Post Tagged with: "midstream"

Shell Midstream Partners, L.P. 4th Quarter 2019 Unaudited Results

Shell Midstream Partners, L.P. 4th Quarter 2019 Unaudited Results

Shell Midstream Partners, L.P. (NYSE: SHLX) reported net income attributable to the Partnership of $140 million for the fourth quarter of 2019, which equated to $0.37 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, …

Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results

Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results

Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results. Achieved record high annual natural gas gathered, natural gas processed, natural gas transported, and crude oil and condensate gathered volumes. Enable Mississippi River Transmission, LLC (MRT) has agreed …

EnerCom Dallas – SitePro “A Digital Revolution” presentation by David Bateman, Co-CEO

EnerCom Dallas – SitePro “A Digital Revolution” presentation by David Bateman, Co-CEO

David Bateman, Co-CEO, presentation "A Digital Revolution" was live streamed, and the recorded presentation is below. 

 

Investors in the Oil & Gas market are looking for faster returns. That means that CAPEX has to be cut and efficiencies put

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

Source: Reuters


DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash.

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion - oil and gas 360

DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural …

October 18, 2019 - 8:15 am Closing Bell Story‎, Mergers & Acquisitions, Midstream
Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters


Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network.

Canadian Natural’s letter …

Source: CatholicVoices.org

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

From Reuters


Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion.

The deal announced by President Andres …

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel
Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Casillas Petroleum Resource Partners and Energy Water Services team up to form Woody Creek Midstream
Casillas Petroleum Resource Partners LLC, a portfolio company of Kayne Anderson Energy Funds, and Energy Water

Source: CatholicVoices.org

Mexican President Pushes Hopes for Pipeline Deal into Next Week

From Reuters


Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution.

“It’s going well, …

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

From The Calgary Herald


A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity.…

Kayne Anderson Makes $100 Million Upstream Investment

Kayne Anderson Makes $100 Million Upstream Investment

By Tyler Losier, Energy Reporter, Oil & Gas 360

Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy
Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters


Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …

August 20, 2019 - 6:01 am Closing Bell Story‎, Crude Oil News, Energy News, Midstream
U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

From Reuters


Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

The United States imposed tariffs on imported …

Source: EPIC Midstream

EPIC Pipeline Makes First Crude Delivery to Corpus Christi

By Tyler Losier, Energy Reporter, Oil & Gas 360

EPIC Y-Grade pipeline begins delivering crude to various terminals in Corpus Christi and Ingleside, Texas
EPIC Midstream LLC, through EPIC Crude Holdings LP, has begun interim crude service on its 24”

Source: Elevate Midstream Partners

Tailwater-Backed Elevate Midstream Enters into Eight Year Agreement with Sabine Oil and Gas

By Tyler Losier, Energy Reporter, Oil & Gas 360

Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas
Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an

Source: Crestwood Equity Partners

Crestwood Bolsters its Midstream Assets in the Bakken

By Tyler Losier, Energy Reporter, Oil & Gas 360

Commercial operations begin at the Bear Den II processing plant
Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II

Source: Summit Midstream Partners LP

Summit Midstream Appoints New President and CEO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Summit Midstream Partners appoints J. Heath Deneke as president, CEO and board member
Summit Midstream Partners LP (stock ticker: SMLP), a master limited partnership located in The Woodlands, Texas, has appointed

New U.S. Pipelines Poised to Start Price War for Shale Shippers

New U.S. Pipelines Poised to Start Price War for Shale Shippers

From Reuters


The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

These bargain …

Source: NGL Energy Partners

NGL Energy Partners Makes $300 Million Divestiture

By Tyler Losier, Energy Reporter, Oil & Gas 360

NGL Energy Partners sells TransMontaigne Product Services for $300 million
NGL Energy Partners LP (stock ticker: NGL), a vertically integrated midstream company, has signed a definitive agreement to sell TransMontaigne Product

Source: Oryx Midstream Services

Oryx Midstream Lands $550 Million from Qatar Investment Authority

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant

Source: Caliber Midstream

Caliber Midstream Makes North Dakota Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360

Caliber Midstream acquires North Dakota assets from American Midstream Partners
Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

Black Bear Midstream enters into seven-year agreement with undisclosed Cotton Valley producer
Black Bear Midstream, a portfolio company of Oaktree Capital Management (stock ticker: OAK), has entered into a seven-year gas

Source: Salt Creek Midstream

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

By Tyler Losier, Energy Reporter, Oil & Gas 360

SCM Crude LLC to solicit binding commitments for interstate gathering and transportation
SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Photo by Mike Goldwater"

UGI Subsidiary Closes on Columbia Midstream Deal

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream
UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the

Source: Enbridge Inc.

Enbridge Holds Open Season for Canadian Mainline Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enbridge seeks up to 20-year contracts for transportation services on its Canadian Mainline pipeline system 
Enbridge Inc. (stock ticker: ENB), an energy infrastructure company headquartered in Calgary, will be holding an

Source: Solaris Water Midstream

Concho Resources and Solaris Water Form JV in the Delaware Basin

By Tyler Losier, Energy Reporter, Oil & Gas 360

Concho Resources and Solaris Water Midstream team up for produced water management in the northern Delaware Basin
Concho Resources (stock ticker: CXO), a Permian-focused unconventional shale producer, has formed a strategic

Toronto's Portlands Energy Centre (source: CNW Group/Ontario Power Generation Inc.)

TC Energy to Sell Ontario Natural Gas-Fired Power Plants for US $2.18 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

TC Energy to sell three natural gas-fired power plants to Ontario Power Generation subsidiary for USD $2.18 billion
TC Energy Corporation (stock ticker: TRP), an energy infrastructure company based out of

Source: Goodnight Midstream

Altus Midstream Acquires Stake in Shin Oak Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360

Altus Midstream closes purchase of 33% equity stake in Enterprise-owned Shin Oak Pipeline
Altus Midstream (stock ticker: ALTM), a pure-play Permian-to-Gulf Coast midstream company, has closed a deal with Enterprise Products