1 / 11

THE HACKNEY HUB NATURAL GAS STORAGE FIELD Morgan County Ohio

THE HACKNEY HUB NATURAL GAS STORAGE FIELD Morgan County Ohio.

amos
Download Presentation

THE HACKNEY HUB NATURAL GAS STORAGE FIELD Morgan County Ohio

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE HACKNEY HUB NATURAL GAS STORAGE FIELD Morgan County Ohio

  2. Strategically located in southeastern Ohio at the crossroads of four major natural gas interstate pipeline systems and numerous intrastate markets, The Hackney Hub will provide marketing flexibility and maximum exposure to the important gas markets in the northeast.

  3. Ohio Oil and Gas Pipelines as of 1989 The Hackney Hub located in Morgan County, Ohio Ohio is crossed by many interstate and intrastate pipelines The Hackney Hub will have access to these and other natural gas pipeline and marketing systems

  4. The Hackney Hub • From the Hackney Storage Field, encompassing 4,385 acres, through Hackney pipelines, storage gas can be delivered to these and other marketing and transportation systems: • Texas Eastern Transmission • Tennessee Gas Transmission • Columbia Gas Transmission • Rockies Express (REX) • East Ohio Gas • Columbia Gas of Ohio • As well as to area power plants

  5. Hub and Storage Capabilities: 6.2 Bcf Storage Capacity 5 Bcf Working Gas Capacity 90 MMcf per day Peak Deliverability The Hackney Hub

  6. Geology The 4,395 acre Hackney Storage Field will be converted from a producing gas reservoir in the Oriskany Sandstone of the Devonian Age. Reservoir is porous and permeable to accept storage gas Overlain and underlain by impermeable limestones to contain the storage gas

  7. Low Development and Operating Costs • 26 wells owned by Hackney Partners • encompassing 90.4% of oil and gas leases and • 75% of storage rights • Only 8 wells and remaining storage rights • will need to be acquired • Initial Interconnects to Texas Eastern and • East Ohio will require less than 8 miles • of pipeline, only 20 miles to other systems • 26 wells can be converted for storage use • Only 5 new wells must be drilled • Annual operating costs estimated at less than • $500,000

  8. Marketing Strategies Strategies • Proximity to numerous gas pipelines and markets • Multidirectional, high-rate compressors to move gas • in both directions • Rapid injection and withdrawal capabilities • to take advantage of seasonal highs and lows in both • price and demand • Arbitrage mode of operations to take advantage of • interstate pipelines and markets • Flexibility and security for distribution companies, • utilities and end users

  9. The Hackney Hub • Geologically Sound Location • Strategically Located near Pipelines • Low Cost Development • Low Operating Costs • Proximity to Many Gas Markets • Flexibility of Operations • Varied and Profitable Marketing • Opportunities • Project Longevity

  10. Hackneyhub.com Serving the Natural Gas Industry in America The Hackney Hub, 175 Main Street, Lore City, Ohio 43755, 740-685-8266 48647 Sarahsville Road, Caldwell, Ohio 43724, 740-732-6195

More Related