So many story lines from this one story.
Here's the lede:
Private-equity firm First Review Corp has formed a new venture to build pipelines throughout the booming oil fields of North Dakota, an investment aimed at resolving transportation bottlenecks plaguing energy producers in the region.Data points:
- new company: Caliber Midstream Parners LP
- first pipeline: 10,000 bbls of oil and 15 million cubic feet of natural gas per day by mid-2013
- first pipeline: will connect more than 100 far-flung oil and natural-gas sites to rail terminals
- later pipelines: connectors to major interstate pipelines
- hundreds of thousands of pipelines that need to be built
- "stable market share and still have 100% growth per year"
- First Reserve: $1.2 billion Energy Infrastructure Fund
- break-even price for Triangle Bakken oil with pipelines: $45/bbl
How do I know this is a "huge" story. It is one of only three stories on page B3 of the WSJ; with large-font headline (across four columns of the five-column). I've mentioned before that the biggest news posted in the WSJ is generally on page B3.
You probably have already seen this but if you haven't I think you will find it entertaining
ReplyDeletehttp://blog.heritage.org/2012/09/28/matt-damons-anti-fracking-movie-financed-by-oil-rich-arab-nation/
Yes, I have posted that story and an update. In addition, it appears Russia is behind the effort to stop fracking in Europe. (Russia provides monopoly-sized supplies of natural gas to Europe.)
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