Midstream

Energy Transfer Converting Portion of Mariner East, Expects DAPL to Continue Operating

Energy Transfer Converting Portion of Mariner East, Expects DAPL to Continue Operating

Energy Transfer LP (ET) is in the process of converting a portion of the Mariner East natural gas liquids (NGL) pipeline to refined products to capture price blowouts between Chicago and New York markets this winter. Newly named Co-CEO Mackie McCrea told investors during the third quarter earnings call last Wednesday the repurposed portion of…

November 6, 2020
Plains, Enable Execs Cautiously Upbeat on Lower 48 Activity, Higher Natural Gas Prices

Plains, Enable Execs Cautiously Upbeat on Lower 48 Activity, Higher Natural Gas Prices

No matter who becomes the U.S. president, midstream executives are optimistic about the upcoming year given the improved price outlook for natural gas and the level of activity that has been spurred by producer customers, particularly in the Haynesville Shale. Speaking early Tuesday on the third quarter earnings call, Plains All American LP CEO Willie…

November 5, 2020
Renegotiated Natural Gas Pipeline Contracts to Cost Mexico’s CFE $6.84B, Federal Auditor Says

Renegotiated Natural Gas Pipeline Contracts to Cost Mexico’s CFE $6.84B, Federal Auditor Says

The renegotiation by Mexico’s state power utility Comisión Federal de Electricidad (CFE) of five firm natural gas capacity contracts will cost CFE an extra $6.84 billion over the duration of the contracts, according to a new report by congressional audit office Auditoría Superior de la Federación (ASF). This assessment contradicts declarations by President Andrés Manuel…

November 2, 2020
Phillips 66 Sees Midstream Consolidation as ‘Likely to Happen’

Phillips 66 Sees Midstream Consolidation as ‘Likely to Happen’

After the recent flurry of mergers and acquisitions in the upstream space across North America, Phillips 66 thinks the midstream space is ripe for consolidation. The Houston-based management group discussed third quarter performance for the energy manufacturing and logistics firm during a conference call with analysts Friday. CFO Kevin Mitchell thinks the company could position…

November 2, 2020
Kinder Turns 3Q Profit, Notes Positive Momentum for Natural Gas

Kinder Turns 3Q Profit, Notes Positive Momentum for Natural Gas

Kinder Morgan Inc. moved back to the positive side of the ledger during the third quarter, but management for the midstream giant remains keenly aware of the lingering uncertainties facing the oil and gas industry. “We’re not on the other side of the downturn of the U.S. energy industry,” CEO Steven Keen said Wednesday during…

October 22, 2020
‘Quiet’ Quarterly Earnings Season Predicted for E&Ps, OFS but Covid Questions Loom

‘Quiet’ Quarterly Earnings Season Predicted for E&Ps, OFS but Covid Questions Loom

Natural gas and oil operators are likely to report a return to normalcy — but not growth — when they unveil their third quarter results in the coming weeks, but the demand forecasts may be hazy amid a historic hurricane season and the expanded wave of damaging Covid-19 infections.  Schlumberger Ltd., the world’s largest oilfield…

October 15, 2020
Navigator Testing Support to Move More Crude from Cushing

Navigator Testing Support to Move More Crude from Cushing

Dallas midstreamer Navigator Borger Express LLC has launched a binding open season on its planned Borger Express crude pipeline system from the Cushing hub in Oklahoma to Borger, TX.  The 90,000 b/d Borger Express would provide transport services by utilizing 180 miles of an existing oil pipeline, and constructing nearly 200 miles of 16-inch diameter…

October 5, 2020
Two Midstreamers Pick Up Water, Natural Gas Pipelines in Separate Lower 48 Deals

Two Midstreamers Pick Up Water, Natural Gas Pipelines in Separate Lower 48 Deals

Houston-based Black Bear Transmission LLC said Thursday it has completed the sale of natural gas gathering assets in Oklahoma and Arkansas acquired earlier this year from Enbridge Inc.   The assets, owned by Ozark Gas Gathering LLC (OGG), were sold to an undisclosed buyer and terms were not released. OGG was acquired from Enbridge as part…

October 1, 2020
Forest Service Seeking to Streamline Oil, Natural Gas Project Approvals Through Rule Change

Forest Service Seeking to Streamline Oil, Natural Gas Project Approvals Through Rule Change

The U.S. Forest Service (USFS) is proposing to streamline the approval process for oil and natural gas development in national forests and grasslands. The proposed rule, issued on Tuesday, is posted in the Federal Register and available for public comment until Nov. 2. The overhaul, part of a larger mandate by the Trump administration to…

September 3, 2020
Matador Doubles Up Permian Natural Gas Processing Capacity in New Mexico

Matador Doubles Up Permian Natural Gas Processing Capacity in New Mexico

Dallas-based independent Matador Resources Co. and midstream affiliate San Mateo Midstream have ramped up an expansion at the Black River cryogenic natural gas processing plant in Eddy County, NM, to serve the Permian Basin Delaware.  The 200 MMcf/d expansion at the San Mateo facility brings total incremental design inlet capacity to 460 MMcf/d. The expansion…

September 3, 2020
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