- Oasis Petroleum may create an MLP for a $200M North Dakota plant it plans to build over the next two years to process natural gas from the Wild Basin portion of the Bakken Shale, President Taylor Reid says.
- "We have potential JV partners for that, or we could go down the path of an MLP," Reid says at a conference in Denver.
- The CEO also says OAS is well positioned to weather low oil prices, helped by the company's unit that fracks wells, meaning OAS is not reliant on Halliburton or peers for that service; for example, OAS plans to frack 80 wells this year using its own two frack crews, saving ~$400K/well, Reid says.
- ONEOK Partners says it is forming a 50-50 joint venture with a subsidiary of Mexico's Fermaca Infrastructure to construct a pipeline that will transport natural gas from the Permian Basin in west Texas to Mexico.
- The first phase of the project for 170MM cf/day of available capacity is scheduled for completion by Q1 2016; final completion is expected by 2019 and will increase available capacity on the pipeline to 640MM cf/day.
- OKS will manage project construction and become operator of the pipeline upon completion; the project is estimated to cost $450M-$500M.
- Roadrunner Gas Transmission -- name of the pipeline
- around 200-mile long, 30-inch wide, Roadrunner will stretch from the 2,227-mile long ONEOK WesTex Transmission natural gas pipeline system at Coyanosa, TX in the U.S. to Fermaca's Tarahumara Gas Pipeline in Mexico. Once completed, the pipeline will transport up to 640 million cubic feet per day (“MMcf/d”) of natural gas.
- to be completed in three phases. The first phase is expected to be concluded by the first quarter of 2016 with transportation capacity of 170 MMcf/d. Upon completion of the second phase in first-quarter 2017, transportation capacity of Roadrunner will scale up to 570 MMcf/d. The final phase is expected to be completed in 2019 and will increase the available capacity to 640 MMcf/d.
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No Mention Of Hydraulic Fracking
California may be in a bit of trouble with regard to water. The Los Angeles Times is reporting:
Electronic readings on Wednesday at about 100 stations across the Sierra showed that the water content of the snow was only about 5% of the state average for April 1, the date on which snowpack is normally considered at its peak. Official manual readings will be announced Wednesday afternoon. Early data show snowpack in the Sierra Nevada is lower than any year since 1950
Governor Brown has issued new statewide water restrictions.
I have not yet read the restrictions. I will do that in a few seconds. I will know how serious everyone is taking this if golf courses are / are not mentioned. So, let's see (the link: http://www.latimes.com/local/lanow/la-me-ln-snowpack-20150331-story.html#page=1).
They must be serious: the very first thing mentioned after the general announcement:
--Require golf courses, cemeteries and other large landscaped spaces to reduce water consumption.But quite vague; need to see the fine print:
Craig Kessler, director of government affairs for the Southern California Golf Assn., said complying with stronger water conservation requirements will be especially challenging for golf courses.
"Golf is not any different than any other industry," Kessler said. "We're simply going to have to make the best of what Mother Nature, and lack of past planning has left us."I wonder if the state would accept a "water cap and trade" for golfers. Instead of drinking California-produced bottled water, and instead drinking out-of-state beer while golfing, that would offset watering the golf course -- let's say one hour of watering / 100 bottles of beer consumed on the golf course.
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