Midstream Business Magazine - September/October 2017
Cover Story
How The Midcontinent Stacks Up
The Stack bustles as the industry finds some positive, Permian-like qualities to the Midcontinent’s best play. Attractive costs and infrastructure also boost the region’s other unconventional prospects.
Editor's Note
A New Season
Besides the usual questions about production, storage and weather, the gas business has a growing exports issue: How large will they be?
Feature
Better Prediction
Not every pipeline repair is equally urgent. How can pipeline operators tell the difference?
Credit Parties
The money is there for midstream expansion projects, but there are multiple lending and credit issues to consider.
DCP, MarkWest Top Annual Survey
The Midstream Business annual rankings of the sector’s largest natural gas processors and NGL processors for calendar year 2016 were a study in contrasts. In both cases familiar names continued to top the charts.
Investing In Opportunity
EagleClaw Midstream spotted opportunity and built a gathering and processing system to serve the booming southern Delaware Basin—and private equity followed.
Red Rover, Red Rover, Send People Over
Energy Transfer Partners’ Rover Pipeline is a prime example of extreme demand escalation. Capex on the project is forecast to reach $4.2 billion.
Regulatory Relief
One thing is exceedingly clear about the Trump administration: They don’t like unnecessary and duplicative regulations.
The Interview: Beyond The Cotton Valley
Mike Noack is president and COO of Tristate Midstream.
The Permian Gets Gassy
Natural gas production from this oily basin could double by 2020, causing bottlenecks. Mexican end users and overseas LNG buyers wait while the midstream gears up.
Waha’s Where It’s At
If Permian gas production is growing, that mean’s the region’s central gas pipeline hub—Waha—will only grow in importance.
Alerian Index
MLP Model Relevance
When Kinder Morgan Inc. first left the MLP space, it was an anomaly. Now that ONEOK Inc. and Targa Resources Corp. have both also bought in their MLPs, there is validity to the question of whether the MLP model is still relevant.
Finance Matters
Clawing Back Respect
But looking beyond the maze of trading patterns, the Raymond James analysts see better times ahead—and opportunities to be seized in the wake of the market’s recent mispricing of midstream stocks.
NGL Frac Spread
Higher Prices, Wider Margins
NGL prices regained lost ground as rallies pushed on in the third quarter.
Transaction Update
Good Buy?
EQT’s deal for Rice is opposed by an activist investor.