MLP News

Rig Count: Haynesville and Marcellus Continue to Duke It Out

Rig Count: Haynesville and Marcellus Continue to Duke It Out

Total rig count down by one

U.S. drilling activity decreased slightly this week, according to the latest edition of Baker Hughes Rig Count.

One rig came offline in the week, bringing the total number of rigs active in the country …

CNNX Anchor Systems Map

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Marcellus Midstream Moves: CNX Resources Buys Noble’s 50% Interest in CONE Gathering for $305 Million in Cash

CNX Resources Corporation (ticker: CNX) has agreed to purchase Noble Energy, Inc.’s (ticker: NBL) 50% membership interest in CONE Gathering LLC for $305 million in cash.

The agreement between Noble Energy and CNX also settles any and all claims between …

‘Chock Full’: Enbridge Warns its Pipelines Near Maximum Capacity as Canadian Oil Prices Crash

‘Chock Full’: Enbridge Warns its Pipelines Near Maximum Capacity as Canadian Oil Prices Crash

Widest WTI/WCS price differential in 3 years

Full pipelines and reduced capacity have led to a doubling of the discount Canadian producers must accept for their barrels, as they miss out on the oil price rally

From the Financial Post

December 13, 2017 - 6:48 pm Canada, Closing Bell Story‎, Midstream, MLP News
Courtesy of Enbridge

Enbridge Inc. Closes $500 Million Preferred Share Offering

Enbridge Inc. (ticker: ENB) announced today that it has closed its previously announced public offering of Cumulative Redeemable Minimum Rate Reset Preference Shares, the Series 19 Preferred Shares, through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC …

December 11, 2017 - 4:00 pm Closing Bell Story‎, MLP News, Oil and Gas 360 Articles
MLP Scorecard

EnerCom’s MLP Scorecard – December 11 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

December 11, 2017 - 11:32 am Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
Source: WPX

U.S. Rig Count Up by Two

Activity concentrates in major basins

Drilling activity increased slightly this week, as producers continue to react to the recent ascent of oil prices, according to Baker Hughes Weekly Rig Count.

U.S. Rig Count Up by Two

A total of two rigs came online this week, meaning …

Fuel shippers seek U.S. review of ‘excessive’ Colonial Pipeline rates

Fuel shippers seek U.S. review of ‘excessive’ Colonial Pipeline rates

From Reuters

Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the U.S. energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country’s largest.

The 917-page …

December 8, 2017 - 3:42 pm Closing Bell Story‎, Crude Oil News, MLP News
Shell Midstream Announces $825 Million Drop-Down

Shell Midstream Announces $825 Million Drop-Down

Shell Midstream Partners, L.P. (NYSE: SHLX) entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in …

December 4, 2017 - 4:42 pm Closing Bell Story‎, Crude Oil News, MLP News
MLP Scorecard

EnerCom’s MLP Scorecard – December 4 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

December 4, 2017 - 11:22 am Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
In the Third Largest U.S. Shale Gas Basin, Rig Count Noses Past Marcellus

In the Third Largest U.S. Shale Gas Basin, Rig Count Noses Past Marcellus

Total U.S. rigs up by 6 – total is 929

U.S. drilling activity rose again this week, the fourth straight week of increases, according to the latest edition of Baker Hughes Rig Count.

Six rigs began activity this week, meaning …

Magellan Begins Open Season for Permian-Eagle Ford-Corpus Christi Pipeline

Magellan Begins Open Season for Permian-Eagle Ford-Corpus Christi Pipeline

Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it intends to develop a new pipeline and has launched an open season to assess customer interest to transport various grades of crude oil and condensate from the Permian and Eagle …

December 1, 2017 - 4:21 pm Closing Bell Story‎, Crude Oil News, MLP News
Enbridge Has Big Plans, $3 Billion in Asset Sales, $6 Billion in Equity

Enbridge Has Big Plans, $3 Billion in Asset Sales, $6 Billion in Equity

Enbridge plans $22 billion in projects through 2020

Enbridge (ticker: ENB) announced several developments today, with the Canadian midstream company issuing several press releases.

Enbridge announced its strategic plan and outlook, the first since the merger with Spectra Energy closed …

MLP Scorecard

EnerCom’s MLP Scorecard – November 27 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

November 27, 2017 - 10:58 am Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
U.S. Land Rigs Pierce 900 Once Again

U.S. Land Rigs Pierce 900 Once Again

Wyoming sees largest increase

Drilling activity increased this week, according to Baker Hughes’ Weekly Rig Count.

The total number of rigs active in the U.S. rose by eight to 923 this week, marking the third straight week of increasing activity. …

Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Nebraska Approves Alternate Keystone XL Route

Alternate route would parallel original Keystone, adds only 5 miles to route

Nebraska approved an alternative route for Keystone XL today, in a move that may complicate the project going forward.

First conceived in 2008, Keystone XL has been embroiled …

MLP Scorecard

EnerCom’s MLP Scorecard – November 20 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

November 20, 2017 - 11:09 am Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
Source: WPX

Rig Count Rises on Gas Drilling

Eight more rigs, all drilling for gas

Drilling activity in the U.S. increased this week, according to the latest edition of Baker Hughes Weekly Rig Count.

The number of active rigs in the U.S. increased by eight, rising to a …

MLP Scorecard

EnerCom’s MLP Scorecard – November 13 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

November 13, 2017 - 11:28 am Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
U.S. Rig Count Snaps Five-Week Drop, Rises above 900

U.S. Rig Count Snaps Five-Week Drop, Rises above 900

Changes very concentrated this week

U.S. drilling activity increased this week, snapping five weeks of decline, according to Baker Hughes Weekly Rig Count.

Nine rigs came online this week, bringing the total number of rigs in the U.S. above 900 …

TransCanada Brings Four U.S. and Canadian Pipelines Online

TransCanada Brings Four U.S. and Canadian Pipelines Online

On November 9, 2017 TransCanada Corporation (ticker: TRP) announced the company’s financial results for the third quarter of 2017. In the company’s press release, TRP reported a net income attributable to common shares for third quarter 2017 of $612 million …

American Midstream Announces $863 Million in Acquisitions

American Midstream Announces $863 Million in Acquisitions

Merger with Southcross creates significant Corpus Christi supplier

American Midstream Partners (ticker: AMID) has announced has announced several deals in the past week, for a combined $863 million.

On Wednesday, American Midstream announced the acquisition of Southcross Energy Partners (ticker: …

MLP Scorecard

EnerCom’s MLP Scorecard – November 6 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

November 6, 2017 - 12:05 pm Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
Source: WPX

U.S. Rig Count Below 900

11 more rigs shut down

U.S. drilling activity continued to fall this week, according the latest edition of Baker Hughes’ Weekly Rig Count.

The total number of rigs active in the U.S. fell to 898 this week, the first time …

Brent Returns to $60 with Highest Close Since 2015 – Rigs Fall Again

Brent Returns to $60 with Highest Close Since 2015 – Rigs Fall Again

Four rigs go offline

Oil and gas industry signals were mixed this week, as the rig count and natural gas prices dropped, but oil prices rose.

U.S. drilling activity declined this week, with four land-based rigs shutting down. There are …

MLP Scorecard

EnerCom’s MLP Scorecard – October 23 2017

EnerCom’s MLP Scorecard is our weekly distribution of information emerging from the world of Master Limited Partnerships.

This week’s Scorecard report delivers 33 comparative metrics on 59 Master Limited Partnerships in the industry. All of the MLPs in the list …

October 23, 2017 - 1:14 pm Closing Bell Story‎, MLP News, MLP Scorecard, MLPs
BP Launches Its Midstream IPO

BP Launches Its Midstream IPO

$800 to $900 million will be raised

BP Midstream Partners (ticker: BPMP) has launched its IPO today, marking another step in the process of spinning off the company’s pipeline assets.

BP will offer 42,500,000 common units at an anticipated price …

October 17, 2017 - 5:26 pm Closing Bell Story‎, MLP News, MLPs, Oil and Gas 360 Articles
E&P Invests $225 Million for Midstream Holdings in Latin America

E&P Invests $225 Million for Midstream Holdings in Latin America

Frontera purchases remaining stake in Pacific Midstream

Canada’s Frontera Energy (ticker: FEC) announced the acquisition of Pacific Midstream Ltd, in a move that consolidates Frontera’s holdings.

Frontera will pay $225 million in cash for the remaining 36.6% of Pacific, leaving …

Effective Rig Count Continues to Fall, DUCs Rise

Effective Rig Count Continues to Fall, DUCs Rise

EERC down by 11 in September

EnerCom released its monthly EnerCom Effective Rig Count for September today, reporting an equivalent 2,292 rigs active in the U.S., down from 2,303 last month. The Effective Rig Count adjusts reported rig counts for …

A Boost for the Bakken

A Boost for the Bakken

Demand for Bakken oil: Bakken appears to be emerging as a new export grade of crude

In a webinar hosted by Argus Media this week, Argus VP Jeff Kralowetz said something interesting with respect to his company’s analysis of the …

Kansas Gets Its First Rig in 2017; Overall Rig Count Down 8

Kansas Gets Its First Rig in 2017; Overall Rig Count Down 8

U.S. activity declines again; Canada increases

Drilling activity declined this week as oil and gas operators continue to seek equilibrium, according to Baker Hughes Weekly Rig Count.

The total number of rigs active in the U.S. dropped by eight, meaning …