06062020Sat
Last updateFri, 05 Jun 2020 3pm

Senators Unveil Sweeping Energy Legislation

After a full year of hearings, business meetings, and bipartisan negotiations, U.S. Senators Lisa Murkowski (R-AK) and Joe Manchin (D-WV) released the text of their energy innovation package.

The key provisions in the American Energy Innovation Act focus on energy efficiency; renewable energy; energy storage; carbon capture, utilization, and storage; advanced nuclear; industrial and vehicle technologies; the Department of Energy; mineral security, cyber and grid security and modernization; and workforce development.


EnLink Expanding Presence in Permian Basin

EnLink Midstream LLC recently announced a series of expansion and debottlenecking projects that are expected to add approximately 70 million cubic feet per day (cf/d) of natural gas processing capacity to its Midland Basin footprint during 2020.

“The company is also building its 200 million cf/d Tiger natural gas processing plant in Delaware basin, which remains on track to become operational second-half 2020. Upon completion of the Tiger plant and a 65 million cf/d expansion to its Riptide plant, expected fourth-quarter 2020, EnLink's Permian natural gas processing capacity will be about 1.1 billon cf/d. An earlier 65 million cf/d Riptide expansion was completed third-quarter 2019, bringing capacity to 165 million cf/d,” Oil & Gas Journal reports.

PHMSA Proposing New Pipeline Valve Regulations

The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) is proposing regulations to meet a congressional mandate calling for the installation of remote-control valves (RCV), automatic shutoff valves (ASV), or equivalent technology, on all newly constructed and fully replaced gas transmission and hazardous liquid lines. However, consistent with the mandate, PHMSA recognizes that there may be locations where it is not economically, technically, or operationally feasible to install RCVs, ASVs, or equivalent technology. Therefore, PHMSA is proposing to allow operators to install manual valves at these locations, provided operators have sufficient justification.

U.S. Chemical Production Edges Higher to Start Year

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) edged higher by 0.1% in January following a 0.1% decline in December and a 0.2% decline in November. During January, chemical output declined across all regions except the Gulf Coast.

Chemical production was mixed over the three-month period. There were gains in the three-month moving average (3MMA) output trend of organic chemicals, plastic resins, chlor-alkali, industrial gases, synthetic dyes and pigments, other inorganic chemicals, synthetic rubber, manufactured fibers, and fertilizers. These gains were offset by declines in the output of coatings, adhesives, other specialty chemicals, crop protection chemicals, and consumer products.

Texas Oil Production to Grow at Slower Pace in 2020

Texas’ oil production rose to an estimated 5.4 million barrels per day (bpd) in December, a Rystad Energy analysis shows, and is expected to rise almost every month this year due to sufficient statewide fracking activity levels, but the growth’s pace is seen slowing ahead.

The pace of growth is set to decelerate naturally in the next few months amid a new phase of steepening in base decline. Further activity increases or an upward shift in average well productivity would be needed to achieve material growth in 1Q20. Both events are seen as unlikely in the current environment, but the present activity remains above the balancing point needed to maintain production.

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