May 12, 2017
Bridges of Permian Country: In anticipation of growing crude production in the permian, Magellan Midstream Partners (MMP) and Plains All American Pipeline (PAA) decided to expand their JV, BridgeTex Pipeline, from 300Mb/d to 400 Mb/d without any additional committed volumes. (Tickers: MMP, PAA)……..
PRB’s Heritage Blend: Last week Heritage Midstream announced the acquisition of essentially all of Devon’s remaining midstream assets in the Powder River Basin……..
Horse Whisperer Breathing New Life into the Eaglebine: Wildhorse Resource Development (WRD) announced plans to acquire Eagle Ford assets from Anadarko Petroleum (APC) for $625 million on May 11.(Tickers: ETP, DCP, WRD)…….
That’s Just Bad Marketing: Plains All American Pipeline (PAA) disappointed investors when they reported 1Q17 numbers below guidance and made a downward adjustment to 2017 guidance based on continued NGL marketing weakness. (Ticker: PAA)
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