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Whistler Pipeline – Acquisition And Service
09/21/2021
On July 1st 2021, the Whistler Pipeline (Austin, Texas) started its commercial service and according to a statement from the consortium which owns the pipeline, it will be adding an additional gas transportation capacity of approx. 2 billion cubic feet of incremental natural gas from the Permian Basin to the Texas Gulf Coast markets.
The Whistler pipeline is a joint venture which is owned by:
- WhiteWater Midstream MPLX
- Ridgemont Equity Partners
- As well as a joint venture between the affiliates of West Texas Gas Inc. and Stonepeak Infrastructure Partners
It is worth mentioning here that the Whistler pipeline is still 100% owned by Whistler Pipeline LLC and the aforementioned ventures signify the consortium makeup of the Whistler Group itself and its joint venture with infrastructure and supply partners.
The Whistler pipeline is of additional importance to WhiteWater after their acquisition of Waha gas storage assets that are located in West Texas, near the gas trading hub from Enstor Gas LLC. Enstor is among the USA’s largest, independent, and most geographically diverse gas storage operators that are headquartered in Houston. It has its eight storage facilities spread strategically across the five states along with facilities in Canada and Alberta. This asset will provide storage facilities to the customers of Whistler Pipelines as they are connected to Agua Blanca’s Waha header system.
The pipeline’s operation will reduce natural gas flaring in the Permian Basin along with providing sufficient and reliable gas takeaway because of which, the delivery points in the Agua Dulce will be able to provide the shippers access to the industrial and export markets of the Gulf Coast. This also includes LNG, which is a big plus. The prospects are still developing and complete applications are yet to be decided.
WhiteWater, the Austin, Texas-based midstream company operates both, Whistler and Agua Blanca. It is also partnered with multiple private equity funds, some of which include names like:
- Ridgemont Equity Partners
- Denham Capital Management
- First Infrastructure Capital
- Ontario Power Generation Inc. Pension Plan
The stats of Whistler’s pipeline include an approximate length of around 450-miles with a 42-inch intrastate pipeline, which will ensure sufficient supply for a multitude of applications such as the provision to local private customers and export. This will be transporting natural gas from the Waha Header in the Permian Basin to Agua Dulce, Texas. This, in turn, will provide the gas direct access to export markets and South Texas. Additional connectivity to the Midland Basin is ensured by the 50-mile 36-inch (approx..) lateral. Whistler pipeline now remains operational and at its peak capacity to ensure regular and effective provision of 2 billion cubic feet of incremental natural gas from the Permian Basin to the Texas Gulf Coast markets.
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Rudolf reindeer VS. Transcontinental Pipeline - Which one moves the presents faster
Well, it’s a Christmas ❄️time again. We all know Rudolf, the hero of Christmas, guiding Santa's sleigh through the night. And then there’s this massive Transcontinental pipeline (Transco), stretching thousands of miles, sending gas all over the place. It's like comparing grandkid's toy car with a real monster truck. So, who's faster in the present-delivery? Rudolf’s magic or Transco's might? That's a tough one, but we'll leave that for you to decide while we kick back with some eggnog.
Black Bear Roars with Success: Mississippi Gas Gathering Assets Sold
Skye MS LLC purchased a package deal from Black Bear, which included over 120 miles of natural gas pipelines and eight active metered locations. Black Bear Transmission LLC, based in Houston, successfully finalized the sale of gas gathering assets owned by BBT Mississippi LLC (BBT MS) to Skye MS LLC of Columbia, Mississippi. The specific amount of the transaction remains undisclosed. BBT MS is the proud owner and operator of a fee-based, natural gas transmission system that efficiently supplies gas to utility, industrial, and power generation customers. It facilitates the connection of wellhead production in Mississippi to regional long-haul pipelines.
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.