After recently bringing online two “major” growth projects, with two more on the way, Boardwalk Pipeline Partners LP (BWP) management on Monday announced three initiatives worth about $65 million that are intended to add end-use markets to the company’s natural gas system and grow its liquids-related business.
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Articles from Horton
Boardwalk Doubling Capex in 2016; Gulf South Rate Case Settled
Buoyed by several pieces of good news — a rate case settlement, getting permission to put an ethylene pipeline into service, and winning approval for new natural gas pipeline capacity between Ohio and Louisiana — an optimistic Boardwalk Pipeline Partners LP announced that it plans to nearly double its budget for capital expenditures (capex) in 2016.
Boardwalk Cuts Distribution as Shale Gale Blows Cold on Earnings
Boardwalk Pipeline Partners LP on Monday slashed its quarterly distribution by 81% in order to reduce debt and fund projects following a fourth quarter that saw net income fall 78% from a year ago. Net income for 2013 was down 17% from the prior year.
Marcellus to Sit on Boardwalk Rates Again Next Year
The Marcellus Shale continues to make its presence felt, not just in the Northeast but also down south in the Gulf Coast region where Boardwalk Pipeline Partners LP continues to see its pipeline capacity discounted by a market awash in gas.
Interest Revives in Alaska North Slope’s Natural Gas
“North to Alaska, go north, the rush is on.” The old song byJohnny Horton about the Alaskan gold rush could easily be rewrittentoday — but the attraction would be the huge reserves of naturalgas there. This past week, the rush began to drum up private andpublic support to build a gas pipeline that would transport themassive untapped reserves from the Alaskan North Slope and theCanadian Mackenzie Delta to the Lower 48.