Midstream Monitor

The Midstream 50 index, composed of the sector's leading public companies, provided a stock price rally as the first half of 2017 ended but the first six months were challenging, nonetheless. Also, Stratas Advisors forecasts that third-quarter crude oil production will come up short of expectations; Midstream Connect visits Remote Operations Center, a company that provides asset monitoring to small and midsize companies.
Coal has overtaken natural gas to regain the title of top U.S. fuel for electric power generation but the chances of holding onto the top spot for long are not good. Also, how can oil and gas companies recruit and hold onto Millennial employees? And a summer full of storms will likely increase demand for gas.
Two developers of proposed ethylene export terminals on the U.S. Gulf Coast Coast near decisions on their projects. Also, Stratas Advisors assesses how the change in succession to the Saudi throne will impact oil markets; NGL prices enjoy a good week; and pipeline constraints are resulting in a surge for the Canadian crude-by-rail business.
"It's not you, it's the Eagle Ford." Funny things can happen in a relationship, even a sustainably profitable joint venture. Sidley Austin's Cliff Vrielink lays out guidelines to best manage the stressors that may come up. Also, U.S. Energy Secretary Rick Perry describes the administration's "energy dominance" agenda; the fate of the Kemper plant in Mississippi appears to be cautionary tale of the risks of clean coal; and Hart Energy's Leslie Haines interviews Steve Schlotterbeck, CEO of EQT Corp.
In its annual assessment of the Appalachian shale industry, law firm Babst Calland found plenty of upside, along with challenges for companies operating in the Marcellus and Utica shales. Also, the $8.2 billion merger of Rice Energy and EQT creates a Northeast natural gas powerhouse; and Garry Banda of Stratas Advisors examines how the effect of the Dakota Access Pipeline on production in the Bakken Shale in the latest Midstream Connect video.
Sluggish growth in global energy consumption for the third year in a row signals a world in transition. That's the conclusion reached by BP's team of economists in the recent release of its annual "BP Statistical Review of World Energy 2017."  Also, an analysis of EagleClaw's $2 billion sale in April; and an assessment of how well the energy industry is handling employee retention by GPA Midstream.
The Delaware Basin may have taken over as the star of the Permian, but the Midland Basin is still a great place to be, says midstream operator Lucid Energy Group. Also, the Waha Hub will be one to watch as the Mexican gas market develops; and the midstream buildout has been met with a buildup of legal challenges.
The alliance of British Columbia's Green Party and New Democratic Party could spell trouble for Kinder Morgan Inc.'s Trans Mountain Expansion Project, despite support from Canadian Prime Minister Justin Trudeau. Also, President Trump announced that the U.S. would withdraw from the Paris climate change agreement; NGL markets wobble; and Stratas Advisors assesses midstream capacityin the Permian Basin.
Midstream Monitor
Solving the problem of a lack of takeaway capacity in the Permian Basin may also provide export opportunities, Magellan Midstream's Robb Barnes told a Midstream Texas conference crowd. Also at the conference, TransCanada, Enbridge and Howard Energy were honored for their accomplishments.
Kinder Morgan Inc. is still king of The Midstream 50 ranking of the sector's best-performing public companies based on EBITDA. The big story this year, however, is how MPLX LP vaulted over 13 companies to take its place among the top 10. Also, Midstream Connect features KPMG's Regina Mayor discussing opportunities for U.S. companies in Mexico, and ethane crackers coming online prime that sector for a push in demand.

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