And the Deals Keep Comin’

And the Deals Keep Comin’

Getting hard to keep up. Six months after closing on the $1.6 billion acquisition of Texas-based Montage Resources, Houston’s Southwestern Energy (SWN) has snapped up something even bigger to further surf the Gulf Coast LNG wave. Reese Energy Consulting today is following the latest news from SWN which—following the Montage merger last December—was crowned the nation’s third-largest natural gas producer with a combined production of 3 BCFD, and all of it from the Marcellus and Utica. SWN has operated exclusively in the Appalachian region since the mid-2000s after selling its first-born E&P and midstream assets in the Ark., Fayetteville for $1.8+ billion. Now, Southwestern Energy will venture outside its eastern home base with the $2.7 billion purchase of Indigo Natural Resources and its sizeable gas prizes in northern La., bound for premium Gulf Coast markets. The deal includes 280,000 net acres in the Haynesville and Bossier shale plays and adds 1.1 BCFD of natural gas production to the company’s portfolio for a total 4+ BCFD.

What do you think? Learn more about Reese Energy Consulting and our range of natural gas, NGLs, and LNG services at www.ReeseEnergyConsulting.com.

Southwestern Energy

Southwestern Energy is a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. The company is ranked 776th on the Fortune 500. The company’s primary exploration and production activities are in the Appalachian Basin in Pennsylvania and West Virginia.

www.swn.com

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Enable Gets a Green Light

Enable Gets a Green Light

Looks like it’s all systems go for construction on the proposed 135-mile Gulf Run Pipeline. Reese Energy Consulting today is following the latest news from Okla. City-based Enable Midstream, which has received a final FERC blessing on the $540 million natural gas project. Gulf Run will extend from northern La., to the Gulf Coast and run perpendicular to Enable’s 172-mile Line CP that currently moves gas supplies west to east. Modifications to the Line CP system will allow for bi-directional flow and delivery to Gulf Run. With a capacity of 1.7 BCFD, the new pipeline will enable access to gas supplies in the Mid-Continent, Haynesville, Marcellus, and Utica shales, and is backed by a 20-year commitment for 1.1 BCFD from anchor shipper Golden Pass LNG. Completion is slated for late 2022. Meanwhile, expansion of the Golden Pass terminal at Sabine Pass, Texas, is at full throttle with a finish line expected in 2024.

What do you think? Learn more about REC and our natural gas marketing and LNG expertise at www.ReeseEnergyConsulting.com.

Enable Midstream Partners

Enable Midstream owns, operates and develops strategically located energy infrastructure assets that serve as a critical link between major producing basins and downstream markets.

www.enablemidstream.com

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KM Just Hopped a Stagecoach

KM Just Hopped a Stagecoach

Kinder Morgan is getting seriously serious about diversifying its vast midstream business. Reese Energy Consulting today is studying the latest news from the Houston-based pipeline behemoth, which now will expand its operations into the Northeast with a $1.23 billion acquisition of N.Y.-based Stagecoach Gas Services. The deal includes four storage terminals and three natural gas pipelines that service the Marcellus with a total delivery capacity of 2.9 BCFD. This adds to KM’s existing 9,500 miles of pipelines that flow 2.4 MMBPD of gasoline, jet fuel, diesel, natural gas, and NGLs across the West, Southeast, Midwest, and Canada. But there’s more. As recently as last week, we learned Kinder Morgan plans to go full-on carpe diem on its 3,000 miles of petroleum products pipelines and storage network by adding “trader” to its resume, joining Energy Transfer in the buy/sell of refined supplies. And not to be forgotten, KM in March launched a new joint venture to implement a sweeping menu of clean-energy technologies into its own operations as well as commercialize them.

What do you think? Learn more about REC and our range of midstream services at www.ReeseEnergyConsulting.com.

Kinder Morgan

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals.

www.kindermorgan.com

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