Michael Christopher, CFO and chief investment officer at ARM Energy LLC, is today’s Forty Under 40 featured honoree.
Houston-based ARM Energy is currently focused on the continued development of its Salt Creek Midstream project in the Delaware Basin. However, Michael looks back on the commercialization and sale of Kingfisher Midstream this past February as both his most challenging project to date and the one he is most proud of.
“Saying we faced a few hurdles with this project is an understatement, but our knowledge of the space and our agility as a company helped us persevere and create a quality midstream asset,” he said of Kingfisher Midstream.
U.S. crude oil stockpiles last week fell by nearly 10 million barrels, the most since July, boosted by strong export and refining demand, the EIA said.
Stranded gas in the Permian Basin crushes Waha spot prices to around 12 cents/MMBtu.
Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.