Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
B'jesus Darien! You've got out of the wrong side of bed this morning. No flowers from the missus?
It seems that they're rightly being more cautious with timescales and we even sqeezed a 'line' about 16-2.
Williston update should be this week too, judging on normal timescales.
So Seekinvalue claimed:
"Further to that I posted the current rate of production as reported for February 23. And the production is not materially different in my opinion and certainly isn’t prolific."
but what he meant was:
I posted the data for the 12 days testing that was done in December ...
(note it does look as though the "report period" is actually for the month starting that date, looking back to the 2021 testing dates points to this.
So what can we read from this data? Sod all really as we have no idea about contraint rates, time flowing etc etc It needs fuller context to be added.
One thing that can be gleaned is that the water return rates have massively dropped off as they said they would.
Now, should this info be in a public sphere prior to an RNS? Probably not, especially considering the probable price volatility resulting.
Lol Seekin so obviously you didn't keep a copy and now it's been removed.....
Sorry Setanta, that's obviously @ Seekin
Still no link to the well log - you've been asked multiple times and never provided it.
The longer this goes on, the more it starts to look like a telegram tree shake and your credibility suffers.
Seekin, it may actually help if you post the link to reference the current well log data
Seekin, those logs are from before the production test commenced?
Nice thanks Duffs, yes Gunnison Valley Unit , I recall it now. I guess the 3D didn't lend itself to following them up.
Great find Duffs.
Anyone recall GVU 29 - 1 or GVU 22-1? Two Rose wells with approved permits that I don't remember being mentioned directly before??
Adon, another couple of nice finds again thanks. And yes you were the first to find the 16-2 pipeline application which will link into the 6" gathering lines purchased by #ZPHR as per the presentation map (Nov 22).
As for the current owner of the 'Paradox' or 'Greentown pipeline' as it seems to be called, what we can say is that whoever it is, they are pushing forward with their investment.
The link below is regarding the shutting down of that pipeline and the 6" gathering lines when they were being run by Pacific.
It's a whole load of technical argument about which regulations should be applied and we know that the State won. What is fascinating for us lay persons is the explanation about how the stages of gas processing progress through the different facilities.
https://www.phmsa.dot.gov/regulations/title49/interp/PI-18-0015
Page 20/33 November 22 #ZPHR presentation, the map shows us the gas connections including the new proposed 'Dominion' pipe to Green River eminating from end of the 16" 'Paradox pipeline"/Powerline Rd plant (is this now called 'Greentown Dew Point Control Plant'?)
It also shows our recently purchased 6" gas gathering infrastructure leading into the Powerline Rd which the 16-2 connection pipeline is going to connect to:
https://eplanning.blm.gov/eplanning-ui/project/2022212/510
OK now I have found a clearer reference which indicates that all of the local gas infrastructure is now in Williams' ownership.
Link below is an application for the new Green River 6" connection started by Dominion and filed on 2nd Feb. It shows the applicant as being "Questar Gas Company dba Dominion Energy".
https://eplanning.blm.gov/eplanning-ui/project/2023341/510
As earlier in the thread, Questar was sold to Southwest, then sold on to Williams.
Seekinvalue this has been mentioned several times already regarding the technical difficulties to be overcome foe getting this field flowing.
It would be useful though if you could provide a link as there may be some more data asking for an extension of the extended test as they are clearly over 30 days (or is the licence for working days??)
I cannot find any direct reference to be 100% sure of the current owner of the 'Paradox pipeline', but it would be strange for Dominion to sell up an entire package of assets in the area, just leaving this one pipeline and expansion project to Green River. Incidentally lots of documents/pages referring to gas in Utah have also been removed from their website.
Hence whilst being fairly certain that the asset is now in Wiliams' hands, and that this should simplify (not necessarily speed up) our export process, this has got to be the biggest topic of interest at the next CH interview/webinar.
The 'Paradox pipeline' was closed in 2019 by the Utah authorities due to its owner PEMC not complying with 'safe practices'.
https://commerce.utah.gov/2019/04/12/moab-natural-gas-pipeline-shut-down-operator-fined-100k-after-investigation-by-utah-division-of-public-utilities/
This pipeline appears to be the one purchased by Dominion (referred to in several #ZPHR RNS) as part of their plans to offer retail gas supply to nearby Green River (cannot find a direct reference). Subsequently it appears to be part of the portfolio of assets which was purchased by Williams in Dec 2022.
The interesting bit is that Williams already owned the main pipeline that it connects to: "Williams’ pipeline tap near the Archview Resort northwest of Moab, Utah" again in the above article.
So now at least our BOD should have a simplified export partner situation but it's definitely something to question in detail at the next webinar.
I've been starting to look at the whole gas subject and this has all happened in the last 2 years.
Our gas export connection is with:
PEMC
sold to
Dominion
rebranded as
Questar
sold to
Southwest
rebranded as
MountainWest
sold to
Williams
The mind boggles. The market for gas is cooking.
Bubble, besides any technical 'closed period' on the test results, if they sell any hydrocarbons produced before 10-2, they have to give 25% to RSOC. The day after it's all ours.
My path of reasoning for 16-2 is simply this:
"Production data from the test will be released at the conclusion of the test" The production data is market sensitive, positive or negative.
After the start of the test they announced a deal to buy the other 25% of the 'business'...
Is it just possible that it's easier to go with weather delays etc and not rush the test end until after the transaction completes???
Indi the Paradox has a history of being a bit gassy, which is why the pipeline infrastructure is there in the first place. The oil can be trucked out.
As #ZPHR has signed up to ESG, the gas can't be flared and frankly I doubt we'd of got drilling permission without it, as 'standards' have gone up and there has been 'local' opposition to flaring not far away.
Secondly it would simply be a waste of $$$ not to gather and sell the gas.