Locator: 48483B.
Devon: link here.
Reminder:
Natural gas: link here.
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Back to the Bakken Morning Report
WTI: $72.28.
Friday, Augus 23, 2024: 57 for the month; 113 for the quarter, 439 for the year
40394, conf, WPX, Missouri River 25-26HUL,
40393, conf, WPX, Missouri River 25-26HD,
39709, conf, Hess, TI-Larson-157-95-2536H-3,
39708, conf, Hess, TI-Larson -157-95-2536H-2,
24362, conf, Grayson Mill, Knight 35-26 4H,
RBN Energy: a new gas gathering and processing network in the Midland.
The Permian needs more gas gathering and processing capacity pronto to support the expansion of crude-oil-focused drilling, and one of the Permian’s last privately held midstream companies is stepping up in a big way with the buildout of an entirely new — and very expandable — network in the Midland Basin. In today’s RBN blog, we discuss the impending startup of a new Brazos Midstream processing plant in Martin County, its plans for another Midland-area plant and the company’s already expansive midstream holdings in the Delaware Basin. As you’ll see, Brazos’s strategy echoes that of a well-known predecessor.
The new gas-related infrastructure the Permian needs to support continued growth in crude oil production has been the topic of several blogs the past few months. Each hammered home the same theme, namely that Permian oil production can only grow as quickly as the ability of gas gathering systems, gas processing plants and takeaway pipelines to handle the vast volumes of associated gas that emerge from West Texas and southeastern New Mexico wells with the shale play’s “black gold.”
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