Midstream

Genesis Prices Public Offering

Genesis Prices Public Offering

Genesis Energy, L.P. Prices Public Offering of Common Units

Genesis Energy, L.P. (GEL) today announced the pricing of a registered underwritten public offering of 4,000,000 common units representing limited partner interests at $44.42 per common unit. We granted …

April 7, 2015 - 12:28 pm Midstream, MLPs
Plains All American Increases Distribution

Plains All American Increases Distribution

Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions

Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly cash distributions with respect to the first quarter of 2015. …

April 7, 2015 - 12:25 pm Midstream, MLPs
Atlas Resource Partners Announces Public Offering

Atlas Resource Partners Announces Public Offering

Atlas Resource Partners, L.P. Announces Public Offering Of Class E Cumulative Redeemable Perpetual Preferred Units

Atlas Resource Partners, L.P. (ARP) today announced that it has commenced a public offering of Class E Cumulative Redeemable Perpetual Preferred Units (“Class …

April 7, 2015 - 12:21 pm Midstream, MLPs
Genesis Energy Announces Public Offering

Genesis Energy Announces Public Offering

Genesis Energy, L.P. Announces Public Offering of Common Units

Genesis Energy, L.P. (GEL) today announced the commencement of a registered underwritten public offering of 4,000,000 common units representing limited partner interests. We expect to grant the underwriters a …

April 6, 2015 - 7:05 pm Midstream, MLPs
Tesoro to Acquire Remaining Portion of QEP Midstream Partners

Tesoro to Acquire Remaining Portion of QEP Midstream Partners

Tesoro Logistics LP to Acquire Remaining Portion of QEP Midstream Partners, LP

Tesoro Logistics LP (TLLP) (“TLLP”) and QEP Midstream Partners, LP (QEPM) (“QEPM”) today jointly announced the signing of a definitive merger agreement whereby TLLP …

April 6, 2015 - 7:01 pm Midstream, MLPs
Williams Partners L.P. Ups Stake in Utica Pipeline for $575 Million

Williams Partners L.P. Ups Stake in Utica Pipeline for $575 Million

EV Energy Partners Exits the Region

Williams Partners L.P. (ticker: WPZ) has increased its equity interest to 70% in Utica East Ohio Midstream LLC (UEO), the company announced on April 6, 2015. The transaction involved EV Energy Partners’ (ticker: EVEP) …

Williams Partners Agrees to Acquire Additional Interest in Utica

Williams Partners Agrees to Acquire Additional Interest in Utica

Williams Partners Agrees to Acquire Additional Interest in Utica East Ohio Midstream Partnership

Williams Partners L.P. (WPZ), which, through its subsidiary Utica Gas Services, currently owns 49 percent equity interest in Utica East Ohio Midstream LLC (UEO), today …

April 6, 2015 - 3:50 pm Midstream, MLPs
EV Energy Plans to Divest in Utica

EV Energy Plans to Divest in Utica

EV Energy Partners Announces Agreement to Divest Its 21 Percent Interest in Utica East Ohio for $575 million

EV Energy Partners, L.P. (EVEP) today announced that it has signed a definitive agreement to divest its entire 21 percent …

April 6, 2015 - 3:43 pm Midstream, MLPs
Devon Energy Completes Dropdown

Devon Energy Completes Dropdown

Devon Energy Transfers VEX Ownership to Enlink Midstream

Last week Devon Energy (ticker: DVN) completed a dropdown of its Victoria Express Pipeline (VEX) to Enlink Midstream Partners (ticker: ENLK). Devon will receive $280 million from ENLK and EnLink Midstream LLC …

April 6, 2015 - 3:35 pm Midstream, MLPs, Oil and Gas 360 Articles
Enbridge Makes Formal Proposal to Transfer Canadian Liquids Pipeline Business and Renewable Energy Assets to Enbridge Income Fund

Enbridge Makes Formal Proposal to Transfer Canadian Liquids Pipeline Business and Renewable Energy Assets to Enbridge Income Fund

– $17 billion book value of assets and $15 billion of secured growth projects under development proposed to be transferred

– Accretion expected to add 10% to Enbridge adjusted earnings per share from 2015 through 2018

– EIFH dividend growth

April 1, 2015 - 4:31 pm Canada, Finance, Midstream
Encana Completes Sale of Montney Midstream Assets

Encana Completes Sale of Montney Midstream Assets

CALGARY, AB–(Marketwired – April 01, 2015) – (TSX: ECA) (NYSE: ECA)

Encana Corporation (“Encana”) and the Cutbank Ridge Partnership (“CRP”), a partnership between Encana and a subsidiary of Mitsubishi Corporation, have completed the previously announced sale of

April 1, 2015 - 3:03 pm Canada, Midstream
Crude by Rail Growing Exponentially

Crude by Rail Growing Exponentially

The EIA’s latest tool for tracking crude shipments by rail shows massive increases in the past five years

The Energy Information Administration (EIA) announced that it will begin providing monthly data on rail movements of crude oil. The EIA …

April 1, 2015 - 1:03 pm Midstream, Oil and Gas 360 Articles
Source: The Society of Petroleum Engineers

Pemex Lands First Major Investment with Black Rock, First Reserve

Energy Reform is Underway

Petroleos Mexicanos (Pemex) has reached a $900 million deal with BlackRock and First Reserve, its first major investment since the country ended its 76-year resource nationalization, the companies announced on March 27, 2015. BlackRock and First …

March 27, 2015 - 7:06 pm International, Midstream, Oil and Gas 360 Articles
Power of Siberia

Power of Siberia May be Put on Hold

Russia’s major pipeline to China may be put on hold

State-owned oil major Gazprom (ticker: OGZPY) may put its Power of Siberia gas pipeline project on hold, according to sources close to the company. The project may be put off …

March 27, 2015 - 5:09 pm International, Midstream, Oil and Gas 360 Articles
Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

North Dakota has been the poster child of the United States shale boom, boasting skyrocketing production, high economic growth rates and miniscule unemployment numbers. The discovery and exploitation of the Williston Basin has increased crude output in the state by …

Oil & Gas 360 Energy News

Southwestern Sells Non-Core Assets, Bumps 2015 Divesture Totals to $718 million

*Update*

Just one day after selling select gathering assets in the Appalachia for $500 million, Southwestern Energy (ticker: SWN) announced the $218 million sale of conventional operations in East Texas and the Arkoma Basin. Both deals were completed with private …

Williams Plans to Bring $4.8 Billion in Transmission Projects Online by 2017

Williams Plans to Bring $4.8 Billion in Transmission Projects Online by 2017

Williams announces FERC approval of natural gas pipeline to serve an electric generating facility

Williams (ticker: WMB) announced that the Federal Energy Regulatory Commission (FERC) has approved Transco’s application to expand its mainline pipeline system and construct an 11-mile lateral …

March 20, 2015 - 11:28 am Midstream, MLPs, Oil and Gas 360 Articles
Russian gas main Source: Gazprom

Ukraine Aims to Nearly Double Gas Transit Tariff

Ukrainian Energy Minister hopes to nearly double the tariff on gas transit in the country

Ukrainian Minister of Energy and Coal, Vladimir Demchishin,  plans on using the upcoming March 20 meeting between Ukraine, Russia and the European Union to discuss …

March 19, 2015 - 6:10 pm International, Midstream, Oil and Gas 360 Articles
Anadarko Joins Saddlehorn Pipeline Project

Anadarko Joins Saddlehorn Pipeline Project

A wholly-owned subsidiary of Anadarko purchased a 20% equity interest in the Saddlehorn Pipeline Project

Magellan Midstream Partners (ticker: MMP) and Plains All American Pipeline (ticker: PAA) announced today that a wholly owned subsidiary of Anadarko Petroleum (ticker: APC) exercised …

March 18, 2015 - 4:00 pm Midstream, MLPs, Oil and Gas 360 Articles
What Will Happen to the U.S. Midstream Industry?

What Will Happen to the U.S. Midstream Industry?

U.S. will be “NGL Storage Center for the World”

New technology in the drilling and completions segment may receive the lion’s share of the credit for the shale boom, but the evolution of the midstream industry has enabled the United …

March 6, 2015 - 6:55 pm Midstream, MLPs, Oil and Gas 360 Articles
If species gains the U.S. Fish and Wildlife's recommended "endangered" designation in April, shale, wind energy developers could be affected.

Pending Govt. Designation Could Threaten Areas of NE Shale Development

Comment Period Ends Mar. 17, 2015

Remember the Northern Spotted Owl? It was a bird living in the Pacific northwest that was awarded the U.S. Fish and Wildlife Service’s “Threatened Species” designation in 1990. Vast swaths of timber were classified …

Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets

Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets

Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy …

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe

A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will …

February 24, 2015 - 6:47 pm Midstream, MLPs, Oil and Gas 360 Articles
EnerCom’s The Oil & Services Conference™ 13 Primer

EnerCom’s The Oil & Services Conference™ 13 Primer

toscEnerCom, Inc. is pleased to present its 13th edition of The Oil & Services Conference™ from the Omni Hotel in San Francisco. The two-day affair will feature 34 presentations from E&Ps, OilService providers and industry experts from around the …

TransCanada on Keystone XL: “We Continue to Believe It Will be Ultimately Approved”

TransCanada on Keystone XL: “We Continue to Believe It Will be Ultimately Approved”

After Six Years, $8 Billion Keystone XL Awaits One Final Signature

TransCanada Moving Ahead with $6 Billion in Other Capital Projects in 2015

Project start-ups may be lower than usual in the revamped commodity market, but TransCanada’s (ticker: TRP) operations …

February 13, 2015 - 6:39 pm Canada, Midstream, Oil and Gas 360 Articles, Politics & Opinions
Altex Energy CEO: There is Still a Case for Moving Canadian Crude by Rail

Altex Energy CEO: There is Still a Case for Moving Canadian Crude by Rail

John Zahary, president and CEO of Altex Energy, makes the case for moving Canadian crude by rail

John Zahary, President and Chief Executive Officer of Altex Energy, a company that owns and operates eight crude-by-rail terminals in Western Canada, made …

February 10, 2015 - 5:42 pm Canada, Midstream, Oil and Gas 360 Articles
Martin Midstream to Sell NGL Barges

Martin Midstream to Sell NGL Barges

Martin Midstream Partners (ticker: MMLP) announced yesterday that it entered into an agreement to sell six liquefied natural gas barges for a total price of $41.25 million. MMLP has decided to exit the natural gas liquids floating storage and trans-loading …

February 6, 2015 - 6:06 pm Midstream, Oil and Gas 360 Articles
Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Senate: Thumbs Up for Keystone. What’s Next?

Keystone clears another hurdle on the road to construction

TransCanada’s (ticker: TRP) Keystone XL pipeline received Senate approval yesterday in a bipartisan 62-to-36 vote in favor of allowing the pipeline. Nine Democrats joined 53 Republicans to pass the measure, but …

January 30, 2015 - 1:10 pm Midstream, Oil and Gas 360 Articles, Politics & Opinions
Magnum Hunter CEO Gary Evans Sets the Record Straight: “Rumors of Our Death Have Been Greatly Exaggerated”

Magnum Hunter CEO Gary Evans Sets the Record Straight: “Rumors of Our Death Have Been Greatly Exaggerated”

Magnum Hunter Jan. 23 Conference Call

Gary Evans drew on some famous American humor to lead off this morning’s conference call “to discuss macro events affecting the energy sector and company specifics.” Evans paraphrased the famous quip from North American …

Kinder Morgan Lands Bakken Position with $3 Billion Purchase

Kinder Morgan Lands Bakken Position with $3 Billion Purchase

Richard Kinder to Step Down from CEO Position

Kinder Morgan (ticker: KMI) may have the longest gas pipeline network in North America, but the continent’s third largest energy company (based on enterprise value), surprisingly, did not have a stake in …

January 22, 2015 - 6:20 pm Earnings, Midstream, MLPs, Oil and Gas 360 Articles