Midstream

Will Russia’s Accumulation of Asian Energy Deals Make Western Sanctions Obsolete?

Already, Russia commands about 38.7% of Europe’s natural gas market, but it has been hard at work extending its economic influence in Europe and Asia. With almost 60% of Russia’s exports from natural gas, Vladimir Putin is taking steps to …

Will Northern Gateway Beat Keystone XL to the Finish Line?

Will Northern Gateway Beat Keystone XL to the Finish Line?

On June 17, the Canadian federal government approved the pipeline portion of Enbridge Incorporated’s (ticker: ENB) Northern Gateway Project, a $6.1 billion crude oil and condensate pipeline and marine terminal that was proposed in 2010.

Canada’s petroleum producers are …

July 25, 2014 - 5:49 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
U.S. Refinery Rates at All-Time High: EIA

U.S. Refinery Rates at All-Time High: EIA

United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning …

July 24, 2014 - 4:14 pm Earnings, Midstream, Oil and Gas 360 Articles

“Attention Delta Airlines’ Passengers: You may now thank the oilfield workers in the Bakken for today’s lower airfares…”

North Dakota crude will arrive at Delta’s in-house refinery by rail

Delta Airlines (ticker: DAL), through its refining subsidiary Monroe Energy LLC, has inked a deal with midstream supplier Bridger LLC to supply 65,000 BOPD of Bakken crude oil to …

July 23, 2014 - 4:53 pm Midstream, Oil and Gas 360 Articles
Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

During the EIA Energy Conference last week, July 14 to July 15, Michigan’s Representative Fred Upton (R) gave a speech about his ideal energy future. He called his plan the “Architecture of Abundance.” It is  a plan with five pillars:…

Will Voters Kill Colorado’s Golden Goose?

Will Voters Kill Colorado’s Golden Goose?

August 4 is the deadline for two citizens’ groups that are attempting to collect the signatures required to land two statewide ballot proposals on the November ballot. If successful, they would give voters the power to inhibit Colorado’s future oil

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Weather Services International (WSI), a division of Weather Central, expects natural gas inventory numbers to largely recover in the coming months due to below-average temperatures in the “northern and central Rockies eastward across the Great Lakes and Ohio Valley regions,” …

July 21, 2014 - 3:30 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
The EPA’s CO2 Rules: More Gas-Fired Generation Plants, Other Remedies

The EPA’s CO2 Rules: More Gas-Fired Generation Plants, Other Remedies

Last month, the U.S. Environmental Protection Agency (EPA) released its proposed Clean Power Plan, which plans to lower carbon dioxide (CO2) emissions by 30% by 2030, compared to 2005 levels. The U.S. levels in 2013 were 10% below those of …

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

The Bakken Shale, the third largest regional oil producer in the United States, achieved the 1 MMBOPD milestone in June 2014. The announcement came just months after IHS announced the field had produced a total of 1 billion barrels …

July 15, 2014 - 5:37 pm Midstream, Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q2’14 Estimates

Bam! It’s Earnings Season Again – Q2’14 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 181 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

July 15, 2014 - 4:54 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles
Experts: ISIS Wants Oil to Create its Own State, Will Seek to Capture More Oil Fields

Experts: ISIS Wants Oil to Create its Own State, Will Seek to Capture More Oil Fields

It is no coincidence that ISIS is using the oil fields and pipelines it captured in Iraq and Syria to sell crude oil for the purpose of funding its activities, according to a report in Istanbul’s Daily Sabah, dated July …

July 11, 2014 - 4:30 pm Midstream, Oil and Gas 360 Articles

Private Equity Firms Team Up to Create one of the Barnett Shale’s Largest Producers

Portfolio companies of KKR and Riverstone Holdings LLC have merged to create Trinity River Energy, LLC, according to a news release on July 9, 2014. The two portfolio companies, formerly known as KKR Natural Resources Funds and Legend Production Holdings, …

July 10, 2014 - 5:47 pm Midstream, Oil and Gas 360 Articles
Keystone XL:  2,119 Days and Counting

Keystone XL: 2,119 Days and Counting

20,000 U.S. Jobs, $7B Project Stuck in Limbo

As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval.…

July 9, 2014 - 5:48 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Rice Energy (ticker: RICE) is an independent natural gas and oil company engaged in the acquisition, exploration and development of hydrocarbons in the Appalachian Basin. The company filed its initial public offering in January 2014. Approximately 33% of the company’s …

Big Banks See Gas Prices Staying at $4-$5.50 / MMBtu for 10-20 Years, Thanks to Growing U. S. Shale Production

Big Banks See Gas Prices Staying at $4-$5.50 / MMBtu for 10-20 Years, Thanks to Growing U. S. Shale Production

Bloomberg reported last week that Goldman Sachs, Societe Generale SA and BlackRock all see natural gas staying in the $4.00 – $5.50 range for the next 10-20 years. “Rising U.S. shale gas production is driving fear out of the futures …

July 1, 2014 - 5:37 pm Fracing, Midstream, Oil and Gas 360 Articles
Midstream:  Meritage’s First Crude Oil Unit Train Sends 70,000 Barrels of PRB Crude to the East Coast in 99 Tanker Cars

Midstream: Meritage’s First Crude Oil Unit Train Sends 70,000 Barrels of PRB Crude to the East Coast in 99 Tanker Cars

Thirteen months ago, Denver’s privately held Meritage Midstream announced a joint venture with Arch Coal (ticker: ACI), of St. Louis, Missouri, to form Black Thunder Terminal, LLC, to develop a rail terminal to provide crude oil handling, storage, rail loading …

July 1, 2014 - 4:58 pm Midstream, Oil and Gas 360 Articles
Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Acute need:  6 new pipeline projects under construction + 19 awaiting approval could add 3.5 Bcf/d capacity in 2015

The United States natural gas boom, spearheaded by the expanded development of the Marcellus Shale, has boosted the country to become …

June 27, 2014 - 5:13 pm Midstream, Oil and Gas 360 Articles
Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company with 392,000 gross (286,000 net) acres under lease. Synergy’s core area of operations and all of its production comes from the Denver-Julesburg Basin, which …

June 26, 2014 - 5:11 pm Earnings, Fracing, Midstream, Oil and Gas 360 Articles
Will North Dakota Push OPEC Members Out of the Top 20?

Will North Dakota Push OPEC Members Out of the Top 20?

Driving around the oil fields of North Dakota outside of Minot, you’re struck by the fact that you are surrounded by thousands of square miles of rich, expansive farmland—green fields as far as the eye can see. But it’s what …

June 25, 2014 - 5:26 pm International, Midstream, Oil and Gas 360 Articles, OPEC
Japan Looks to Import U.S. Natural Gas

Japan Looks to Import U.S. Natural Gas

With its 55 nuclear reactors currently offline in answer to the devastating earthquake and tsunami it suffered in March 2011, Japan has been forced to import more expensive alternative fuels to replace the homegrown nuclear-fueled electrical generation capacity which previously …

Paving the Way for LNG Exports: FERC Approves Second LNG Terminal in the U.S.

Paving the Way for LNG Exports: FERC Approves Second LNG Terminal in the U.S.

Sempra Energy (ticker: SRE) has received approval from the Federal Energy Regulatory Commission (FERC) to build the second liquefied natural gas (LNG) export plant in the United States, according to a company press release on June 19, 2014. The …

Oil Prices Mostly Ignoring Iraq Invasion

Oil Prices Mostly Ignoring Iraq Invasion

Yesterday energy analysts warned of a significant global price jump for oil if Iraq’s southern oil fields are captured and shut down, but commodity prices appear to be disconnected this week from the potentially serious threat to Iraq’s oil production, …

June 18, 2014 - 5:03 pm Midstream, Oil and Gas 360 Articles
Range Resources Completes Acreage Swap with EQT Corp., Assumes Full Working Interest of Nora Field in Virginia

Range Resources Completes Acreage Swap with EQT Corp., Assumes Full Working Interest of Nora Field in Virginia

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The company has line-of-sight growth of 20% to 25% and was producing more …

Energy XXI’s Pro Forma Platform for Growth

Energy XXI’s Pro Forma Platform for Growth

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company finalized the acquisition of EPL Oil & Gas on June 3,

British Columbia Seeking Investment in its LNG Opportunities but Costs, Russia Raise Concern

British Columbia Seeking Investment in its LNG Opportunities but Costs, Russia Raise Concern

Liquefied natural gas (LNG) is being touted as the next major movement in the energy industry. Supermajors like Chevron (ticker: CVX), ExxonMobil (ticker: XOM) and Shell (ticker: RDS.B) are investing billions to build up LNG networks while …

June 2, 2014 - 10:56 am International, Midstream, Oil and Gas 360 Articles, OPEC

WPX Energy – New CEO's Day One Letter to Employees

Richard E. (Rick) Muncrief officially took the helm on May 15, 2014, as chief executive officer at WPX Energy (NYSE:WPX), one of the nation’s largest independent energy producers.

WPX has 16 drilling rigs deployed in the Piceance, Williston and San …

May 15, 2014 - 11:50 am Finance, Midstream, Oil and Gas 360 Articles
Unit Corporation Exploring New SOHOT Play; Contract Drilling and Midstream Segments Post Company Records

Unit Corporation Exploring New SOHOT Play; Contract Drilling and Midstream Segments Post Company Records

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and …

May 14, 2014 - 4:05 pm Earnings, Finance, Midstream, Oil and Gas 360 Articles
Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

May 13, 2014 - 4:05 pm Earnings, Finance, Midstream, Oil and Gas 360 Articles
Whiting Petroleum Increasing Downspacing Program in the Redtail; Coiled Tubing Boosting IP Rates

Whiting Petroleum Increasing Downspacing Program in the Redtail; Coiled Tubing Boosting IP Rates

Whiting Petroleum Corporation (ticker: WLL) is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in Williston Basin and Permian Basin regions of the United States. The …

Cabot Oil & Gas Boosts Production by 34% Year-over-Year, Company Sets New Production Record in April

Cabot Oil & Gas Boosts Production by 34% Year-over-Year, Company Sets New Production Record in April

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania …

May 5, 2014 - 2:40 pm Finance, Midstream, Oil and Gas 360 Articles