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Enterprise Products has executed additional contracts on the Midland-to-ECHO crude oil pipeline system.

The execution of these additional agreements brings total committed volumes on the Midland-to-Sealy segment of this system to 335,000 barrels per day (Mbbl/d), which represents approximately 83% of the segment’s ultimate committed capacity of 405 Mbbl/d.

Total capacity for the pipeline segment will be 450 Mbbl/d, which will include 45 Mbbl/d of “walk-up” capacity.

Source: Enterprise Announces Additional Contracts For Midland-To-ECHO Pipeline System.  |  Midstreambusiness.com

 

Midstream Crude Oil
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Southland Royalty sold its San Juan Basin assets to MorningStar for $17.3 million. We go over the basics with an emphasis on the data needed to evaluate Southland Royalty's acreage in the San Juan Basin.

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As demands for water management solutions increase, service companies are looking for new ways to optimize their ability to recycle and store this water.

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As you know the US Oil Rig Count has dropped by over 20% from January to December 2019. In Texas we saw oil rigs count dropping over 30% in that same time frame.