The Lucerne 2 natural gas processing plant connects to the Front Range Pipeline for NGL takeaway to Mont Belvieu, Texas.
DCP has a one-third ownership interest in the pipeline.
Looking to future exports of natural gas and NGL for an answer to price woes may lead to disappointment, an analyst says.
Enbridge Income Fund Holdings Inc. will buy Enbridge Inc.’s Canadian liquids pipeline business and some renewable energy assets for C$30.4 billion (US$24.8 billion), Bloomberg said.
Ethane’s future is hopeful with new steam cracking capacity under construction, but prices too low to support transportation and processing costs present other pitfalls.
Prism Midstream has agreements with Enbridge Liquids Transportation & Marketing LP, under which Enbridge Liquids will buy and transport on-spec and off-spec Permian NGL and condensate to Bedrock treatment facility.
The buyback has no fixed expiration. Payments will support working capital. Robert Herlin, CEO, said the company’s planned 2016 cash flow will support NGL plant in Louisiana’s Delhi Field.
Pembina will provide terminaling under a 30-year fixed return agreement and a 10-year NGL mix purchase and sale agreement related to the third fractionator it’s constructing at its Redwater site.
The proposed US$500 million project would be the largest private investment in Portland, Oregon's history. Canada’s Pembina has distributed propane by rail in Oregon for 15 years.
Proposed IRS rules defining qualifying income for MLPs give needed guidance, but could be a setback for olefin-producing companies.
Rail capacity is being overwhelmed by propane shipments, which could cause the product to become competitive with resurgent gas prices.
After lifting a year-long “pause” in March on private rulings over qualifying income for MLPs, on May 6 the Internal Revenue Service released proposed rules clarifying what sorts of activity would produce qualifying income.
Phillips 66 Co. might play up its role in midstream and chemicals, but its downstream presence will remain strong, Greg Garland, chairman and CEO, said in recent annual shareholders' meeting.