Natural Gas News – January 28, 2019
Natural Gas News – January 28, 2019
Aramco Ready To Pour Billions in U.S. Natural Gas
Forbes reported: Despite a 140% boom in U.S. crude oil production and a 50% jump in natural gas output since shale took flight in 2008, the midstream infrastructure to pipe this new supply around the country has simply not kept up. This is a major problem for us because pipelines are easily the safest and most economical way to transport energy. In addition, hardly “going away,” oil and gas will still supply the bulk of U.S. energy through at least 2050, according to just released modeling from the U.S. Department of Energy in the Annual Energy Outlook 2019. The Permian basin in West Texas, giving a third of all U.S. crude production, confronts a pipeline bottleneck from a surge of activity. Yet, most of this will be rectified as the build-out in our largest oilfield continues to catch up. For more on this story visit forbes.com or click https://bit.ly/2sQByG4
Natural gas pipeline proposed for Northwest North Dakota
Bismarck Tribune reported: A new natural gas pipeline is proposed for the core of the Bakken. MDU Resources Group has announced that subsidiary WBI Energy plans to construct the North Bakken Expansion Project, adding 67 miles of pipeline in Williams and McKenzie counties. The project will transport natural gas that has been processed from the Tioga area to a new connection with Northern Border Pipeline in McKenzie County. The $220 million project also includes two compressor facilities and other related infrastructure. Trevor Hastings, president and CEO of WBI Energy, said in a statement the expansion will meet the natural gas transportation needs in the Bakken. “We are working with our customers to meet these needs as the industry focuses on reducing natural gas flaring while growing production volumes,” Hastings said Friday. North Dakota produced an average of 2.5 billion cubic feet per day of natural gas in November, a figure that’s projected to continue breaking records. Operators flared about 527 million cubic feet per day due to inadequate infrastructure. For more on this story visit bismarcktribune.com or click https://bit.ly/2B7iesO
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
