Three Wells Coiming Off Confidential List Today -- September 25, 2019

Howdy, Modi: for those interested in connecting the Modi-India-Houston-energy dots, this short article is a must read.  Data points:

• Tellurian's proposed Driftwood LNG liquefaction and export facility near Lake Charles, LA
• Petronet LNG Limited INDIA (PLL) 
• Petronet: India's largest LNG importer
• Petronet: has developed a 17.5-mtpa receiving and gasification terminal at Dahej in the country's Gujarat state and a 5-mtpa facility at Kochi, in Kerala state
• Driftwood Project
• unusual funding scheme
• 27.6-mtpa project
• includes a 96-mile Driftwood Pipeline
• FERC-approved
• gluten-free
• Tellurian hopes to finalize the transaction agreement with Petronet by March 31, 2020
• Driftwood LNG: to begin operations in 2023

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Back to the Bakken

Wells coming off the confidential list today -- Wednesday, September 25, 2019: 64 for the month; 196 for the quarter:
35896, conf, Slawson, Slasher Federal 3-27-22MLH,
35311, conf,  CLR, Putnam 7-25H,
35310, conf,  CLR, Putnam 6-25H1,
Active rigs:

$56.42	9/25/2019	09/25/2018	09/25/2017	09/25/2016	09/25/2015
Active Rigs	57	66	58	33	71

RBN Energy: the Caliche storage project in Beaumont, part 2. Archived.

A build-out of NGL fractionators, steam crackers and export terminals for ethane, LPG and ethylene is actively in progress along the Gulf. This growth is spurring the development of new storage capacity — not just at the Mont Belvieu NGL hub, but in other, nearby areas with access to fracs, crackers and export docks. Much of this new storage capacity is being developed by companies that fractionate mixed NGLs and sell so-called “purity products” to meet their internal needs. However, at least one project is being built by what you might call an “independent,” whose aim is to connect to multiple pipelines and provide storage services to customers, without taking title to products alongside their customers. Today, we continue our series on existing and planned NGL storage facilities along the Gulf Coast with a look at Caliche Development Partners’ new storage complex in Beaumont, TX.

Storage capacity and the ability to quickly move mixed NGLs (also known as y-grade) and purity products to where they need to be are critically important to those whose assets rely on a steady stream of these commodities for operation, production, transport, fractionation and export, as well as to those who crack NGL purity products to make ethylene and other products. For example, y-grade coming out of gas processing plants and being piped to a fractionation hub (or individual fractionator) needs to be put in storage until it is called upon. Then, mixed NGLs are pulled from storage and delivered to fractionation facilities. Once y-grade is fractionated, each of the resulting purity products needs to be put into its own distinct storage facility until demand — which can be lumpy — pulls it further down the supply stream. Also, steam crackers and export terminals receive and store purity products (ethane, propane, normal butane, isobutane and natural gasoline) to stage them for consumption (at crackers) or for loading onto ships. Steam crackers also need a place to store ethylene once it’s produced.