Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.
MPLX is an MLP formed in 2012 by Marathon Petroleum Corp. (NYSE: MPC), according to its website. In 2015, it bought MarkWest Energy Partners, a deal that made it the fourth-largest MLP by market value in the U.S., Reuters reported.
Enbridge's pipelines mainly send Canadian crude from oil sands to refiners on the U.S. Gulf Coast, while Spectra's network ships natural gas to the U.S. East Coast, Reuters reported.
Federal officials and North Dakota's governor refused to extend next week's evacuation deadline for activists living in camps that have been a base for months for demonstrations against the Dakota Access oil pipeline.
TransCanada filed an application with Nebraska authorities on Feb. 16 to route its Keystone XL Pipeline through the state, after U.S. President Donald Trump cleared the way for the project last month.
ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.
The Ozark pipeline is a 22-inch crude oil pipeline originating in Cushing, Okla., and terminating in Wood River, Ill.
On this episode of Political Sidetrack we discuss the importance of Mexico as an oil and gas trade partner and how foreign trade policy proposals may affect the cross-border relationship.
A Kinder Morgan natural gas pipeline exploded early in the morning on in southern Texas, the company said. The fuel terminal operator said no injuries were reported.
The Native American tribes looking to stop the Dakota Access Pipeline asked a judge to find that the Army Corps violated federal regulations when it recently granted the last permit needed for the project to be finished.
Before joining Questar, Micheal G. Dunn was president and CEO of PacifiCorp Energy, a multi-state regulated electric power generating company and subsidiary of Berkshire Hathaway Energy.
Marc Benayoun, CEO of Italian energy group Edison, which is exploring areas near the Zohr Field, said on Feb. 14 he was confident more gas would be discovered, Reuters reported.