Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Tallgrass Energy's Open Season for the Pony Express Pipeline Project
03/21/2024
Tallgrass Energy has started a new open season for the Pony Express Pipeline, and this is the second time they're doing it in 2024. They're looking for companies that want to move their crude oil from the Williston Basin and are offering special rates as an incentive. This 30-day event kicked off on March 11. To get the full details, companies need to sign a confidentiality agreement with Tallgrass.
The Pony Express Pipeline, which Tallgrass operates together with Bridger Pipeline, stretches over 830 miles and can handle 230,000 barrels of oil a day. It runs from Guernsey to Cushing, Oklahoma, and includes a side path that can deliver 90,000 barrels a day from Northeast Colorado to Cushing.
In a separate matter, a former board member of Tallgrass, Roy Cook, and four of his friends were in trouble with the Securities and Exchange Commission (SEC) for insider trading. The SEC claimed that Cook found out about a potential deal with Blackstone Infrastructure Partners to buy Tallgrass and go private, and then he told his friends. They all bought Tallgrass stocks before the deal was announced on August 27, 2019. The deal with Blackstone was worth about $3 billion. Although Cook and his friends didn't admit they did anything wrong, they agreed to pay $2.2 million to settle the charges. The SEC's Mark Cave mentioned that they would act against anyone who uses inside information for their own gain.
About Tallgrass Energy
Tallgrass Energy has recently been involved in several notable initiatives aimed at enhancing its energy infrastructure and contributing to environmental sustainability. One of the key projects is the conversion of its Trailblazer natural gas pipeline into a CO2 transport system. This 400-mile pipeline will run through Nebraska, Colorado, and Wyoming, and is capable of transporting over 10 million tons of CO2 per year. In October 2023, FERC approved the conversion of the Trailblazer Pipeline from a natural gas system to a carbon dioxide (CO2) transportation network.
Tallgrass Energy previously partnered with Equinor to pursue large-scale, low-carbon hydrogen and ammonia production projects in North America. This collaboration explored the production, market potential, and associated distribution infrastructure for hydrogen and ammonia, aiming to facilitate broad decarbonization. The partnership included initial co-development activities and the joint funding of a front-end engineering and design (FEED) study focused on large-scale hydrogen production. This study aimed to incorporate capturing at least 95% of CO2 for permanent sequestration.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Exploring ESG in Upstream Operations: Examining Achievements, Obstacles, and Emerging Patterns
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/R130_B_Exploring_ESG_in_Upstream_Operations .png)
ESG considerations are becoming increasingly essential for companies operating in the upstream sector. Failure to address ESG concerns may result in financial and reputational risks, given the growing focus from investors, regulators, and other stakeholders. Companies must prioritize ESG performance and engage with stakeholders to address concerns and mitigate risks. By doing so, they can improve their reputation, attract investment, and contribute to a more sustainable future
U.S. Oil and Gas Drilling 2023-2024 Report: Rigs, Onshore, Offshore Activity, Biggest Companies
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/R249_Blog_ U.S. Oil and Gas Drilling 2023-2024 Report_ Rigs, Onshore, Offshore Activity, Biggest Companies.png)
In January 2024, the United States saw a mix of ups and downs in the number of active drilling rigs across its major oil shale regions and states. Starting with the shale regions, the Permian Basin led with a slight increase, reaching 310 rigs, which is 3 more than in December. The Eagle Ford in East Texas held steady with 54 rigs, unchanged from the previous month. Meanwhile, both the Haynesville and Anadarko regions saw a decrease by 2 rigs each, landing at 42 rigs. The Niobrara faced a larger drop, losing 4 rigs to settle at 27. On a brighter note, the Williston Basin and the Appalachian region saw increases of 2 and 1 rigs, respectively, resulting in counts of 34 and 41 rigs.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/328_Blog_Why Are Oil Giants Backing Away from Green Energy Exxon Mobil, BP, Shell and more .jpg)
As world leaders gather at the COP29 climate summit, a surprising trend is emerging: some of the biggest oil companies are scaling back their renewable energy efforts. Why? The answer is simple—profits. Fossil fuels deliver higher returns than renewables, reshaping priorities across the energy industry.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/327_Blog_Oil Market Outlook A Year of Growth but Slower Than Before.jpg)
The global oil market is full of potential but also fraught with challenges. Demand and production are climbing to impressive levels, yet prices remain surprisingly low. What’s driving these mixed signals, and what role does the U.S. play?
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/326_Blog_USA Estimated Annual Rail CO2 Emissions 2035.jpg)
Shell overturned a landmark court order demanding it cut emissions by nearly half. Is this a victory for Big Oil or just a delay in the climate accountability movement?