“We hear a lot from customers that are really looking for help,” said Louis Krannich, CEO of Remote Operations Center (ROC). His clients seek solutions for compliance with a host of federal and state pipeline safety regulations.
How can a midstream company afford to protect both its assets and its profit margins? That’s the question that Midstream Connect explores in this month’s segment.
We visited ROC’s state-of-the-art control room in its Katy, Texas, headquarters. From there, the company monitors 15 pipeline systems in multiple basins across the country. It aims its services at small and medium-sized companies that may be financially hard-pressed to maintain the technology and training necessary to keep up with fast-changing regulations and could use a third-party option.
How will the regulatory environment change in the next six months to a year?
“I don’t think anybody really knows,” Krannich said. “I cannot really imagine a scenario where, over time, the industry doesn’t continually try to raise the bar when it comes to safety.”
Meanwhile, gross natural gas production in the U.S. Lower 48 fell for the first time in a year, sliding in January from a record high the month before, says the EIA.
Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.
Brent oil rose on July 4, driven higher by a threat from an Iranian commander and a drop in U.S. crude inventories for the second week in a row caused by an outage at a Canadian facility.