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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.
This is exactly why I want to go through this again. Dominion is proposing an extension into Green River but that'll only add 3-400 properties.
There is a bigger export pipeline that was bought recently by Dominion.
The big question is whether the aforementioned come under the 'Questar' package of assets recently sold to Southwest....... takes a breath....
Any links appreciated and will delve properly next week.
Hey dsrt, cheers for this.
I'm away at the moment but was looking to do a comprehensive update on the gas stuff next week sometime. Have you got any links for this info please?
Thanks muchly.
With the US SPR deficit underpinning the US oil prices and demand increasing for the US to export gas as well as domestic consumption, US energy is certainly a place of relative safety to me for the next couple of years.
It ties in nicely with the timeline for ZPHR which is why I'm overweight here too.
Good luck to you valparaiso, you've built your position nicely, bouncing out the ususl trading shennanigans in this stock.
Good find KP. We've known about the 'project' since the beginning as it part funded the 16-2 drill but it's reassuring to read about its' wider, long term aims, regarding the fracturing research.
We shouldn't confuse the their project timelines with #ZPHR moneytisation either. As NoOneKnows correctly points out, initial sales will start in earnest when #ZPHR are connected to the gas grid.
This 'project' is about a bigger picture, the longer term vision of dozens and dozens of wells producing at maximum efficiency from the Paradox over the coming years.
That's the bit we as investors are here for.
It's great to be reminded what important collaborators we have on board with this enormous undertaking.
Spotting flaring is it seems a matter of timing luck and image clarity but it's less important now we know things are underway.
Cheers for the clarification SpArmada. The Powerline Rd contract will be a huge step forward to unlocking #ZPHR value when it comes, alongside the Dominion timeline.
I have a strong feeling that it's this 'known unknown' that's holding back more risk averse IIs from coming on board.
Got it, it was SPArmada that thought they might have seen something.
"SpArmada
It looks there was some flaring in the Powerline gas plant, where would that gas come from? Has the construction of the connection of State 16-2 to the gas gathering lines been completed?"
Thanks for clarifying Adon re Powerline Rd. Not sure where I picked it up from but it did seem strangely out of sequence.