An Enterprising Achievement

An Enterprising Achievement

Houston-based Enterprise Products wrapped up a daunting year on a note worth celebrating with service startup of a new 30,000-ton ethylene refrigerated storage tank at its Morgan’s Point, Texas export terminal. The tank offers a nameplate capacity of 1 million tons per year and will accelerate high-volume loading from the facility’s two docks at a rate up to 2.2 million pounds per hour. Ethylene supplies will be sourced from petrochem facilities along the entire Gulf Coast. Reese Energy Consulting today is following the latest news from Enterprise and its marine partner Navigator, which loaded its inaugural vessel at Morgan’s Point on December 23. The Liberia-flagged Navigator Atlas, a 21,000 cubic meter ethylene carrier, departed the terminal on Christmas Eve and is currently located near the Panama Canal. The new tank at Morgan’s Point is supported by a 600-million-pound storage cavern at Enterprise’s Mont Belvieu facility, the nation’s largest NGL market hub. Congratulations to all.

 

Enterprise Products

Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

www.enterpriseproducts.com

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A Look in the Rear View, Part I

A Look in the Rear View, Part I

With the end of 2020 mercifully in sight, Top 10 lists of the year’s most defining events in the oil and gas industry have begun to pop up depending on which news sites and publications you tend to follow. Reese Energy Consulting won’t be compiling such a list because, frankly, ours would cover at least 100+. But in retrospect, a few moments stand out as transformative for an industry that has always faced adversity. First, the April crude oil storage crisis. Following the trifecta of a pandemic, an OPEC spat, and a crash that redlined crude into negative territory, global demand for oil fell into an abyss. U.S. producers scrambled to find vacancies for their supplies amid a massive oil glut that birthed an equally massive demand to store it all. This led to the government offering storage at the Strategic Petroleum Reserve, virtually rent-free. Producers leased floating tankers and underground salt caverns, commissioned trucks and trains, and repurposed frac tanks. The panic for more storage rippled from most every prolific producing basin, leading us to make some hard and fast decisions about drilling and output. Not what we wanted but what we had to do. Time to: get creative, adjust to conditions, never take storage for granted.

What do you think? Learn more about our upstream, midstream, and downstream services at www.ReeseEnergyConsulting.com.

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Pinnacle’s Second Act

Pinnacle’s Second Act

Reese Energy Consulting today is following the latest news from Houston-based Pinnacle II, which is set to replicate its success as a savvy developer and operator of critical oil and gas infrastructure. In its first iteration as a portfolio company of private-equity firm Energy Spectrum Capital, Pinnacle constructed a Permian natural gas gathering and processing system and crude oil gathering and storage terminal, which included 100 miles of pipe, 30,000 Bbls of crude storage, and a 60 MMCFD processing facility. In short order, those assets were acquired by management and I Squared in 2017 and later by EagleClaw Midstream in 2018. Now in its second performance, Pinnacle II is ready to dance with a greenfield build of the Dos Picos Gathering system in the Midland Basin. Supported by a 15-year gas gathering, processing, and purchasing agreement with E&P DoublePoint Energy, Dos Picos will be built for rapid expansion. The initial system will include 50 miles of gathering lines, compression facilities, and access to third-party processing plants with an estimated completion by mid-2021.

 

Pinnacle Midstream II

Formed in early 2019, Pinnacle Midstream II LLC provides innovative, customer-focused services including natural gas gathering and processing, crude oil gathering and stabilization, crude oil transloading and storage services, produced water gathering and saltwater disposal wells, and product marketing and support. 

www.pinnaclemidstream.com

What do you think? Learn more about REC’s midstream services at www.ReeseEnergyConsulting.com.

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Staking a (Bigger) Claim in the San Andres

Staking a (Bigger) Claim in the San Andres

Stakeholder Midstream found its sweet spot four years ago in the Permian’s San Andres play when producers there were only starting to discover the formation’s new potential with applied horizontal drilling. Reese Energy Consulting today is following the latest moves by San Antonio-based Stakeholder, which quickly set its sights on the San Andres and the need for more gathering infrastructure as crude volumes began to surge. The company first constructed a crude system in 2017 that included 90 miles of pipe, a storage terminal, and multiple downstream pipeline connections. An expansion followed a short year later with the addition of more gathering lines, pump stations, and storage capacity. At the same time, Stakeholder announced it would build a gas gathering, treating, and processing system that would address the inherent challenges of the San Andres’ sour gas stream. But this independent wasn’t done yet. After acquiring and integrating a second crude oil gathering system in August, Stakeholder now has purchased the San Andres gas gathering and processing assets from Santa Fe Midstream. And staking another claim in the neighborhood it knows best.

 

Stakeholder Midstream

Stakeholder Midstream is dedicated to solving problems and creating value for our customers. Our experienced team has a strong history of execution through all key phases of the midstream value chain. Stakeholder’s goal is to build enduring relationships with all constituents based on hard work, trust, ethical behavior and equitable dealings. Supported by a significant equity commitment from EnCap Flatrock Midstream, we have the ability to move quickly to provide the infrastructure solutions and services that our customers require.

www.stakeholdermidstream.com

What do you think? Learn more about our midstream services and expertise at www.ReeseEnergyConsulting.com.