Midstream Monitor

Porter Bennett, CEO of B3, shares with Jessica Morales why he thinks the midstream needs to better promote its capabilities to upstream companies. Also, tariffs are unlikely to impact global oil prices; temperature extremes are affecting natural gas prices; and Alerian offers a primer on how to approach your investing strategy as MLPs convert to C-corps.
Pierre Bechelany, president of Fluor Corp.'s global pipeline and LNG business, gives his outlook for the industry to Hart Energy's Joseph Markman. Also, oil producers are expected to bolster capex in second-half 2018; and Midstream Connect features speakers from the recent Midstream Texas conference.
Is fossil natural gas, combined with wind and solar renewable energy, "at match made in heaven"? Or is renewable natural gas (biogas) part of the equation, too? Also, an assessment of the new EPA administrator, Andrew Wheeler; and the ethane margin at Mont Belvieu, Texas, is up 521% year to date.
Mexico's energy reform is unlikely to be in danger because the country needs it, Luis Gomar of Thompson & Knight told Hart Energy. Also, look to Asia to shape energy demand in the future; and natural gas prices in California substantially trail prices is the rest of the country.
The U.S. is the fast riser in the realm of global LNG exporters and China will soon take over the top spot in importing, the IEA's executive director, Fatih Birol, said at the World Gas Conference in Washington. Also, Texas will remain energy-friendly, a panel of lawyers said at the recent Midstream Texas Conference; and Shell is focusing on its natural gas assets, particularly those in the Marcellus and Utica.
In recent years midstream investing has been challenged, but with so many good values out there experts believe this may be the time for investors to get onboard. More infrastructure and transportation are needed to keep up with production in places like the Permian Basin as well in Oklahoma’s Scoop and Stack plays and the Denver-Julesburg Basin, where technology is helping to improve production and ramp up opportunities.
The oil and gas M&A outlook is mixed, but promising, analysts from KPMG said in a recently released report. Also, KPMG's Regina Mayor said the industry was a "nexus of converging forces;" the price of ethane cracked 30 cents per gallon for the first time in over four years; and EnLink's Cindy Jaggi talked to Hart Energy's Jessica Morales about the company manages change.
Midstream Texas sees a call-to-action for gas pipelines. EnLink’s senior vice president of strategic process transformation, Cindy Jaggi, spoke with Hart Energy at the Midstream Texas Conference and Exhibition about the announcement and said EnLink is excited for this opportunity to work with GIP. Finally, a January-to-May comparison with 2017 shows healthy growth in prices and margins.
Quick take from the recent DUG Permian Basin Conference: the rock is great but we need enough infrastructure to get those molecules to market. Looks like a job for the midstream. And for all the optimism around oil, the basin really needs more natural gas pipelines or the entire play will be in trouble. Also, the price of isobutane soars to a 52-month high.
The economics of U.S. crude oil exports is being hampered by a lack of ports with water deep enough to handle the largest crude tankers. Also, Midstream Connect features Erin Petkovich of Enbridge discussing challenges of building pipelines in the Northeast with Jessica Morales; and FERC's tax ruling may have hastened but didn't trigger the recent slew of consolidations.


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