Locator: 51732B.
WTI: $103.30.
New wells reporting:
- Wednesday, September 16, 2026: 36 for the month, 116 for the quarter, 473 for the year,
- 42027, conf, Oasis, Milkweed 5302 14-36 4B,
- 41720, conf, BR, HBU Hazel 2N, MBH,
- 41636, conf, BR, HBU Badlands 8S MBH,
- Tuesday, September 15, 2026: 33 for the month, 113 for the quarter, 470 for the year,
- 42028, conf, Oasis, Milkweed 5302 14-365B,
- 41996, conf, Hess, EN-Will Trust C-157-94-2215H-6,
- 41993, conf, Hess, EN-Will Trust A-157-94-2734H-4,
- 41727, conf, BR, HBU Hazel 6S MBH,
- 41631, conf, BR, HBU Badlands 8S MBH,
RBN Energy: Enbridge saddles up for expanded crude service with Pony Express acquisition. Link here. Archived.
Enbridge is buying Tallgrass Energy’s crude oil transportation, gathering and storage business for US$2.55 billion in cash. The deal includes a 75% interest in the 1,050-mile Pony Express Pipeline, a roughly 460-Mb/d crude oil system linking Rockies production with the Cushing, OK, storage hub and providing direct access to about 500 Mb/d of refining capacity. Enbridge also gets a 51% interest in the Powder River Gateway system, about 8.4 MMbbl of storage capacity across nine crude terminals, and Stanchion Energy, a crude marketing business. In today’s RBN blog, we discuss what the acquisition means for Enbridge.
First, some background on Tallgrass Energy, a midstream company formed in 2012 and based in Leawood, KS, initially focused on natural-gas transportation. It entered the crude business following its August 2012 purchase of about 432 miles of the existing Pony Express Pipeline (pink line in Figure 1 below) from Kinder Morgan Interstate Gas Transmission. The line had originally been a crude-oil pipeline but was converted to natural-gas service in the mid-1990s. After receiving Federal Energy Regulatory Commission (FERC) authorization in September 2013, Tallgrass abandoned the line’s natural-gas service in December 2013 and converted it back to crude-oil service. It also constructed approximately 260 miles of new pipeline from Lincoln County, KS, south to Cushing, creating the original Guernsey-to-Cushing mainline, which entered commercial service in October 2014.
