Released June 01, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Keystone XL Ruling Likely to Affect Other U.S. Pipeline Projects - In April, a Montana judge ruled the U.S. Army Corps of Engineers authorized pipeline permits to cross streams without properly consulting other federal agencies on endangered species. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will prevent Keystone and other pipelines from using the Army Corps' stream-crossing permit program. It means the two biggest gas pipes under construction - Dominion Energy's (NYSE:D) Atlantic Coast and EQM Midstream Partners LP's (NYSE:EQM) Mountain Valley - are likely to be delayed by several more months as legal battles continue. (Reuters)
PRODUCTION
U.S. Oil Output Fell 28,000 Barrels per Day in March - U.S. crude oil production fell 28,000 barrels per day (BBL/d), or 0.2%, in March to 12.716 million BBL/d, the lowest level since October, the U.S. Energy Information Administration said in a monthly report on Friday. (Reuters)
U.S. Rig Count Sinks to New Record Low - The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29. That was 683 rigs, or 69%, below this time last year and was the fourth week in a row the U.S. count fell to a fresh record low. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PIPELINES
Keystone XL Ruling Likely to Affect Other U.S. Pipeline Projects - In April, a Montana judge ruled the U.S. Army Corps of Engineers authorized pipeline permits to cross streams without properly consulting other federal agencies on endangered species. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will prevent Keystone and other pipelines from using the Army Corps' stream-crossing permit program. It means the two biggest gas pipes under construction - Dominion Energy's (NYSE:D) Atlantic Coast and EQM Midstream Partners LP's (NYSE:EQM) Mountain Valley - are likely to be delayed by several more months as legal battles continue. (Reuters)
PRODUCTION
U.S. Oil Output Fell 28,000 Barrels per Day in March - U.S. crude oil production fell 28,000 barrels per day (BBL/d), or 0.2%, in March to 12.716 million BBL/d, the lowest level since October, the U.S. Energy Information Administration said in a monthly report on Friday. (Reuters)
U.S. Rig Count Sinks to New Record Low - The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29. That was 683 rigs, or 69%, below this time last year and was the fourth week in a row the U.S. count fell to a fresh record low. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
