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February 4, 2021 – Fort Worth, Texas.
The TCEQ has approved Istmo Energy’s application and issued the corresponding air permits required for the construction of Istmo Energy’s distillate and propane export facility in West Texas. More…
Oilprice.com – Jan. 25, 2021
The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has started to subside to pre-Covid-19 levels after swelling to a multi-year high of 6,548 wells in June 2020. Currently the number of DUCs in the country has slimmed down to around 5,700 wells by the end of December 2020. More…
Source – Bloomberg – January 11, 2021.
Mexico’s richest entrepreneur, doubled down on his bet for the Post-Pandemic refining industry by increasing his stake in PBF Energy and its pipeline company PBF Logistics. by increasing his shares in the company through a deal worth $230 million dollars (PBF). More…
Source: RBN Energy – January 7, 2021
As the year starts, crude and gas production in the Permian basin have begun recovering towards Pre-Covid levels. On the natural gas side, as adequate gas pipeline capacity has finally arrived, a proper outlet for West Texas gas and producers restored curtailments, production has gone back up to 11.7 Bcf/d, which is just shy of where it started in 2020. More…
Source – RBN Energy – January 4, 2021.
The price increase is an example of the strong and rising long-term demand for downstream products, and a contributing factor keeping NGL and ethane demand high as 1/3rd of NGLs end up in steam crackers, as well as 85% of produced ethane. More…
Source: El Economista – Mexico City – January 4, 2021
Refining output and operational capacity continues to deteriorate falling short of its company business-plan amid un-scheduled shutdowns, operational challenges and maintenance related short-falls. More…
Source – Forbes – December 23, 2020.
As Mexico has been welcoming private investment to boost the country’s energy security, the Mexican President “AMLO” teased a progress update by announcing that a private company will be importing US light crude and refining it domestically. More…
November 12, 2020 – Pecos, Texas.
Pecos, Texas is at the epicenter of the prolific Southern Delaware basin oil play. During the industry boom of recent years, tens of thousands of temporary workers slept in Pecos nightly generating a beehive of economic, only to see this influx evaporate during the COVID-19 pandemic along with the source of income and livelihood of permanent residents of the area. More…
November 3, 2020 – Houston, Texas.
In a significant milestone for the Pecos Crude Processing terminal, Kiewit has completed and submitted the project’s FEED package to Istmo and has begun work towards the project’s Lump-Sum-Turn-Key (LSTK) engineering package. The Pecos Crude Processing Export Terminal consists More…
August 31, 2020 – Fort Worth, Texas.
In an important milestone for the Pecos Crude Processing and Export Terminal, after months of negotiation, Istmo Energy and a large importer of fuels from Mexico have signed a long term commitment for the sale of a significant amount of distillates and propane in Northwest Mexico which secures part of the production that will be available at Istmo’s Pecos Refinery. More…
