Shale-Related Midstream Infrastructure -- Pipeline & Gas Journal, May, 2012

Link here to original article.

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