Title : The Bakken Is An Oil Field, Not A Natural Gas Reservoir -- Or Is It? -- November 27, 2018
link : The Bakken Is An Oil Field, Not A Natural Gas Reservoir -- Or Is It? -- November 27, 2018
The Bakken Is An Oil Field, Not A Natural Gas Reservoir -- Or Is It? -- November 27, 2018
From The Williston Herald:North Dakota’s August gas production alone added 260 million cubic feet per day of gas to daily production totals. By comparison, one world-class gas processing plant would handle 200 million cubic feet per day.
Annualized on a 12-month basis, that kind of growth would require 16 new plants in a year’s time. So far, seven new gas plants have been proposed, adding a little more than one billion cubic feet per day in processing capacity, along with incremental increases of about 40 million cubic feet per day.
The gas production doesn’t come alone, however. There are also NGLs associated with that, which require their own infrastructure. Using a conservative estimate of 6 gallons of NGLs per thousand cubic feet of gas, that would suggest about 40,000 new barrels of NGLs per plant that will also need takeaway and processing infrastructure.
Bakken gas can be as low as 2 NGLs per thousand, but is more often up to 10, making 6 GPM a conservative estimate.
This is absolutely staggering for anyone paying attention. I tend to think I am paying attention but I can hardly keep up. Perhaps I am not keeping up.
But to repeat:
This is absolutely staggering for anyone paying attention. I tend to think I am paying attention but I can hardly keep up. Perhaps I am not keeping up.
But to repeat:
In the Bakken, annualized on a 12-month basis, that kind of growth would require 16 new plants in a year’s time. So far, seven new gas plants have been proposed, adding a little more than one billion cubic feet per day in processing capacity, along with incremental increases of about 40 million cubic feet per day.By the way, it is very, very likely that the Tribal Council will mandate royalties to be paid on natural gas that is flared. Stay tuned.
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