Midstream Monitor

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.
The results of British Columbia's election could mean more challenges for Kinder Morgan Inc.'s Trans Mountain Expansion project. Also, industry representatives are pleased with the nominations of two Republicans to the Federal Energy Regulatory Commission and the bearish market for crude oil prices may soon turn bullish.
The ethane oversupply issue may resolve itself over the next few years, says a white paper by Petrochemical Update. Also, new regulations have been issued following the explosion of a home near a Colorado gas well; a contract has been sign to build the first regasification terminal in India's West Bengal state; and Baker Botts weighs in on President Trumpl's executive order on financial services.
A study by the U.S. Chamber of Commerce describes the result if the Northeast continues to be deficient in natural gas pipelines. It's not good. Also, Enterprise Products Partners CEO Jim Teague explains his company's focus on demand; the Political Sidetrack podcast explores fracking bans in several states; and Bernstein explores the future of ethane prices as the Permian Basin's production continues to soar.
Blackstone Energy Partners LP agreed to spend $2 billion in a deal to acquire EagleClaw Midstream Ventures LLC and bolster its position in the Permian Basin. Also, Brad Iles of Brazos Midstream discusses the challenges of the Permian in transition, and a new report predicts a resurgence in crude by rail in Western Canada with the expectation that pipeline projects will not be able to keep up with increased production.
NuStar Energy LP will enter the Permian Basin with its $1.5 billion purchase of Navigator Energy Services LLC. Also, SAP's Bill McDermott discussed the value of employees at the recent GPA Midstream Association convention; volume trade in LNG set another record in 2016; and NGL prices enjoyed a springtime rally.
Tim Dove, CEO of Permian Basin powerhouse producer Pioneer Natural Resources, praised his midstream partners at the recent OGIS conference in New York. Also, Haynes and Boone released its spring survey; and the Political Sidetrack podcast focuses on government regulations and the president's recent executive order to pull back on Obama administration climate change rules.
President Trump's executive order rolls back six executive orders and presidential memorandums from the Obama administration on climate change and other issues, like hydraulic fracturing. We talk to experts about what it means for the industry. Also, soaring land prices in the Permian won't hinder oil and gas production too much; long-term demand makes short-term difficulties for the Keystone XL Pipeline worth it; and the industry's message to the public has improved but still needs to get better.
"We are poised for a rebound," the head of Hart Energy's Stratas Advisors said during a recent event in Midland, Texas. Also, California's Air Resource Board was poised to approve the nation's toughest methane emissions rules and hackers are forcing the industry up its cybersecurity game.

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