• Permian
  • Mid-Continent
  • Bakken
  • DJ Basin
  • Eagle Ford
  • Haynesville
  • Gulf Coast
  • Marcellus / Utica
  • Powder River

Executive Profile: George Kaiser, Kaiser-Francis Oil Co.

“In the charitable world as in the business world, opportunities should drive budgets, not the other way around.” In one succinct quote, George Kaiser offers up every puzzle piece needed to understand the man and his philosophies on money, business, and philanthropy. He’s an invisible billionaire of sorts who swats away any ranking as one of the wealthiest in the world like frivolous, disposable news. If you don’t live in his beloved birthplace of Tulsa, Okla., you may never have heard his name—and that suits Kaiser perfectly fine.

Targa Announces Open Season; Excelerate Expands LNG Fleet

Targa has announced an open season from July 1-31 to gauge shipper interest on a proposed interconnection in Kingfisher where, following construction of a new 110-mile extension of the company’s Grand Prix NGL pipeline, will connect supplies to Williams’ Bluestem Pipeline. The Bluestem originates from Williams’ fractionator in Conway, Kan., and the terminus of Overland Pass Pipeline to Targa’s Grand Prix.

Executive Profile: George Kaiser, Kaiser-Francis Oil Co.

“In the charitable world as in the business world, opportunities should drive budgets, not the other way around.” In one succinct quote, George Kaiser offers up every puzzle piece needed to understand the man and his philosophies on money, business, and philanthropy. He’s an invisible billionaire of sorts who swats away any ranking as one of the wealthiest in the world like frivolous, disposable news. If you don’t live in his beloved birthplace of Tulsa, Okla., you may never have heard his name—and that suits Kaiser perfectly fine.

Tallgrass Revs Up Its Cheyenne Connector

Kansas-based Tallgrass Energy has announced that both its Cheyenne Connector pipeline and the Rockies Express Pipeline (REX) Cheyenne Hub Enhancement Project have now begun commercial service.

National Fuel Grows Its Energy Empire

N.Y.-based National Fuel Resources has once again diversified its midstream capabilities with the acquisition of a crude oil terminal in Gibson, La., by the company’s Empire Pipeline subsidiary. Previously owned and operated by Equilon (Shell Oil Products and Shell Oil Co.), the new assets mark Empire’s first entry into crude oil terminalling—an area it plans to grow through future acquisitions.

More Midstream Alignment in the Haynesville

Now in its third iteration as a Tailwater Capital portfolio company, Dallas-based Align Midstream continues to place its bets squarely on natural gas and the Haynesville. Align now has announced the completion of its 36-mile TOPS gas gathering line in the East Texas Carthage area that offers pipeline connections to downstream markets. The company reports TOPs will bolster its already active presence in the Haynesville.

More LNG Projects Take Off Outside the Gulf Coast

No question, the U.S. Gulf Coast ranks as the nation’s largest LNG seaport with a cluster of liquefaction and export terminals, as well as new proposed projects, that watermark this huge, relatively young subset of America’s oil and gas industry. For now, the impact of COVID-19 has slammed our LNG exports hard due to demand destruction, we all know that. Nevertheless, as global economies recover—and they are, especially in Asia—the world’s need for gas supplies in the form of LNG will rebound in a big way.

It’s a Cruel, Cruel Summer for Proposed Pipelines

Cancellations, construction halts, and a time of wait-and-see-with-fingers-crossed aptly paint the picture of U.S. pipeline operators this summer amid court battles for projects planned or currently being built.

Precarious Times in the Midstream Bakken

A recent one-two punch in the Rockies has left oil and gas producers and midstreamers reeling to predict an uncertain fallout from two back-to-back events in an already head-shaking year.

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LATEST POSTS

More LNG Projects Take Off Outside the Gulf Coast

No question, the U.S. Gulf Coast ranks as the nation’s largest LNG seaport with a cluster of liquefaction and export terminals, as well as new proposed projects, that watermark this huge, relatively young subset of America’s oil and gas industry. For now, the impact of COVID-19 has slammed our LNG exports hard due to demand destruction, we all know that. Nevertheless, as global economies recover—and they are, especially in Asia—the world’s need for gas supplies in the form of LNG will rebound in a big way.

Read More

Executive Profile: George Kaiser, Kaiser-Francis Oil Co.

“In the charitable world as in the business world, opportunities should drive budgets, not the other way around.” In one succinct quote, George Kaiser offers up every puzzle piece needed to understand the man and his philosophies on money, business, and philanthropy. He’s an invisible billionaire of sorts who swats away any ranking as one of the wealthiest in the world like frivolous, disposable news. If you don’t live in his beloved birthplace of Tulsa, Okla., you may never have heard his name—and that suits Kaiser perfectly fine.

Read More

The Money Backers: Energy Capital Partners

With offices in N.J., N.Y., and Houston, Energy Capital Partners (ECP) puts its capital and intuition on North American energy infrastructure that relies on contracted or fee-based revenues. This 40-year-old private equity firm zeroes in on new and existing companies with growth projects in the power generation, renewables, midstream, and environmental sectors. ECP’s most recent acquisition occurred in February with the $400 million purchase of Texas-based Centerpoint Energy’s natural gas retail business.

Read More

More Midstream Alignment in the Haynesville

Now in its third iteration as a Tailwater Capital portfolio company, Dallas-based Align Midstream continues to place its bets squarely on natural gas and the Haynesville. Align now has announced the completion of its 36-mile TOPS gas gathering line in the East Texas Carthage area that offers pipeline connections to downstream markets. The company reports TOPs will bolster its already active presence in the Haynesville.

Read More

The Midstream Range Rover

You could say Sugar Land, Texas-based Rangeland Energy is somewhat of a train buff when it comes to building refined products hubs. Through its various iterations as a portfolio company of private equity firm EnCap Flatrock, this midstreamer has developed crude oil distribution systems that offer access to multi-modal transportation options to deliver crude oil, natural gas, NGLs, and other petroleum products to North American markets. And rail cars play a big part in this company’s business strategy.

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Enterprise Secures Long-Term Customer for Second PDH Plant

To the layman, Enterprise Products’ Mont Belvieu petrochemical complex just east of Houston speaks to an industrial process most find shrouded in mystery where steam puffs 24/7 amid lights that illuminate the Texas night. But for those in the oil and gas industry, Enterprise’s Mont Belvieu complex is a steel-and-pipe engineering marvel that converts NGLs into the raw materials used to manufacture just about everything the layman uses.

Read More

Targa Announces Open Season; Excelerate Expands LNG Fleet

Targa has announced an open season from July 1-31 to gauge shipper interest on a proposed interconnection in Kingfisher where, following construction of a new 110-mile extension of the company’s Grand Prix NGL pipeline, will connect supplies to Williams’ Bluestem Pipeline. The Bluestem originates from Williams’ fractionator in Conway, Kan., and the terminus of Overland Pass Pipeline to Targa’s Grand Prix.

Read More

How an Oil and Gas Billionaire Cast a Few Minnows Then Reeled in a Whale

Nearly 4,600 miles from Prudhoe Bay, Alaska, Houston-based Hilcorp Energy has closed on the largest acquisition of its corporate life. Founder Jeffrey Hildebrand, the previous CEO who now serves as the company’s executive chairman, sealed his name early on to a distinct oil and gas strategy that’s led to a most remarkable moment with the $5.6 billion acquisition of BP’s upstream and midstream assets in Alaska.

Read More

National Fuel Grows Its Energy Empire

N.Y.-based National Fuel Resources has once again diversified its midstream capabilities with the acquisition of a crude oil terminal in Gibson, La., by the company’s Empire Pipeline subsidiary. Previously owned and operated by Equilon (Shell Oil Products and Shell Oil Co.), the new assets mark Empire’s first entry into crude oil terminalling—an area it plans to grow through future acquisitions.

Read More

The Money Backers: Cresta Fund Management

Dallas-based Cresta Fund Management likes good infrastructure ideas, whether they’re hatched from startups or companies that have been around awhile. This private-equity firm exclusively targets mid-market midstream investments with assets that include oil and gas pipelines, processing, and storage. And, at least for now, Cresta has found those investments squarely in Texas with typical check sizes that range between $50 and $250 million. Founded in 2016, the firm currently holds six midstreamers in its portfolio—one of which made headlines today with a new growth announcement.

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