Nat Gas News – October 22, 2018

Nat Gas News – October 22, 2018

$150M Gas Processing Plant to Start Operating Next Month

Miami Herald reported: Oasis Midstream Partners has completed a natural gas processing plant that will help reduce the wasteful flaring of excess natural gas in North Dakota’s Bakken oil patch. The $150 million Oasis Wild Basin II plant near Watford City will add 200 million cubic feet per day of natural gas processing capacity. The first major plant completed in recent years in the Bakken is to begin operating in November. Oasis began operating the first Wild Basin plant in 2016 to process 80 million cubic feet of gas per day. “We figured out pretty quickly we were going to fill up that plant pretty fast,” CEO Taylor Reid told The Bismarck Tribune. Oasis built the new plant to support its own gas production, but it also plans to process gas from other companies. Reid projects the new plant will be full in late 2019 or 2020, depending on the level of contracts from others. For more on this story visit miamiherald.com or click https://hrld.us/2Am6v9T

US Gulf of Mexico Oil and Gas Output Returning to Normal Post Storm

Business Times reported: US Gulf of Mexico oil and gas production is returning to near normal levels three days after Hurricane Michael made landfall on the Florida Panhandle, data from an offshore regulator showed on Saturday, with oil output off 19 per cent and natural gas production down less than 10 per cent. The Bureau of Safety and Environmental Enforcement (BSEE) also said in an midday update that only one evacuated production platform was still unoccupied, down from 89 platforms on Wednesday. It can take several days after a storm passes to inspect platforms for damages, fully return crews and restore production after wells are shut-in ahead of a storm. Michael entered the Gulf as a tropical storm and quickly spun into a major hurricane, producing rough seas and winds of up to 155 miles per hour (250 kph) when it made landfall near Panama City, Florida, on Wednesday. For more on this story visit businesstimes.com.sg or click https://bit.ly/2yshTPW

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