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Houston..we have a problem....

7,349,136 Views | 28791 Replies | Last: 1 day ago by one MEEN Ag
GentrysMillTX10
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Anyone know where to get a better map of this pipeline project? We are landowners in Mills county and this is the only map provided in the letter we received in the mail. There's no way to tell if it is actually on, borders, and/or will divide our property. We have reached out to the provided contacts this week with no success. Any help will be appreciated
Bibendum 86
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That project is to move wet gas out of the Permian. That's an entirely different prospect than processing in basin and exporting the liquids and residue from there, and I am highly skeptical this gets built in that configuration.
techno-ag
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Is that the one Apex is doing? I know some people on the OSR it might affect.
Ragoo
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Bibendum 86 said:

That project is to move wet gas out of the Permian. That's an entirely different prospect than processing in basin and exporting the liquids and residue from there, and I am highly skeptical this gets built in that configuration.
it would have to be field treated and dehydrated and there would still be a condensate issue.
BrokeAssAggie
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Keep bugging them until you get an email or call back. They should have detailed plats they can send you.
Bibendum 86
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Ragoo said:

Bibendum 86 said:

That project is to move wet gas out of the Permian. That's an entirely different prospect than processing in basin and exporting the liquids and residue from there, and I am highly skeptical this gets built in that configuration.
it would have to be field treated and dehydrated and there would still be a condensate issue.
And condensate will be an interesting operational hurdle. Alliance was able to solve it, but there's lots more infrastructure in the Permian these days than McMurry in 2000.
birdman
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GentrysMillTX10 said:

Anyone know where to get a better map of this pipeline project? We are landowners in Mills county and this is the only map provided in the letter we received in the mail. There's no way to tell if it is actually on, borders, and/or will divide our property. We have reached out to the provided contacts this week with no success. Any help will be appreciated


The right of way crew is likely just fishing with dynamite right now. They don't know where the pipeline is going exactly. Just putting out feelers and getting people talking at the coffee shop.

When they get zeroed in, they will have legit plats showing your property.
ChemAg15
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Do you pump the condensate around the compressor stations or catch and stabilize the liquids where you can?
aduey06
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I think if there is not an NGL takeaway at each compressor station you will have to have slug catcher and then blow case or pump it down the pipeline. Putting a stabilizer at all those multiple points seems excessive. Unless they are going to pig daily and keep any liquid hold up to a minimal. Some equipment company is going to have a nice project with a bunch of auto launchers. I still don't see why they are trying to move the rich gas unless they really will bypass the Waha deduct or there is a ton of spare capacity in Louisiana. It originates in loving county so I have to think most of that acreage is already dedicated to processing in the area. If they were avoiding FERC to get gas out of the basin I could understand but they are still crossing state lines so need FERC approval.
Bibendum 86
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aduey06 said:

I think if there is not an NGL takeaway at each compressor station you will have to have slug catcher and then blow case or pump it down the pipeline. Putting a stabilizer at all those multiple points seems excessive. Unless they are going to pig daily and keep any liquid hold up to a minimal. Some equipment company is going to have a nice project with a bunch of auto launchers. I still don't see why they are trying to move the rich gas unless they really will bypass the Waha deduct or there is a ton of spare capacity in Louisiana. It originates in loving county so I have to think most of that acreage is already dedicated to processing in the area. If they were avoiding FERC to get gas out of the basin I could understand but they are still crossing state lines so need FERC approval.
What he said
ChemAg15
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There's a reason the industry decided to build all those gas plants in West Texas and then pipe the NGLs to the gulf coast. I don't know how this project makes sense.
Gordo14
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aduey06 said:

I think if there is not an NGL takeaway at each compressor station you will have to have slug catcher and then blow case or pump it down the pipeline. Putting a stabilizer at all those multiple points seems excessive. Unless they are going to pig daily and keep any liquid hold up to a minimal. Some equipment company is going to have a nice project with a bunch of auto launchers. I still don't see why they are trying to move the rich gas unless they really will bypass the Waha deduct or there is a ton of spare capacity in Louisiana. It originates in loving county so I have to think most of that acreage is already dedicated to processing in the area. If they were avoiding FERC to get gas out of the basin I could understand but they are still crossing state lines so need FERC approval.


There was a good rbn energy blog about why they won't actually build this pipeline but it makes sense why they would want to build this pipeline in theory. At the end of the day there's a million reasons why a wet gas pipeline from Permian to GC makes no sense. But they are trying to bypass the established NGL players so it makes sense why they might think it's a good idea in theory.
Comeby!
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Anyone have a link to it?
redaszag99
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https://rbnenergy.com/oceanfront-property-gauging-the-promise-of-the-newly-announced-dela-pipeline
nosoupforyou
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Nat Gas up to $2.21!! What's that all about?

Can it sustain above $2?
one MEEN Ag
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Congrats to all you pseudo gambling degenerates who bought BOIL shares when NG went under $1.70. I hope you recovered your losses from going long NG a year ago.
Comeby!
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nosoupforyou said:

Nat Gas up to $2.21!! What's that all about?

Can it sustain above $2?


I wish I knew what was driving it, but I'll take it.
Comeby!
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Crescent Energy to acquire Silver Bow
nosoupforyou
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They finished the $700 MM acquisition of CHK South Texas in Dec, now this


https://super.news/en/articles/2024/05/16/crescent-eyes-2-1-b-silver-bow-buy-amid-proxy-battle
MAROON
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Haynesville gas production faces summer headwinds as activity hits 3-year low | S&P Global Commodity Insights (spglobal.com)

sushi94
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Comeby! said:

nosoupforyou said:

Nat Gas up to $2.21!! What's that all about?

Can it sustain above $2?


I wish I knew what was driving it, but I'll take it.
Freeport LNG back online, 2Bcf/d demand - Production drop from 104Bcf/d to 97Bcf/d - helping to rebalance storage.
CheladaAg
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There has been some proxy drama between SBOW and Kimmeridge last few months, I'm wondering if this is their out.
Cyp0111
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This was exactly what I was thinking with the board drama.
thegoodag
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What are y'all's thoughts on Wildfire? Wildfire just bought out Apache in Brazos county etc. I have some land that they have wells all around and curious if they will be there investigating in area.
Https://www.prnewswire.com/news-releases/wildfire-energy-announces-eagle-ford-acquisition-from-apache-corporation-and-subsidiaries-302150552.html
jetch17
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anyone heard the rumor or Diamondback making a move on Double Eagle? Surely not with the pending EER merger?

pure rumor mill.
Drillbit4
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Good group, lots of Aggies. They've taken the EF extension and done well. Not sure how much expansion of the play remains. They're private equity backed so they'll be monetizing at some point.
techno-ag
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They have a lot of the old Clayton Williams stuff in that area.
Cyp0111
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I struggle to see how they monetize as not sure there is a public market for these assets at this time. Depending on wellbore count, they could look at one of the ABS deals as those provide higher valuation turn if a PDP asset w minimal acreage value.
one MEEN Ag
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I would assume that wildfire's assets management structure isn't set on flipping wells but extracting as much as possible and then offloading right as the wells become low producing strippers and majority P&A liabilities.
Cyp0111
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Yes, its always that but they;re backed by PE and sooner or later you have to exit to bring forward the value to get the hurdle/payout for mgmt.


With that, curious on how new mgmt. teams are looking at profit splits given change in market dynamics.
one MEEN Ag
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Cyp0111 said:

Yes, its always that but they;re backed by PE and sooner or later you have to exit to bring forward the value to get the hurdle/payout for mgmt.


With that, curious on how new mgmt. teams are looking at profit splits given change in market dynamics.
I mean if a bunch of old retiring oil field operators convinced some random PE to back small, old assets in brazos county on the idea these super sharp PE guys could flip it - more power to them.
Gig-Em2003
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jetch17 said:

anyone heard the rumor or Diamondback making a move on Double Eagle? Surely not with the pending EER merger?

pure rumor mill.
Double Eagle is always for sale. FANG would make sense, they could get it done.
nu awlins ag
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one MEEN Ag said:

Cyp0111 said:

Yes, its always that but they;re backed by PE and sooner or later you have to exit to bring forward the value to get the hurdle/payout for mgmt.


With that, curious on how new mgmt. teams are looking at profit splits given change in market dynamics.
I mean if a bunch of old retiring oil field operators convinced some random PE to back small, old assets in brazos county on the idea these super sharp PE guys could flip it - more power to them.



If anyone can, these guys can. I know all of them.
techno-ag
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one MEEN Ag said:

Cyp0111 said:

Yes, its always that but they;re backed by PE and sooner or later you have to exit to bring forward the value to get the hurdle/payout for mgmt.


With that, curious on how new mgmt. teams are looking at profit splits given change in market dynamics.
I mean if a bunch of old retiring oil field operators convinced some random PE to back small, old assets in brazos county on the idea these super sharp PE guys could flip it - more power to them.

I think it's more lucrative than that. They have some very long laterals in BrazCo and there still plenty pumped there. Granted, a lot of this went in during the early to mid 2010s.
birdman
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Wildfire already had more on their plate than they could say grace over.

The Apache purchase has some Tier 2 acreage, but bulk is Tier 3.

PE have the same exit strategy as everybody else. But you wonder how many companies can afford what they're selling. And do the companies with big money have any interest in this area?
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