Midstream Business Magazine - July/August 2014
Cover Story
Private Equity: Paving The Path
Private equity has stepped up its role in moving resources to their markets as North American unconventional plays produce more hydrocarbons. But people are as important as the prospects.
Editor's Note
New Look, Same Goal
Regular readers will notice several new things as they thumb through this issue.
Construction Update
Calling All Pipelines
At the recent North Dakota Governor’s Pipeline Summit in Bismarck, Gov. Jack Dalrymple had a message for industry leaders: We aren’t even close to too much of a good thing.
Feature
Big Country, Big Investment, Big Expenses
Australia’s ocean of resources and strategic location entice, but surging project costs prompt caution.
Closing Bell
Test-Marketing Environmentalism
FERC And The Energy Boom
A commissioner outlines steps his federal agency can take to assure proper development of new gas resources.
Giving The K-1 Some Love
MLP complexity can be a boon for its current investors.
REITs Building Up The Midstream
With a transformative period at its back, CorEnergy Infrastructure Trust moves real estate into energy infrastructure.
The Interview: Off To The Races
C. Gregory Harper serves as principal executive officer for Midcoast Energy Partners LP, a new MLP sponsored by Enbridge Energy Partners. He also serves as president, gas pipelines and processing, for Enbridge.
Third Time’s The Charm
Persistence paid off as Crosstex and Devon formed EnLink after years of trust building.
Alerian Index
MLP Parents Instill Values In Their Children
In much the same way parents encourage their children to succeed, recent MLP merger and acquisition (M&A) activity has been driven by general partners (GPs) trying to create value, either at the GP level, the limited partner (LP) level, or both.
Finance Matters
Crude Exports? Not Yet.
The headlines as July began proposed major change—even if tempered with perhaps a bit of caution.
News Flow
Analyst: ‘Incredible uncertainty’ in Marcellus takeaway
Takeaway capacity in the Northeast region of the Marcellus Shale at present is “barely ahead” of production, and that tells you everything you need to know, according to Jefferies & Co. equity analyst Subash Chandra.
Competition breeds success for Cheniere
If it appears that Cheniere Energy Inc. is just ahead of the pack in the LNG markets race, look again.
Infrastructure financing here if regulators are willing
The funding to start building more than one-quarter trillion dollars’ worth of needed infrastructure is virtually there for the spending, but U.S. gas pipeline capacity will continue to be constrained until regulatory reform catches up with reality.
No need to polarize climate change discussion
The human race has never before had to deal with issues such as climate change, global warming, greenhouse gases and expanding population vs. reasonably priced energy, according to professor Jim White.
Rail filling void when pipelines fall short
The West Coast has largely been left behind as the rest of the country enjoys the benefits of the shale boom, according to Dallas-based consultancy Turner, Mason and Co. (TMC).
Refinery runs to increase this year
Global refinery runs will rise by about 1 million barrels per day (MMbbl/d) this year, according to a new report by the research and consulting firm GlobalData.
U.S. provides more of its own energy
The U.S. is not self-sufficient in energy—yet—but it’s getting closer, according to the U.S. Energy Information Administration (EIA).
NGL Frac Spread
Mild Summer Reloads Inventories
NGL prices were largely stagnant, with a slight trend down at the beginning of July as they followed losses for natural gas prices and crude.
Transaction Update
Investors Show Their Love
An hour and a half into trading on the New York Stock Exchange on June 16, Williams Cos. Inc. had added a whopping $8.6 billion to its market cap, or about 43% more than it had just offered to pay for Access Midstream Partners LP.