Post Tagged with: "midstream"

Kinder Morgan Lands Bakken Position with $3 Billion Purchase

Kinder Morgan Lands Bakken Position with $3 Billion Purchase

Richard Kinder to Step Down from CEO Position

Kinder Morgan (ticker: KMI) may have the longest gas pipeline network in North America, but the continent’s third largest energy company (based on enterprise value), surprisingly, did not have a stake in …

January 22, 2015 - 6:20 pm Earnings, Midstream, MLPs, Oil and Gas 360 Articles
Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners

Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners

Enterprise Products Partners (ticker: EPD), the largest Limited Partnership listed on EnerCom’s MLP Scorecard, has announced Phase Two of the acquisition of Oiltanking Partners (ticker: OILT) in a unit-for-unit merger agreement. Per the agreement, OILT shareholders will receive a …

November 12, 2014 - 6:49 pm Finance, Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles
Hopes for the Keystone XL Pipeline Renewed After Mid-Term Elections

Hopes for the Keystone XL Pipeline Renewed After Mid-Term Elections

After the Republican victories in the mid-term elections, many are now talking about the likely approval of the long awaited Keystone XL Pipeline. The pipeline, which would stretch 1,179 miles from Hardisty, Alberta to Steele City, Nebraska, has been in …

Plains All American, Enterprise Products to Expand Eagle Ford Takeaway, Build New Export Facility

Plains All American, Enterprise Products to Expand Eagle Ford Takeaway, Build New Export Facility

Joint venture will double mainline capacity to 600,000 BOPD and add new deepwater marine terminal.

Plains All American Pipeline, L.P. (ticker: PAA) and Enterprise Products Partners L.P. (ticker: EPD) will construct a new condensate gathering system into their Three Rivers …

November 4, 2014 - 5:45 pm Midstream, MLPs, Oil and Gas 360 Articles
EnLink’s $235 Million Midstream Acquisitions Increase Capabilities in the Gulf

EnLink’s $235 Million Midstream Acquisitions Increase Capabilities in the Gulf

Henry Hub Transfers Ownership

The EnLink Midstream companies, EnLink Midstream Partners, LP (ticker:ENLK) and EnLink Midstream, LLC (ticker:ENLC) completed a $235 million deal agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC (ticker:CVX) for three different natural gas …

November 3, 2014 - 6:40 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects

ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects

PR Newswire

Completed Projects Include Garden Creek III Natural Gas Processing Facility, Expansion of the Bakken NGL Pipeline and Niobrara NGL Lateral Pipeline

TULSA, Okla., Oct. 30, 2014 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS)

October 30, 2014 - 7:33 pm Energy News, Midstream, MLPs
Supermajor Makes Splash with MLP IPO

Supermajor Makes Splash with MLP IPO

In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an …

October 29, 2014 - 6:28 pm Analytics, MLPs, Oil and Gas 360 Articles
Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

On Sunday, October 19, 2014, Tesoro Logistics (ticker: TLLP) announced the acquisition of QEP Field Services in a deal equaling $2.5 billion. TLLP also acquires a 58% working interest in QEP Midstream Partners (ticker: QEPM), a wholly owned natural gas …

October 20, 2014 - 6:52 pm Midstream, MLPs, Oil and Gas 360 Articles
Constellation Energy Partners will Rebrand as Sanchez Production Partners LLC

Constellation Energy Partners will Rebrand as Sanchez Production Partners LLC

New Ticker Symbol Scheduled to Take Effect Monday, Oct. 6, 2014

After the close of the markets on Friday, Constellation Energy Partners LLC (NYSE MKT: CEP) will change its name to Sanchez Production Partners LLC (NYSE MKT: SPP). Constellation Energy …

October 2, 2014 - 5:39 pm Midstream, Oil and Gas 360 Articles
NiSource Joins the Crowd with New MLP Spin Off

NiSource Joins the Crowd with New MLP Spin Off

NiSource Inc. (ticker: NI) said yesterday it will file a registration statement for an IPO of common units for a new MLP whose assets will consist of a 14.6% interest in CPG OpCo LP, which will own the natural gas …

September 29, 2014 - 5:08 pm Midstream, MLPs, Oil and Gas 360 Articles
Proposed Projects Would Move Colorado Oil to Oklahoma, California

Proposed Projects Would Move Colorado Oil to Oklahoma, California

Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal.

When …

September 16, 2014 - 6:49 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

GE, Accenture Roll Out New Pipeline Technology

Avoiding Downtime During Winter Freeze is the Goal

Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in …

September 8, 2014 - 5:18 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

$2.7 Billion in New Marcellus Pipeline Infrastructure Announced this Week

In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production …

August 14, 2014 - 5:51 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January …

U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

RPC, Inc. (ticker: RES) provides specialized oilfield services and equipment to independent and major oilfield companies. The company operates in two business segments: technical services and support services. Its Q2’14 results, announced on July 23, 2014, reported quarterly revenue of …

July 23, 2014 - 5:16 pm Finance, Oil and Gas 360 Articles
Keystone XL:  2,119 Days and Counting

Keystone XL: 2,119 Days and Counting

20,000 U.S. Jobs, $7B Project Stuck in Limbo

As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval.…

July 9, 2014 - 5:48 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory

Range Resources Surpasses Net Production of 1 Bcfe/d, Marcellus Wells Continue to Beat Type Curve

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

December 27, 2013 - 2:10 pm Fracing, Midstream, Oil and Gas 360 Articles
Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …

December 17, 2013 - 2:24 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

QEP Resources Separates from Midstream Business; Anticipates Boost for Shareholders

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas …

December 3, 2013 - 4:28 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Unit Corp: Three Parts Make a Whole; Grows Reserves 29% in 2012

Unit Corp: Three Parts Make a Whole; Grows Reserves 29% in 2012

Unit Corporation (ticker: UNT) is a unique company in the oil and natural gas industry. The company is a diversified energy company through its subsidiaries Unit Petroleum Co, Unit Drilling Co and Superior Pipeline Co. As such, there are a …

February 8, 2013 - 8:38 pm Midstream, Oil and Gas 360 Articles

Unit Corporation Reports Q1'12 Results; All Three Segments Focused on Oil and Liquids Growth

Unit Corporation (NYSE: UNT) is a diversified oil and gas company engaged in the exploration and production of oil and natural gas, contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. UNT …

May 3, 2012 - 4:23 pm Midstream, Oil and Gas 360 Articles
UNT Reports Q4'11 and Year-end Results; All Operating Segments Driving Results; 55% Increase in Oil and Liquids Production Drives Earnings Higher 34% YOY

UNT Reports Q4'11 and Year-end Results; All Operating Segments Driving Results; 55% Increase in Oil and Liquids Production Drives Earnings Higher 34% YOY

On February 21, 2012 Unit Corporation (NYSE: UNT) announced financial results for Q4 and year-end 2011. For Q4’11, the company reported net income of $51.7 million, or $1.08 per diluted share, as compared to Q4’10 net income of $43.7 million, …

February 21, 2012 - 4:29 pm Earnings, Midstream, Oil and Gas 360 Articles