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Old 01-21-2022, 12:48 PM   #51
Walker
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Quote:
Originally Posted by AgHntr10 View Post
Tell me you don’t know how pipeline infrastructure works without telling me….
I know enough to know the Texas RR Commission can shut them down if they want
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Old 01-21-2022, 12:58 PM   #52
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I know enough to know the Texas RR Commission can shut them down if they want
Shut them down. But if they own the only pipe going to your facility good luck finding someone else to give you product.
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Old 01-21-2022, 12:59 PM   #53
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Shut them down. But if they own the only pipe going to your facility good luck finding someone else to give you product.
Exactly.
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Old 01-21-2022, 01:00 PM   #54
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Fact: Vistra signed the contract knowingly
Fact: It was single digit temps.
Fact: Prices were bid up due to additional demand. That pricing mechanism shut demand down or switched them to alternate fuels.
Fact: Over 5 Bcf of supply was frozen off at the wellhead
Fact: Wind turbines froze and could not provide power
Editorial: Mother nature provided the record temps. All the rest is arguing over the victim narrative. Ultimately the consumers pay - whether it is a spike every now and then or an increase in rates over the years.
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Old 01-21-2022, 01:20 PM   #55
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95% of Energy Transfer's revenues are fee based with long term contracts, based on volume transported, not commodity price based. That is the norm for most midstream companies and is a little known fact by most. They contract with the producers of the product to TRANSPORT that product at a certain price based on volume, and most long term contracts are "Take or Pay" contracts which mean the producer is paying to reserve space in the pipeline, and the midstream company gets paid whether or not they transport the product or not.

They must have/may have been commodity price based in their dealings with Vista.
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Old 01-21-2022, 01:38 PM   #56
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You can really tell who understands the midstream industry and who does not on this thread.
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Old 01-21-2022, 03:08 PM   #57
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You can really tell who understands the midstream industry and who does not on this thread.
No joke.
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Old 01-21-2022, 03:22 PM   #58
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Yep, they bought Sunoco and several other Texas companies. They employ a lot of Texas folks.
Yes sir…..When I started we were Sunoco. Now we’re Energy Transfer.
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Old 01-21-2022, 04:17 PM   #59
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We have a young man (23) that comes and hunts with us every year. He has lots of physical problems and can barely walk. We were eating one night and a beaker blew in the trailer.
Someone ask Lil Dale if he knew anything about electricity. He said, Yes sir , I know two things. Ya fork with it..it'll kill ya. Ya don't pay your bill they cut it off!
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Old 01-21-2022, 04:40 PM   #60
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That's right. Gang up on the old man. Quote anything I posted that isn't true.
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Old 01-21-2022, 05:24 PM   #61
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Quote:
Originally Posted by Walker View Post
That's right. Gang up on the old man. Quote anything I posted that isn't true.
Who is ganging up on you? What, specifically, are you referring to…Ah mean…to whut are you referring?

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Old 01-21-2022, 05:33 PM   #62
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Besides, if you don’t know the difference between a Mexican and Australian, how can we believe your posts?
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Old 01-21-2022, 05:35 PM   #63
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The only Australian I've ever seen was Mic crocodile Dundee
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Old 01-21-2022, 05:37 PM   #64
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The only Australian I've ever seen was Mic crocodile Dundee
…from your Mr. Inbetween thread.

Now back to your other question…and my question.
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Old 01-21-2022, 05:49 PM   #65
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Quote:
Originally Posted by Walker View Post
What about the price gouging during the big freeze. Energy transfer should be shut down at the state line.
Quote:
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Bernadette, I'm pretty sure the rr commission could shut them down if they wanted to.
Quote:
Originally Posted by Walker View Post
Well, if they were price gouging they could be punished by denying them the texas market. I'm sure there are other suppliers who would be willing to step up. When we have hurricane and gas station and other stores inlets their prices the government slaps them.
Quote:
Originally Posted by Walker View Post
I know enough to know the Texas RR Commission can shut them down if they want
Maybe you explained this and I missed it but if they were price gouging and the RR could've shut them down for it, why didn't they?
And if they were and the RR didn't are these other suppliers you mention demanding investigations into it?

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Old 01-21-2022, 05:59 PM   #66
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…from your Mr. Inbetween thread.

Now back to your other question…and my question.
You got me there.
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Old 01-21-2022, 08:08 PM   #67
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Bump for the entertainment

As I continue processing and sending natty gas down the pipe
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Old 01-21-2022, 08:23 PM   #68
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Bump for the entertainment

As I continue processing and sending natty gas down the pipe
Keep it coming!!!

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Old 01-21-2022, 08:39 PM   #69
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Keep it coming!!!

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Some of it is even ETC going to ETC! The horror!
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Old 01-21-2022, 08:41 PM   #70
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This is a great thread after the last few days of cold weather and 12+hours days in the cold shoving that over priced natural gas in the pipe so people can keep their house nice and cozy.
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Old 01-21-2022, 09:11 PM   #71
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Some of it is even ETC going to ETC! The horror!
You just had to take it there……I was leaving that one alone. Oh the audacity of them. Lol
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Old 01-21-2022, 10:01 PM   #72
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Some of it is even ETC going to ETC! The horror!
You're gonna blow their mind if you start explaining the differences between LNG and NGLs.
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Old 01-21-2022, 10:18 PM   #73
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Originally Posted by 100%TtId View Post
You're gonna blow their mind if you start explaining the differences between LNG and NGLs.
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Old 01-23-2022, 07:33 AM   #74
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I'm just glad SHECO is buying from someone this morning. It's cold on the Prairie.
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Old 01-23-2022, 08:01 PM   #75
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Each customer on a Intrastate pipeline system knows what they are doing when they make an interconnect. Pipeline companies offer/sell multiple services to markets throughout the year to help prevent erratic pricing. Most customers choose not to buy “insurance” services like firm storage contracts, additional supply receipt points, additional firm transport etc. Markets can also choose to lock in pricing for gas via First of the month contracts or they can play the game via gas daily average contracts. Pipelines also offer the same structures to producers who sell the gas. When a event happens if you do not have fixed pricing, sufficient storage and enough firm transport to get your molecules to your delivery point than this is what happens. It’s like the generator situation, everyone wants one during an event but most don’t actually follow through pre or prior due to the “option” cost. If a market called the pipe and wanted gas they knew what the possible exposure should be. Supply and demand 101.


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Old 01-23-2022, 08:24 PM   #76
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Quote:
Originally Posted by Abcdj View Post
We have a young man (23) that comes and hunts with us every year. He has lots of physical problems and can barely walk. We were eating one night and a beaker blew in the trailer.
Someone ask Lil Dale if he knew anything about electricity. He said, Yes sir , I know two things. Ya fork with it..it'll kill ya. Ya don't pay your bill they cut it off!
I laughed at this!
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Old 01-23-2022, 08:27 PM   #77
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We build a lot of stuff for Energy Transfer and just like any company if you don't pay your bill you get cut off. We haven't had that problem with ETC. It's simple. Just pay your bill.
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Old 01-25-2022, 10:04 AM   #78
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As long as Uncle Kelsey keeps signing my checks im good with it! There is more to the story. If you're curious ETC responded with 1 whole page in the Houston Chronicle.

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Old 01-25-2022, 10:00 PM   #79
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Everybody’s lights still on?
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