West Texas Sour (WTS) in the Permian has been trading at a premium of $0.16/bbl YTD 2019 to its lighter counterpart, WTI Midland. This is a reversal of standard relationships between light sweet crude and intermediate sour crude which...
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Energy Market Commentary // Pipelines
Can Bakken Resurgence Support New Pipeline Capacity?
June 26, 2019 |
Bakken oil pipeline capacity has become incredibly dynamic as companies attempt to capitalize on production momentum. On June 10, Liberty Pipeline, a JV project between TrueCo’s Bridger pipeline and Phillips 66, announced completion of a successful open season to...
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Environmentalists Support a Gas Pipeline
June 18, 2019 |
The environmental blockade of new pipelines into New York and New England may finally be coming to an end. In a rare move, the Environmental Defense Fund (EDF) has come out in support of a gas pipeline project into...
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Mountain Valley Pipeline Taking a Cost Hike?
May 14, 2019 |
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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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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