Post Tagged with: "midstream"

Tellurian Keeps Sailing

Tellurian Keeps Sailing

Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share …

EnCap Flatrock Midstream Adds Managing Director

EnCap Flatrock Midstream Adds Managing Director

EnCap Flatrock Midstream added Rob Wingo as managing director today.

Wingo joins EnCap Flatrock from Rice Energy and Rice Midstream Partners, where he served for five years, most recently as SVP of midstream and marketing for Rice Energy, as well …

EQT Splits Upstream and Midstream Businesses

EQT Splits Upstream and Midstream Businesses

Tax-free separation creates two Appalachian-based energy companies

EQT Corporation (ticker: EQT) has approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is intended to …

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

No Stream Like Midstream

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America

TransCanada adds Canadian capacity

TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

ARM Energy Holdings LLC said that the company and its partners have sold Kingfisher Midstream, LLC to Silver Run Acquisition Corporation II, in exchange for an aggregate consideration of up to $1.55 billion.

The transaction consideration is comprised of $800 …

Valiant Midstream Adds Arteries to the Heart of the Arkoma Stack Play

Valiant Midstream Adds Arteries to the Heart of the Arkoma Stack Play

Valiant Midstream LLC has begun construction on a natural gas gathering system and cryogenic gas processing plant in the heart of the Arkoma Stack play in southeast Oklahoma. According to the company, the system is expected to come online in …

Iron Horse Pipeline - Open Season, Feb. 2018

Silver Creek Partners, Tallgrass Energy Pipeline Will Transport Crude from PRB

Silver Creek Midstream, LLC and Tall Grass Energy Partners, LP (ticker: TEP) have signed an agreement to develop the Iron Horse Pipeline, a joint venture pipeline to transport crude oil from the Powder River Basin (PRB) to Guernsey, Wyoming.

Iron …

February 8, 2018 - 3:23 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …

Silver Run II Adds $1.042 Billion to Complete Merger

Silver Run II Adds $1.042 Billion to Complete Merger

Silver Run Acquisition Corporation II will have approximately $1.042 billion in its trust account to complete the business combination of Silver Run II, Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. The new company will be called Alta Mesa Resources, …

EnerCom Dallas 2018 Presenter: Alta Mesa Resources, Inc.

EnerCom Dallas 2018 Presenter: Alta Mesa Resources, Inc.

Alta Mesa Resources, Inc. is a new company that was announced on August 16, 2017 that will combine Silver Run Acquisition Corporation II, Kingfisher Midstream, LLC and Alta Mesa Holdings, LP. The company has its asset base concentrated in the …

Summit Midstream Double E Natural Gas Pipeline

Summit Midstream Holds Open Season for Double E NatGas Pipeline

Summit Midstream Partners, LP (ticker: SMLP) will be holding a non-binding open season for its Double E Pipeline. The target in-service date for the project is the first quarter of 2021.

The project will consist of approximately 120 miles of …

January 29, 2018 - 5:01 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
ONEOK - Proposed Elk Creek Pipeline

ONEOK Plans $1.4 Billion Williston NGL Pipeline

The existing Bakken NGL and Overland Pass Pipelines are operating at full capacity. Additional NGL takeaway capacity is critical to meeting the needs of producers who are increasing production – Spencer

ONEOK, Inc. (ticker: OKE) plans to invest $1.4 billion …

January 4, 2018 - 5:46 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
TransCanada acquired several natural gas assets in the United States, including the Hickory Bend Gathering System and Cryogenic Processing Plant, in Ohio, as part of the Columbia Pipeline Group acquisition in 2016.

TransCanada Turns On 1 Bcf/day of New Marcellus/Utica Takeaway

The Leach XPress project adds take-away capacity in the Marcellus and Utica shale basins in Ohio, Pennsylvania and West Virginia

TransCanada Corporation’s (ticker: TRP) Leach XPress project (LXP) was placed in-service on January 1, 2018.

Through an existing interconnect with …

Trudeau to Lay Out Predictable Timelines for Pipeline Reviews

Trudeau to Lay Out Predictable Timelines for Pipeline Reviews

From Bloomberg

Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market.

The federal government will propose new rules for regulatory vetting of all major development …

December 28, 2017 - 3:24 pm Canada, Closing Bell Story‎, Energy News
CNNX Anchor Systems Map

(Click to Enlarge)

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 …

Enterprise Products Plans to Convert NGL Pipeline to Crude Oil

Enterprise Products Plans to Convert NGL Pipeline to Crude Oil

Enterprise Products Partners L.P. (ticker: EPD) plans to convert one of its NGL pipelines to carry crude oil from the Permian Basin to Enterprise’s crude oil hub in the Houston area. The conversion is expected to be completed in the …

Keystone to Resume Crude Oil Deliveries Tomorrow

Keystone to Resume Crude Oil Deliveries Tomorrow

TransCanada Corporation (ticker: TRP) said its Keystone Pipeline repair and restart plans have been reviewed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) with no objections, permitting a safe and controlled return to service of the Keystone system beginning …

November 27, 2017 - 5:36 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Enbridge: We are Executing

Enbridge: We are Executing

Enbridge Q3 results: projects are moving forward

Enbridge Inc. (ENB) – ENB Q3 highlights

  • Earnings were $765 million or $0.47 per common share for the third quarter and $2,322 million or $1.57 per common share for the nine-month period, both
Oil & Gas 360 Energy News

Western Delaware Basin: Greenfield Gas Processing Project Coming Just in Time

Delaware more gassy than first thought: Producers Midstream’s new gas processing capacity, targeting operations in Q1 2018, will be able to process up to 260 MMcf/day of production

Privately held Producers Midstream, LP (PMLP) announced plans to install a new …

Encana Starts Up Midstream Processing Facility in the Montney

Encana Starts Up Midstream Processing Facility in the Montney

Two more coming online by year-end

On September 20th Encana (ticker: ECA) announced a successful startup of the Tower processing plant. The Tower plant is the first of three Veresen Midstream facilities that support Encana in the Montney. The …

September 27, 2017 - 5:21 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Howard Midstream Partners Files an S-1 Registration Statement Targeting a $200 Million Offering

Howard Midstream Partners Files an S-1 Registration Statement Targeting a $200 Million Offering

On September 12, 2017, Howard Midstream Partners, LP filed an SEC S-1 Registration Statement to issue securities with a proposed maximum aggregate offering price of $200,000,000.

The company has current operations located in South Texas, Northeastern Pennsylvania, Texas Gulf Coast, …

American Midstream Partners Selling Propane Business, Redeploying Capital

American Midstream Partners Selling Propane Business, Redeploying Capital

In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and …

Sanchez Midstream Partners Selling Non-Core Assets

Sanchez Midstream Partners Selling Non-Core Assets

Sanchez Midstream Partners, LP. (ticker: SNMP), previously Sanchez Production Partners—a midstream subsidiary of Sanchez Energy Corporation (ticker: SN)—recently announced the sale of non-core production assets.

Sanchez will be selling its Texas production assets to a private buyer for approximately $6.3 …

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

CorEnergy Infrastructure Trust, Inc. (ticker: CORR) holds the unique position of being the first publicly listed Real Estate Investment Trust that has a focus specifically in energy infrastructure. The company owns midstream and downstream assets, including pipelines, storage terminals, and …

White House Nominees May Restore FERC Quorum

White House Nominees May Restore FERC Quorum

President Donald Trump nominates Neil Chatterjee and Robert Powelson to FERC

The White House announced Monday that President Donald Trump has nominated a number of people to key administration posts, including two nominees for the Federal Energy Regulatory Commission (FERC), …

Hard to Permit Pipelines are at the Crux of U.S. Energy Development

Hard to Permit Pipelines are at the Crux of U.S. Energy Development

Oil, gas pipelines are different animals

You don’t need to do a lengthy search to find a dozen media stories about a proposed energy pipeline, especially now that pipelines have become a favorite tool for the environmental movement to protest …

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Pipeline will provide route to export Permian’s gas to Mexico and ship as LNG

Kinder Morgan, Inc. (ticker: KMI) has announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express …

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity

AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all …

Trump Administration Action Signals Plans to Move Forward with Keystone XL and Dakota Access

Trump Administration Action Signals Plans to Move Forward with Keystone XL and Dakota Access

Trump executive action could expedite energy pipeline projects

President Donald Trump signed executive actions to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that American steel should be used for pipelines built in the United States, …

Atlantic Sunrise Gas Pipeline Receives Approval

Atlantic Sunrise Gas Pipeline Receives Approval

Williams receives final Environmental Impact Statement for the Atlantic Sunrise project

Houston-based Cabot Oil & Gas Corp. (ticker: COG) announced Friday that Williams Partners (ticker: WPZ) received its final Environmental Impact Statement (EIS) from the Federal Energy Regulatory Commission (FERC) …

December 30, 2016 - 3:40 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles