Link to earlier post this week.
Data points
- midstream infrastructure lagging
- unprecedented midstream infrastructure building boom
- $511 billion cumulative boost to US economy over next two decades (2010 - 2030)
- advantageous for some operators to own infrastructure through master limited partnerships
- Chesapeake and Anadarko own MLP midstream infrastructure
- High Prairie Pipeline, new major pipeline project, Saddle Butte (named for the original company operating in the state); southeasterly from the Bakken to Clearbrook, MN; owned by NYC-based private equity and venture capital firm, Yorktown Energy Partners
- sense of urgency in ND for NGL pipelines; four new plants under development
- DCP Midstream Partners LP: one of the nation's largest gas processor throughout all of the major basins, north-to-south, in the middle of the lower 48; the only two in which it does not have a presence now are the Bakken and the Marcellus; company intends to develop a presence in those two as well
- DCP CAPEX now $4 billion; planning an additional $2 billion
- some estimates, industry-wide: $7 1- billion/year for the next several years
- Crestwood Midstream Partners LP: founded in 2010 when they purchased three existing gathering systems in the Barnett Shale from Quicksilver Resources; in February, entered the Marcellus by buying Antero Resources;
- major obstacle to growth: US Army Corps of Engineers
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