- reports that Bakken companies are building out natural gas infrastructure at a dizzying pace
- companies involved:
- Hess
- Crestwood Midstream
- ONEOK
- currently: 78 - 81 percent of the Bakken's natural gas is being captured
- only 5% is due to "stranded" production -- where infrastructure does not exist
- the problem: bottlenecks -- not stranded gas
- Hess: #2 producer in the Bakken -- I assume the reporter is talking about nat gas production
- six rigs
- those six rigs will produce (sic) about 165 new wells (time-frame not reported)
- currently 1,500 actively producing wells
- inventory of 15 years of drilling
- inventory of 3,000 more wells for Hess
- Hess has already committed about $3 billion toward proving nat gas gathering and processing
- effort began with expansion of the Tioga gas plant ot 250 million cubic feet per day
- a joint venture with Targa Resources for a 100-million cubic feet per dry plant
- Tioga plant will be expanded again to 400 million cubic feet per day, likely in 2021
- that won't include fractionation -- that market is already saturated
- Crestwood Midstream -- on Fort Berthold
- building smaller plants to get them up and running more quickly
- one small facility up and running within seven months
- a second plant now under construction: 120 million cfpd
- investment: $668 million so far and climbing
- Y-grade NGL
- waiting for ONEOK to complete its Elk Creek Pipeline
- will carry up to 240 million bbls per day out of the Bakken
- ONEOK
- already has about 1 billion cfpd of natural gas processing in the Williston Basin
- by 2021, ONEOK plans to have !.6 billion cfpd
- current projects
- two large processing plants in the Keene area, Demicks 1 and 2
- each: 200 million cfpd
- a 200-million-cfpd expansion of Bear Creek in Dunn County
- Demicks Lake plants -- part of an overall $2.3 billion capital plan the company announced last year
For more, see the tag: NG_Plants_ND.
No comments:
Post a Comment