 MBPD. While Marathon’s activity here took a decidedly backseat last year to the company’s larger shale operations in the Bakken, Eagle Ford, and Delaware Permian, Marathon says it’s headed back to the Sooner State with a new drilling program focused on natural gas and NGLs. Reese Energy Consulting today is following the latest news from Houston-based Marathon—the fourth-largest operator in the SCOOP/STACK with 300,000 net acres—which looks to drill five but uncompleted wells in the second half to take advantage of favorable gas pricing. More Anadarko activity is planned in 2022. Marathon has earmarked 10% of its $1 billion CAPEX budget for Okla., operations.

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

Marathon Oil

Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. The company is ranked 534th on the Fortune 500 and 1900th on the Forbes Global 2000.

www.marathonoil.com

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STACK One Up for Tall Oak

STACK One Up for Tall Oak

Fresh off its acquisition in January by private equity firm Tailwater Capital, Okla. City-based Tall Oak Midstream has made its first purchase in a shale play the company knows like the back of its hand—the Anadarko Basin’s STACK. Reese Energy Consulting today is following the latest news from Tall Oak, which has acquired Redcliff Midstream from Canyon Midstream for an undisclosed sum. The bolt-on deal includes 200+ miles of newly built gathering pipelines, five compressor stations across four Okla., counties, and a 240 MMCFD cryogenic gas processing plant in the Northern STACK Extension. This liquids-rich area, according to Tailwater, offers a robust inventory of economic undeveloped drilling locations with underutilized midstream infrastructure that Tall Oak continues to evaluate in a search for additional bolt-on opportunities to grow its regional presence. Tall Oak’s existing STACK assets include more than 750 miles of low- and high-pressure gathering lines across seven Okla., counties.

 

Tall Oak Midstream

Tall Oak Midstream was founded in early 2014 by a team of experienced executives with diverse and complementary backgrounds across the midstream and upstream sectors. With a firm belief in a set of core values and a dedication to creating a customer-driven company that operates with excellence as its standard and innovation as a requirement, the Tall Oak team provides oil and gas producers a full suite of midstream services custom designed to meet our customers’ specific requirements and help achieve their business objectives.

www.talloakmidstream.com

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

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