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U.S. Oil and Gas Industry Sees no Supply Chain Threat from Coronavirus — API

U.S. Oil and Gas Industry Sees no Supply Chain Threat from Coronavirus — API

“The supply chain is operating as normal now and you’re going to see that continuing unless there is any additional … shelter-in-place restrictions or larger outbreaks,”

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Tumbleweed Midstream

Tumbleweed Midstream Acquires Ladder Creek Helium Plant and Gathering System from DCP Midstream

The acquisition of the Ladder Creek Helium Plant and Gathering System represents a significant opportunity for Tumbleweed Midstream,” said Tumbleweed CEO Durell Johnson. “The U.S. is the world’s largest helium producer. At the same time, the world supply of helium is suffering from a multiyear shortfall. This has boosted prices for natural gas with a high helium content and has begun to raise red flags in industries that depend on helium. The growth of Ladder Creek’s helium operations starts with delivering our current customers superior economics with the highest level of service. The helium is there, it’s highly valuable and by extracting it Tumbleweed can return premium netbacks to the producers in the region.

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Google and Amazon are now in the oil business

Google, Microsoft, and Amazon have been very vocal about their efforts to reduce the world’s dependence on fossil fuels. But as the Wall Street Journal and Gizmodo have reported, these same companies are currently teaming up with the fossil fuel industry to help them squeeze as much oil and gas out of the ground as possible.

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