The past month has been eerily quiet for news on Mountain Valley Pipeline and Atlantic Coast Pipeline. Earnings season yielded only slight transparency into the progress on the two major pipeline projects out of the Northeast. First, EQM (NYSE:...
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Energy Market Commentary // Pipelines
A Firm Transportation Dilemma – The Bills Come Due
April 25, 2019 |
At times, we’re all guilty of it. We simplify the complex business of producing oil and gas down to a gratifyingly basic premise—the quality of the rock will define what resource gets developed, and whatever company has captured that...
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Appalachian Production Constrained by Liquids Infrastructure
April 2, 2019 |
A perfect storm of outage-driven constraints continues to disrupt supply in the Marcellus and Utica. The outages resulted in natural gas liquids supply dropping by an unprecedented 55 Mb/d month over month in December. The outages highlight the fragility...
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ACP on the Trail to the Supreme Court
March 7, 2019 |
Atlantic Coast Pipeline (ACP) and Mountain Valley Pipeline (MVP) both intended to enter service in late 2018. However, regulatory delays pushed MVP’s scheduled in service date to late 2019. Additionally, ACP projects to enter service in early 2021. ACP’s...
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Alpine High Expectations Move Low(er)
March 6, 2019 |
Last week, the market was caught off-guard when Apache (NYSE:APA) lowered the outlook for volume growth in the company’s Permian rich gas play, the Alpine High. Apache traded off just 1% following the disclosure, while Altus Midstream (NASDAQ: ALTM),...
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Midship Pipeline Won’t Guarantee Smooth Sailing for Oklahoma Gas
February 26, 2019 |
Anticipation for Cheniere’s 1.44 Bcf/d Midship pipeline is building as the project plans to begin service later this year. Buoyed by oil prices, natural gas production in the SCOOP and STACK plays continued to increase in 2018. As a result,...
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Cushing Pipeline Bottlenecks Depressing Prices
February 21, 2019 |
In 2018, the spread for WTI quality crude at Midand versus Cushing captured headlines. The spread widened to almost $13/bbl in May before reaching new peaks of almost $18/bbl in September. Fast forward to February 2019 and the spread...
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