Dry Natural Gas NEWS

BP has informed about first gas from Baltim field two months ahead of schedule. The firm has achieved an initial production rate of around 100 mmscfd. The production rate is expected to increase and reach 500 mmscfd before mid-2020. The production will be divided amongst BP, Eni (contractor), and the Egyptian General Petroleum Corporation. BSW was discovered in May 2016 and is said to have the potential of 610 BCF.

Coming out of its shell and expanding its business beyond natural gas processing, Black Bear Midstream will now enter into “dry” gas market. The company announced on Sept.10 that it has entered into a six-year agreement and will provide dry gas gathering service from late 2018. Presently, Black Bear has a cryogenic gas processing plant in LA of 140 MMcf/d capacity and NGL pipeline of 40-mile.