On October 23, 2017 Martin Midstream Partners (ticker: MMLP) and ONEOK (ticker: OKE) announced that the West Texas LPG Pipeline Limited Partnership joint venture (which MMLP owns 20% interest and OKE owns 80%) plans to invest approximately $200 million to expand its natural gas liquid (NGL) system into the Delaware basin. The expansion plans call for the new capacity to
220,000 BPD pipe: targeting early 2018 for initial phase in-service date EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’
Goodnight Midstream announced a multi-year partnership to provide pipeline disposal service for Callon Petroleum Company (Ticker: CPE) in the southern Delaware Basin. Goodnight Midstream will build, own and operate a produced water pipeline connecting Callon’s Spur acreage in Ward County, Texas to saltwater disposal wells in the Central Basin Platform. Goodnight Midstream said volumes of disposed water would be transported to the Central Basin Platform, which is
Magellan Midstream Partners, L.P. (ticker: MMP) announced this week that it will build a 60-mile, 24-inch pipeline that connects Wink and Crane, TX. The pipeline’s price tag will be approximately $150,000,000. The pipeline should be operational midway through 2019, the company said in a press release. The new pipeline will serve direct service from the Delaware basin to the Crane
Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of Sierra Club v. the Federal Energy Regulatory Commission (FERC) and Duke Energy. “The petition for review in No. 16-1329 is
Two subsidiaries of Energy Transfer Partners (ticker: ETP), Energy Transfer Interstate Holdings, LLC and ET Rover Pipeline LLC, announced July 31 that they would be selling a 49.9% interest in HoldCo, which owns a 65% interest in the Rover Pipeline—amounting to a 32.44% stake of the pipeline. The sale of the pipeline interest is going to Blackstone Energy Partners and
Shipping choke points could be security threat The EIA estimates that approximately 61% of the total world petroleum supply—or 58.9 million BOPD—travelled in maritime tankers. The oil in these tankers represents nearly 28% of the world’s shipping in weight alone. The EIA defines oil chokepoints as narrow channels along widely used global sea routes. Some of these points are so
TransCanada Corporation (ticker: TRP) will be reimbursed for all of the costs and charges it incurred to develop the Prince Rupert Gas Transmission (PRGT) project, following the announcement from Pacific NorthWest LNG that it was cancelling its approximately $11 billion liquefied natural gas terminal. Pacific NorthWest LNG is an affiliate of the Malaysian oil and gas company, PETRONAS. The PRGT
Mexico’s National Center for Natural Gas Control (CENAGAS) conducted its first open season for capacity rights to its natural gas pipeline grid. The auction took place in May, 2017. In “Round 0”, which took place in October, 2016, CENAGAS allocated approximately 4.1 Bcf per day of capacity to PEMEX, Mexico’s Federal Electricity Commission, and a number of independent power producers.
Gas pipelines critical to get gas to Florida – state added 3.4 GW of gas-fired power since 2016, another 3.9 GW coming in next 6 years The retirement of older coal and oil-fired power plants in the state has instigated the need for new natural gas generation capacity and, because Florida lacks the appropriate geology for underground natural gas storage,
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 million. The sale is expected to close in Q3, 2017. The company also expects to close the sale of its
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 distribution facilities. CorEnergy’s assets provide stable cash flows, on long-term assets, with little sensitivity to variations in commodity prices. The
