In South Texas and North Dakota, where shale drilling has propelled U.S. oil production to the highest level in 28 years, thousands of 18-wheel trucks are rumbling to wells on roads designed decades ago for farmers to bring crops to markets.
Wells Fargo Securities reports that the MLP sector outpaced the S&P 500 for the fourth straight month.
The U.S. shale revolution has fundamentally altered domestic hydrocarbon flows, necessitating a “replumbing” of America as new sources of supply are connected to long-haul transportation and key end markets.
Rangeland CEO announces start of construction on Delaware Basin rail, storage and pipeline facility.
Wellinghoff emphasizes carefully preparing applications, engaging with regulators to speed process.
Freeport LNG Expansion LP announced that its subsidiaries FLNG Liquefaction LLC and FLNG Liquefaction 2 LLC successfully closed on debt and equity financing commitments of about $11 billion in capital needed for the development of the first two trains of Freeport LNG’s natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.
Meanwhile, up to 5.5 billion cubic feet per day of U.S. imports will be needed.
Dominion executives worked with locals to gain Cove Point support.
Magellan Midstream Partners LP extended the open season for commitments on the Saddlehorn Pipeline. The pipeline will transport various grades of crude oil from the Niobrara play in northeast Colorado to Magellan’s storage facilities in Cushing, Okla.
TransCanada Corp.’s Prince Rupert Gas Transmission Project (PRGT) received an Environmental Assessment Certificate (EAC) from the British Columbia Environmental Assessment Office.
Plains All American Pipeline LP plans to add pumps to increase the takeaway capacity of the Cactus Pipeline, the company said in a statement.
Algonquin Power & Utilities Corp. (APUC) will participate in the development of Kinder Morgan Inc.’s proposed Northeast Energy Direct natural gas pipeline project.
BNSF Railway Co. plans to apply a $1,000 surcharge for each older crude tank car, denting profits for shale drillers in North Dakota.
A joint venture between Tesoro Refining & Marketing Co. LLC and Savage Cos., Vancouver Energy is a proposed crude oil terminal to be located at Port of Vancouver USA.
TransCanada Eyes Crude-By-Rail Business
Denver-based BOE Midstream successfully loaded and shipped the 1,000th unit train from its Bakken Oil Express Rail Terminal in Dickinson, N.D.