Friday, July 14, 2017

Update On Williams' Transco Pipeline Dalton Expansion -- July 14, 2017

Active rigs:

$46.617/14/201707/14/201607/14/201507/14/201407/14/2013
Active Rigs582973193186

RBN Energy: Williams' Dalton expansion and the shifting Transco gas price spread.
For much of the past few years, natural gas at Northeast demand market hubs has been priced at deep discounts, particularly in the low-demand summer months, because of the flood of Marcellus Shale gas that couldn’t go anywhere else.
But now, those markets could soon see some upward pressure as pipeline projects that will expand takeaway capacity from the region come online.
One of those projects is Williams’s Transco Pipeline Dalton Expansion, which includes an expansion of Transco’s mainline as well as a new, “greenfield” lateral.
The project has already commenced partial-path service to move as much as 448 MMcf/d south on the mainline from Transco’s Zone 6 in New Jersey to its Zone 4 segment in Mississippi. And just yesterday (Thursday, July 13), Transco submitted a request with the Federal Energy Regulatory Commission (FERC) to place the remaining portion — the new Dalton Lateral pipeline extension and related connections — into service less than three weeks from now (on August 1). Today, we provide an update on the project and potential market effects.

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