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As a popular social media blogger, Steve Reese has gained an exceptional following from oil and gas professionals across the country who follow his posts throughout the week. His articles regularly trend among the top contributors in the energy industry with the news, information and insight that’s made him a fresh thought leader.
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
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
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.Read More
In its largest deal in four years, conglomerate giant Berkshire Hathaway has scooped up the natural gas pipeline and storage assets from Dominion Energy in an all-cash deal valued at $10 billion.Read More
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 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
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
Since its creation last December as a portfolio company of private equity firm Basalt, Houston-based Black Bear Transmission has had its eyes on the prize of acquiring natural gas midstream assets that serve utilities and end-users across the Southeast. And it’s just made another one that fits like an absolute glove.Read More