Thursday, February 8, 2018

What Not To Do As A Job Applicant -- February 8, 2018; New Powder River Basin Pipeline

From Rigzone: what not to do as a job applicant, via Twitter.

Link here.

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Meanwhile, Seriously

New pipeline from the Powder River Basin.

Tallgrass Energy Partners, Leawood, Kan., and Silver Creek Midstream LLC, Irving, Tex., will jointly develop a crude oil pipeline for Powder River basin production in Wyoming.

The 80-mile, 16-in. Iron Horse Pipeline will connect a gathering system and terminal in Converse County with a terminal Tallgrass is building at Guernsey in Platte County.

About half the pipeline will be new. The other half will be converted gas pipeline.

The pipeline will have initial capacity of 100,000 b/d of crude and can be expanded.

The pipeline per se does not interest me that much. What interests me is the fact that a basin we don't hear much about requires additional takeaway. The initial capacity, 100,00 bopd, is not trivial and can be expanded.

Note this SeekingAlpha article about nine months ago:
  • Powder River Basin prices are nearing $17k/acre this year compared to prices less than $2k/acre only a year and a half ago
  • 30-day Max IP rates have been steadily improving in Campbell and Converse counties
  • Powder River Basin oil production poised to rebound in 2017, growing ~35,000b/d by the end of 2018
Converse County/Powder River Basin is tracked here

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