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In the News

  • Q4 US Oil Earnings Likely to Focus on Recovery, Biden Transition
    Fourth-quarter 2020 earnings calls for US oil upstream, midstream and downstream operators will likely reflect two unique broad themes besides the usual full-year capital spending and business outlooks: plans around policy changes expected from a new US presidential administration, and the pace and extent of recovery from the pandemic.
  • 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.
  • New, Old Headwinds Spell Difficult 2021 for Gas
    The year 2021 may not be kind to the US natural gas sector as its struggles with environmental hurdles intensify. Foremost, as the page is turned on a presidential administration more prone to loosening regulation than reining in the industry, the transition is bound to be rocky. But there is also little doubt that the ...
  • Trump Push Won’t Get Pipelines to Finish Line
    Bankrupt Chesapeake Energy came to an agreement last week with midstream giant Williams that will not only jettison the struggling E&P’s stagnant assets on the fringe of the Haynesville Shale, but could get Chesapeake out from under some costly transportation contracts there in part for supporting a Williams project in the Marcellus Shale.
  • The 2021 Midstream Outlook
    What a tumultuous year it was. Between an oil price crash, COVID-19 demand destruction and the change in the executive branch, the outlook for oil and gas has been reset in many cases. While much has been published and discussed about the upstream and downstream sectors, what awaits the U.S. midstream sector in 2021 and ...
  • Williams-Chesapeake Pact Bodes Well for Struggling Gas Industry
    Bankrupt Chesapeake Energy came to an agreement last week with midstream giant Williams that will not only jettison the struggling E&P’s stagnant assets on the fringe of the Haynesville Shale, but could get Chesapeake out from under some costly transportation contracts there in part for supporting a Williams project in the Marcellus Shale.
  • Indigenous group to invest in Keystone XL as Biden set to determine pipeline fate
    In early January, Georgia voters will determine which party controls the U.S. Senate in a runoff election of enormous consequence for the country and, in no small part, the oil and gas industry.
  • Expert: Oil and Gas Has Georgia on its Mind
    In early January, Georgia voters will determine which party controls the U.S. Senate in a runoff election of enormous consequence for the country and, in no small part, the oil and gas industry.
  • Biden Presidency Imperils Key Oil Pipelines
    President-elect Joe Biden’s campaign promise to phase out oil probably signals the end of the long-delayed Keystone XL oil pipeline and threatens the future of Dakota Access, another major crude conduit.
  • MVP Completion Target Delayed Again as Costs Rise
    Equitrans Midstream has bowed to environmentalist pressure once again, announcing in a Nov. 3 earnings call that it will delay opening Mountain Valley Pipeline (MVP) until the second half of 2021. Officials also pumped up the gas line’s estimated cost to as much as $6 billion — $2.3 billion more than its original budget. MVP’s travails ...

Data Insights

  • 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 ...
  • May 5, 2017
    Good Morning…Morning…Morning: Enable Midstream (ENBL) plans to ship rich gas volumes produced in the SCOOP/STACK plays south to ETP’s Godley Plant in the Barnett for processing…… Tell Me How to Think About That: As noted in East Daley’s Q1 paper Dirty Little Secrets, Enable Gas Transmission (EGT) has kicked off a large round of pipeline contracts ...
  • April 28, 2017
    Anadarko Colorado Impact: Anadarko Petroleum (APC) plans to shut- in 3,000 wells in the DJ Basin in response to a house fire that was within 200 feet of a well, which may have been the cause of the house fire that occurred on April 17th. APC’s decision to shut-in vertical production will reduce approximately 35 MMcf/d ...
  • April 21, 2017
    WPZ’s SuperNova: Williams Partners (WPZ) has agreed to sell its 88.46% stake in Williams Olefins, LLC to Nova Chemicals for $2.1 billion in cash. (Ticker: WPZ)……… Make Hay While the Sun Shines: Kinder Morgan (KMI) disclosed during their 1Q17 quarterly call they signed a new customer that plans to drill on the Kinderhawk system in the Haynesville. (Ticker: ...
  • April 14, 2017
    Rockies Express Doing Exactly What their Name Says: Rockies Express (REX) has contracted over 0.5 Bcf/d of short-term marketing contracts in March and April as market dynamics are forcing more Rockies gas to flow east into the Midwest……… DAPL Flexes Its Scale: Dakota Access Pipeline filed their initial tariff rates this week giving better insight on their competitive ...
  • April 7, 2017
    Waha Facts are the Facts, are the Facts?: The fact that Waha cash basis has weakened to ($0.30) behind Henry Hub so far in April signals that gas production is growing in the Permian…… Sitting on the Dock of the Bay: Enterprise Products Partners (EPD) announced two projects this week to transport and store ethylene on ...
  • March 31, 2017
    Pour Some Color On Me – Hess Midstream Partners (HESM) is going public this week after reporting adjusted EBITDA of $6.25 million during FY2016. The company is backed by 7-year MVCs for most of its assets, including the Tioga Gas Plant, and has additional dropdown potential. (Ticker: HESM)…….  Natural Gas Market Getting Tighter? Not So Fast ...
  • March 24, 2017
    KMI’s New Pipeline Got You Excited? Here’s Some Cold Water – Kinder Morgan announced this week a non-binding open season to build a 1.7 Bcf/d greenfield pipeline from Waha hub in the Permian to Agua Dulce in the Eagle Ford. On the surface the project appears viable, however, looking deeper into the production fundamentals throws ...
  • March 10, 2017
    One if by Land, Two if by Sea – At Enterprise’s 2017 Analyst Day, EPD provided new details on the proposed Centennial Pipeline conversion. (Tickers: EPD, MPC, SXL)..…….. Producers Staying Tru(deau) To Their Commitments – KMI announced this week that is has increased its cost estimate of the Trans Mountain pipeline expansion from $6.8B CAD to ...
  • March 3, 2017
    Soooo you’re saying there’s Another Pipeline Being Planned from the SCOOP/STACK? – On their Q4 2016 earnings call, ONEOK (OKS) announced that it was in talks with producers to build a 1.4 Bcf/day pipeline from the SCOOP/STACK area to Bennington Hub in SE Oklahoma. ONEOK’s pipeline will deliver volumes to Bennington, allowing producers to contract ...