Midstream

Constellation Energy Partners will Rebrand as Sanchez Production Partners LLC

Constellation Energy Partners will Rebrand as Sanchez Production Partners LLC

New Ticker Symbol Scheduled to Take Effect Monday, Oct. 6, 2014

After the close of the markets on Friday, Constellation Energy Partners LLC (NYSE MKT: CEP) will change its name to Sanchez Production Partners LLC (NYSE MKT: SPP). Constellation Energy …

October 2, 2014 - 5:39 pm Midstream, Oil and Gas 360 Articles
Magnum Hunter Resources Achieves Record Well in the Utica: 46.5 MMcf

Magnum Hunter Resources Achieves Record Well in the Utica: 46.5 MMcf

Takeaway Record for Eureka Hunter Follows

Magnum Hunter Resources (ticker: MHR) is betting big in the Marcellus/Utica, and a company announcement on September 24, 2014, supports its assessment. The Stewart Winland 1300U well in Tyler County, West Virginia, returned an …

September 29, 2014 - 5:21 pm Midstream, Oil and Gas 360 Articles
NiSource Joins the Crowd with New MLP Spin Off

NiSource Joins the Crowd with New MLP Spin Off

NiSource Inc. (ticker: NI) said yesterday it will file a registration statement for an IPO of common units for a new MLP whose assets will consist of a 14.6% interest in CPG OpCo LP, which will own the natural gas …

September 29, 2014 - 5:08 pm Midstream, MLPs, Oil and Gas 360 Articles
Higher Electricity Prices Coming From Constrained Pipeline Capacity

Higher Electricity Prices Coming From Constrained Pipeline Capacity

In a press release out yesterday, the House of Representatives Energy & Commerce Committee warned there was bad news for New England households and businesses:  electricity supplier National Grid told customers that they can expect to see significantly higher power …

September 26, 2014 - 5:40 pm Midstream, Oil and Gas 360 Articles, Regulatory
ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK has laid enough pipe to go from Dallas to NYC five times and it’s not nearly enough.

The current state of the United States oil and gas industry is indicative of a foot race between two Olympic athletes. In …

September 23, 2014 - 6:13 pm Midstream, MLPs, Oil and Gas 360 Articles
While Estimated Costs Double, 42,000 U.S. Workers Sit Idle, and Still No Keystone XL Pipeline

While Estimated Costs Double, 42,000 U.S. Workers Sit Idle, and Still No Keystone XL Pipeline

After six years and 17,000 pages of environmental studies, TransCanada (ticker: TRP) is still waiting alongside an estimated 42,000 U.S. workers who could fill direct and indirect pipeline-related jobs. Sitting in the queue is the remaining 1,200 miles of oil …

September 22, 2014 - 6:11 pm Midstream, Oil and Gas 360 Articles, Regulatory
Oklahoma: Continental Resources Discovers the Springer Shale

Oklahoma: Continental Resources Discovers the Springer Shale

“We bought one shale and got another one for free.”

Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012.

The Springer Shale is Unveiled

Shale Boom Benefits Keep Piling Up

Shale Boom Benefits Keep Piling Up

The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% …

September 17, 2014 - 7:09 pm Fracing, Midstream, Oil and Gas 360 Articles
Proposed Projects Would Move Colorado Oil to Oklahoma, California

Proposed Projects Would Move Colorado Oil to Oklahoma, California

Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal.

When …

September 16, 2014 - 6:49 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Mexico Oil Privatization will Result in “Profound Changes”

Mexico Oil Privatization will Result in “Profound Changes”

For the first time since 1938, Mexico’s oil frontier is open for business.

Mexico’s newly privatized oil industry was officially signed into law on August 11, 2014, ending Petróleos Mexicanos’ (Pemex) 76 year nationalization reign on the country’s hydrocarbon resources. …

Alaska, Russia Race toward LNG Exports

Alaska, Russia Race toward LNG Exports

Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 …

September 10, 2014 - 4:16 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services

GE, Accenture Roll Out New Pipeline Technology

Avoiding Downtime During Winter Freeze is the Goal

Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in …

September 8, 2014 - 5:18 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
MLPs:  Moving Energy from Wellhead to End User

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate …

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

Duke Energy (ticker: DUK), Piedmont Natural Gas (ticker: PNY) and AGL Resources (ticker: GAS) have selected Dominion (ticker: D) to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to …

September 4, 2014 - 6:43 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Yesterday Reuters reported that an emergency energy plan was being constructed for Europe, should gas stop flowing through the pipelines that connect European homes with Russia’s natural gas.

“Kiev is warning that Russia plans to halt gas supplies while Moscow …

Strategic Oil & Gas: An Asteroid Crater is this Canadian Junior’s Ticket for Growth

Strategic Oil & Gas: An Asteroid Crater is this Canadian Junior’s Ticket for Growth

Unconventional drilling and varied completion techniques are receiving plenty of attention from E&Ps in the ever-growing shale market. Shale play hot spots have emerged in turn with drilling advancements, and the majority of producers mention what they learn from their …

September 2, 2014 - 7:29 pm Finance, Midstream, Oil and Gas 360 Articles, Oilfield Services

EIA Report: June Dry Gas Production 70.2 Bcf/day, Consumption 58.2 Bcf/day

The EIA released its August Natural Gas Monthly report, including production data through June as follows:

  • Preliminary dry gas production for June 2014 of 2,106 billion cubic feet (Bcf) or 70.2 Bcf/day.  This is the fourth consecutive month where the
August 29, 2014 - 6:06 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

Rail Deliveries of U.S. Oil Reach Highest Mark Since July 1986

Approximately 2/3 of Bakken crude moves by rail

The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA …

August 28, 2014 - 4:17 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Sanchez Energy Analyst Day Recap: Production Estimated to Exceed 60 MBOEPD by Year-End 2014

Sanchez Energy Analyst Day Recap: Production Estimated to Exceed 60 MBOEPD by Year-End 2014

Sanchez Energy (ticker: SN) is an Eagle Ford-focused E&P that has built a sizeable footprint through acquisitions following its IPO in December 2011. Since going public, Sanchez has spent more than $1.1 billion to add approximately 163,400 acres in what …

August 27, 2014 - 5:37 pm Finance, Midstream, Oil and Gas 360 Articles, Oilfield Services
There’s a Bottleneck in the Eagle Ford and Bakken, and It’s Burning Before our Eyes

There’s a Bottleneck in the Eagle Ford and Bakken, and It’s Burning Before our Eyes

OAG360 covered the dropping Permian oil prices in a feature article yesterday, as Midland oil spot prices are trading at a $10 discount to West Texas Intermediate. As it turns out, there’s also a bottleneck in two other prominent shales. …

August 26, 2014 - 6:26 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Midland Oil Spot Prices Trending Along Three-Year Low

Midland Oil Spot Prices Trending Along Three-Year Low

Production in the Permian is at an all-time high, but its prices per barrel are a different story.

Spot prices at the Permian’s main hub in Midland, Texas, are trending among three-year lows. Its differential on August 25, 2014, was …

August 25, 2014 - 6:22 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

What to Expect from EnerCom’s The Oil & Gas Conference 19®

For the 19th year, analysts, investors and industry professionals will descend on Denver, Colorado, for EnerCom’s annual installment of The Oil & Gas Conference. The event started as a one day affair in August of 1996, with eight company …

Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development

On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in …

August 14, 2014 - 6:08 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services

$2.7 Billion in New Marcellus Pipeline Infrastructure Announced this Week

In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production …

August 14, 2014 - 5:51 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Mexico Prepares for Hydrocarbon Bidding War; Supermajors Lie in Wait

Mexico Prepares for Hydrocarbon Bidding War; Supermajors Lie in Wait

For 76 years, Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, has been the government-enforced monopoly over all of the country’s oil and gas industry efforts. Roughly one-third of all of Mexico’s tax revenues is derived from Pemex, according to …

Utica Shale Graduates to EIA’s Drilling Productivity Report

Utica Shale Graduates to EIA’s Drilling Productivity Report

The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, …

August 12, 2014 - 5:41 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Russia’s Sanctions: Who will Blink First?

Russia’s Sanctions: Who will Blink First?

Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by …

MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January …

Will North Dakota Tribes Collect Royalty Payments for Flared Gas?

Will North Dakota Tribes Collect Royalty Payments for Flared Gas?

Three Native American tribes whose land hosts up to one third of North Dakota’s 1 million BOPD production have asked oil companies to pay royalties on the natural gas they are burning off, or flaring, from oil wells on Indian …

August 11, 2014 - 5:29 pm Finance, Midstream, Oil and Gas 360 Articles, Oilfield Services
Malaysia’s US$27 Billion RAPID Integrated Refinery/LNG/Petrochemical Complex Moves Forward

Malaysia’s US$27 Billion RAPID Integrated Refinery/LNG/Petrochemical Complex Moves Forward

Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player …

August 11, 2014 - 4:54 pm Midstream, Oil and Gas 360 Articles, Oilfield Services