Midstream Monitor

As the Federal Energy Regulatory Commission begins the process of reviewing its procedures to approve applications to build interstate pipelines, what should the industry expect? Emily Mallen of Sidley Austin explains the changes that she anticipates. Also, can the U.S. maintain its ranking as the world's top LPG exporter? And what impact will geopolitical stress have on oil and gas prices?
Enbridge Inc. took over the top spot in the annual Midstream 50 rankings of the sector's publicly owned companies. Also, should the U.S. adopt a new benchmark for ultra-light oil? And, while the NGL "barrel" is at a 42-month high, the outlook for ethane is starting to look a little wobbly; and the Marathon-Andeavor merger would create an energy behemoth.
Money is flowing into the midstream space, says Maria Halmo, Alerian's director of research. And with infrastructure needed in the Northeast, it will keep coming. Also, EPA Administrator Scott Pruitt's recent troubles obscure his policy record that has won him plenty of friends in the oil and gas industry; and LNG exports are telling a classic American success story.
The energy industry will have to change the way it thinks as it enters into a new age of abundance. Also, a trade war with China could hurt U.S. exporters of NGL and LNG; infrastructure will be key to the success of Mexico's energy reform; and NGL prices rebound as global commodity inventories tighten.
The $1.75 billion sale of Brazos Midstream's Permian Basin subsidiaries could portend more transactions to come. Also, the Environmental Defense Fund is taking its methane emissions-fighting effort into outer space; and the EIA forecasts higher prices and production for crude oil as summer approaches.
Tara Dziedzoc of the New York Stock Exchange and Welles Fitzpatrick of SunTrust Robinson Humphrey spoke with Hart Energy's Jessica Morales about the outlook for midstream equities. Also, OPEC's control of world oil markets may be slipping, ethane's price is getting stronger and PIOGA's spring meeting focused on opportunities.
Unit Corp. sold a stake in its midstream affiliate for $300 million. Also, FERC's announcement of its recent tax allowance policy statement rattled investors. Was the revised policy the right call? And, EnLink's Chris Tennant and Greylock's Kyle Mork discuss their plans on camera with Hart Energy's Jessica Morales.
Chris Akers, president and COO of Eureka Midstream, talks about how midstream operators are carving out efficiencies in the Marcellus and Utica shales. Also, U.S. natural gas exports surpassed imports in 2017 for the first time in 60 years; and Midstream Connect features Eric Hazeldine of Quorum Software to discuss software solutions as midstream companies grow.
No matter the reactions from an audience dominated by oil and gas executives, the General Motors chairman and CEO was clear: an all-electric vehicle fleet is on the way. Also, global oil and gas prices could be impacted by a Washington policy shift if Michael Pompeo is confirmed as secretary of state.
Foreign policy expert Meghan O'Sullivan discusses energy and geopolitics with Jessica Morales. Also, coverage of CERAWeek by IHS Markit includes Energy Secretary Rick Perry's emphasis on innovation over regulation; and warnings by the heads of OPEC and the IEA of insufficient investment; and cybersecurity expert John Bass warns about how hackers are targeting your company.

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