8-12-16 End Of Week Pipeline Updates

From this week’s Petroleum News (We recommend subscribing!):

AKLNG sets Mat-Su community meetings 08/14/2016 (Trouble viewing this article? Click here)
The Alaska Liquefied Natural Gas project has scheduled community meetings in Houston on Aug. 23 and in Wasilla onAug. 24. Both meetings will be from 6-8 p.m. Members of the Alaska LNG team will provide project updates and share information about upcoming resource reports. The Houston/Big Lake/Wi….

EIA: US production continues to drop 08/14/2016 (Trouble viewing this article? Click here

Slope drilling down 08/14/2016(Trouble viewing this article? Click here)

The U.S. Energy Information Administration expects U.S. crude oil production to decrease from an average of 9.4 million barrels per day in 2015 to 8.7 million bpd this year and to 8.3 million bpd in 2017. EIA said in its Aug. 9 Short-Term Energy Outlook that the forecast reflects declining producti….

Alternate AKLNG route through Denali 08/14/2016 (Trouble viewing this article? Click here)

The Federal Energy Regulatory Commission is requesting comments on an alternate route for the planned Alaska LNG project where it crosses Denali National Park and Preserve. FERC said in a late July notice that in response to scoping comments and working with federal and state regulators, Alaska LNG….

RCA allows ADR for KBPL tariff revision 08/14/2016 (Trouble viewing this article? Click here)
Kenai Beluga Pipeline requested a substantial tariff increase in late May and in early June filed a petition requesting alternative dispute resolution procedures, including appointment of a mediator. The tariff, an increase from 29.15 cents per thousand cubic feet to 63.98 cents per mcf, was suspen….

More from Canada, Alaska and the Lower 48:

Ontario outlines consultation plan for Energy East pipeline project, CBC.ca. Most of the Energy East project in Ontario would involve repurposing an existing natural gas pipeline with little new construction in the province.

Perceptive observations from our anonymous, Mid-Atlantic energy analyst:

Following up on our note about the “debt wall” facing players in the Oil Service industry, many in the E&P industry is facing similar problems with their lenders. But there is a massive amount money apparently being held specifically to try to pick up “bargains”. This could take the form of asset sales from the E&Ps, buying distressed debt, or actually buying companies ((last resort). The banks may find that their credit issues with E&Ps will be greatly relieved by the PE firms (whose business model is completely antithetical to the E&P business model. Pes require cash flow; E&Ps destroy it).

We view this as a negative for the industry, if one’s focus is on getting crude oil and natural gas prices to move up. The sharks are entering the Oil Patch with purchased assets at a much lower cost basis that will allow the operating properties to throw off positive cash flow at the current prices at time of purchase, or lower. The properties will continue to operate on that basis.

About the Author: wpnorthern

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission. He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School. Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations. Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska. Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power. He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress. Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.