Enable In The Bakken -- The Bakken Simply Does Not Quit

A huge thanks to Steve for sending me this link. I never would have seen it, and I almost missed the key part of the story which comes about midway through the article. Investors.com is reporting:

Looking to take advantage of this windfall is Enable Midstream Partners (ENBL), a limited partnership that owns pipelines and processing and storage assets used to deliver and store crude oil and natural gas for clients.

Enable, which had its initial public offering last month, provides gathering and processing services primarily in the Anadarko, Arkoma and Ark-La-Tex basins in the U.S. West and South.

The company has around 11,000 miles of gathering lines, 12 processing plants, 7,900 miles of interstate pipelines and 2,300 miles of intrastate pipelines. Its eight storage sites can house about 86.5 billion cubic feet of natural gas.

Enable was created via a joint venture formed by CenterPoint Energy and OGE Energy, which hold 58.3% and 28.5% limited partner interest, respectively. ArcLight Capital Partners has 13.2%. I vaguely recall that I owned CNP years ago; I can't recall if I still hold any CNP. Seriously. I don't own any Enable. Yet.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or what you think you may have read here.

But this is the good part:

Bakken has already paid off for Enable. The firm has signed two long-term agreements with XTO Energy, a subsidiary of Exxon Mobil, to gather XTO's crude-oil production in the Bakken.

The second of those deals, announced in March, calls for Enable to provide services to XTO through a new crude-oil gathering system to be constructed in Williams and Mountrail counties of North Dakota. The system will have a capacity of up to 30,000 barrels per day of crude-oil gathering and include 85 miles of crude gathering lines.

The agreement also includes the construction of a water gathering and transport system for produced water. The water system will include 75 miles of gathering lines.

"These new contracts allow us to expand our asset infrastructure and to increase our crude-oil and water service offerings in the Williston Basin," Enable CEO Lynn Bourdon said in a statement. "Having a successful customer like XTO sign up as an anchor tenant on a second gathering system in this region demonstrates their confidence in our abilities as a service provider."

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Democratic Congressman: Ignore Laws When It Comes To Illegal Immigrants

Breitbart is reporting: Representative Luis Gutierrez (who, I believe, swore to uphold and defend the US constitution, but I could be wrong; and he could have had his fingers crossed), advocates that all government agencies ignore laws that adversely affect DREAMers.

We might as well start with letting folks get on commercial aircraft without a TSA screening. 

 

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A Note for the Granddaughters

I'm in a great mood. Almost euphoric. Okay, euphoric. I was probably moving into a manic phase anyway, but all the energy news this past week, I suppose, has pushed me over the top. It was quite a week. I think the fact that Baker Hughes actually increased its dividend for the first time since 2008 was the tipping point.

It was a busy weekend: soccer and swimming. The younger granddaughter posed with her soccer team's trophy and the older granddaughter improved on her personal best times in the breast stroke and the back stroke.

Then today, they came home from school with medals for reading a gazillion pages this past year. On a weekly basis, they kept track of how many pages of "outside" reading they did; it was all computed; and, with over 3,500 pages each, they each got a medal.