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Expansion for TC Energy in Midwest US to cost $800 million

The WR Project, consisting of a series of ventures, is expected to represent a capital investment of about $800 million. Approximately four years after its inception, the project will go into service.

According to the idea, existing lines of the ANR Pipeline Company (ANR) will be expanded to serve markets in the Midwestern United States simultaneously reducing discharge by 30,000 metric tons CO2e per year - equivalent to removing more than 6,500 cars from the road each year.

TC Energy approved the project after ANR secured long-term transportation agreements to meet demand in the Midwest.

The expansion of ANR's natural gas system will provide local area distribution networks and electric producers with an additional natural gas capacity of up to 157,000 dekatherms per day in markets where significant coal-fired and vintage gas generation has recently been retired. Another part of the project will also include the replacement of existing natural gas-powered compressor units with electric motor compressors equipped with fuel switching capability.

In TC Energy's view, if the electric drive units are fully utilized, the electrification of horsepower for the project is expected to result in a 43% reduction in carbon dioxide equivalent emissions at the source. According to the CEO and the president of the company, François Poirier, such an outcome is consistent with its business strategy to optimize an existing footprint while building more sustainable infrastructure and growing organically through an existing corridor.

The project is expected to be operational by the end of 2025, thanks to long-term transportation agreements secured by ANR.

It is anticipated that the company will convert even more natural gas compressors to electric motors in order to reduce the volume of emissions generated from its transmission and storage facilities in the coming years.

To ensure compliance with these objectives, TC Energy is currently working on additional renewable energy projects. A number of initiatives include pumped hydro storage, solar and wind alternatives, carbon transportation, and sequestration, as well as large-scale hydrogen production hubs.

A similar set of upgrades was sanctioned earlier this year by TC Energy for a Lower 48 pipeline in the Northeast. By 2025, the $700 million VR Project will partially electrify the Columbia Gas Transmission system. The project stretches accordingly from New York to the Midwest and Southeast.

The energy industry is undergoing unprecedented growth: due to both an increase in energy demand and a shift toward cleaner energy sources. This has created a significant number of investment opportunities and favorable market conditions to exploit. TC Energy is just one of those who lead this trend.

As such, the company has set itself a goal of achieving net-zero emissions by 2050 with an intermediate point of a 30% emission reduction from its operations by 2030. But whether it will be achieved in time remains to be seen.

If you also share such aspirations or simply want to stay atop of industry trends, do not shy away from contacting us - we have plenty of useful data for you to enjoy.

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The green trend: TC Energy pledges to be carbon-free by 2050

TC Energy, the Canadian gas giant, recently announced its environmental, social, and governance goals, as well as emission reduction strategies. The company aims to become 100% emission-free by 2050 while promising to cut greenhouse gas emissions intensity from its operations by 30% by 2030 as an interim measure.

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.

Oil output in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. Additionally, gas productivity in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Given that this growth has been expected, recent global market changes make forecasting the output even more challenging. Learning how production will change is easier with early activity tracking, a new service recently launched by Rextag – Pad Activity Monitor. With the help of PAM, you are able to monitor well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days. Additionally, it cuts down activity reporting lag times by at least 98%, from 120-180 days down to just 5-8 days. In order to access reports, charts, tables, and mapping visualizations via Rextag’s Energy DataLink use a web-based application allowing users to filter, download and identify activity on a map or data table. Moreover, customers will be able to set up daily, weekly, and monthly email report notifications.

The EIA forecasts that total output in the main U.S. shale oil basins will increase 142,000 bbl/d to 8.761 million bbl/d in June, the most since March 2020. Oil productivity in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. In the largest shale gas basin, the productivity in Appalachia in Pennsylvania, Ohio and West Virginia will grow up to 35.7 Bcf/d in June, its highest since beating a record 36 Bcf/d in December 2021. Gas output in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Speaking of the Permian future output, putting hands on upcoming changes in production has recently been made easier with the new Rextag's service - Pad Activity Monitor. Thanks to satellite imagery and artificial intelligence, customers are able to monitor the oil and gas wells and are provided with near real-time activity reports related to drilling operations. However, it is noticed that productivity in the largest oil and gas basins has decreased every month since setting records of new oil well production per rig of 1,544 bbl/d in December 2020 in the Permian Basin, and new gas well production per rig of 33.3 MMcf/d in March 2021 in Appalachia.

No sooner had the crude prices soared above $100/bbl than the industry professionals believed in an incredible growth of drilling activity in North America’s largest shale patch. Analysts speculate that additional output of 500,000 barrels of oil daily would become a significant part (4%) of overall U.S. daily production. That is going to flatter oil and gasoline prices. Drilling permits in the Permian Basin are persistently growing, averaging approximately 210 at the beginning of April. Moreover, the permits trend is noticed as an all-time high as a total of 904 horizontal drilling permits were awarded last month. Nowadays, learning and analysing the current situation and predicting the future development become easier with early activity tracking, a new service recently launched by Rextag. Rextag's Pad Activity monitor (PAM) allows you to see well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days with the help of satellite imagery and artificial intelligence. While the increase in drilling will result in higher production, U.S. shale producers will have to overcome several hurdles including labor shortages and supply constraints.

2022 blog posts