Kinder Morgan officially made its first delivery of ethane-propane (E-P) mix from the Conway hub to Sarnia, Canada, via the Cochin Pipeline in June. The pipeline has the capability of delivering up to 30,000 bbl. per day of E-P mix, which will be increased to 50,000 bbl. per day in mid-July 2012.
The actual transportation volumes will depend upon shipper nominations, but the service should help alleviate the tremendous backlog of E-P mix at the Conway hub by providing producers with another outlet for their volumes in the region.
Operators aren’t seeing a noticeable impact on prices at Conway thus far because ethane prices continue to trade below $0.10 per gallon, while propane price levels have been about $0.50 per gallon.
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Why Endeavor Energy's Founder Sold His Company After Years of Rebuffing Offers
2024-02-13 - Autry Stephens', the 85-year-old wildcatter, decision to sell came after he was diagnosed with cancer, according to three people who discussed his health with him.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.