OneOk spending $295 million to expand Permian pipeline system
Bearish gas price outlook from lengthy Seeking Alpha article. If you want to follow a specific company, Seeking Alpha is a good free service to sign up for. Not a tremendous amount of spam involved.
Thank You for sharing. This my article. I don’t have a large following on SA so nice to see that it has matriculated outside the confines. Also, here is a link to Pt. II which analyzes a couple plays followed on here. I will have Pt. III out soon. https://seekingalpha.com/article/4207207-u-s-shale-gas-times-changin-chapter-ii-new-plays
Reuters article summarizing takeaway problem impact - loss of 200k barrels a day of production.
Epic pipeline going into service Q3 2019 will carry oil for at lease a year instead of NGL to ease oil takeaway capacity. Oil is king in the pecking order of decision making versus gas or NGL. Gas prices at Waha hub were down to $1.20/mcf this week due to gas takeaway constraints. Expect more puzzled looks on royalty owners faces when they look at the prices paid on their checks.
For those of you following Apache in particular, I posted a new article and presentation in the Reeves County Group. Anyone following the Permian should also be a member of the Reeves County Group, as it is the most active on this site.
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Kimmeridge is an investor in Resolute and is publicly pushing them to sell out or merge.
Torchlight has found more financing to continue to develop its play in Hudspeth and Culberson Counties.
USGS is updating its survey of the Delaware. Expect some eye-popping numbers on reserves. Already saying the Wolfcamp is much thicker here.
Platt’s is reporting that Sempra is in talks to build a LNG export terminal south of Tijuana in Baja. Could be a major new outlet for Permian gas. Interesting thing is most of the pipeline to the terminal would be through Mexico, probably because they don’t want to have to deal with California. So California costs itself a construction project that would have brought $ 3-4 billion to San Diego.