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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Energy Transfer Grows More Tentacles

Energy Transfer Grows More Tentacles

Texas and Okla., are back in the headlines this morning but it’s not the frigid weather lifting eyebrows this time. Reese Energy Consulting is following breaking news from Dallas-based pipeline behemoth Energy Transfer, which has announced it will acquire Okla. City-based Enable Midstream in an all-equity deal valued at 7.2 billion. The merger includes 14,000 miles of natural gas, crude, condensate and produced water gathering pipe; 15 major processing plants; 10,000 miles of intrastate and interstate natural gas pipelines; and 7 gas storage facilities across Okla., Texas, La., Mo., and into Ill. The combined company strengthens Energy Transfer’s already sizeable NGLs system with added gathering and processing assets in Okla.’s Anadarko Basin and connectivity to its Gulf Coast fractionation complex. Other perks include Enable’s gas gathering and processing assets in the Arkoma Basin across Okla., and Ark., and the Haynesville in La., and Texas. We now return you to your regular weather programming.

 

Energy Transfer

Energy Transfer is one of the largest and most diversified midstream energy companies in the country with approximately 90,000 miles of pipelines traversing 38 states transporting the oil and gas products that make our lives possible.

www.energytransfer.com

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

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Shovel, Meet Dirt

Shovel, Meet Dirt

It’s about as rare as a unicorn these days to watch an oil and gas stock price zoom into the stratosphere, but that’s exactly what happened today in pre-market trading for Houston-based Summit Midstream. Reese Energy Consulting is following the latest news from Summit, which yesterday received a FERC thumbs up to begin construction on the Double E Pipeline and associated midstream facilities. That’s all it took to send the company’s stock soaring by a whopping 51.7% before this morning’s opening bell and settling back to a still impressive 29%. Upon completion in 4Q, the 135-mile Double E will transport 1.35 BCFD of natural gas from the Permian’s Delaware to delivery points near the Waha Hub. Summit owns a 70% operating interest in the pipeline along with ExxonMobil at 30%. The project’s most recent advancement follows a rather smooth-sailing process compared with other proposed pipelines that have either been delayed indefinitely or outright cancelled out of sheer exhaustion from endless court battles. Godspeed, Double E.

Summit Midstream

Headquartered in Houston, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a value-driven master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.

www.summitmidstream.com

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

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