Post Tagged with: "Pipelines"

Source: Houston Chronicle

Enterprise Products Partners closes year with record $4.6 billion profit

Houston Chronicle


Houston pipeline operator Enterprise Products Partners finished 2019 with a record $4.6 billion profit after shattering 28 company records.

In an early Thursday morning statement, Enterprise said it ended the year with a record $4.6 billion profit, a …

EIA expects U.S. net natural gas exports to almost double by 2021

EIA expects U.S. net natural gas exports to almost double by 2021

EIA


EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.

 

EIA expects U.S. net natural gas exports to almost double by 2021 - oilandgas360

In its Short-Term Energy

Source: Houston Chronicle

Newly formed Houston pipeline company lands $400 million in financing

Houston Chronicle


A newly formed Houston pipeline company has landed $400 million in financing from San Antonio private equity firm EnCap Flatrock Midstream.

Launched just before Thanksgiving and headquartered off Post Oak Boulevard in Houston’s Galleria district, Edgewater Midstream is …

January 8, 2020 - 2:30 pm Closing Bell Story‎, Energy News, Pipeline News
Source: Houston Chronicle

NuStar makes $400 million bet on export growth at Port of Corpus Christi

Houston Chronicle


San Antonio pipeline operator NuStar Energy is making a $400 million bet on the growth of exports at the Port of Corpus Christi.

During a Tuesday morning presentation at the 2019 RBC Capital Markets Midstream Conference in Dallas, …

November 21, 2019 - 11:00 am Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

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.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters


U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell …

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: Cameron LNG Media Kit

LNG Takes up 7 Percent U.S. Gas Production in July

From The Houston Chronicle


U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.

Last month gas deliveries to LNG export facilities reached …

August 19, 2019 - 6:03 am Closing Bell Story‎, Energy News, LNG, Natural Gas News, Trade
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

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Trump Administration Moves to Limit State Powers to Block Pipelines, Terminals

Trump Administration Moves to Limit State Powers to Block Pipelines, Terminals

From Reuters


The U.S. Environmental Protection Agency on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, as part of the Trump administration’s effort to boost domestic oil, gas and coal development.

The …

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

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

The Permian Oil Boom Is Showing Signs of Overheating

The Permian Oil Boom Is Showing Signs of Overheating

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower

At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …

Source: Jefferies Group Facebook Page

Dirty Water Holds Biggest Promise for Pipeline Companies, Jefferies Says

From Bloomberg


For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.

As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with …

Prime minister-designate Justin Trudeau attends his first official news conference at the National Press Theatre in Ottawa, Tuesday Oct.20, 2015. THE CANADIAN PRESS/Adrian Wyld

Oil Execs say Bill C-69 Still So Flawed No Pipelines Will Be Built

Bill as is could kill investment – no future pipelines would be built

From the Calgary Herald

After it was announced Wednesday that the federal Liberal government would not accept all 188 amendments to the disastrous Impact Assessment Act, or …

Trump’s Exec. Order Would Make it Harder to Block Pipelines

Trump’s Exec. Order Would Make it Harder to Block Pipelines

From the Associated Press

WASHINGTON (AP) — President Donald Trump will announce an executive order during a trip to Texas on Wednesday that could make it harder for states to scuttle pipelines and other energy projects based on concerns about …

April 10, 2019 - 4:17 pm Closing Bell Story‎, Energy News, Midstream, Regulatory
WPX Energy, Catalyst Midstream Partners, LLC Delaware basin Joint Venture construction. Pipeline construction near Tucker Draw wells. Phoenix rig 10, left and H&P rig 566, right.

U.S. Oil Projects Begin to Falter as Producers Curb Spending

From Reuters

The number of pipeline and storage terminal projects proposed to move shale to the U.S. Gulf Coast has dwindled amid steps by oil producers to pare exploration spending.

Last year, booming West Texas production overwhelmed existing pipelines out …

Trump Eyes Action to Limit States’ Powers to Block Pipelines

Trump Eyes Action to Limit States’ Powers to Block Pipelines

From Bloomberg

The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to three people familiar with the deliberations.

The effort, possibly done through an executive order, …

January 25, 2019 - 4:06 pm Closing Bell Story‎, Energy News, MLP News
Permian Constraints to Ease, Differential Estimate to Shrink by End of 2019: Raymond James

Permian Constraints to Ease, Differential Estimate to Shrink by End of 2019: Raymond James

From the Midland Reporter Telegram

A new report says crude oil pipeline constraints in the booming Permian Basin may end sooner than expected and prices will be less affected than previously believed.

The report by analysts at Raymond James says …

September 26, 2018 - 1:35 pm Closing Bell Story‎, Energy News, Midstream
Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

From the Mercury News

In a move aimed at stopping President Trump’s plans to expand offshore oil drilling along the California coast, Gov. Jerry Brown on Saturday signed two laws that prohibit construction of new pipelines that could bring the …

September 10, 2018 - 8:55 am Closing Bell Story‎, Energy News, Politics & Opinions
Permian’s Pipeline Constraints Produced $1.4 Billion in Deferred Completions, but Midstream Construction is on a Tear: Westwood

Permian’s Pipeline Constraints Produced $1.4 Billion in Deferred Completions, but Midstream Construction is on a Tear: Westwood

Firm sees $6.7 billion CapEx going into Permian pipeline construction in 2018-2019

Research firm Westwood Global has quantified the result of takeaway constraints in the Permian Basin.

Westwood calculates 345 completions are likely to be deferred by the end of …

Photo by Mike Goldwater"

Small U.S. Oil Producers Face Output Squeeze as Pipelines Fill

From Reuters

As pipelines out of the largest U.S. oil field reach capacity in the coming months, further depressing West Texas crude prices, smaller producers will have to slow or shut-in production, according to oil executives.

Soaring production in U.S. …

CEOs Talk About Solving DJ Takeaway Problems that Plague Northern Colorado’s Producers

CEOs Talk About Solving DJ Takeaway Problems that Plague Northern Colorado’s Producers

Companies in the Wattenberg can’t accurately evaluate the performance of wells that are continuously choked back or temporarily shut in due to lack of pipeline capacity

Producers forced to constrain production 

During their recent Q1 earnings calls, Bart Brookman, president …

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Inadequate pipeline capacity to U.S. and no pipelines to move oil to tidewater ports forces Canadian oil to sell at a big discount

Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …

Quantifying the Effects of Canada’s Takeaway Trouble

Quantifying the Effects of Canada’s Takeaway Trouble

Canada’s PSAC Cuts Canadian Drilling Activity Forecast for 2018

Without adequate pipeline capacity or forthcoming export projects for Canada’s crude oil and natural gas, there is a tough energy economy in Canada that is going to be taking an economic …

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.

“The …

Canacol Energy Ltd.: Largest Caribbean Supplier of Natural Gas

Canacol Energy Ltd.: Largest Caribbean Supplier of Natural Gas

Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. …

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 …