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Friday, December 21, 2018

The Market, Energy, Political Page, Part 5, T+46 -- December 21, 2018 -- NGLs PIpeline Proposed For The Bakken

Wow, keeping North Dakota great! From The Bismarck Tribune: natural gas liquids (NGLs) pipeline proposed for northwest North Dakota -- in other words, the heart of the Bakken. Wow! From the linked article:
  • ONEOK: seeking permit
  • Demicks Lake Pipeline Project
    • 77-mile-long pipeline
    • at $1 million/mile = $77 million estimate
    • the company says: $125 million
    • seventy-five miles inside state of ND
    • includes nine miles under the Little Missouri National Grassland with existing infrastructure
  • from a processing plant under construction in McKenzie County
    • Demicks Lake I and Demicks Lake II: both under construction northeast of Watford City
    • would add a total processing capacity of 400 million cfpd
    • Demicks Lake I should be completed by 4Q19
  • 40,000 bbls of NGLs/day from Watford City area to Richland County, MT
  • Elk Creek Pipeline will be constructed in Richland County (would that be Sidney, MT?)
    • Elk Creek pipeline under construction, from Sidney, MT, to Bushton, Kansas: capacity - 240,000 bpd
  • seventy-five miles inside state of ND
  • both pipelines would transport Y-grade natural gas liquids; transported together, separated later; see this RBN Energy on Y-grade NGLs;
  • there are no reservations along the planned route
  • there was no mention of sage grouse
  • "existing infrastructure" always has a nice ring to it
The Bismarck Tribune link here.

The Elk Creek pipeline:
The $125 million project will connect with the Elk Creek Pipeline, a 900-mile pipeline under construction to transport natural gas liquids from Sidney, Montana, to Bushton, Kansas.
Wow, keeping the highways great! From The Bismarck Tribune:
Owners of electric and hybrid vehicles in North Dakota would pay an annual fee to make up for lost gas tax revenue under a bill crafted by a Grand Forks lawmaker.
Republican state Sen. Curt Kreun said his proposal would help balance the scales between owners of traditional gas guzzlers who help fund road improvements by paying fuel taxes and drivers of more environmentally friendly vehicles who use those same roads. Under his bill, electric vehicle owners would face an annual $248 “road use fee” and hybrid drivers would see a $71 annual bill.
The fee amounts were calculated using average fuel economy and annual mileage figures. If passed, the electric vehicle fee would be the largest among the 20 states that already impose one, said Kevin Pula, a senior policy specialist with the National Conference of State Legislatures.
Comment: Wow, that's all "we" pay for all those great roads in North Dakota? Seventy-one dollars a year? Another bargain.
Wow, keeping America great! From Rigzone:
Seaway Crude Oil Pipeline Co. LLC kicked off a binding open season Friday to gauge shipper support to additional crude oil capacity on its existing pipeline system from Cushing, Okla., to the Texas Gulf Coast.
According to Seaway, the expansion could provide approximately 100,000 barrels per day of incremental capacity available by Feb. 1, 2019.

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