Wednesday, May 7, 2025

Six New Permits; Fourteen Permits Renewed; One DUC Reported As Completed -- May 7, 2025

Locator: 48606B.

WTI: $58.07.

Active rigs: 31.

Six new permits, #41885 - #41890, inclusive:

  • Operators: Silver Hill Operating (4); Oasis (2);
  • Fields: Capa (Williams County); Big Butte (Mountrail County)
  • Comments:
    • Silver Hill has permits for four Haustveit / Haustveit Federal wells, NENW 12-155-95; 
      • to be sited 427 FNL and 1483 / 1588 FWL;
    • Oasis has permits for two Feiring State wells, NWNE 16-157-93, 
      • to be sited 249 FNL and 2350 / 2563 FEL.

Fourteen permits renewed:

  • Foundation Energy Management (7): McDonald; Elkhorn Ranch Federal (4); Cerkoney (2);
  • BR (4): Tilton Diamond Forest, Patton (3);
  • Zavanna (4): four Jersey permits; Stockyard Creek, NWSW 22-154-99;

One producing well (a DUC) reported as completed:

  • 39978, 0, BR, Manchester 2E, Dunn County;

Lucid -- Re-Posting -- If You Read The Earlier Posts On Lucid, No Reason To Read This Post -- For The Archives -- May 7, 2025

Locator: 48605EVS.

Posted earlier. This simply boggles the mind. From the story below:

  • Lucid, a $100,000-luxury EV
  • "hiccups" with quality issue
    • with Gravity's heads-up display
    • can't even make enough for SUVs to be used for test drives
  • the company has so far failed to sell its Air sedan an anywhere near the levels it once promised
  • its total losses to date are now over $13 billion
  • it's long-running CEO abruptly stepped down three monthsago
  • Gravity was supposed to have hit the market in 2023
    • the company said it would "technically" start delivering Gravity SUVs in late 2024, quietly ignoring the fact this was for employees and people close to the company (the "elite")
  • range 450 miles -- that is awesome for an; about what my 2012 Honda Civic gets on a tank of non-ethanol gasoline
  • CEO talks about "pie in the sky" -- selling its "EV tech to other automakers." LOL.

**************************
The Original Story

May 7, 2025: this is quite interesting -- the "spin." After doing a fair amount of reading regarding the 1Q25 EV production reports for Ford, Lucid, and Rivian, I thought I had a pretty good idea what was going on. Then, as more and more stories "leak" out ..... well, take a look. This one involves Lucid. At first I fell for the company's line ... hook, line, and sinker, as they say. Then this story was posted, link here:

Lucid Motors has been working through some quality “hiccups” in the early stages of delivering its long-awaited electric SUV, according to interim CEO Marc Winterhoff.

“It is true that we had some technical issues that we had to overcome around software” and the Gravity’s heads-up display, Winterhoff said on a conference call Tuesday. “There have been some hiccups. To be quite frank, I think this is absolutely normal in the beginning of launching a vehicle.” [Launch was supposed to be back in 2023.]

In particular, Winterhoff cited supply chain issues with Gravity’s heads-up display as a source of trouble. The company has pulled that option back for now while it works with the supplier to increase production of the part. [Supply chain issues: that's become a meme for US manufacturers who can't execute.]

Winterhoff said these early quality snags are the reason why Lucid has been slow to bring the Gravity to its showroom locations, including SUVs that are supposed to be used for test drives. But he said the company is “knocking those [issues] out.” [Really? Any data to support that?]

“We’d rather push it out a few days or weeks, rather than putting a half-baked product in front of the customer,” he said.

Critical paragraph:
Lucid’s first SUV arrives at a critical juncture for the company. It has so far failed to sell its Air sedan at anywhere near the levels it once promised to Wall Street. Its total losses to date are now over $13 billion, according to a new regulatory filing. And in February, its long-running CEO abruptly stepped down, which led to the installation of Winterhoff.
The Gravity was originally supposed to hit the market in 2023. The launch was pushed back a year thanks to the disruptions caused by the COVID pandemic. Lucid did technically start delivering Gravity SUVs in late 2024, although only to employees and people close to the company.

The SUV, which currently starts at $94,000 and gets 450 miles of range, started shipping to regular customers in the last few weeks. But progress has been slow thanks to some of these early production challenges. [Starts at $94,000. I wonder what the "typical price" folks pay for the Lucid?]

Lucid has said it doesn’t expect to grow the volume of deliveries until the back half of this year. And it is not alone in dealing with early-run quality problems. Automakers of all sizes tend to deal with issues big or small as they start building new vehicles. Elon Musk once said in a 2021 interview that he tells friends to wait until Tesla is making new cars at scale before they buy one.

Selling cars makes up the overwhelming majority of Lucid’s business. The company has often said it wants to be a supplier of EV tech to other automakers. To date, it has only inked a deal with Aston Martin, but Winterhoff teased other possible partnerships on Tuesday’s call.

The interim CEO said “several players” have reached out to explore “joint manufacturing” in the U.S., potentially at the former Nikola factory in Coolidge, Arizona, that Lucid is now leasing.

Holy Mackerel!! Trump Supports Nvidia? Details To Follow — May 7, 2025

Locator: 48604NVDA.

NVDA surges today. Using “surge” loosely, but it was a good day for Nvidia shares.

This sure doesn’t feel like a recession.

****************************
Shay Boloor On Nvidia

Link here.

This is just the lede to a long essay:

Brand New Luxury Mercedes-Benz CLA Won't Be Making Road Trips In The US -- May 7, 2025

Locator: 48603EVS.

Updates

June 3, 2025: another incredibly confusing article. Why voltage matters. From the linked article:

And that's a hurdle. For now, at least. "When Tesla decides to go to their higher-voltage chargers, our vehicles will be able to charge at higher powers there,” Karl Holodnick, engineering manager for propulsion and charging at Hyundai America’s Technical Center, said at the Ioniq 9’s press launch in Savannah, Georgia this month. 

These two voltage levels don’t mesh automatically. So Hyundai built hardware into its vehicles, including the Ioniq 9, that can boost a Supercharger’s 400V connection up to the 800V that its batteries are designed for. Still, that process isn't as quick as using a native 800V charger. The Ioniq 9 can take in far more juice at higher-voltage non-Tesla plugs. 

The SUV is able to pull 237 kW of peak charging power, placing it near the top of the EV market. Hence the quick, 24-minute pit stop. On a Supercharger, it’s limited to 126 kW, Holodnick said. But he said the Ioniq 9 should be able to hit that 126 kW quickly and sustain it for most of a charging session.

A 24-minute pit stop is "theoretical, best case." It assumes the all the chargers are working and that this is no waiting to use a charger.

Original Post

Today: luxury car, Mercedes-Benz CLA cannot use most common fast charger in the US -- link here.

The new electric Mercedes-Benz CLA is touted as the next best thing in the EV game. It’s massively efficient and can charge at up to 320 kilowatts thanks to its 800-volt architecture.
You can think of it as a smaller, more affordable Lucid Air. However, unlike the Air, the new CLA comes with a big charging caveat.
It can't use 400V DC chargers.
It all started with a tweet from an EV enthusiast from Norway known as RomingNorway on social media. He posted a screenshot of a section on Mercedes-Benz’s website that said the new CLA can only use 800V DC fast chargers and that the car’s built-in navigation system will only route drivers to compatible stations.

That doesn’t sound like a big deal at first. To take advantage of the lightning-fast charging speeds that the CLA touts, it needs a stall that can deliver 800V.

The problem? Most fast chargers in the United States can’t deliver that voltage and are limited to roughly 400V.

As a result, the new CLA will be limited to a handful of DC fast chargers, which negates all the technological advancements baked into it.

You can have the fastest-charging EV in the world, but its utility is severely limited if you can’t charge it anywhere. [Well, duh!]

Road trips, at least for now, are out of the question.

This seemed like a mistake, so I got in touch with several people at Mercedes-Benz, both in the United States and in Europe.

But it's true: the new CLA EV can’t use 400V DC chargers and can only be recharged at 800V stalls. That said, its ability to charge at home from an AC source is not affected by this rather surprising choice.

*********************************
EV Charging: The Basics
Exhibit A: Why Folks Don't Want To Buy EVs

Original Post

I know very little about cars or car engines, but when shopping for a new car, all I need to know is mpg. One number. Okay, two: city / highway.
  • I never ask about range
  • I never ask about the kind of pump I need to use
I know nothing about electricity and nothing about EVs, but when shopping for a new car, I need to know:
  • type of connector
  • type of charging station 
  • the size of the tire which affects range
  • range on a fully charged battery (see below)
    • a very cold day
    • a “normal” day
    • a very hot day
  • level charging station: level 1, 2, or 3
  • how long does it take to fully charge the vehicle
  • how do I know when it is optimally charged? What is the optimal charging range?
  • advertised range vs actual range (this is more relevant than you will ever realize until after you’ve bought the car);
This is how I understand it (right, wrong, or indifferent) now. This is how I would explain it to Sophia, subject to editing, correcting, and adding more information as I get a better understanding and as technology, batteries, charging stations evolve over time.

The links:
This is the most important graphic. It doesn't require any understanding of anything; just keep the graphic in you mind. 


What to note in the graph:
  • the left side of the graph/chart: 
  • the charging stations you see in parking lots around town
  • measured in kW (you don't even have to know what a kW is -- just know that's how EV charging station ports are "rated;
  • in the example: one charging port is rated at 7.5 kW; the other charting port is rated at 60 kW
  • some existing ports are now rated higher than 60 kW
  • as time goes on, the ratings will increase in size (power)the right side of the chart:
    • this is your car, your EV
    • when you talk to your dealer or to you friend, you will ask about / talk about the "size of the battery" or the "battery's energy" -- or whatever the phrase is
    • if you don't have much money, the EV you buy will have a battery with a lower energy rating, such as 15 kWh in this example;
    • if you are rich, you will be able to afford an EV with a "bigger battery" -- such as 120 kWh in this example
    • like most things in life (but not golf scores), bigger is better
    • buy the "biggest" EV you can afford
Charging: in the graph above -- 
  • when you pull into a charging station, the greater the rating of the charging station, in this case 7.5 vs 56, the faster you can charge your EV
  • so, why doesn't everyone just plug into the the charging port / station with the higher / highest rating, 56 in this case
  • you can't plug your cheap little EV into a charging station that has too much power for your little pathetic EV
  • so, in the example above, if your pathetic little EV is rated at 15 kWh, it cannot plug into a charging unit with a higher rating. 
  • so, in the example above, you can only plug your 15-kWh-rated pathetic little EV into the 7.5-kW-rated charging port / station
And that's all you need to know.

Except for this, in the graph above: the small print.
In the graphic above, the bigger car rated at 120kWh pulls up to the charging unit rated at 60kW. The car takes a charge for two hours. Two (2) hrs x 60 kW = 120 kWh which is what the bigger car in the graph above is rated. 
So, a "big" car with a rating of 120 kWh can be fully charged in two hours if plugged into a charger rated at 60 kW.

If that "big" car with a rating of 120 kWh pulls into a charging station rated at 7.5 kW, it will take .... 120 / 7.5  = 16 hours to fully charge.

Okay, so that's all you need to know.

But there's a lot more one can know if one is interested.

We shouldn't have to say this but an EV rated at 120 kWH can "last longer" (longer range, all things being equal) than a pathetic little EV rated at 15 kWh.
 
*******************************
Charging Stations

Level 1 vs level 2 vs level 3 charging stations
 
Level 1
  • 120 volts — AC
  • your garage
  • absolutely worthless
Level 2
  • 240 volts — AC
  • can be installed in your garage
  • In the Target parking lot
  • at 60 kW, two hours to “achieve” 120 kWh, so four hours to fully charge a soccer mom’s SUV
Level 3
  • 480 volts — DC
  • not at your house, ever

************************
Connectors
 
Connector type: non-Tesla
  • J1772: level 1 and level 2
  • CCS1: level 3
NCAS for all Tesla modelslink here.

***************************
Miscellaneous

Other facts / factoids / opinions / comments:
  • hybrids are fake EVs -- they are the worst thing one can buy in the "EV family" but Ford is now transitioning to hybrids ... more on that later. Ford will sell a lot of hybrids, as well as Toyota will sell a lot of hybrids. That's good for the car companies but bad for you; really bad for the roads (but you won't care about that); and really, really, bad for the environment (again, something you won't care about. You will be happy just knowing that you are part of the EV community).
  • Ford is "going all out" with hybrids. Link here.
  • charging stations prone to “breaking down”; generally, outside of big cities, if the charging station you visit is “out of order,” you are really “out of luck.” If you thought running out of gas is bad, you haven’t experienced the seventh level of hell until you experience a dead battery and a broken charging unit.

 

 

From February 22, 2024:

Locator: 46876EVS.

Part 2 here. Part 3 here. Part 4 here.

This is Part 1.

Mercedes: link here. Just think, if Mercedes, et al, source their lithium from China, their EVs won't qualify for tax credits.



Ferrari: you can do the research, but my hunch is that Ferrari isn't having a stellar year based on EVs, but rather conventional ICEs. Their business is about making fast cars, making money, and not keeping Greta happy.



Rolls Royce:

Ford, Stelllantis, GM: they've all walked back their EV plans. And profits are surging. But look how much they're spending on lithium. Just think, if GM, et al, source their lithium from China, their EVs won't qualify for tax credits.

VW:

Tesla: recently slashed prices on old 2023 models; can't get them sold without slashing prices (speaks volumes); they need to move them, 2024 production models starting to be delivered.

Facts / factoids / observations:

  • EVs are luxury vehicles
  • EVs have been around for a long time and  still struggling;
    • Tesla
      • forgetting about the Roadster, the first Tesla was introduced in 2009
      • three models, not including the rusting Cybertruck, as of 2024
      • three models over fifteen years; prices slashed
  • first adopters have finished adopting
  • automakers are stepping back with regard to EVs

The question is "why?" Why have automakers stepped back from EVs?

Two reasons:

  • folks aren't buying them; and,
  • the margins suck (in fact, most American EVs are being sold at a loss

So, auto manufacturers have two challenges:

  • get folks to buy their cars; and,
  • increase their margins.

Fact:

  • when one is talking margins in the automobile business one is talking $50K+ cars / pickups; and preferably $75K
  • so, we can spend a lot of time talking cost, margins, supply chain, China lithium, etc, but that doesn't interest me
  • what interests me is the second question: other than price, how are auto manufacturers going to get Americans to buy EVs (not as their third car, or even their second car, but their first car and only car(s)?

Why aren't Americans -- other than price -- not buying EVs?

This is what's interesting. No one wants to say the real answer out loud so they make up all these other reasons.

Reasons:

  • range anxiety
  • short range
  • too long to fully charge
    • 30 minutes for a full charge when "on the road" or overnight when home
  • lack of infrastructure: charging points few and far between; when one finds a charging point, a risk of a waiting line; a risk that the charging point is inoperable

So, we can go through a litany of similar reasons why Americans aren't buying EVs, but they're not "reasons," they're excuses.

Excuses:

The Phil LeBeaus of the world and the auto CEOs of the world and EV apologists have a long list of "reasons" why EVs aren't being bought by Americans, but they're simply "excuses."

Even if the range issues and the price issues and the infrastructure issues were all resolved overnight, Americans would not buy EVs to any meaningful degree.

How do I know that?

Look at the stories above regarding Rolls Royce, Ferrari, Mercedes Benz.

If money was to be made in EVs, these manufacturers would be marketing them. Their customers can afford two, three, four or more ICE vehicles and drive their luxury EVs when and where they want -- local and within the 250-mile range.

The fact is, even the rich and famous don't like EVs. And therein likes the problem.

Enough for now. I'll complete this later, but I think folks can connect the dots from here.

But to help those who can't connect the dots, let's say Taylor Swift started an advertising campaign to convince folks not to buy EVs .... 

And then this: imagine a salesman trying to explain charging to a prospective buyer.

But this post just blows me away:

******************************************
Understanding EV Charging

Re-posting.

Locator: 45415B. 

 Updates

December 10, 2023: F-150 Lightning update.

December 10, 2023: EV chargers -- nice update.

August 27, 2023: tech writer for The WSJ buys an EV for the family. The "buying experience" here at "YouTube." Exactly why EVs will not catch on for a long, long time. 

Original Post

I know very little about cars or car engines, but when shopping for a new car, all I need to know is mpg. One number. Okay, two: city / highway.
  • I never ask about range
  • I never ask about the kind of pump I need to use
I know nothing about electricity and nothing about EVs, but when shopping for a new car, I need to know:
  • type of connector
  • type of charging station 
  • the size of the tire which affects range
  • range on a fully charged battery (see below)
    • a very cold day
    • a “normal” day
    • a very hot day
  • level charging station: level 1, 2, or 3
  • how long does it take to fully charge the vehicle
  • how do I know when it is optimally charged? What is the optimal charging range?
  • advertised range vs actual range (this is more relevant than you will ever realize until after you’ve bought the car);
This is how I understand it (right, wrong, or indifferent) now. This is how I would explain it to Sophia, subject to editing, correcting, and adding more information as I get a better understanding and as technology, batteries, charging stations evolve over time.

The links:
This is the most important graphic. It doesn't require any understanding of anything; just keep the graphic in you mind. 


What to note in the graph:
  • the left side of the graph/chart: 
  • the charging stations you see in parking lots around town
  • measured in kW (you don't even have to know what a kW is -- just know that's how EV charging station ports are "rated;
  • in the example: one charging port is rated at 7.5 kW; the other charting port is rated at 60 kW
  • some existing ports are now rated higher than 60 kW
  • as time goes on, the ratings will increase in size (power)the right side of the chart:
    • this is your car, your EV
    • when you talk to your dealer or to you friend, you will ask about / talk about the "size of the battery" or the "battery's energy" -- or whatever the phrase is
    • if you don't have much money, the EV you buy will have a battery with a lower energy rating, such as 15 kWh in this example;
    • if you are rich, you will be able to afford an EV with a "bigger battery" -- such as 120 kWh in this example
    • like most things in life (but not golf scores), bigger is better
    • buy the "biggest" EV you can afford
Charging: in the graph above -- 
  • when you pull into a charging station, the greater the rating of the charging station, in this case 7.5 vs 56, the faster you can charge your EV
  • so, why doesn't everyone just plug into the the charging port / station with the higher / highest rating, 56 in this case
  • you can't plug your cheap little EV into a charging station that has too much power for your little pathetic EV
  • so, in the example above, if your pathetic little EV is rated at 15 kWh, it cannot plug into a charging unit with a higher rating. 
  • so, in the example above, you can only plug your 15-kWh-rated pathetic little EV into the 7.5-kW-rated charging port / station
And that's all you need to know.

Except for this, in the graph above: the small print.
In the graphic above, the bigger car rated at 120kWh pulls up to the charging unit rated at 60kW. The car takes a charge for two hours. Two (2) hrs x 60 kW = 120 kWh which is what the bigger car in the graph above is rated. 
So, a "big" car with a rating of 120 kWh can be fully charged in two hours if plugged into a charger rated at 60 kW.

If that "big" car with a rating of 120 kWh pulls into a charging station rated at 7.5 kW, it will take .... 120 / 7.5  = 16 hours to fully charge.

Okay, so that's all you need to know.

But there's a lot more one can know if one is interested.

We shouldn't have to say this but an EV rated at 120 kWH can "last longer" (longer range, all things being equal) than a pathetic little EV rated at 15 kWh.
 
*******************************
Charging Stations

Level 1 vs level 2 vs level 3 charging stations
 
Level 1
  • 120 volts — AC
  • your garage
  • absolutely worthless
Level 2
  • 240 volts — AC
  • can be installed in your garage
  • In the Target parking lot
  • at 60 kW, two hours to “achieve” 120 kWh, so four hours to fully charge a soccer mom’s SUV
Level 3
  • 480 volts — DC
  • not at your house, ever

************************
Connectors
 
Connector type: non-Tesla
  • J1772: level 1 and level 2
  • CCS1: level 3
NCAS for all Tesla modelslink here.

***************************
Miscellaneous

Other facts / factoids / opinions / comments:
  • hybrids are fake EVs -- they are the worst thing one can buy in the "EV family" but Ford is now transitioning to hybrids ... more on that later. Ford will sell a lot of hybrids, as well as Toyota will sell a lot of hybrids. That's good for the car companies but bad for you; really bad for the roads (but you won't care about that); and really, really, bad for the environment (again, something you won't care about. You will be happy just knowing that you are part of the EV community).
  • Ford is "going all out" with hybrids. Link here.
  • charging stations prone to “breaking down”; generally, outside of big cities, if the charging station you visit is “out of order,” you are really “out of luck.” If you thought running out of gas is bad, you haven’t experienced the seventh level of hell until you experience a dead battery and a broken charging unit.

 

Danish-British Wind Farm No Longer Made Economic Sense -- Hornsea 4 -- May 7, 2025

Locator: 48602WIND.

Two links
:



So, what changed?

UK wind: top story of the day. Orsted cancels major UK offshore wind farm. Link hereWiki here.


Rivian -- Update -- 1Q25 -- May 7, 2025

Locator: 48601RIVIAN.

Rivian: unlike Lucid, having a few problems. Link here. Cuts EV delivery outlook; cites tariff impact.

Regulators:

Press release, link here: for 1Q25 ending March 31, 2025 --

  • produced 14,611 vehicles at its facility in Normal, Illinois
  • delivered 8,640 vehicles during the same period
  • reaffirms guidance of 46,000 to 51,000 vehicles to be delivered in CY2025

CNBC:

  • beat Wall Street's expectations for 1Q25 earnings targets;
  • negatively adjusted its CY25 targets for vehicle deliveries and CAPEX amid tariffs
  • new guidance: deliveries between 40,000 and 46,000 units
  • 46,000 --> 40,000 = a 13% drop in new guidance
  • be careful: companies often emphasize "gross profit" vs "net income."
  • "net income" is a more comprehensive picture of a company's profitability by considering all expenses
  • for Rivian:
  • gross profit: $206 million
  • net income: a net loss of $541 million, much improved over a $1.45 billion loss in 1Q24, one year ago

Production cutbacks: Rivian expects production to be lower in 2H25 as they retool their Illinois plant for R2 production.

Cash infusion: $1 billion expected from Volkswagen Group later this year.

The tariff story is interesting:

"While Rivian has 100 percent US vehicle manufacturing and a majority of its bill of materials (excluding cells) coming from the US or USMCA-qualified, Rivian is not immune to the impacts of the global trade and economic environment."

This certain suggests the company will "blame" any misses on the tariffs which hardly affect Rivian directly.

EV deliveries, 1Q25:

  • Ford Mustang-Mach e / Ford F-150 Lightnings: 4,667
  • Lucid: 3,109
  • Rivian: 8,640

A Picture Is Worth A Thousand Words -- May 7, 2025

Locator: 48600BRK.

Tag: NVDA, BRK-B, Nvidia, Buffett.

Neither pay a dividend.

Performance over past five years, 200% vs 1400%:



BRK: the darling of mom-and-pop investors.

NVDA: what can I say?

Wednesday -- May 7, 2025

Locator: 48599B.

Real ID: kicks in today. Law passed in 2005. Every president kicked the can down the road. President Trump? First 100 days.

UK wind: top story of the day. Orsted cancels major UK offshore wind farm. Link here.

Rivian: unlike Lucid, having a few problems. Link here. Cuts EV delivery outlook; cites tariff impact.

AMD: huge jump in revenue, q/q. Link here. $3.7 billion vs $610 million one year ago.

Vistra: swings to 1Q25 loss. Link here.

*****************************
Back to the Bakken

WTI: $59.64.

New wells:

Thursday, May 8, 2025: 23 for the month, 123 for the quarter, 315 for the year,
41141, conf, CLR, Stangeland 11-7HSL,

Wednesday, May 7, 2025: 22 for the month, 122 for the quarter, 314 for the year,
41261, conf, BR, Tilton Diamond Forest 2A-ULW-R,
40714, conf, Silver Hill Energy, Tank E 156-98-1-12-5MBH,

RBN Energy: Whitewater and Company-led JV expand role in moving Permian gas to coast. Archived.

Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure. But there’s a privately held outlier among them — WhiteWater Midstream, which has developed key gas pipelines in Texas and has been partnering with MPLX, Enbridge and others to own and develop a few more. In today’s RBN blog, we look at the growing portfolio of WhiteWater and the WPC joint venture (JV) and discuss highlights from our new Drill Down Report on Permian-to-Gulf infrastructure projects.

Even amid the economic uncertainty triggered by the ongoing trade war, a long list of publicly held midstreamers — Enterprise Products Partners, Energy Transfer, Targa Resources, Phillips 66 (P66) and ONEOK among them — are developing an even longer list of crude-, gas- and NGL-related projects in the Permian and from West Texas to the Gulf Coast. Gathering systems. Gas processing plants. Pipelines. Fractionators. Export terminals.

WhiteWater Midstream, whose name is familiar to everyone interested in the Permian, is a different animal — a giraffe among zebras, you might say. Austin-based and with financial backing from I Squared Capital and other private-equity sources, WhiteWater was formed in 2016 and has been involved in developing several key gas pipelines and other gas-related assets between the Permian and the Gulf Coast.

WhiteWater and WPC JV Assets and Projects

Figure 1. WhiteWater and WPC JV Assets and Projects. Source: RBN

First came Agua Blanca (dark-purple line in Figure 1). This pipeline system delivers natural gas from a number of processing plants in the Permian’s Delaware Basin to the Waha Hub. Agua Blanca started in 2018 as a 72-mile system with a capacity of 1.4 Bcf/d; it has been expanded several times since then and now has more than 200 miles of pipe and a capacity of more than 3 Bcf/d. The pipeline is currently owned by WhiteWater (75%), Enbridge (15%), and MPLX (10%). The three companies also share ownership of the 400-MMcf/d Carlsbad Gateway gas pipeline system (light-blue line) in the Delaware, which feeds residue gas into Agua Blanca.