Update On Enbridge And Texas (The Permian) -- RBN Energy -- May 9, 2024

Locator: 47104INV.

Investing:

• from yesterday on the blog: unless the apple cart is upset by global geo-politics, everything suggests 2024 - 2027 could be a great few years for investors.
• today, from 247wallstreet: 

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Back to the Bakken

WTI:

Friday, May 10, 2024: 14 for the month; 78 for the quarter, 277 for the year
40268, conf, Eagle Operating, Skaufel 5-10,
40118, conf, Neptune Operating, Heen South 5-8-17 6H, 

Thursday, May 9, 2024: 12 for the month; 76 for the quarter, 275 for the year
40117, conf, Neptune Operating, Heen 35-26 5H,
39468, conf, Hess, EN-Bakke-LE-157-93-1522H-1,
37107, conf, BR, Carlsbad 3B MBH,

Comment: someday it would be interesting to see a fairly long essay comparing the Mideast energy sector -- the entire Mideast energy sector -- with Texas-Louisiana-Gulf.

RBN Energy: how Deepwater crude export projects may impact Corpus pipelines, terminals. Archived.

The Corpus Christi crude oil market is pulling as much volume as it can from the Permian Basin via pipelines that are running nearly at capacity. That explains why two midstream companies are responding with plans to boost the capacities of their respective pipelines from the Permian to refineries and export terminals in the Corpus area. But the situation is complicated by the very real possibility that one or more deepwater export facilities capable of fully loading a Very Large Crude Carrier (VLCC) may be built off the Texas coast. In today’s RBN blog, we’ll examine current and proposed pipeline takeaway capacity out of the Permian and the potential for proposed offshore export facilities to impact pipeline flows from West Texas to the coast. 

Before we get into this topic, let’s recap the highlights in Part 1 of this series. In that piece, we emphasized that producers must have sufficient takeaway capacity to handle their rising volumes of crude oil and associated gas. Gas takeaway constraints are already here, and the industry is eagerly anticipating the ramp up of a new pipeline: the 2.5-Bcf/d Matterhorn Express, which will come online later this year. However, still more gas takeaway capacity will be needed to keep up with the Permian’s growth trajectory and several projects are in the running to provide that.

Enbridge: