Mountaineer NGL Storage LLC concluded the open season for its natural gas storage project near Clarington, Ohio, bringing in requests for more than 3x the amount of initial planned capacity, the company said May 24.
The project will have capacity to store 2 million barrels (MMbbl) of ethane, propane, butane and y-grade products, with more than 40 Mbbl/d of load-in and load-out.
The stored gas products will serve gas processors, markets and commodity traders interested in exploiting the wet gas production from the Marcellus and Utica shales.
David Hooker, managing director of Denver-based Mountaineer NGL Storage, said that scaled development will begin in late May.
"We'll begin the permitting process for LPG storage, initiating a 3-D seismic shoot over the property, drilling a test well and coring the salt to confirm its suitability for LPG storage," he said.
The project should break ground in early 2017 with a planned in-service date of early 2018.
Recommended Reading
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Pitts: US, Qatar Face off in LNG ‘Olympics’
2024-05-03 - In the LNG exporting space, the U.S. is squaring off with its fiercest competitor, Qatar, with both countries expected to outpace Australia