Cheniere is building a connector to the Whistler pipeline to get gas over to its LNG plant to export it.
US natural gas production hits a new milestone, 100 Bcf/d. Who would have thunk it?
It shows how new technology and adapting markets can completely reshape an entire industry in a few years time.
I thought this was great news for mineral owners.
We have been getting quite a few calls lately wanting to buy surface estate next to compressor stations for “battery builds.” I think this has a lot to do with the new crypto mining and the need for computers and battery stations to run them.
Or the Chinese are infiltrating.
They may also be for construction of centralized collection or processing facilities for multiple area wells. The gas is combined from all the wells and put into the gas pipeline for transport to the processing plant. Oil can also be combined for oil pipeline.
Northern O&G buying 2800 acres of leases from Alpha Energy in Lea and Eddy County. works out to over $50,000 per acre.
RBN analysis of the potential for gas takeaway constraints across the Permian.
One of the best charts I have seen explaining where gas comes from and where it goes.
Pioneer will start testing the Woodford and Barnett in the Midland Basin for gas.
While Waha was flirting with negative gas prices, gas at the Northern California hub spiked at $55/MMBtu last week. Apparently California needs some natural gas after all.
Here are RBN’s top 10 blog articles for the year about energy security. To me, the main takeaway is this - if you try to mess with the forces behind the energy market, it almost always backfires and is seldom effective. Energy is just too ingrained in everything we do, eat, buy, make and spend to think a government body can dictate how it should be produced, transported or used.
Vitol buying Delaware Basin Resources.
Matador buying Advance energy Partners for $1.6 billion. The Advance acreage is mostly in Ward and Lea Counties. A flurry of deals recently.