Phillips

Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Equity Partners LP is offering incentive rates across its midstream portfolio in order to generate revenue, but management expects the natural gas liquids (NGL) storage and rail-to-truck liquid petroleum gas (LPG) terminal assets that it recently acquired to be the largest contributor to a projected 3% year/year increase in earnings this year.

May 6, 2020

Phillips 66 Earmarks $3.3B Capex for 2020, Targeting Pipelines, NGL Fractionation

Phillips 66 has set its consolidated 2020 capital budget at $3.34 billion, comprising $2.15 billion of growth capital and $1.19 billion of sustaining capital, the company said last week.

December 17, 2019

Phillips 66, Kinder Test Support for Permian-to-Houston Crude Route

Phillips 66 Partners and Kinder Morgan Inc. (KMI) are teaming up to offer a new route for transporting crude oil out of the Permian Basin to markets along the Gulf Coast, the companies announced Monday.

February 11, 2019
Barclays Says Natural Gas-Oil Ratio ‘Fly in the Ointment’ Possibly Impacting Infrastructure

Barclays Says Natural Gas-Oil Ratio ‘Fly in the Ointment’ Possibly Impacting Infrastructure

Oil has lost more than half of its relative price premium to natural gas in the past few months, with the ratio of Brent crude Henry Hub hitting its lowest level since 2009 at the end of November, but a retracement is expected in 2019, according to Barclays Research.

December 21, 2018

Phillips 66 Launches Open Seasons For Crude Oil Projects

Phillips 66 and affiliate Phillips 66 Partners on Friday announced a suite of new crude oil pipeline projects and expansions to move growing volumes from the Rockies, West Texas, Midcontinent and Bakken shale production areas to points along the Gulf Coast.

November 9, 2018

Chevron Phillips CEO Credits ‘Shale Revolution’ in Ramping Up Ethane Cracker in Southeast Texas

Chevron Phillips Chemical Co. LP has introduced feedstock and begun operations of its newest ethane cracker east of Houston at the Cedar Bayou facility in Baytown.

March 13, 2018

Phillips 66 Partners Spending $2.4B for Stakes in Bakken Shale Pipeline, Refinery System

Phillips 66 Partners LP (PSXP) is taking over a 25% stake in a Bakken Shale pipeline system and buying out a 100% interest in a refinery system owned by parent Phillips 66 in a deal valued at $2.4 billion.

September 22, 2017

People — J. Christopher Giancarlo

Kleinschmidt Associates reported that it has entered into a strategic alliance with Tom Russo of Russo on Energy, LLC to strengthen its natural gas and oil infrastructure and environmental services offerings. The company said Russo, who spent more than 30 years as a manager and energy analyst at the Federal Energy Regulatory Commission (FERC), will complement Kleinschmidt’s natural gas energy expertise in reducing permitting schedules and associated costs while addressing the permitting, engineering and biology associated with mitigation for natural gas, oil and natural gas liquids pipelines, and liquefied natural gas clients. Russo will work with Kleinschmidt Senior Vice President Scott Ault and Senior Project Manager Kelly Schaeffer on all oil and natural gas services projects. Currently, Russo and Kleinschmidt are conducting training on the company’s Pipeline Waterbody Risk Assessment tool and FERC’s hydroelectric project relicensing in Houston and Washington, DC, respectively.

June 23, 2017
Two Hurt in Fire at Phillips 66 Louisiana NGL Station

Two Hurt in Fire at Phillips 66 Louisiana NGL Station

Two workers were hospitalized and one was missing following a fire Thursday evening at the Phillips 66-operated Paradis Pipeline Station, which is a 30-minute drive west of New Orleans.

February 10, 2017
DCP Midstream and Midstream Partners Combine, Plan NGL Pipe, Processing Expansion

DCP Midstream and Midstream Partners Combine, Plan NGL Pipe, Processing Expansion

DCP Midstream LLC (Midstream) and DCP Midstream Partners LP (DPM) have combined to create the largest natural gas liquids (NGL) producer and natural gas processor in the United States, the companies said Wednesday.

January 4, 2017
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