Saturday, June 04, 2022

Permain Gas Pipeline in Tellurian Bond Filing

Tellurian's Permian Global Access Pipeline is not dead.  A $500 million bond prospectus said:

The proposed Pipeline Network is currently expected to consist of three pipelines, the Driftwood pipeline, the Haynesville Global Access Pipeline and the Permian Global Access Pipeline.

The Permian Global Access Pipeline is expected to run approximately 625 miles from west Texas to southwest Louisiana. Each of these pipelines is expected to have a diameter of 42 inches and be capable of delivering approximately 2 Bcf/d of natural gas.

The cost of $4.2 billion is unchanged from prior estimates.  With inflation that will certainly rise substantially.

PGAP would cross under creeks and rivers that feed San Angelo's water sources.  

Update 2-6-23:  The cost of PVC pipe has soared to the point a City of San Angelo sewer line will more than double from earlier estimates.

A new pipeline, the Matterhorn Express Pipeline will run below our water sources.   

Update 3-10-23:  Tellurian's Chief Financial Officer resigned effective today according to an SEC filing.  The company's Chief Accounting Officer will assume the CFO duties.  That gentleman is a CPA but that means less and less in today's world of ethical lapses and distorted numbers.

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