The available capacity for shippers is 40,000 boe/d, while the pipeline has a total capacity of 150,000 boe/d. (Source: Shutterstock)
NGL Energy announced an open season from Dec. 6 to Jan. 5 for its Grand Mesa crude oil pipeline. The 550-mile pipeline follows a path from the Denver-Julesburg Basin to the Cushing hub terminal in Cushing, Oklahoma.
The available capacity for shippers is 40,000 boe/d, while the pipeline has a total capacity of 150,000 boe/d.
NGL, the sole owner of the Mesa pipeline, held open seasons for the conduit in 2016 and 2021. The current open season allows producers to contract the available capacity at a discounted rate, the company said.
The Cushing hub provides connections to midcontinent refining facilities, as well as to the Texas Gulf Coast. The hub has a storage capacity of 94 MMbbl but thanks to the current market demand for crude, it only had 27.7 MMbbl on site as of Nov. 24, according to the U.S. Energy Information Administration.
Recommended Reading
GeoPark Announces Production Start at Argentina’s Confluencia Norte
2024-11-12 - GeoPark expects production at the Confluencia Norte Block in Rio Negro, Argentina to reach its peak within 90 days of startup.
E&P Highlights: Oct. 28, 2024
2024-10-28 - Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
E&P Highlights: Sept. 23, 2024
2024-09-23 - Here's a roundup of the latest E&P headlines, including Turkey receiving its first floating LNG platform and a partnership between SLB and Aramco.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Sliding Oil Prices Could Prompt Permian E&Ps to Cut Capex
2024-12-03 - A reduction in the rig count would also slow the growth of natural gas output from the region, benefitting gassy Gulf Coast players, according to Enverus.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.