Updated Aug 22, 2024
8/22/24
The Keystone facility, located in the Permian Basin near the Waha hub, is conducting a non-binding open season through Sept. 1 to secure interest in firm natural gas storage services for 1 Bcf of capacity, according to Unocal Midstream & Trade (UMT). Its fourth cavern is expected to be in service by the end of this year.
Weekend price drops were large in the West but fairly moderate at eastern and Permian/Waha points. Declines were in double digits Friday in the Rockies/San Juan/Pacific Northwest and in triple digits at all California points except Malin (which was nearly a dollar lower) as a West Coast heat wave receded and PG&E issued another OFO (see Transportation Notes). But in the East quotes tended to range from flat to down about a dime, and scattered points registered tiny gains.
Virtually all eastern points, along with the Permian Basin/Waha market, yielded to weak weather fundamentals and expectations of another large advance in storage injections by dropping about a dime or slightly more Tuesday. However, a spreading West Coast heat wave kept Rockies/San Juan/Pacific Northwest numbers and those related to the Northern California market strongly on the rise.
El Paso Field Services has scheduled maintenance on El Pasopipeline's Waha GE turbine for April 22-27. During that periodwellhead nominations on six gathering systems (GGOMEZHI, GTORO,GGOMEZLO, GWAHA,GSIBWAHA and GWAHARC) will be cut to zero. Someshippers on those systems may be able to flow gas to Western GasResources or Koch Pipeline, EPFS said, but must have a prior dealwith those entities for the flow days in question. EPFS must benotified of such arrangements by April 19; otherwise, "the shippersmust instruct their various producers to shut in during theduration of the maintenance."
El Paso said Friday its Waha (TX) GE turbine is off-line againdue to a failed coupling on the field gas compressor. If expeditedtemporary repairs over the weekend prove successful, the pipelinesaid, the unit is expected to return to service around Wednesday.Otherwise, a new coupling will be available around April 6; anothershutdown would be required for its installation. The IMLWAHA pointis limited to 65 MMcf/d during the outage.
El Paso's Waha GE will be down for emergency maintenance at 6p.m. today through Thursday, March 25, for field gas compressorbearing replacement.