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Copano Energy LLC Message Board

moneyonomics 102 posts  |  Last Activity: 3 hours ago Member since: Jan 16, 2010
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  • Reply to

    Update press release

    by rubybell_99 17 hours ago
    moneyonomics moneyonomics 3 hours ago Flag

    It appears off line from 28th may as chr indicated till around time of press release. best part was able to process gas at majorsville but obviously there was a cost to transport, fix houston, etc so some financial impact

    "Plant III is a 200 MMcf/d cryogenic facility that has been offline since May 28th, 2014 after the facility’s heat exchanger was damaged.

    During the period required to complete all necessary repairs to Houston’s Plant III, MarkWest was able to minimize disruption to its producer customers by utilizing its large, high-pressure, rich-gas header system to route gas to the Majorsville complex in Marshall County, West Virginia for processing. ..."

  • Reply to

    ACESS Ethane Cracker Update

    by chrxind Jul 20, 2014 12:59 PM
    moneyonomics moneyonomics Jul 21, 2014 6:06 PM Flag

    Aither must be a dead cat. They held their open season mid 2012 and not a word since then.

  • moneyonomics moneyonomics Jul 17, 2014 11:56 PM Flag

    Have also committed around 66,000 bbls day of ethane

    As previously announced, Antero has signed an agreement to become the anchor ethane supplier for the Ascent petrochemical complex in Wood County, West Virginia. Under the agreement, Antero intends to provide 30,000 barrels per day of ethane to Ascent which represents almost half of the volume required to operate the Ascent ethane cracker that is planned for the Parkersburg, West Virginia site. This agreement is contingent upon Ascent reaching a final investment decision once the multi-year feasibility analysis is completed and a construction decision has been made.

    Additionally, Antero recently signed an agreement to become an anchor ethane supplier to the proposed Shell ethane cracker complex in Beaver County, Pennsylvania. Under the agreement, Antero intends to provide 25,000 barrels per day of ethane to Shell which represents a significant portion of the volumes needed to operate the proposed cracker. This agreement is contingent upon Shell reaching a final investment decision once the multi-year feasibility analysis is completed and a construction decision has been made.

    Antero is committed to a 10 year transport, terminal and storage agreement with Sunoco Logistics Partners LP related to its Mariner East II Project that will connect the NGL resources in the Marcellus and Utica Shale to Sunoco's existing infrastructure and international port at its Marcus Hook facility near Philadelphia. Mariner East II is expected to be operational in late 2016 pending final investment decision which is expected in the third quarter of 2014. Under the agreement, Antero will be an anchor shipper and have firm transportation of 51,500 barrels per day (11,500 barrels of ethane, 28,000 barrels of propane and 12,000 barrels of butane). Antero will have the ability, through the Marcus Hook facility, to market ethane, propane and butane to local markets in the Northeast as well as export product to international markets

  • moneyonomics moneyonomics Jul 16, 2014 4:27 PM Flag

    thanks marv. should have said 700,000 net chevronr and ~610,000 net statoil

  • Marcellus Net Acreage

    -Chevron/Statoil 610,000
    -EQT 560,000
    -Range 530,000
    -Antero 360,000
    -Chesapeake 250,000
    -Magnum Hunter 79,000
    -Rex 54,600
    -Stone 35,200
    -Consol, Noble and XTO net not specifically identified

    Utica Net Acreage

    -Gulfport 179,000
    -Antero 115,000
    -PDC 54,000
    -Rex 4,400

    from investor day presentation

  • and supports the above average growing CAGR

  • moneyonomics moneyonomics Jul 14, 2014 1:30 PM Flag

    this is on top of rrc reporting a while back that they had 40 to 50 years of proved reserves also if my recollection is correct

  • June 2014 presentation-slide 36- many other good slides in presentation


     40 year proved reserve life based on 2013 production

     Reserve base provides significant exposure to liquids-rich projects

    – 3P reserves of over 2.2 BBbl of NGLs and condensate in ethane recovery mode; 33% liquids

  • Reply to

    Latest from SXL on Mriner West-East

    by moneyonomics Jul 12, 2014 5:41 PM
    moneyonomics moneyonomics Jul 12, 2014 8:47 PM Flag

    final post said several communities and a state group of counties (i believe something like that) now protesting sxl using public utility abandonment rights to gain right of way. my comment was sxl in hindsight should have used this abandonment approach initially before stirring up all of the communities against it and was wondering is they will meet their targets in their presentation

  • Reply to

    Latest from SXL on Mriner West-East

    by moneyonomics Jul 12, 2014 5:41 PM
    moneyonomics moneyonomics Jul 12, 2014 6:04 PM Flag

    there are actually 7 parts with community actions down to July 11 but yahoo may have dropped the posts

  • Reply to

    Latest from SXL on Mriner West-East

    by moneyonomics Jul 12, 2014 5:41 PM
    moneyonomics moneyonomics Jul 12, 2014 6:02 PM Flag

    could these community issues delay start up of both mariner 1 and 2 plans by sxl. looks like sxl should have went the public utility route initially before raising all of the emotions instead of late into the project

  • Reply to

    Latest from SXL on Mriner West-East

    by moneyonomics Jul 12, 2014 5:41 PM
    moneyonomics moneyonomics Jul 12, 2014 5:58 PM Flag

    part 5

    WEST BRADFORD – Township supervisors agreed on Tuesday to write a letter to the Pennsylvania Public Utility Commission in opposition of Sunoco Logistics seeking public utility status for its Mariner East project.

    Sunoco is in the process of seeking the designation for its pumping stations and valve controls in 31 municipalities across Pennsylvania for its Mariner East Pipeline.

    The issue first came to light in Chester County in West Goshen, where Sunoco is proposing a pumping station for the line. After appearing before township officials there several times, Sunoco decided to seek public utility status in a move that would allow it to bypass obtaining local approval from the municipalities the line runs through.

    West Bradford Township Manager Tommy Ryan said the letter will be similar to what other local township officials submitted last month by asking the PUC to not exempt Sunoco from following the Pennsylvania Municipal Planning Code and local zoning ordinances.

    West Bradford joins West Whiteland and West Pikeland as well as West Goshen in opposition to Sunoco’s public utility request. In addition, the Chester County Commissioners wrote a letter on June 6 to the PUC asking them to ensure that Sunoco complies with local zoning ordinances.

    Ryan said that such letters are “asking the PUC to consider the application’s effect on local zoning ordinances.”

    The letter will also be in support of the Pennsylvania State Association of Township Supervisors, or PSATS, which sent its own letter “opposing any efforts that might give Sunoco ... the ability to circumvent local control.”

    PSATS submitted the letter to the PUC on April 21, asking the commission to reject Sunoco’s request for public utility status.

  • Reply to

    Latest from SXL on Mriner West-East

    by moneyonomics Jul 12, 2014 5:41 PM
    moneyonomics moneyonomics Jul 12, 2014 5:49 PM Flag

    Part 1

    By Andrew Maykuth, Inquirer Staff Writer-phillynews
    May 01, 2014

    Sunoco Pipeline L.P. said Tuesday that it was switching strategies in its effort to move Marcellus Shale products to Marcus Hook and avoid local zoning hurdles.

    The company said it was withdrawing an application for a controversial pumping station in Chester County on its cross-state pipeline called Mariner East. Instead, Sunoco is concentrating on getting the Pennsylvania Public Utility Commission to rule that it is a public utility corporation and therefore exempt from cumbersome local zoning.

    Sunoco Pipeline was scheduled to appear Thursday before the zoning hearing board in West Goshen, where it has applied for a variance to build a pumping station at Boot Road and Route 202, one of 17 pump stations along its 299-mile pipeline project.

    "The Public Utility Commission's open hearing process, by law, is the appropriate public venue for approval of buildings related to the pipeline," said Jeffrey Shields, a spokesman for the parent company, Sunoco Logistics Partners L.P.

    Sunoco wants to open Mariner East this year to transport Marcellus Shale natural gas liquids such as propane and ethane from Western Pennsylvania to Marcus Hook, whence it would be exported or distributed locally.

    The Mariner East project involves repurposing an eight-inch diameter steel pipeline built in 1931 that delivered refined petroleum products from Philadelphia refineries to Western Pennsylvania. Sunoco is repairing the pipeline and installing new pumps and valves along the route.

    Sunoco has operated a pump station near the Boot Road site for decades, near a 1959 residential development. But the new project has triggered a backlash from residents concerned about safety of the pump stations.

    "I don't think they liked the reception they got last week," said Lilli B. Middlebrooks, a lawyer who represents residents in the zoni

  • =Comprehensive Marcellus Shale Pipeline Solution

    =Strong demand for NGL takeaway capacity out of the Marcellus

    -Successful Open Seasons for both Mariner West and Mariner East 1

    -Open Season Launched for Mariner East 2

    -Marcus Hook Industrial

    =Mariner West

    -Ethane pipeline from Houston, PA to Sarnia, Ontario

    -Line fill commenced 3Q 2013

    -4Q 2013 at ~20 MB/D

    -Ramping up to ~50 MB/D by end of 2Q 2014 (expandable)

    =Mariner East 1

    -Propane and Ethane pipeline from Houston, PA to the Marcus Hook Facility

    -70 MB/D capacity

    -2H 2014: propane start-up; mid-2015: ethane and propane

    =Mariner East 2 (Open Season Launched)

    -NGLs from Marcellus and Utica Shales to Marcus Hook Facility

    -Expected to be operational in 4Q 2016

  • Reply to

    A Tax Question About ETP

    by retired_forever_more Jul 9, 2014 3:40 PM
    moneyonomics moneyonomics Jul 11, 2014 2:55 PM Flag

    priamrily a roc, but also get a portion of sxl and propane co results

  • July 3, 2014 flyonthewall
    08:35 EDT AR, GPOR, MHR Antero Utica wells look 'by far the best overall,' says RBC Capital
    After the Ohio Department of Natural Resources released data on 91 net Utica wells that came online in Q1, RBC says Antero Resources' (AR) Utica wells looked to be "by far the best overall." The firm says Antero had five of the top 10 overall producers on a Boepd basis, and nine of the top 10 wells in terms of oil production alone. RBC views Gulfport Energy's (GPOR) wells as solid and notes Magnum Hunter (MHR) had the best well in the sample with a rate of 3,848 Boepd over eight days.

  • Reply to

    Fractionation primer in gulf today

    by nymarv10956 Jul 3, 2014 10:55 AM
    moneyonomics moneyonomics Jul 8, 2014 4:43 PM Flag

    informative conclusion to second article that at least was not intuitively obvious

    "...Once these expansion plans by EPD, Targa, ONEOK and Lone Star are complete, Mont Belvieu will likely have most (if not all) of the fractionation capacity it will need for the foreseeable future. Why? A big portion of incremental NGL production for the balance of this decade will be in the Utica and the wet Marcellus, and we think most of that new production will be fractionated close to production—that is, in the Utica/Marcellus region itself. In the next episode in this series, we will update NGL production growth, fractionator projects, and NGL-related pipelines in the Utica/Marcellus, and what it all means for Mont Belvieu...."

  • From RBN: In December 2013, Targa announced a joint venture with Kinder Morgan Energy Partners to provide fractionation services in Mont Belvieu to Utica/Marcellus producers that sign up to move mixed NGLs on a joint venture pipeline being developed by Kinder Morgan and MarkWest Energy Partners – the Utica Marcellus Texas Pipeline (UMTP). We understand that the project has yet to receive enough customer commitments to proceed – likely due to competing Utica/Marcellus fractionation. We’ll get back to this issue in a subsequent episode of this blog series. Targa and Kinder Morgan have indicated that two fractionation trains (Cedar Bayou Train 5 and Train 6) of as-yet-unannounced capacity would be built to handle both UMTP and other mixed NGLs.

    Targa executives said during the company’s May 1 quarterly earnings call that, given the increasing production of NGLs in the Permian Basin, the Eagle Ford and the Mid-Continent region, there are other potential commercial needs for the two new trains planned at Mont Belvieu beyond UMTP. Like EPD, Targa is working to expand the potential for NGL-related exports, knowing that the easy ability to ship purity products from Mont Belvieu to overseas customers adds value to Targa’s fractionation service. In September 2013, Targa started commercial operation of the first phase of an export expansion project at its Galena Park Marine Terminal near Houston. Phase I of this project expanded Targa’s export capability at Galena Park to 133 Mb/d of propane and/or butane. (Included in Targa’s Phase I expansion is the capability to export international-grade “low-e” propane, which means propane with an ethane content of less than 2.5%.) Construction is underway on a project to expand Targa’s propane/butane export capacity by another 67 Mb/d, for a total of up to 200 Mb/d. Phase II is scheduled to come online within the next two or three months. By the way, Targa moves product between Mont Belvieu and Galena Park via three pipelines:...

  • Reply to

    next distribution

    by disabledretiree Jun 23, 2014 9:03 AM
    moneyonomics moneyonomics Jul 2, 2014 8:14 PM Flag

    disable so sorry about the Alzheimers. you still spell well. 1.47 for ye 2014 which is generally considered the 4th quarter which is paid in Feb 2015

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