Midstream - Pipelines | Midstream - Transportation & Pipelines
WBI Energy Green-Lights Bakken Pipeline Expansion Project
Print
|
WBI Energy, Inc., the pipeline and midstream subsidiary of MDU Resources Group, Inc., will move forward with construction of its Valley Expansion Pipeline Project in eastern North Dakota and western Minnesota.
Click here to access the project in Shale Experts' Midstream Projects Database
WBI Energy has secured the capacity commitments needed for the 38-mile, 16-inch natural gas pipeline that will connect WBI Energy's existing system near Mapleton, North Dakota, with the Viking Gas Transmission Company pipeline near Felton, Minnesota. Survey work has begun on the route and construction is expected to start in early 2018.
Cost of the expansion is estimated at $55 million to $60 million. The project, which is designed to transport 40 million cubic feet of natural gas per day, is under the jurisdiction of the Federal Energy Regulatory Commission, like the existing WBI Energy pipeline system. The company will work with FERC on permitting and regulatory requirements, which will include public-information meetings. Subject to approval by FERC, the Valley Expansion Project is expected to be complete and placed in service in 2018.
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…