Midstream News and Activities in the Areas That Interest You Most

From the Permian, Mid-Continent, Bakken and DJ Basins to the
Eagle Ford, Haynesville and STACK / SCOOP plays.

  • Permian
  • Mid-Continent
  • Bakken
  • DJ Basin
  • Eagle Ford
  • Haynesville
  • SCOOP / STACK

Crude Oil Storage Hits a Premium

All dressed up and nowhere to go. That best sums up the latest dilemma crude oil producers face as storage capacity grows more strained by the week. In response, the federal government has said “fill ‘er up” at the U.S. Strategic Petroleum Reserve, making available an initial 30 MMBbls of crude storage to be followed by another 47 MMbls of capacity, to help E&Ps find their supplies a place to land. At least for now.

Black Bear Discovers a Honey Pot

Consolidation in the midstream space continues this week with the latest news from Houston-based Black Bear Transmission, which will acquire Ozark Gas Transmission (OGT) and Ozark Gas Gathering (OGG) from a subsidiary of Canada-based Enbridge. If you’re keeping count, that’s four name drops in one sentence but hang with us as we peel back the layers.

The Money Backers: Global Infrastructure Partners

N.Y.-based Global Infrastructure Partners (GIP) joins an elite group of private-equity firms that tether their investments to core infrastructure around the world. From international airports to power plants in South America and marine hubs in Australia, GIP also backs an A-list of energy players in the U.S. that operate critical bones in the oil and gas, LNG, water, wind, solar, and renewables sectors.

A Busy Quarter Ahead for Tallgrass Energy

With a growing shipper interest for expansion of the 830-mile Pony Express Pipeline, Kans-based Tallgrass Energy just announced a supplemental open season for crude oil transportation, March 16-April 14.

Crude Oil Storage Hits a Premium

All dressed up and nowhere to go. That best sums up the latest dilemma crude oil producers face as storage capacity grows more strained by the week. In response, the federal government has said “fill ‘er up” at the U.S. Strategic Petroleum Reserve, making available an initial 30 MMBbls of crude storage to be followed by another 47 MMbls of capacity, to help E&Ps find their supplies a place to land. At least for now.

Come Together: Align and Elevate Midstream

Is it surprising anymore when private-equity firms merge two of their portfolio companies building and operating midstream infrastructure in the same basin? Probably not. Better to be growing that midstream platform than stirring up competition and cannibalism in the current landscape. And so it is for Tailwater Capital, which late last year combined Dallas-based Align Midstream and Houston-based Elevate Midstream—darn near kissing cousins in the Haynesville shale play with gas gathering, treating and processing assets. Following the merge, Tailwater set Elevate free, gifting the midstreamer with a $150 million equity commitment to seek out new acquisitions and greenfield development, while Align set forth to expand the now combined-company’s footprint.

The Midship Sees Light at the End of the Pipeline

The Midship Pipeline has been a long-suffering test of wills for Houston-based Cheniere Energy now awaiting FERC approval to begin initial service. Cheniere ranks as the second largest LNG operator in the world and natural gas is its lifeblood. The 200-mile natural gas Midship, which extends from Okla.’s Anadarko Basin to Gulf-bound interconnects, hit serious roadblocks during the course of construction with delays that included last year’s monumental rains and flooding, unexpected third-party changes, and a FERC stop-work order.

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The Money Backers: Basalt Infrastructure Partners

With an eye on mid-market infrastructure across the utility, energy and transportation spheres, N.Y.-based Basalt Infrastructure Partners looks for investments with “inflation linkage and high barriers to entry.” Translation: companies with predictable, long-term cash flows that typically have medium- to long-term contracts, and capital-intensive assets that limit the number of natural competitors.

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Crude Oil Storage Hits a Premium

All dressed up and nowhere to go.
That best sums up the latest dilemma crude oil producers face as storage capacity grows more strained by the week. In response, the federal government has said “fill ‘er up” at the U.S. Strategic Petroleum Reserve, making available an initial 30 MMBbls of crude storage to be followed by another 47 MMbls of capacity, to help E&Ps find their supplies a place to land. At least for now.

Read More

Black Bear Discovers a Honey Pot

Consolidation in the midstream space continues this week with the latest news from Houston-based Black Bear Transmission, which will acquire Ozark Gas Transmission (OGT) and Ozark Gas Gathering (OGG) from a subsidiary of Canada-based Enbridge. If you’re keeping count, that’s four name drops in one sentence but hang with us as we peel back the layers.

Read More

The Midship Sees Light at the End of the Pipeline

The Midship Pipeline has been a long-suffering test of wills for Houston-based Cheniere Energy now awaiting FERC approval to begin initial service. Cheniere ranks as the second largest LNG operator in the world and natural gas is its lifeblood. The 200-mile natural gas Midship, which extends from Okla.’s Anadarko Basin to Gulf-bound interconnects, hit serious roadblocks during the course of construction with delays that included last year’s monumental rains and flooding, unexpected third-party changes, and a FERC stop-work order.

Read More

Williams Makes All the Right Moves

While the world would appear to be at a standstill to wait out the Caronavirus and its yet-to-be determined aftermath, companies across every industry are communicating their COVID-19 plans to safeguard employees, reassure customers, and support the communities where they operate. Not surprisingly, many of these companies now are being graded by their responses to a crisis never before witnessed—and those grades are factoring into stock prices. Such is the case with Tulsa-based Williams, one of the largest natural gas pipeline operators in the U.S., which received an A grade.

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The Operators: Bluewing Midstream

Storage of crude oil and refined products has now become a Spandex-tight issue for producers in the busiest basins looking to stash their goods amid skyrocketing inventories. Pipeline companies are urging E&Ps to cut back production to not risk further man-made declines of prices. Meanwhile, midstream operators that offer storage capacity face an interesting turn of events in which one journalist summed up, “Storage tends to be a ho-hum business, until it isn’t.”

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The Money Backers: Global Infrastructure Partners

N.Y.-based Global Infrastructure Partners (GIP) joins an elite group of private-equity firms that tether their investments to core infrastructure around the world. From international airports to power plants in South America and marine hubs in Australia, GIP also backs an A-list of energy players in the U.S. that operate critical bones in the oil and gas, LNG, water, wind, solar, and renewables sectors.

Read More

Rate Case Settlements to Boost Enable’s MRT Service Revenues

The good news came this week for Okla. City-based Enable Midstream, which received FERC approval of its rate case settlements with all firm-capacity customers of the company’s Mississippi River Transmission system (MRT). In anticipation of the approval, Enable announced in February it expects 2020 revenues from MRT to increase by $7 million, or $87 million this year.

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Energy’s Invisible Hero Just Might Be Midstream

The U.S. government deems 16 sectors of our nation’s economy as critical infrastructure, citing that—without a stable energy supply—health and welfare are threatened, and the economy cannot function. The midstream industry, in particular, bench presses virtually every business, household and community to ensure vital fuels are gathered, transported, processed, refined and exported wherever they are needed. Which is every day. Around the clock. All year long. Our nation’s dependence on energy infrastructure isn’t simply limited to growth and production that keep our economy alive and breathing, but to our very way of life.

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