Crude line planned for Powder River basin

Tallgrass Energy Partners and Silver Creek Midstream LLC will jointly develop a crude oil pipeline for Powder River basin production in Wyoming. The 80-mile, 16-in. Iron Horse Pipeline will connect a gathering system and terminal in Converse County with a terminal Tallgrass is building at Guernsey in Platte County. Source: News

MARKET WATCH: Brent settles under $66/bbl, NYMEX under $62/bbl

Light, sweet crude oil prices for March delivery dropped by more than $1 to settle under $62/bbl on Feb. 7 on the New York market while Brent crude oil for April delivery also dropped by more than $1 to settle under $66/bbl. Source: News

US Senate Democrats give floor speeches against draft 2019-24 OCS plan

Nine US Senate Democrats and Independent Angus E. King (Me.) emphasized potential adverse impacts to existing coastal economies as they delivered Feb. 6 floor speeches against the US Department of the Interior’s draft proposed 2019-24 US Outer Continental Shelf management program. Source: News