Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
NGL Energy Partners Sets Open Season for Grand Mesa Pipeline, LLC
07/28/2021
The official open season for NGL Energy Partners LP's fully-owned affiliate Grand Mesa Pipeline, LLC crude oil pipeline will commence on July 9, 2021 (8:00 a.m.) CDT. On August 9, 2021, at 5:00 p.m. CDT, the first season will end.
Grand Mesa Pipeline, LLC is a crude oil provider that serves the Denver-Julesburg Basin by providing takeaway capacity.
The pipeline can receive and batch transport up to 150,000 gallons per day for delivery into the Cushing hub, which allows its carriers access to both United States and exchange trades—purifying and exchanging markets in the Midwest and a refinery on the Texas Gulf Coast.
The pipeline promotes the region's continuous expansion and creation by lowering the present use of rail and wagon transit in a cost-effective and environmentally responsible manner.
Moreover, NGL Energy Partners LP launched an open season in 2016 to obtain guarantees from transporters participating in Grand Mesa's pipeline system delivery. Furthermore, Grand Mesa Pipeline, LLC entered into conveyance service agreements with multiple transporters in preparation for the 2016 open season.
Grand Mesa's scheme’s dedicated bandwidth has already become available again due to additional transporter insolvencies and related agreement terminations. As a result, NGL Energy Partners LP is conducting an open season right now to re-contract available capacity on the Grand Mesa Pipeline, LLC.
The conveyance resources are being provided in this open season procedure under contract terms and conditions that are regarded equivalent to those applicable to dedicated carriers who contracted conveyance service agreements in the 2016 open season, as indicated in the open season documents.
NGL Energy Partners LP Releases A Statement
NGL Energy Partners LP has still remarkably announced the current open season for the Grand Mesa Pipeline, LLC.
With the announced event, NGL Energy Partners LP and the Grand Mesa Pipeline, LLC have gathered clients and investors worldwide, resulting in the growth of both companies. On the other hand, potential customers are given terms and conditions quite comparable to their agreements from 2016.
The transportation services provided via this open season procedure are subject to terms and restrictions that are very similar to those that applied to committed shippers who signed transportation service agreements during the 2016 open season, as detailed in the open season agreements.
NGL Energy Partners: Things Seem to Be Working Out Well
NGL Energy Partners LP transports, markets, stores, and offers other logistic services for a crude oil pipeline, natural gas liquids, and some other products. Moreover, NGL Energy Partners LP is one company that investors may be interested in right now. This is due to the fact that this stock in the oil, gas, refining and marketing sector is experiencing a lot, and it's in excellent hands.
In the meantime, NGL Energy Partners LP seems to be doing very well on its own. Over the last month, experts have been revising their earnings estimates upwards, indicating that they are growing more optimistic about the company's prospects in the medium and long term.
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.
Mountain Valley Pipeline Outlines Plan to Achieve Carbon Neutrality
Mountain Valley Pipeline LLC is aiming to resolve concerns regarding its ecological consequences and energy transition through a newly disclosed plan to buy carbon offsets for its operating emissions.
Williston Basin Overview: 2022 vs 2023, Bakken Shale, Operators, Deals, 2024 Update
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.
Equinor and EQT Corporation have agreed that Equinor will exchange its operated assets in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interests in the Northern Marcellus formation.