Replies to This Discussion

Permalink Reply by Rock Man on September 21, 2019 at 17:25

Gas prices will probably pick up this winter year end as a temporary positive "fix", but a bigger concern is the impending completion of the next couple of years of all the gas pipelines bringing that product from the Permian Basin to the Gulf coast. The one I am most familiar with is the 2+ BCF per day Permian Highway line that Kinder Morgan is building. Multiply that volume by 10+ other lines (at least) and prices will be impacted.

Permalink Reply by Skip Peel - Mineral Consultant on September 21, 2019 at 18:21

IEA predicts the US NG demand growth next year will be an additional ~4BCF a day.  The new gas pipelines out of W TX will bring ~4BCF/D of associated gas into the market next year.  Not a good scenario for price growth,

Permalink Reply by Rock Man on September 21, 2019 at 18:27

Skip, I am thinking the W Tx pipelines will be more that 4 BCF/D when all completed considering that the one line that I mentioned is bringing in 2+ BCF per day.

IEA may not be including all these lines that are under construction and/or in planning stage.

Permalink Reply by Skip Peel - Mineral Consultant on September 21, 2019 at 18:50

If memory serves 2 new pipelines will come on line by the end of the year and 2 more in the first half of 2020.  The first 2 have combined capacity of 4BCF/D.

Permalink Reply by Rock Man on September 21, 2019 at 19:14

Did some digging, map from mid 2018 in Houston Chronicle attached as a JPEG file.

• Kinder Morgan Permian Highway 2 BCF per day (not on attached map) 
• Tellurian Permian 2 BCF per day
• N Americo Pecos Trail 2 BCF per day
• Boardwalk Sempra 1.5 to 2 BCF per day
• Kinder Morgan Gulf Coast Express 1.92 BCF per day

If all these come on as planned, new gas flow capacity from the Permian Basin will be over 9.5 BCF per day.

And open up more areas in Delaware Basin (e.g. Alpine High / Apache) for additional drilling that has been slowed down by lack of gas take away capability.

Attachments:

• 526931-15311549386494904.jpg, 45 KB

Permalink Reply by Mister Sunday on September 22, 2019 at 2:42

It's official, I definitely need to get a CNG vehicle!

Permalink Reply by Skip Peel - Mineral Consultant on September 22, 2019 at 3:02

Thanks, Rock Man.  Go for it, Mister Sunday.

Permalink Reply by dbob on September 23, 2019 at 12:27

I've seen a slightly different amount in terms of capacity coming out of Permian - some of the gas may find a home in Mexico and not make it to the Gulf Coast.  IMHO very important.  The second thing to keep in mind is that Appalachia gas and NGLs are also being routed toward the Gulf Coast.  So the thing that is most critical (IMHO) is how quickly export capacity can come online.  If export can roughly keep pace with what is coming in from Permian and Appalachia, we have a chance.    

Permalink Reply by Rock Man on September 24, 2019 at 7:44

Some very good points. Sort of like playing Vulcan multi dimensional chess to try to figure out the options 

Permalink Reply by Chloe on September 25, 2019 at 18:01

Any thing positive is welcome with open arms!  I already purchased a vehicle that is not CNG, perhaps my next one will be...:P       pretty sure I won't be going for a Tesla or a flying taxi!!!

https://electrek.co/2019/09/25/tesla-police-cruiser-runs-out-batter...

I am sure it was user error too blame for the driver who fell asleep in the other auto piloted car...  I believe that was also a Tesla...

https://www.ksbw.com/article/santa-cruz-tesla-driver-who-killed-bic...

       just say-in' not me!!!!   I will drive my self until I can not........then I order in! 

Permalink Reply by Mister Sunday on September 26, 2019 at 3:52

If it's Auto-piloted, why should it matter if you go to sleep?

Permalink Reply by Mister Sunday on October 4, 2019 at 11:03

Almost 518MMcf reported for August.

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