MLP News

Abu Dhabi National Oil Company (ADNOC) (PRNewsFoto/Abu Dhabi National Oil Company)

Abu Dhabi Weighs Multi-Billion Dollar Gas Pipeline Deal

From Bloomberg

Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter.…

EQM says ‘unlikely’ to complete Mountain Valley natgas pipe in 2019

EQM says ‘unlikely’ to complete Mountain Valley natgas pipe in 2019

From Reuters

EQM Midstream Partners LP said on Tuesday it was “unlikely” to complete the long-delayed $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia during 2019 due to ongoing legal and regulatory challenges.

EQM, however, said …

Rig Count Sinks Beneath a Milestone Marker

Rig Count Sinks Beneath a Milestone Marker

First time below 1,000 since March 2018

By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell sharply today continuing the overall downward trend according to Baker Hughes’ Weekly Rig Count.

A net 21 rigs shut down in the …

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

Canada Extends Deadline for Trans Mountain Pipeline Decision to June 18

From Reuters

Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday.

The Trans Mountain expansion (TMX) project …

U.S. Drillers Tally First YOY Rig Count Decline Since 2016

U.S. Drillers Tally First YOY Rig Count Decline Since 2016

Total count down 10
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell this week in the U.S. continuing a general downward trend, according to Baker Hughes Rig Count.

A net ten rigs came offline in the week,

Kinder Morgan In Discussions to Build Third Permian Basin Gas Pipeline: CEO

Kinder Morgan In Discussions to Build Third Permian Basin Gas Pipeline: CEO

From Reuters

Kinder Morgan Inc has begun internal discussions about building a third natural gas pipeline in the Permian Basin as demand for gas takeaway capacity continues to surge, Chief Executive Officer Steven Kean told investors on Wednesday.

As natural …

April 18, 2019 - 3:48 pm Closing Bell Story‎, Midstream, MLP News, MLPs, Natural Gas News
Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Kenney Win Puts Maligned Trudeau Pipeline Law Under New Pressure

From Bloomberg

Alberta’s incoming premier is already fighting pipeline law changes that are in the offing.

Jason Kenney’s conservative party swept to power Tuesday in Canada’s oil heartland after a campaign in which he regularly took aim at Prime Minister …

April 18, 2019 - 3:21 pm Canada, Closing Bell Story‎, Energy News, Midstream, MLP News, MLPs
Who Beats? Who Misses? BAM: It’s Earnings Season (Again) – Here are the Q1 2019 Oil & Gas Company Estimates

Who Beats? Who Misses? BAM: It’s Earnings Season (Again) – Here are the Q1 2019 Oil & Gas Company Estimates

Seems like just yesterday it was Q4 reporting season. But time between quarterly earnings reports accelerates within the public company universe, and Q1 reporting season is here.

EnerCom, Inc. has compiled first quarter earnings per share, revenue, EBITDA and cash

Efficiency Stagnating in Key Shale Basins

Efficiency Stagnating in Key Shale Basins

EERC down for fourth straight month
By Richard Rostad, analyst, Oil & Gas 360

Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins.

The

New Mexico Drilling Boom Hits Multi-Decade Milestone

New Mexico Drilling Boom Hits Multi-Decade Milestone

New Mexico rig count exceeds Oklahoma’s for first time in at least 28 years
By Richard Rostad, analyst, Oil & Gas 360

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

DCIM100MEDIADJI_0108.JPG

U.S. FERC Approves EPIC Oil Pipeline Rates, Interim Service to Begin Mid-2019

From Reuters

U.S. energy regulators on Thursday approved the rate structure and terms of service for EPIC Crude Pipeline LP’s new 900,000 barrels per day (bpd) line from the Permian basin to Corpus Christi, Texas, subject to some conditions.

EPIC …

April 12, 2019 - 5:53 pm Closing Bell Story‎, Crude Oil News, Energy News, MLP News
Trump Said to Seek Limit on State Power Over Pipelines

Trump Said to Seek Limit on State Power Over Pipelines

From Bloomberg

Developers have been trying for six years to build a 124-mile natural gas pipeline from Pennsylvania to New York. Despite winning a federal approval in 2014, the project is still no closer to reality.

Enter President Donald Trump, …

TransCanada Explores Sale Of $1 Billion Appalachian Pipeline Unit

TransCanada Explores Sale Of $1 Billion Appalachian Pipeline Unit

From Reuters

Pipeline operator TransCanada Corp is exploring a potential sale of its Columbia Midstream unit in a deal that could value the business at about $1 billion, three sources aware of the matter said on Friday.

TransCanada, based in …

April 8, 2019 - 4:23 pm Closing Bell Story‎, Midstream, MLP News, Natural Gas News
U.S. Drilling Comes Roaring Back

U.S. Drilling Comes Roaring Back

Texas, Permian add 16 rigs
By Richard Rostad, analyst, Oil & Gas 360

American oil and gas activity increased sharply this week after falling for six weeks in a row, according to Baker Hughes.

A net 19 rigs started drilling

Texas Rig Count Slides For 12th Week In A Row

Texas Rig Count Slides For 12th Week In A Row

Overall activity down 10

By Richard Rostad, analyst, Oil & Gas 360

Drilling activity continued to fall this week as operators continue to adapt to lower oil prices, according to Baker Hughes Rig Count.

A net ten rigs came offline …

Source: Keystone-XL

Trump Takes Fresh Approach with Long-Delayed Keystone XL Pipeline

From Reuters

U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of …

March 29, 2019 - 5:30 pm Closing Bell Story‎, Crude Oil News, Midstream, MLP News, MLPs
Source: Enbridge

Minnesota Regulator Confirms Approval of Enbridge Oil Pipeline

From Reuters

A Minnesota regulator has confirmed its approval of Enbridge Inc’s Line 3 crude oil pipeline replacement, allowing the $7 billion project to move forward, the company said on Wednesday.

The Minnesota Public Utilities Commission initially approved Enbridge’s plan …

March 27, 2019 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, MLP News
Source: Virginia Mercury

Duke Energy Needs ‘Plan B’ If Atlantic Coast Pipeline Fails, CEO Says

From Bloomberg

Duke Energy Corp. will need another way to shuttle natural gas to customers in the U.S. Southeast if the troubled Atlantic Coast shale pipeline fails to overcome legal setbacks, Chief Executive Officer Lynn Good said.

“Atlantic Coast pipeline …

Land Rig Count Drops Below 1,000

Land Rig Count Drops Below 1,000

Five declines in a row
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity in the U.S. continues to reel from the Q4 oil price decline, based on the most recent edition of Baker Hughes Weekly Rig Count.

A

Williams and Canada Pension Plan to form US$3.8 Billion Joint Venture

Williams and Canada Pension Plan to form US$3.8 Billion Joint Venture

Williams and Canada Pension Plan Investment Board to form a US$3.8 Billion Strategic Joint Venture Partnership in the Marcellus/Utica Basins

March 18, 2019 - 8:30 pm Closing Bell Story‎, MLP News, Press Releases
Permian, Appalachian Basins Show Largest Production Growth

Permian, Appalachian Basins Show Largest Production Growth

But Anadarko Basin faces declining production as drilling slows
By Richard Rostad, analyst, Oil & Gas 360
Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major

Photo by Mike Goldwater"

Wastewater – Private Equity’s New Black Gold in U.S. Shale

From Reuters

Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the United States.

His …

March 18, 2019 - 12:41 pm Closing Bell Story‎, Energy News, Midstream, MLP News, MLPs
Fourth Week of Declining Rig Activity

Fourth Week of Declining Rig Activity

One rig comes offline as operations shift
By Richard Rostad, analyst, Oil & Gas 360

U.S. drilling activity declined yet again this week, the fourth decline in a row, according to Baker Hughes’ Weekly Rig Count.

A net one rig

Equitrans Midstream’s Unit to Buy Gas Pipeline Assets For $1.03 Billion

Equitrans Midstream’s Unit to Buy Gas Pipeline Assets For $1.03 Billion

From Reuters

U.S. pipeline operator Equitrans Midstream Corp’s unit on Thursday signed a deal worth $1.03 billion to take control of two pipelines that connect the Marcellus and Utica shale basins, the nation’s biggest gas producing region.

The unit, EQM …

How a Russian Gas Pipeline Is Driving a Wedge Between the U.S. and Its Allies

How a Russian Gas Pipeline Is Driving a Wedge Between the U.S. and Its Allies

From The Wall Street Journal

Angela Merkel and her advisers, before a visit to the White House last spring, agreed on a priority: Avoid talk of Nord Stream 2. The German-Russian pipeline project had been a bone of contention between

Source: Enbridge

Enbridge Pipeline Delay Spooks Traders in Long-Term Canada Crude Market

From Reuters

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.…

Source: WPX

Ohio Rig Count Drops 28%

U.S. rig count drops by 11
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity continued to decline this week, the third drop in a row according to the Baker Hughes Weekly Rig Count.

A net eleven rigs came

Stena Carron - Daytime

International Rig Count at Highest Level since January 2016

Offshore activity continues its climb
By Richard Rostad, analyst, Oil & Gas 360

International drilling activity increased slightly in February, according to the latest edition of Baker Hughes’ International Rig Count.

A net three international rigs came online in the

Courtesy of Enbridge

Canada Oil Industry Takes Fresh Hit With Key Pipeline Delay

From Bloomberg

Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.

The roughly one-year delay to Enbridge Inc.’s expansion of its Line 3 conduit, announced late Friday, threatens …

March 4, 2019 - 12:46 pm Canada, Closing Bell Story‎, Energy News, MLP News
Rigs Move To California

Rigs Move To California

Texas, Oklahoma and New Mexico are down 61 rigs since November
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell in the U.S. this week, the second drop in a row according to Baker Hughes Weekly Rig Count.