Post Tagged with: "midstream"

Whiting Looks to Pay Down Debt, Increase Drilling with Midstream Sale

Whiting Looks to Pay Down Debt, Increase Drilling with Midstream Sale

Whiting Petroleum announces $375 million sale of Bakken midstream assets

Whiting Petroleum Corp. (ticker: WLL) announced that it has entered into an agreement to sell its 50% stake in two Bakken natural gas processing facilities.

The sale of the facilities, …

Mexico’s View on the Next Five Years for Midstream

Mexico’s View on the Next Five Years for Midstream

Mexico’s midstream operator CENAGAS looking to invest more than $7.5 billion by 2020

Mexico’s deregulation of its oil and gas sector has many excited about the possibilities of new business coming down the pipes.

A great deal of attention has …

November 15, 2016 - 5:35 pm Closing Bell Story‎, Mexico, Midstream, Oil and Gas 360 Articles
Energy Prosperity Comes in Many Forms

Energy Prosperity Comes in Many Forms

Ethane’s domino effect in Pennsylvania

The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from …

An Exclusive Interview on the Permian Basin with Vaquero Midstream Principal Bill Davis

An Exclusive Interview on the Permian Basin with Vaquero Midstream Principal Bill Davis

The Permian Basin is a hot topic in the oil and gas business these days. But the Permian needs infrastructure and the exploration of the basin is really just beginning, according to Bill Davis, principal and founding partner of Vaquero …

Exclusive Interview with Andy Mah, President and CEO, Advantage Oil & Gas

Exclusive Interview with Andy Mah, President and CEO, Advantage Oil & Gas

We have chased profitability and low cost structure: Mah

Advantage Oil & Gas’s President and CEO Andy Mah spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Mah talked about drilling results in …

Tailwater Capital Announces $80 Million Commitment to Goodnight Midstream

Tailwater Capital Announces $80 Million Commitment to Goodnight Midstream

Tailwater Capital makes investment into water-handling and disposal company

Dallas-based private equity firm Tailwater Capital announced an $80 million initial equity commitment to Goodnight Midstream today. Goodnight Midstream, formerly 1804 Operating, provides water handling and salt water disposal to …

August 10, 2016 - 7:56 am Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
TopSail Energy Acquires Initial Site for Processing Facility and Announces Expansion Plans

TopSail Energy Acquires Initial Site for Processing Facility and Announces Expansion Plans

TopSail Energy announced on July 12, 2016, the company has completed the first acquisition for the newly formed midstream energy company. TopSail acquired a 44-acre undeveloped industrial site in Baytown, Texas with plans to construct a processing facility to recycle …

Resolute Announces $110 Million Midstream Sale, Potential for More Drilling

Resolute Announces $110 Million Midstream Sale, Potential for More Drilling

Resolute Energy sold off midstream assets for a $50 million payment and up to $60 million in earn-out payments

Resolute Energy Corporation (ticker: REN) announced an agreement to sell certain Permian Basin midstream assets for roughly $110 million. The purchaser …

MPLX LP Reports First Quarter 2016 Financial Results

MPLX LP Reports First Quarter 2016 Financial Results

  • Reported first-quarter adjusted EBITDA of $302 million; distributable cash flow of $236 million
  • Declared distribution of $0.505 per common unit, a 23 percent increase over first-quarter 2015
  • Announced a $1 billion private placement of convertible preferred securities with third-party investors
Oil & Gas Jobs: Who is Hiring?

Oil & Gas Jobs: Who is Hiring?

Inspections are a Critical Link to Safety

There are critical positions that need to be filled in the energy sector, even in a downcycle. One growing area in oil and gas jobs is the need for qualified inspectors for oil …

TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada purchases Columbia Pipeline Group for $10.2 billion plus assumption of debt

After years of regulatory limbo to get its Keystone XL pipeline resulted in nothing, TransCanada (ticker: TRP, TransCanada.com) found a new way to continue expanding its North …

Cushing Full by June, Then What?

Cushing Full by June, Then What?

With so much oil being produced in the U.S. and nowhere to store it, why are we still importing?

Crude oil stocks continued to build last week to levels well above the five-year average as global oversupply persists. Production in …

Crude by Rail is Down

Crude by Rail is Down

Decreased price spread and new pipelines are decreasing crude by rail shipments

EIA Crude by Rail

The movement of crude oil by rail is down in the United States. Crude by rail shipments reached a peak in October 2014 at 928 MBOPD before trending …

Energy Capital Firms Adding Horsepower

Energy Capital Firms Adding Horsepower

Tailwater, Stephens Make Executive Hires

Tailwater Brings in MLP/Midstream Vet Stephen Lipscomb

Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president.

Lipscomb brings nine years’ experience including midstream operations, …

Oil & Gas 360 Energy News

MLPs: Time for a Second Look?

MLPs: Finding Yield

After seven years of the most accommodative monetary policy in U.S. history, Janet Yellen and the Federal Reserve decided on December 16, 2015 to raise the federal funds target rate from 0 to 0.25 percent to 0.25 …

TopSail Energy LP Formed with $100 Million Commitment from Tailwater Capital

TopSail Energy LP Formed with $100 Million Commitment from Tailwater Capital

TopSail will be primarily focused on purchasing and developing refined products logistics and processing

Tailwater Capital has announced the formation of TopSail Energy LP, with an initial commitment of $100 million. The newly formed portfolio company will focus on purchasing …

February 25, 2016 - 2:23 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Energy Professionals: You Are Mobile

Energy Professionals: You Are Mobile

Energy Industry Professionals: You are Mobile - Oil & Gas 360 Closing Bell Report global-audience

The point is:  people in the energy business are extremely mobile.

One glance at “Closing Bell Report” on your computer, phone or tablet tells you exactly what’s going on in the global oil and gas industry that day.

“Closing …

Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

Shifting sanctions force Russia’s TMK into different markets; company plans U.S. layoffs

TMK Group, a major supplier of oil and gas pipeline around the world, is looking eagerly toward increased business in Iran as sanctions against the country are removed …

Trans-Alaska oil pipeline

Canada and Alberta Recognize They Desperately Need More Oil Pipelines

With Only One Oil Customer, Canada is “Leaving Billions of Dollars on the Table”

Alberta Premier Rachel Notley has called for more pipelines to help transport Canada’s crude oil to international markets. The lack of infrastructure has left the Canadian …

Energy Opportunities are in the Sights of Private Equity Firms: An Exclusive Interview with Jason Downie, Co-Founder of Tailwater Capital

Energy Opportunities are in the Sights of Private Equity Firms: An Exclusive Interview with Jason Downie, Co-Founder of Tailwater Capital

“There’s a lot of capital on the sidelines. … From a timing perspective, I would imagine there’s a major effort to deploy capital this year.” – Jason Downie, Tailwater Capital

The energy space has changed. But with change comes opportunity, …

MLPs in a World of $30 Oil: An exclusive interview with Alerian President and CEO Kenny Feng

MLPs in a World of $30 Oil: An exclusive interview with Alerian President and CEO Kenny Feng

Master Limited Partnerships (MLPs) have become a popular financial structure for investors in the energy space. The MLP structure avoids a corporate tax, allowing the MLP to distribute more of its cash flow in dividends to unitholders compared to traditional …

February 3, 2016 - 5:52 pm Closing Bell Story‎, Midstream, MLPs, Oil and Gas 360 Articles
Source: XOM

Oil and Gas M&A Down in 2015, but Deals are in Sight

M&A at lowest level in a decade despite megadeals

Many in the oil and gas industry adopted a “wait and see” mentality following the crash in oil prices in November 2014, and mergers and acquisitions in the industry hit the …

WPX Energy Ends an Active 2015 with Gathering System Sale

WPX Energy Ends an Active 2015 with Gathering System Sale

Industry-wide divestiture levels were down on a year-over-year basis in 2015, but WPX Energy (ticker: WPX) did more than its fair share on the mergers and acquisitions front.

On December 31, 2015, the Tulsa-based exploration and production company announced the …

Oil & Gas 360 Energy News

Inter Pipeline Announces $250 Million Capital Expenditure Program for 2016

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are …

December 21, 2015 - 3:33 pm Canada, Closing Bell Story‎, Energy News, Midstream
Oil & Gas 360® Reaches 1.5 Million Pageviews

Oil & Gas 360® Reaches 1.5 Million Pageviews

Website owners used to call them “hits”  

Today, we’ve become sophisticated. We call them “pageviews.”

EnerCom launched Oil & Gas 360® – www.OilandGas360.com – in 2010. In the beginning, the numbers were bleak:

  • Thursday, Jan. 14, 2010, pageviews = 0.
December 11, 2015 - 6:26 pm Closing Bell Story‎, Oil and Gas 360 Articles
What do the Most Successful Energy Companies Have in Common?

What do the Most Successful Energy Companies Have in Common?

ANSWER: Smart people, strong leadership, and a relentless drive to create success.

Peek behind the front doors of the companies finding, producing, transporting and transforming energy.

While oil and gas companies across the planet are battling a commodities price environment …

December 10, 2015 - 5:10 pm Oil and Gas 360 Articles
$3.7 Billion Dakota Access Oil Pipeline Greenlighted by South Dakota

$3.7 Billion Dakota Access Oil Pipeline Greenlighted by South Dakota

Initial capacity on the pipeline would be 450 MBOPD, with growth potential to 570 MBOPD

The South Dakota Public Utilities Commission (PUC) announced this week that it has decided to approve Energy Transfer Partner’s (ticker: ETP) Dakota Access Pipeline project …

December 2, 2015 - 1:50 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Happy Thanksgiving to Our Clients, Friends, Colleagues and Partners

Happy Thanksgiving to Our Clients, Friends, Colleagues and Partners

Dear Clients, Friends, Colleagues, and Partners:

Happy Thanksgiving.

EnerCom started 22 years ago with a single purpose – to provide needed consulting services to a worldwide client base in the oil and gas sector. Today, we engage with energy companies …

November 24, 2015 - 6:49 pm Closing Bell Story‎, People
TRP Analyst Day: “More to the TransCanada Story than Keystone XL”

TRP Analyst Day: “More to the TransCanada Story than Keystone XL”

Inventory Backlog Reaches $40 Billion and Counting

*Note: All figures in Canadian dollars unless said otherwise

The Obama administration’s rejection of the Keystone XL pipeline on November 6, 2015, was not a huge surprise to the public majority following the …

TransCanada Changes Scope of Energy East Pipeline

TransCanada Changes Scope of Energy East Pipeline

TransCanada to remove a port on the Energy East pipeline route

TransCanada announced today that the company has decided to remove a port on its Energy East pipeline project from Quebec. The company said the decision was made after listening …