The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, as activity on the long-awaited pipeline ramped up, according to East Daley Analytics.
The line will begin moving 180 MMcf/d to Williams’ Transco pipeline and 137 MMcf/d to Enbridge’s Texas Eastern Transmission Systems near Katy, Texas.
The line first started flowing small amounts of gas in August to September time frame, according to reports. Flowing small amounts of gas is part of a pipeline’s normal startup operation.
The Matterhorn Express is owned by a joint venture including Whitewater Midstream, EnLink Midstream (recently acquired by ONEOK), Devon Energy and MPLX. Whitewater is the line’s operator.
At capacity, the line provides 2.5 Bcf/d of natural gas egress from the Permian region to the Houston area.
According to East Daley, prices at the Waha Hub jumped by $0.34/MMBtu on Oct. 1 to $0.45/MMBtu and then hit $0.62/MMBtu on Oct. 2, joining a nationwide rising natural gas price trend.
Waha prices remain far below the national average. Thanks to low, flat supplies, warmer-than-average weather and storm threats in the Gulf of Mexico, the price of gas at the Henry Hub flirted with $3/ MMBtu for much of the first week of October. Prices have not spent a substantial amount of time above $3 since the beginning of June. On the morning of Oct. 4, the Henry Hub was trading at $2.92/MMBtu.
Recommended Reading
AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?
2024-10-03 - AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to.
APA, Palantir Expand Partnership to Deploy New AI Across E&P Operations
2024-09-25 - APA Corp. will introduce new AI capabilities to its oil and gas operations with Palantir Technologies’ Artificial Intelligence Platform (AIP) software.
ZEMA Global to Acquire Morningstar’s Commodity Data Business
2024-09-23 - ZEMA Global Data Corp. is acquiring Morningstar Commodity Data to meet demand for data and analytics prompted by the global energy transition.
SLB Launches New GenAI Platform Lumi
2024-09-17 - Lumi’s machine learning capabilities will be used to enhance SLB’s Delfi digital platform offering for better automation and operational efficiencies.
PakEnergy Plows Ahead with New SCADA Solution
2024-09-17 - After acquiring Plow Technologies, home of the OnPing SCADA platform, PakEnergy looks to enhance its remote monitoring solutions.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.