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No More Gas Flaring: the Permian's Double E Pipeline is brought into service in West Texas
12/13/2021
A natural gas pipeline run by the U.S. energy company Summit Midstream Partners LP has been operational in New Mexico and Texas since Nov. 18.
Double E was built as a joint venture, where Summit holds 70% of the equity. Federal energy statistics estimate the project's cost at $450 million.
Permian Basin producers will benefit from improved downstream market access through this pipeline, possibly fueling new production growth in New Mexico and West Texas. It stretches approximately 135 miles from the Lane Processing plant to the Waha Hub in West Texas, adding approximately 1.35 Bcf/d of flow capacity to the Delaware Basin core.
As a result of its strategic location, Double E will be within reach of at least 20 gas processing plants, including six in New Mexico and one in Texas.
In addition to providing capacity holders with access to West Texas' benchmark Waha Hub, the pipeline also connects key downstream pipelines, including Kinder Morgan's Gulf Coast Express and Permian Highway Pipelines, adding to the system The Trans Pecos Pipeline that connects to the United States-Mexico border.
Due to the fact that the Double E pipeline should be able to transport more than 1 billion cubic feet of gas per day, this amount of gas would be sufficient to supply 5 million U.S. homes every day.
In the Permian Basin, the country's biggest shale oil region, Double E will be the first of several gas pipelines to begin serving customers this year, which should help operators reduce gas flaring in the area. Even though Permian drillers mainly target oil, they also extract a lot of gas.
In the past, many drillers burned off their waste gas because it was impossible to move it or process it in the region due to a lack of pipelines and infrastructure. Yet, as more pipes have been put into service, flare-ups have declined.
This year, Texas has also seen the commissioning of the 2 Bcf/d Whistler, the first phase of the 1.5 Bcf/d Gulf Coast Gemini, the 1 Bcf/d CJ Express, and the 2.1 Bcf/d Permian Highway, now with the addition of fully-operational Double E.
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Ain't Nothing Like a $2 Billion Deal: Oasis Sells Midstream Affiliate to Crestwood
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Crestwood & Oasis Midstream merge to create a top Williston #basin player. $1.8 billion deal is expected to close during the Q1 of 2022. The transaction will result in a 21.7% ownership stake for Oasis in Crestwood common units. The remaining ownership of Oasis in Crestwood will also be of benefit to the company since it will create a diversified midstream operator with a strong balance sheet and a bullish outlook after this accretive merger.
The Final Stretch: Energy Transfer Pushes For Mariner East Project Ahead Of The Stunning Q3 Results
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Energy Transfer's lead in the world's NGL exports booked the company another successive quarter. With a global market share of almost 20%, the company is nigh unstoppable. But will it be enough to, finally, push the Mariner East project over the edge? If everything goes as planned, Mariner East's last segment could be operational by the end of the first half of 2022.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/184Blog_Rangeland Energy Divests Canadian Pipeline to Kingston Midstream.png)
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![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/187Blog_ONEOK Completes Acquisition of Magellan Midstream.png)
The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/186Blog_Viper Energy Secures $1 Billion in Permian.png)
Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.