Falcon + 222 SK June 19, 2019 (edited) . Edited July 30, 2019 by Falcon 1 1 Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv June 19, 2019 West Texas' booming Permian Basin is churning out more oil than believed and pushing U.S. crude output even higher than the federal government estimates, according to a new report Thursday. U.S. oil production likely hit a record of 12.5 million barrels per day in May and should even grow to 13.4 million barrels daily by the end of this year, the Norwegian research firm Rystad Energy projects. Next year should see oil supplies hit 14.3 million barrels a day. Rystad sees Permian output already above 4.5 million barrels daily in May with Texas' total crude volumes exceeding 5 million barrels per day in June. "U.S. oil production is already higher than many in the market believe," says Bjørnar Tonhaugen, Rystad's head of oil market research. "Strong growth persists in the Permian Basin on both the New Mexico and the Texas sides," he said. "Updated production estimates suggest that the Permian Basin surpassed 4.5 million barrels per day in May." Considering the ongoing recovery in hydraulic fracturing, called fracking, activity, the ship isn't turning around anytime soon even as oil prices have turned bearish at the end of May and into June, Tonhaugen added. The U.S. Energy Department has projected that U.S. oil output is currently at a still-record 12.4 million barrels a day, but that the May average was less than 12.3 million barrels daily. The government estimates the Permian's current volumes at less than 4.2 million barrels of crude oil a day, well less than Rystad's analysis. Rystad believes the Permian will exceed 5 million barrels daily at some point next year. 1 1 Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv June 19, 2019 Pioneer and CHevron have cut back and have actually shit in production to stop flaring of gas till the pipelines are in place. 1 Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv June 19, 2019 new pipeline projects in the permian Wink to Webster Texas Pipeline Companies: Plains All American Pipeline L.P. and Exxon Mobil, Lotus Midstream LLC Capacity: 1 million b/d capacity Projected In-Service: In-Service: Q1 – Q2 2021 More Info:https://winktowebsterpipeline.com/ Gray Oak Company: Phillips 66 Capacity: 800,000 b/d capacity Projected In-Service: Q4 2019 More Info:https://grayoakpipeline.com/ Cactus ii Company: Plains All American Capacity: 670,000 b/d Projected In-Service: Q4 2019 – Q2 2020 More Info:https://www.plainsallamerican.com/about-us/subsidiary-websites/permian-projects Jupiter Crude Pipeline Company: Jupiter Pipeline LLC Capacity: 1.1 million b/d Projected In-Service: Q3 2020 More Info:https://www.jupitermlp.com/ Epic Crude Pipeline Company: EPIC Midstream Holdings Capacity: 900,000 b/d Projected In-Service: Q4 2019 – Q1 2020 More Info:https://epicpipelinelp.com/projects/crude-pipeline/ Permian Global Access Pipeline Companies: Tellurian Capacity: 2.0 bcf/d Projected In-Service: 2023 More Info: http://www.pgap.com/ Gulf Coast Express Companies: Kinder Morgan, Targa Resources, DCP Midstream Capacity: 2.0 bcf/d Projected In-Service: Q3 2019 More Info: https://www.kindermorgan.com/pages/business/gas_pipelines/projects/kmtp/ Permian Highway Pipeline Companies: Kinder Morgan, EagleClaw Midstream Ventures Capacity: 2.0 bcf/d Projected In-Service: Q4 2020 More Info: https://www.kindermorgan.com/pages/business/gas_pipelines/projects/php/ Pecos Trail Companies: NAmerico Energy Capacity: 1.85 bcf/d Projected In-Service: Q3 2019 More Info: https://www.namerico-energy.com/portfolio/energy/pecos-trail-pipeline/ Permian-Katy Pipeline Companies: Sempra LNG & Midstream, Loews/Boardwalk Pipeline Partners Capacity: 2.0 bcf/d Projected In-Service: Q3 2020 More Info: http://www.p2kpipeline.com Whistler Pipeline Companies: Targa Resources, NextEra Energy Pipeline Holdings, WhiteWater Midstream and MPLX Capacity: 2.0 bcf/d Projected In-Service: Q4 2020 More Info: http://www.targaresources.com/operations/operations-map Grand Prix Pipeline Company: Targa Resources Capacity: 450,000 b/d Projected In-Service: Q2 2019 More Info: http://www.targaresources.com/operations/operations-map Epic ngl Pipeline Company: EPIC Midstream Holdings Capacity: 440,000 b/d Projected In-Service: Q3 2019 More Info: https://epicpipelinelp.com/projects/ngl-pipeline/ 1 Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv June 19, 2019 Having shed its assets outside the Permian Basin, pure-play Pioneer Natural Resources Co. is on a cost-cutting, revenue-generating, free cash flow-making, growth rate-slowing, shareholder capital-returning mission. And, “We have been laser-focused on lowering our breakeven costs,” Pioneer CFO Rich Dealy said June 19 during the JP Morgan Energy Conference. The attention on monetization comes as U.S. shale players continue to be pummeled by investors fed up with oil companies’ inability, for the most part, to generate cash flow. Although the industry has successfully used technology and improved techniques to get more from wells while bringing down costs, it still faces challenges of steep well declines, geopolitics and the cyclical nature of the business plus debt. 1 Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 June 19, 2019 Welp, this is going to kill oil prices globally for quite a number of years. On the bright side, after the U.S. Shale Oil industry floods the global oil market with excess WTI, thus crashing the price of oil, it will then undercut the whole "renewable energy" push because oil will be too dang cheap for renewables to compete against. Perhaps that's where the Carbon Tax idea comes in, for Eestern govetnments to make oil too expensive via enormous Carbon Taxes, even when the actual price of oil will be dirt cheap. Carbon Tax will be the new Sin Tax, to "prevent climate catastrophe" ? 1 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 June 20, 2019 14 hours ago, ceo_energemsier said: Pioneer and CHevron have cut back and have actually shit in production to stop flaring of gas till the pipelines are in place. Freudian slip? 1 Quote Share this post Link to post Share on other sites
wrs + 893 WS June 20, 2019 20 hours ago, ceo_energemsier said: new pipeline projects in the permian Wink to Webster Texas Pipeline Companies: Plains All American Pipeline L.P. and Exxon Mobil, Lotus Midstream LLC Capacity: 1 million b/d capacity Projected In-Service: In-Service: Q1 – Q2 2021 More Info:https://winktowebsterpipeline.com/ Gray Oak Company: Phillips 66 Capacity: 800,000 b/d capacity Projected In-Service: Q4 2019 More Info:https://grayoakpipeline.com/ Cactus ii Company: Plains All American Capacity: 670,000 b/d Projected In-Service: Q4 2019 – Q2 2020 More Info:https://www.plainsallamerican.com/about-us/subsidiary-websites/permian-projects Jupiter Crude Pipeline Company: Jupiter Pipeline LLC Capacity: 1.1 million b/d Projected In-Service: Q3 2020 More Info:https://www.jupitermlp.com/ Epic Crude Pipeline Company: EPIC Midstream Holdings Capacity: 900,000 b/d Projected In-Service: Q4 2019 – Q1 2020 More Info:https://epicpipelinelp.com/projects/crude-pipeline/ Permian Global Access Pipeline Companies: Tellurian Capacity: 2.0 bcf/d Projected In-Service: 2023 More Info: http://www.pgap.com/ Gulf Coast Express Companies: Kinder Morgan, Targa Resources, DCP Midstream Capacity: 2.0 bcf/d Projected In-Service: Q3 2019 More Info: https://www.kindermorgan.com/pages/business/gas_pipelines/projects/kmtp/ Permian Highway Pipeline Companies: Kinder Morgan, EagleClaw Midstream Ventures Capacity: 2.0 bcf/d Projected In-Service: Q4 2020 More Info: https://www.kindermorgan.com/pages/business/gas_pipelines/projects/php/ Pecos Trail Companies: NAmerico Energy Capacity: 1.85 bcf/d Projected In-Service: Q3 2019 More Info: https://www.namerico-energy.com/portfolio/energy/pecos-trail-pipeline/ Permian-Katy Pipeline Companies: Sempra LNG & Midstream, Loews/Boardwalk Pipeline Partners Capacity: 2.0 bcf/d Projected In-Service: Q3 2020 More Info: http://www.p2kpipeline.com Whistler Pipeline Companies: Targa Resources, NextEra Energy Pipeline Holdings, WhiteWater Midstream and MPLX Capacity: 2.0 bcf/d Projected In-Service: Q4 2020 More Info: http://www.targaresources.com/operations/operations-map Grand Prix Pipeline Company: Targa Resources Capacity: 450,000 b/d Projected In-Service: Q2 2019 More Info: http://www.targaresources.com/operations/operations-map Epic ngl Pipeline Company: EPIC Midstream Holdings Capacity: 440,000 b/d Projected In-Service: Q3 2019 More Info: https://epicpipelinelp.com/projects/ngl-pipeline/ We sold ROWs to Targa last year in East Texas and they put that pipe in the ground within three months. We gave a ROW to Epic Y grade on the Orla section a year and a half ago and they put the pipe in right away. We are closing one with BANGL across the Orla section and OneOK is buying one next to the Targa line in East Texas. In addition to those we gave ROWs to Medallion, Enterprise, and BHP out there in Reeves two years ago. Doug and the rest who keep on yapping about flaring will have nothing to complain about by the end of this year. 2 Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv June 21, 2019 17 hours ago, ronwagn said: Freudian slip? Accidentally on purpose schitt!!! 1 Quote Share this post Link to post Share on other sites
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