Page 12 - NorthAmOil Week 28

NorthAmOil
NEWS IN BRIEF
NorthAmOil
from Wishbone Energy Partners, LLC in
early April, we began a detailed examination of all existing wells and infrastructure. We have identi ed a great opportunity, not only in adding new wells, but in dramatically improving the e ciencies and production
of existing wells by way of re-works and equipment replacement / upgrading. We
will be releasing our amended 2019 Capex shortly and will go into more detail. We are very pleased with the preliminary results
we are seeing on the NWS property and the continued results we are seeing on our CBP asset. All our forecasts are based on an average Type Curve IP of 86 boe per 1,000 feet, and the average IP of all of our horizontal wells continues to exceed 100+ boe per 1,000 feet. RING ENERGY, July 17, 2019
MIDSTREAM
Longhorn Midstream
launches open season for
the Touchdown crude oil
gathering system in the
Northern Delaware Basin
Longhorn Midstream Holdings today announced that one of its subsidiaries, LM Touchdown Crude II, has launched a binding open season to obtain commitments to support the development of its Touchdown crude oil gathering system in the Northern Delaware Basin. e green eld pipeline system will initially gather crude oil from origination points in Eddy County, New Mexico and deliver to destination points in Eddy County, New Mexico. e binding open season for the initial phase of the gathering system commenced today, July 15, 2019 at 8 am Central time and is scheduled to conclude at 5 pm Central time on August 14, 2019. LONGHORN MIDSTREAM HOLDINGS, July 15, 2019
Energy Transfer announces binding supplemental open season for the Bakken pipeline system
Energy Transfer today announced that its subsidiaries Dakota Access and Energy Transfer Crude Oil Company, (ETCO) launched a binding supplemental open season to solicit additional shipper commitments
for transportation service from the Bakken/ ree Forks play in North Dakota to storage terminals located in Patoka, Illinois and Nederland, Texas through their respective pipeline systems (collectively, the Bakken pipeline system). Dakota Access and ETCO anticipate that incremental capacity on the Bakken pipeline system will be determined based on committed subscriptions made by shippers during the open season in addition to commitments already received for future capacity during the previous open season that concluded in December 2018. e Bakken Pipeline System is operated by a wholly owned subsidiary of Energy Transfer Operating. ENERGY TRANSFER, July 15, 2019
MOVES
Eco-Energy launches
ethanol logistics service,
partners with Eagle
Transport
Eco-Energy, a leading biofuel supply chain company, announces the formation and launch of its Ethanol Logistics Service. is service will extend Eco’s logistics management capabilities to a broader mix of ethanol
buyers and shippers, providing participants with improved visibility and control over their ethanol supply chain performance. e platform technology is centralized on real-
time data capture, monitoring, and reporting to provide participants with the information and resources they need to extract the most value from their supply chain. e service, which is initially focused on truck transport, will begin operations with $25mn+ of annual freight under management. In association with the logistics service, Eco has partnered with Eagle Transport as the preferred truck carrier for the business. In conjunction with this partnership, Eagle will assume certain truck operations currently within Eco-Energy Transportation. is combined platform establishes the largest, asset-backed logistics management service exclusively focused on ethanol.
“Eco is excited to use our expertise and market position to bring an industry leading solution that will enable greater visibility and control across the ethanol supply chain. We recognize a real need to resolve current gaps in ethanol logistics management, as well as proactively address the future constraints
we anticipate in this space. We believe our strategic partnership with Eagle ensures our logistics service has a strong asset backing by a leader in the motor fuels transport space,” stated David Maggied, Eco-Energy’s vice president of transportation.
Lance Collette, Eagle Transport’s president commented, “we are excited to establish a strategic partnership with Eco-Energy. We believe Eco’s Ethanol Logistic Service platform launch is compelling and unique; we are proud to be their leading tank truck carrier for this service. With this venture, Eagle expands our terminal footprint and leverages our southeastern presence to attain an increased level of value-based services to the ethanol and petroleum markets.”
ECO-ENERGY, July 11, 2019
Equitrans Midstream and EQM Midstream Partners appoint Diana M Charletta as president
Equitrans Midstream today announced
the appointment of Diana M Charletta as president of Equitrans Midstream (ETRN) and president of the general partner of EQM Midstream Partners, the company’s publicly traded subsidiary. Charletta will retain her current position of chief operating o cer for both ETRN and the EQM general partner, as well as continue as a member of the EQM general partner’s board of directors. EQUITRANS MIDSTREAM, July 15, 2019
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Week 28 18•July•2019