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360 Articles

Moving Gas: FERC Approves Construction of TransCanada’s Leach XPress and Rayne XPress Pipelines

Moving Gas: FERC Approves Construction of TransCanada’s Leach XPress and Rayne XPress Pipelines

Marcellus, Utica natural gas producers take a step closer to U.S. Gulf Coast markets “The Marcellus and Utica basins – the fastest-growing natural gas supply region in North America – have the lowest development and production costs along with the highest growth prospects of any large basin on the continent.” That’s how TransCanada (ticker: TRP) characterized the upside for Appalachian[Read More…]

Oil & Gas 360 Energy News

DCP Partners Combination Creates Largest U.S. NGL Producer and Gas Processor

Acquisition Simplifies Complex Corporate Structure, Reduces Operating Costs DCP Midstream, LLC announced that it will combine with DCP Midstream Partners, LP (ticker: DPM), simplifying the corporate structure and creating the largest natural gas liquids producer and gas processor in the U.S. The combined company, to be named DCP Midstream, LP and trade under the ticker DCP, will have an enterprise value[Read More…]

Atlantic Sunrise Gas Pipeline Receives Approval

Atlantic Sunrise Gas Pipeline Receives Approval

Williams receives final Environmental Impact Statement for the Atlantic Sunrise project Houston-based Cabot Oil & Gas Corp. (ticker: COG) announced Friday that Williams Partners (ticker: WPZ) received its final Environmental Impact Statement (EIS) from the Federal Energy Regulatory Commission (FERC) for its Atlantic Sunrise project. Cabot holds 850,000 MMBtu/d of transportation capacity on the Atlantic Sunrise project. “The issuance of the final[Read More…]

December 30, 2016 - 3:40 pm 360 Articles, Closing Bell Story, Midstream
Howard Energy Partners Reveille Processing Plant

Veresen Announces New Capital Allocations to Montney Midstream Projects

95% of 2017 Capital Program Focused on Montney, $195 million to Support Liquids-rich Gas Handling Veresen Inc. (ticker: VSN) has announced the sanction of an additional $195 million to new gas processing facilities at Veresen Midstream, further expanding its footprint in the prolific, liquids rich Montney region of Northern Alberta and British Columbia. This builds on the company’s recently announced[Read More…]

December 28, 2016 - 5:10 pm 360 Articles, Canada, Closing Bell Story, Midstream, MLPs
TransCanada Moving Ahead with $655 Million Gas Pipeline

TransCanada Moving Ahead with $655 Million Gas Pipeline

TransCanada’s Saddle West natural gas project will have a transportation capacity of 355 MMcf/d Calgary-based TransCanada Corp. (ticker: TRP) announced Wednesday that the company’s wholly-owned subsidiary, NOVA Gas Transmissions Ltd. will proceed with its $655 million Saddle West natural gas project. The project is expected to increase total natural gas transportation capacity on the northwest portion of the system by[Read More…]

December 9, 2016 - 12:39 pm 360 Articles, Canada, Closing Bell Story, Midstream
New England Natural Gas Pipeline Capacity Increases for First Time in Six Years

New England Natural Gas Pipeline Capacity Increases for First Time in Six Years

Algonquin Incremental Market Project Brings Relief to Gas-Constrained New England Spectra Energy Corporation (ticker: SE) is nearing completion of the first two natural gas pipeline projects completed in New England since 2010. Ten natural gas pipeline projects have been completed or are expected to be completed before the end of 2016, adding an additional 5.9 Bcf/d of capacity according to[Read More…]

December 7, 2016 - 2:41 pm 360 Articles, Closing Bell Story, Midstream, Power Generation
Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Canada added to the onslaught of energy news this week by approving and disapproving oil pipelines. Yesterday’s announcement of two approved pipes will make it possible for Canada to move about 1 MMBOPD to global markets from Alberta’s oilsands. The Trudeau administration approved Kinder Morgan’s (ticker: KMI) Trans Mountain pipeline and Enbridge’s (ticker: ENB) Line 3, while it rejected the Northern Gateway project.[Read More…]

November 30, 2016 - 10:53 am 360 Articles, Canada, Closing Bell Story, Midstream, Oil Sands
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Continuing the recent trend of multibillion-dollar mergers in the midstream sector, Sunoco Logistics Partners L.P. (ticker: SXL) and Energy Transfer Partners, L.P. (ticker: ETP) announced that they have entered into a merger agreement in which Sunoco will acquire ETP in a unit-for-unit transaction worth $20 billion. CEO Kelcy Warren is seeking to merge the two pipeline arms of his Energy Transfer group in[Read More…]

TransCanada Closes $3.5 Billion Common Share Offering

TransCanada Closes $3.5 Billion Common Share Offering

Proceeds to help TransCanada fund acquisition of Columbia Pipeline Group TransCanada Corporation (ticker: TRP) completed its public offering of Common Shares. The Offering was announced on November 1, 2016 when TransCanada entered into an agreement with a syndicate of underwriters led by TD Securities, BMO Capital Markets and RBC Capital Markets under which they agreed to purchase from TransCanada and sell[Read More…]

Mexico’s View on the Next Five Years for Midstream

Mexico’s View on the Next Five Years for Midstream

Mexico’s midstream operator CENAGAS looking to invest more than $7.5 billion by 2020 Mexico’s deregulation of its oil and gas sector has many excited about the possibilities of new business coming down the pipes. A great deal of attention has been paid to exploration opportunities in the country, and Tuesday speakers from Mexico’s midstream operator CENAGAS and mid- and downstream[Read More…]

November 15, 2016 - 5:35 pm 360 Articles, Closing Bell Story, Mexico, Midstream
Positive News for Keystone XL and Cross-Border Energy Projects

Positive News for Keystone XL and Cross-Border Energy Projects

Former Enbridge CEO Daniel sees possible re-application for Keystone XL Former Enbridge CEO Patrick Daniel told BNN today that he is believes Donald Trump’s victory will be positive for cross-border energy pipeline projects, starting with the Keystone XL pipeline, the final application for which was turned down by the Obama administration a year ago after seven years of permitting activity.[Read More…]

November 9, 2016 - 2:12 pm 360 Articles, Canada, Closing Bell Story, Mexico, Midstream, Politics
Colonial Pipeline Gasoline and Jet Fuel Delivery is Critical to the East Coast

Colonial Pipeline Gasoline and Jet Fuel Delivery is Critical to the East Coast

Refined products pipe’s second disruption highlights the value pipelines bring to U.S. consumers Colonial Pipeline’s Line 1 resumed shipping gasoline on Sunday morning, after experiencing its second outage this year on October 31. The Colonial outage continues to highlight the importance of both the Colonial Pipeline system to East Coast markets and the need for flexibility and redundancy in the[Read More…]

November 8, 2016 - 6:48 pm 360 Articles, Closing Bell Story, Midstream
Range Resources Increases Flexibility with North Louisiana Assets

Range Resources Increases Flexibility with North Louisiana Assets

Optionality in Capital Spending and Marketing a Key Benefit of Memorial Merger In its 3Q 2016 earnings call, Range Resources (ticker: RRC) CEO Jeff Ventura discussed the positive outlook for Range following the closing of its merger with Memorial Resources in September and the integration of  the Terryville complex of Northern Louisiana. Ventura highlighted five key positive attributes that the[Read More…]

EPA Releases New Emissions Guidelines for VOCs from Oil and Gas Equipment, Well Sites

EPA Releases New Emissions Guidelines for VOCs from Oil and Gas Equipment, Well Sites

Haynes and Boone looks at new EPA guidelines The U.S. Environmental Protection Agency has published new final Control Techniques Guidelines (CTGs) targeting volatile organic compound emissions from existing oil and natural gas equipment and processes in certain states and nonattainment areas. The agency looked at all the points where it found that emissions can occur throughout the oil and natural[Read More…]

October 26, 2016 - 4:54 pm 360 Articles, Closing Bell Story, Downstream, E&P, Midstream, Regulatory
DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

After Setbacks in Court, Activists Take Matters into own Hands The battle over energy infrastructure draws on. Emboldened by President Obama’s rejection of Keystone XL last year and halting of work the Dakota Access Pipeline, activists have shifted their focus from fracking to protesting pipelines. Pipelines are new flash points for climate activism and are subject to a fairly complicated approval[Read More…]

October 19, 2016 - 6:57 pm 360 Articles, Closing Bell Story, Midstream, Politics, Regulatory
Energy Prosperity Comes in Many Forms

Energy Prosperity Comes in Many Forms

Ethane’s domino effect in Pennsylvania The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from good jobs related to natural gas extraction. But putting people to work drilling and producing natural gas and building pipelines to transport it[Read More…]

October 18, 2016 - 4:56 pm 360 Articles, Closing Bell Story, Downstream, E&P, Midstream
Hunters and Gatherers in the Hottest Oil Play in the U.S.

Hunters and Gatherers in the Hottest Oil Play in the U.S.

The Delaware Basin is becoming an increasingly attractive asset, but takeaway could become an issue The Delaware Basin has become an extremely sought after asset since the decline of oil prices that began in 2014. Even at $50 oil, many operators feel the area offers good returns, and they’re willing to pay for them. The hunters PDC Energy (ticker: PDCE)[Read More…]

October 14, 2016 - 5:13 pm 360 Articles, Closing Bell Story, Midstream
Canada’s Pipeline Approval Process is Approaching FUBAR Status

Canada’s Pipeline Approval Process is Approaching FUBAR Status

Politics + Energy Logistics = Bad Combination When the politics of one kind of energy vs. another overtake the reality of needing to move energy from the source location to the customer’s location, things can get out of whack fast. Just ask Canada. Canada’s First Nations are chasing each other in circles. Some chiefs oppose oil pipelines and energy projects, while[Read More…]

October 4, 2016 - 6:09 pm 360 Articles, Canada, Closing Bell Story, Midstream, Regulatory
Marathon Oil Announces $235 Million Permian Divestiture

Marathon Oil Announces $235 Million Permian Divestiture

Marathon Sells CO2 and Waterflood Assets in West Texas and New Mexico Marathon Oil Corp (ticker: MRO) announced on Monday that it has signed an agreement to sell certain non-operated CO2 and waterflood Permian assets in West Texas and New Mexico for $235 million, excluding closing adjustments. The effective date for the transaction is September 1, and the deal is[Read More…]

Alabama’s Pipe Problem Caused Crude and Gasoline Markets to Freak

Alabama’s Pipe Problem Caused Crude and Gasoline Markets to Freak

Colonial Line 1 Outage and Choked East Coast Gasoline Market Resulted in Record Stock Changes, Supply Imbalances, and Regional Rally Due to a leak detected near Birmingham, AL, Colonial Pipeline Line 1 was placed out of service between September 9 and September 21, with implications felt regionally and worldwide. Gasoline stocks in the Lower Atlantic region plunged as a result,[Read More…]

Outlook Positive for U.S. NGL Production and Exports

Outlook Positive for U.S. NGL Production and Exports

Wells Fargo NGL Snapshot Examines U.S. Supply, Demand, and Fractionation Capacity With the arrival in Norway of the first ethane shipment from Enterprise Products Partners’ terminal in Morgan’s Point, Texas on September 22, Oil & Gas 360® took a look into the current state of the U.S. natural gas liquids market, as outlined in Wells Fargo’s September NGL Snapshot. May[Read More…]

ND U.S. Representative Kevin Cramer

An Exclusive Interview with North Dakota Congressman and Trump Energy Advisor Kevin Cramer

Rep. Cramer discusses the Dakota Access pipeline, what it’s like advising Donald Trump, and his views on having a national energy policy On Sept. 16, a federal appeals court ordered a halt to construction of a second portion of the Dakota Access oil pipeline in North Dakota. Friday’s order comes on the heels of the federal government’s Sept. 9, 2016 announcement[Read More…]

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream Partners receives more than anticipated for IPO Noble Energy (ticker: NBL) announced a public offering for its MLP subsidiary Noble Midstream Partners (ticker: NBLX) last week with the hope of garnering an offer price between $19.00 and $21.00 roughly 10 months after the company postponed an IPO of the same assets. Today, Noble announced that it received $22.50[Read More…]

September 15, 2016 - 6:02 pm 360 Articles, Closing Bell Story, Midstream, MLPs
Obama Administration Halts Work on Dakota Access Pipeline

Obama Administration Halts Work on Dakota Access Pipeline

Administration Overturns Federal Court Ruling, Halts Work on $3.8 Billion Dakota Access Pipeline In a surprise statement on Friday, the Obama administration said that it would not issue the easements necessary for construction to begin on a portion of the Dakota Access Pipeline project planned to run under Lake Oahe in North Dakota, just north of the boundaries of the[Read More…]

Bavaria Will be Short 4 Gigawatts of Electricity when Nuke Plants Shut

Bavaria Will be Short 4 Gigawatts of Electricity when Nuke Plants Shut

Wintershall Chairman Pitches NatGas Power Plants, as Pipelines are already in Place, whereas Transmission Lines would have to be Built to Import Wind-Generation After Germany’s nuclear phase-out in 2022 Bavaria will face a base load shortfall of up to 4 gigawatts, but existing gas pipelines in the North could offer an alternative to new electricity lines. “In 2022, if not before,[Read More…]

September 7, 2016 - 5:43 pm 360 Articles, Closing Bell Story, Midstream, Power Generation
Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge and Spectra will combine to create company with US$127 billion enterprise value Pipeline companies Enbridge Inc. (ticker: ENB) and Spectra Energy Corp (ticker: SE) announced Tuesday that they have entered into a definitive merger agreement under which the two companies will combine in a stock-for-stock transaction which values Spectra common stock at approximately US$28 billion, based on Enbridge’s common[Read More…]

An Exclusive Interview on the Permian Basin with Vaquero Midstream Principal Bill Davis

An Exclusive Interview on the Permian Basin with Vaquero Midstream Principal Bill Davis

The Permian Basin is a hot topic in the oil and gas business these days. But the Permian needs infrastructure and the exploration of the basin is really just beginning, according to Bill Davis, principal and founding partner of Vaquero Midstream. Davis was interviewed by Oil & Gas 360®’s Angie Austin at EnerCom’s The Oil & Gas Conference 21. In[Read More…]

Tailwater Capital Announces $80 Million Commitment to Goodnight Midstream

Tailwater Capital Announces $80 Million Commitment to Goodnight Midstream

Tailwater Capital makes investment into water-handling and disposal company Dallas-based private equity firm Tailwater Capital announced an $80 million initial equity commitment to Goodnight Midstream today. Goodnight Midstream, formerly 1804 Operating, provides water handling and salt water disposal to oil and gas companies, and plans to use the capital to further develop water gathering and disposal facilities in North Dakota,[Read More…]

August 10, 2016 - 7:56 am 360 Articles, Closing Bell Story, Midstream
NGP, EnLink Form $800 Million Midstream JV in the Delaware Basin: an Oil & Gas 360® Exclusive Interview with NGP’s Tony Weber

NGP, EnLink Form $800 Million Midstream JV in the Delaware Basin: an Oil & Gas 360® Exclusive Interview with NGP’s Tony Weber

New Lobo II expansion of EnLink’s existing Lobo System in the Delaware basin is anchored by long-term commitments from major producers; expects to be operational by year-end 2016 Subsidiaries of EnLink Midstream (ticker: ENLK) and private equity fund NGP Natural Resources XI, L.P. have formed a strategic joint venture to operate and expand EnLink’s natural gas, natural gas liquids, and[Read More…]

August 4, 2016 - 3:50 pm 360 Articles, Closing Bell Story, Feature Stories, Midstream
TopSail Energy Acquires Initial Site for Processing Facility and Announces Expansion Plans

TopSail Energy Acquires Initial Site for Processing Facility and Announces Expansion Plans

TopSail Energy announced on July 12, 2016, the company has completed the first acquisition for the newly formed midstream energy company. TopSail acquired a 44-acre undeveloped industrial site in Baytown, Texas with plans to construct a processing facility to recycle and repurpose used motor oil into marketable feedstocks, fuels and additives. Headquartered in The Woodlands, Texas, TopSail Energy was formed[Read More…]

July 12, 2016 - 6:07 pm 360 Articles, Closing Bell Story, Midstream