Pages

Thursday, August 1, 2019

Bakken Pipelines -- Tallgrass Update -- S&P Global -- August 1, 2019

Wow, isn't this interesting? With all the recent discussion regarding pipelines in the Bakken and the Permian, we now have this story from S&P Global. Data points here:
  • Tallgrass execs see themselves in "catbird seat"
  • reminder: Tallgrass Energy has plans to partner with a Kinder Morgan subsidiary for Bakken takeaway
From the article:
"The Bakken has kind of recovered. It's kind of [reached] some new highs. But I think the question in my mind that everybody needs to be asking themselves long term is if $50 to $60 [per barrel] oil in the Bakken [is] going to [facilitate] that 2-million-barrel-a-day-plus market that it probably needs to be to support everything that's being talked about that is not yet built," [Tallgrass CEO] Dehaemers said.
 Meanwhile, the midstream company's Cheyenne Connector pipeline and affiliated Cheyenne Hub Enhancement projects remain in limbo without a blanket certificate from the Federal Energy Regulatory Commission to begin building infrastructure designed to ship up to 600 MMcf/d from the DJ Basin to Tallgrass' Rockies Express Pipeline LLC and Cheyenne Hub and improve bidirectional gas flows at the hub.
This is concerning, coming out of the Trump administration:
"We were supposed to get the certificate in March with the intent of being done in Q4," Moler said. "[Now] we are hoping to stay in Q1 [of 2020]. We have 99.9% of the materials on-site, we have a contractor and equipment on hold, and the day that we get the certificate ... we start excavating and moving forward." 
He added that "the FERC approval process has become much slower than what we or others in the industry would like or have experienced in the past."
**********************************
The Book Page

Two books from "Half-Price Books" that together cost less than one of the books would have cost at Amazon. Whoo-hoo.

The Battle For New York: The City at the Heart of the American Revolution, Barnet Schecter, c. 2002. On first glance it looks like it will be a "so-so" book; it's the author's freshman outing. No worthwhile illustrations and very, very weak on maps. Eager to see if it improves my understanding of geography of New York City and its environs.

The Annotated Wuthering Heights, Emily Brontë, edited by Janet Gezari, c.2014. This looks like a "top shelf" book. A real keeper. Published by the Belknap Press of Harvard University Press, Cambridge, MA, and London, England. This looks really, really good. I can't believe the price at Half-Price Bookstores. And in mint condition. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.