Midstream

Appeals Court Rebuffs Enviro Groups, Keeps MVP Authorizations in Place

Appeals Court Rebuffs Enviro Groups, Keeps MVP Authorizations in Place

The U.S. Court of Appeals for the D.C. Circuit on Friday rebuffed a challenge mounted by environmental groups seeking to stop Mountain Valley Pipeline LLC from restarting construction in areas reauthorized by FERC. A coalition including the Sierra Club, Appalachian Voices and the Chesapeake Climate Action Network late last month filed an emergency motion asking…

February 22, 2021
DCP Taking ‘Conservative’ Approach to 2021 Volumes and Commodity Pricing

DCP Taking ‘Conservative’ Approach to 2021 Volumes and Commodity Pricing

Executives at Denver-based DCP Midstream LP said during their fourth quarter earnings call that they were committed to cost reductions, retiring debt and growing excess free cash flow in 2021. In 2020, “We were able to navigate a double black swan event that eviscerated demand, plunged oil prices into negative territory and fundamentally changed the…

February 18, 2021
Plains Eyeing Modest Permian Growth, Debt Reduction in 2021

Plains Eyeing Modest Permian Growth, Debt Reduction in 2021

Plains All American LP remains in maintenance mode for now, but it has plenty of operational flexibility to accommodate production growth from the Permian Basin that may arise following the rapid uptick in oil prices. West Texas Intermediate crude is nearing $60/bbl, but CEO Willie Chiang expects to see only “modest growth” out of the…

February 11, 2021
Permian Gains Another Natural Gas Conduit as 1.8 Bcf/d Agua Blanca Ramps Up

Permian Gains Another Natural Gas Conduit as 1.8 Bcf/d Agua Blanca Ramps Up

WhiteWater Midstream and MPLX LP announced Wednesday the completion of a substantial natural gas pipeline expansion in the Permian Basin that delivers gas to the Waha hub in Texas for production. The 1.8 Bcf/d Agua Blanca expansion has entered commercial service and connects nearly 20 gas processing sites in the Delaware sub-basin of the Permian,…

January 28, 2021
North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Kinder Morgan Inc. kicked off earnings season for North American oil and gas midstream companies, reporting lower transportation volumes across its systems but continuing to improve its balance sheet. The Houston-based midstreamer plans to toe the line this year when it…

January 26, 2021
North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

North American Oil, Gas Midstream Outlook Focus of Latest NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Kinder Morgan Inc. kicked off earnings season for North American oil and gas midstream companies, reporting lower transportation volumes across its systems but continuing to improve its balance sheet. The Houston-based midstreamer plans to toe the line this year when it…

January 25, 2021
Mexico Exports, LNG in Focus for Kinder Morgan in 2021

Mexico Exports, LNG in Focus for Kinder Morgan in 2021

Kinder Morgan Inc. (KMI) continued to improve its balance sheet in the final three months of 2020, but the company is toeing the line when it comes to spending this year, focusing on projects supporting the rampant growth in exports. Speaking during a conference call Wednesday, CEO Steven Kean said 2020 “has shown us how…

January 25, 2021
Kinder Morgan Sees LNG at Center of Midstream Expansions

Kinder Morgan Sees LNG at Center of Midstream Expansions

Kinder Morgan Inc. (KMI) continued to improve its balance sheet in the final three months of 2020, but the company is toeing the line when it comes to spending this year, focusing on projects supporting the rampant growth in exports. Speaking during a conference call Wednesday, CEO Steven Kean said 2020 “has shown us how…

January 21, 2021
Summit’s Permian Natural Gas Conduit Gets FERC OK to Start Construction

Summit’s Permian Natural Gas Conduit Gets FERC OK to Start Construction

Federal regulators have approved the start of construction on all but a small portion of Summit Midstream Partners LP’s 135-mile Double E natural gas pipeline that would connect Permian Basin supplies to the Gulf Coast. Summit CEO Heath Deneke touted the “efficiency with which this project has achieved its key milestones” and confirmed the pipeline’s…

January 14, 2021
U.S. Midstream Possibly Normalizing in 2021, but Overbuild Still Major Problem, Say Experts

U.S. Midstream Possibly Normalizing in 2021, but Overbuild Still Major Problem, Say Experts

The North American oil and natural gas midstream sector is certainly not “out of the woods,” but 2021 could look relatively “normal” in 2021, according to Raymond James & Associates Inc. Though driven largely by supply, the Raymond James team remains bullish on the price outlook across the hydrocarbon spectrum. The analysts said the demand-pull…

January 11, 2021
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