Quick Hits in the Industry

 

  • NuStar Energy L.P. based in San Antonio announced the start of its Binding Open Season involving an expansion of its NuStar Permian Transportation and Storage LLC’s Permian Crude System. The expansion will provide more transportation capacity capable of reaching several downstream markets through interconnects at Colorado City, Texas.
  • Ring Energy, based in Midland,  Texas released an operations report ending Dec. 31, 2017 showing it drilled 19 new horizontal San Andres wells in the Central Basin Platform. Sixteen were a mile long and three were 3/4 of a mile in length. The company has 20 others in various stages of completion.The one-year old Trilogy Midstream Investments LLC has added NGP as a partner. Trilogy Midstream was founded in 2017 by Jerry Dearing, Dave Marye and Drew Tingleaf who worked together for almost a decade at NET Midstream, which was sold to NextEra Energy Partners for $2.1 billion in 2015.

Both Trilogy and NGP made what are called “significant capital commitments” in support of the company strategy to develop midstream infrastructure along the Gulf Coast.

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