Ethane markets are improving, but butane is still most preferred feedstock.
Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest.
The recent Siberian blast sent natural gas prices surging upward at Transco and Algonquin Citygate hubs, but overall prices were relatively flat.
Magnum Development owns and operates a natural gas liquids storage facility near Salt Lake City.
The transaction is scheduled to close in March.
Though ethane margins turned negative, the theoretical NGL barrel price reached its highest level of the year.
The transactions will complement the company’s Cotton Valley, Haynesville and Bossier assets.
For the first time in 2015, C5+ prices pushed past the $1/gal threshold.
Marcus Hook, Mariner East projects will provide access to key Northeast market for Marcellus-Utica production.
The Williams Cos. Inc., Williams Partners LP and Access Midstream Partners LP announced the closing of the merger between Williams Partners and Access Midstream.
Williams Partners LP announced its expanded Geismar olefins plant is expected to begin manufacturing ethylene for sale in February.
NGL prices fell almost across the board last week, with propane prices standing out as the only bright spot.