Page 12 - NorthAmOil Week 34 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

UPSTREAM intensity and exposure to water stress for an WhiteWater announces
area of operation. Methane intensity measures
Journey Energy announces methane emissions relative to barrel of oil acquisition of Sendero’s
equivalent production.
closing of the private have been conserved since the inception Gateway Pipeline
Over 65mn total barrels of freshwater
company acquisition of Surge Energy’s water recycling program. WhiteWater today announced the acquisition
Additionally, our water pipeline system
of Sendero’s Gateway Pipeline. The 24-
Journey Energy reports that it has closed eliminated approximately 500,000 truck trips inch Gateway Pipeline is connected to
the previously announced private company on local roads and saved over 5mn truck miles WhiteWater’s Agua Blanca pipeline system,
(PrivateCo) acquisition. in 2020 which eliminates emissions associated The Gateway Pipeline extends approximately
The acquisition price was paid via the with diesel trucks. 24 miles north from Reeves County into the
issuance of 3.5mn Journey shares plus “The results of this industry survey are Carlsbad Area.
CAD2.9mn of cash. The shareholders of just the latest example of Surge’s commitment WhiteWater’s investment in Agua Blanca is
PrivateCo voted overwhelmingly in favor to sustainability by being a basin leader in led by First Infrastructure Capital.
of the Journey acquisition with 92% of the water recycling and conservation,” stated CEO WHITEWATER, August 26, 2021
votes cast approving the deal. Production Linhua Guan.
from PrivateCo’s producing wells for the week SURGE ENERGY US HOLDINGS, August 19,
ending August 13, 2021 was approximately 2021 DOWNSTREAM
667 boepd (73% natural gas), which was 9%
higher than the 610 boepd (76% natural gas) US chemical production
reported at the date of announcement on June MIDSTREAM
24, 2021. expands in July
JOURNEY ENERGY, August 19, 2021 Trophy Pipeline announces The US Chemical Production Regional
Surge Energy America open season for Texas Index (US CPRI) rose 1.1% in July following
a 3.5% gain in June and a 5.5% rebound in
announces top quartile Expansion project May, according to the American Chemistry
Council (ACC). During July, chemical output
water and methane Trophy Pipeline today announced it intends rose in all regions, reflecting continued
demand for chemistry products. The US CPRI
to conduct an open season for its Texas
intensity performance Expansion project. Trophy proposes to is measured as a three-month moving average
construct an approximately 3-mile-long
(3MMA).
Surge Energy US Holdings announces top pipeline from a new origin located in Winkler Chemical production was mixed in July
quartile water conservation performance County, Texas to its existing FERC regulated, (3MMA), with growth in the production
in the Permian Basin per an industry crude oil pipeline located in Lea County, New of organic chemicals, fertilisers, adhesives,
benchmarking survey. Mexico. coatings, chlor-alkali, crop protection
Surge Energy recently participated Trophy intends to conduct an Open Season chemicals, synthetic rubber, other specialty
in a benchmarking survey that included to obtain long-term acreage dedications chemicals, and miscellaneous inorganic
freshwater and methane intensity for the Texas Expansion project, which is chemicals. These gains were offset by
comparisons for 13 operators in the Permian expected to be placed into service on or weakness in manufactured fibres and
Basin during the years 2019 and 2020. Surge around October 1, 2021. consumer products.
Energy was a top quartile performer during The open season is scheduled to begin on As nearly all manufactured goods are
these periods. Freshwater intensity measures August 26, 2021, and end on September 26, produced using chemistry in some form,
the volume of freshwater withdrawn from 2021. All bids must be submitted to Trophy manufacturing activity is an important
local sources for fracking operations relative by 5:00 p.m., Central Time, on or before indicator for chemical demand. Following
to the resulting barrel of oil equivalent September 25, 2021 a 0.2% gain in June, manufacturing output
production. The data estimates the freshwater TROPHY PIPELINE, August 26, 2021 continued to expand in July, by 0.7%
(3MMA). The trend in manufacturing
production was mixed, with gains in the
output of motor vehicles and parts, aerospace,
machinery, computers, semiconductors,
iron and steel products, foundries, refining,
oil and gas extraction, plastic products,
rubber products, tires, printing, apparel and
furniture.
Compared with July 2020, US chemical
production rose sharply in July, by 7.2%.
Chemical production was higher than a year
ago in all regions.
AMERICAN CHEMISTRY COUNCIL, August 24,
2021

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