Ohio-based Marathon Petroleum Corp.’s midstream master limited partnership (MLP), MPLX LP, closed a $220 million oil pipeline acquisition and separately received a $2 billion dropdown of oil terminal, pipeline and storage assets from Marathon. The newly acquired assets include 62 light-product terminals with approximately 24 million bbls of storage capacity, 11 pipeline systems totaling 604 miles, 73 tanks with about 7.8 million bbls of storage capacity, a crude oil truck unloading facility at Marathon’s Canton, OH, refinery, and eight natural gas liquids storage caverns with about 1.8 million bbls of capacity in Woodhaven, MI. Meanwhile, the pipeline purchase closure was for Enbridge Pipelines LLC’s Ozark line, a 433-mile 22-inch diameter crude pipeline originating at the oil hub in Cushing, OK, and terminating in Wood River, IL. Ozark has a capacity of 230,000 b/d, which MPLX is planning to expand to 345,000 b/d by 2Q2018.
Capacity
Articles from Capacity
Capacity Available in Proposed Permian-to-Corpus Christi, TX, Crude Pipeline
EPIC Pipeline Co. LLC is offering capacity in a proposed crude oil and condensate pipeline that would run from the Permian Basin to Corpus Christi, TX, with multiple receipt points in the western Permian serving producers in the Delaware and Midland sub-basins.
REX Expansion Reveals Changes to Appalachian Price, Production Landscape
Three months since it was put into service, the 800 MMcf/d east-to-west Zone 3 capacity enhancement of the Rockies Express Pipeline (REX) has effectively erased a noticeable advantage Marcellus Shale pricing had enjoyed compared with the neighboring Utica Shale, an analysis of NGI prices shows.
NatGas/Renewables in 2016 Drove Largest Electric Generating Capacity Increase in Years
Driven by natural gas and renewables, the U.S. power grid added more than 27 GW of electricity generating capacity last year, the largest amount added since 2012, the Energy Information Administration (EIA) said Monday in aToday in Energy note.
Flattening Basis Will See Capacity Trades ‘Going Short or Going Long,’ Skipping Stone Says
As basis differentials erode with new pipeline expansions and reversals coming online, 2017 could see capacity markets shift to increasingly shorter- or longer-term trades, according to new analysis from Skipping Stone and Capacity Center.
TransCanada Tries Tempting Shippers Again With Discounted Mainline Capacity
A second attempt began Wednesday at using toll discounts to refill TransCanada Corp.’s half-empty natural gas Mainline from Alberta to Ontario and Quebec.
Oregon Coal Plant Closure Problematic For Planners, PGE CEO Says
More natural gas-fired power generation could be part of the future energy mix in Oregon, but it is not being swallowed easily by some stakeholders as they wrestle with what to do to replace a major coal-fired plant that is set to close in 2020, Portland General Electric (PGE) CEO Jim Piro said Friday.
Tallgrass to Launch Open Season For REX’s Expanded Zone 3 Enhancement Project
Tallgrass Energy Partners LP said it will launch an open season for an additional 150 MMcf/d of capacity along a recently expanded portion of the Rockies Express Pipeline LLC (REX) system and is considering adding bi-directional capacity elsewhere.
Mexico Holding Import Pipeline Capacity Auction This Week
The last piece in Mexico’s inaugural natural gas market opening process fell into place this week as pipeline network system operator Centro Nacional de Control de Gas Natural (Cenagas) on Monday published terms for its first importation infrastructure capacity auction, to be held on Friday (Feb. 17).
Appalachia NatGas Takeaway Bounty Seen Tempering Henry Hub Prices Long-Term
A massive increase in natural gas pipeline capacity from Appalachia is poised to hit the market over the next couple of years, which when combined with a likelier looser federal regulatory environment, may temper Henry Hub prices in 2018 and beyond.
