Patrick
McGee
Hart Energy
Mountain Valley Pipeline’s ‘Phantom Takeaway’ Problem
In theory, Equitrans Midstream’s Mountain Valley Pipeline has the potential to open new markets for Marcellus and Utica shale producers but downstream constraints may mean it runs below half of its 2 Bcf/d, at least initially.
Back-to-School Trends in Midstream
As various areas of the U.S. return to school, here's a recap of what's been going on in the publicly traded stock side of the midstream space.
Investors Remain Bearish on TC Energy Deal to Sell Pipeline Interests
Canada’s TC Energy is seen to have sold equity in the premium asset to offset $60 billion in debt, leading to a slide in stock prices.
Feds OK EQT Corp.’s $5.2B Tug Hill Deal, Clearing Way for Close
EQT’s $5.2 billion acquisition of Appalachian Basin upstream and midstream assets was approved after some regulatory intervention from the Federal Trade Commission.
Energy Transfer to Acquire Crestwood Equity Partners for $7.1 Billion
The all-equity transaction, which includes the assumption of $3 billion of Crestwood debt, adds infrastructure in the Williston and Delaware basins and also provides Energy Transfer with an entry into the Powder River Basin.
Column: High Court’s Water Ruling Provides Clarity … or Not
Murkiness remains for projects involving water, despite clarity from Supreme Court on the limits of EPA’s power.
Venezuela’s Burning Through Gas and Cash
Home to the world’s seventh-largest natural gas reserves, the OPEC member has a massive flaring problem which, if resolved, could allow it to monetize its onshore associated gas production.
Devon Energy, WaterBridge Enter Delaware Basin Midstream JV
Devon and NDB Midstream entered into a long-term agreement in which Devon committed all of its produced water, an initial dedication of about 52,000 acres and 18 saltwater disposal sites.
Tellurian Losses Snowball in 2Q, but Driftwood Focus Continues
Houston-based Tellurian Inc. reported a larger net loss in the second quarter 2023 compared to the prior quarter, as well as a 11% decline in its Haynesville Shale production.
Plains All American Pipeline to Seek More Bolt-ons After Permian A&D
Plains All American Pipeline increased its EBITDA guidance on strong earnings and emphasized an A&D strategy underpinned by fiscal discipline.