Monthly Archives: February 2015

Marcellus Shale Coalition President David Spigelmyer will be the featured speaker at Upstream PA 2015. Spigelmyer will provide an overview of upstream activity in PA in 2015 with a special focus on the challenges facing the natural gas industry. The two primary challenges are Governor Wolf’s tax proposal and resistance to pipeline construction throughout PA and many Mid-Atlantic and Northeastern states. In addition to Dave Spigelmyer, a few E &P companies will provide their perspectives on upstream activity in 2015. Upstream PA 2015, will be held April 16th at the Penn Stater Conference Center Hotel.  Upstream PA 2015 will bring together the E&P Companies, industry experts, and government consultants to discuss drilling activity, oil and gas pricing and a perspective on the Pennsylvania’s state government’s plans for the oil and gas industry.   Attendees can hear about the issues relative to drilling in 2015 and how to prepare their businesses for this very dynamic year. More


The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE:ENLC) (together “EnLink Midstream”), today announced  that EnLink will host its annual analyst and investor conference on Monday, March 30, 2015, from 1:00 p.m. – 5:30 p.m. Central time at the Hotel Monteleone in New Orleans, Louisiana. Members of EnLink’s senior management team, led by Barry E. Davis, President and Chief Executive Officer, will discuss business accomplishments, industry trends, and market opportunities. Steve J. Hoppe, Executive Vice President and President of the Gas Gathering, Processing and Transportation Business, and Mac Hummel, Executive Vice President and President of the Natural Gas Liquids and Crude Oil Business, will provide an overview of their respective business units and future growth opportunities during panel discussions with EnLink leaders. Michael J. Garberding, EnLink Midstream Executive Vice President and Chief Financial Officer, wil

EnLink Midstream Partners, LP today announced that it has acquired a 25 percent equity interest in EnLink Midstream Holdings, LP from EnLink Midstream, for approximately $925 million. The transaction consideration consists entirely of Partnership units, resulting in the issuance of approximately 31.6 million units to the General Partner. The Partnership’s total equity interest in EMH is now 75 percent, with the General Partner owning the remaining 25 percent interest. The acquisition will be immediately accretive to the Partnership, with the transaction value representing an approximate nine times multiple of estimated adjusted EBITDA of EMH for 2015. EMH owns the assets that Devon Energy Corporation contributed to EnLink Midstream in March 2014, which include gathering and processing systems in North Texas and Oklahoma. The assets are supported by long-term, fixed-fee contracts with minimum volume commitments. The drop down of the remaining 25 percent equity interest in EMH is exp

The oil and gas mining industry account for at least 10 percent of the overall economy in several states, including Texas where the shale boom has made a notable impact in Eagle Ford. According to the U.S. Energy Information Administration, Wyoming has approximately one-third of its economy in the energy industry, largely thanks to natural gas and crude oil found in the Niobrara formation. Additionally, Oklahoma, West Virginia, Oklahoma, and North Dakota all heavily rely on the industry to support local economies. The Shale Boom made a notable impact in certain states and communities around Eagle Ford and Niobrara. Midstream industry is more important than ever, and continuing efforts to build reliable transportation and permanent infrastructure have brought sustainable jobs for laborers of various skillsets, which range from highly skilled to unskilled labor. New Opportunities in the Midstream Sector It is difficult to ignore the substantial impact the oil and gas mining industry hav

Article from Shale Energy Business Briefing’s daily newsletter. The increase in US shale and tight crude oil production has resulted in a decrease of crude oil imports to America’s Gulf Coast area, particularly for light-sweet and light-sour crude oils, according to the Energy Information Administration (EIA). Historically, Gulf Coast refineries have imported as much as 1.3 million barrels per day (MMBPD) of light-sweet crude oil, more than any other region of the country. Beginning in 2010, improvements to the crude distribution system and sustained increases in production in the region (in the Permian and Eagle Ford basins) have significantly reduced light crude imports. Since September 2012, imports of light-sweet crude oil to the Gulf Coast have regularly been less than 200,000 BPD. Similarly, Gulf Coast imports of light crude with higher sulfur content (known as “light-sour”) have declined and have been less than 200,000 BPD since July 2013. Along the Gulf Coast (defined

Philadelphia-based Econsult Solutions, Inc. today released an economic impact study that finds the Sunoco Logistics (NYSE: SXL) Mariner East projects are expected to add up to $4.2 billion to Pennsylvania’s economy, supporting more than 30,000 jobs during the construction period and approximately 300-400 permanent jobs. The study, commissioned by Sunoco Logistics, is designed to forecast the potential economic and fiscal impacts of its proposed Mariner East projects on the Commonwealth’s economy, including the development of a 50-mile pipeline that connects with an existing pipeline, construction of a new 350-mile pipeline, and the repurposing of its Marcus Hook Industrial Complex to store and process natural gas liquids (NGLs). SXL recently announced plans to invest approximately $3 billion in Pennsylvania for the Mariner East projects to transport NGLs from western Pennsylvania, West Virginia, and eastern Ohio to its Marcus Hook Industrial Complex – a former oil refinery – f

In reviewing some of the MUM presentations, I want to identify some key information in order to provide overview of the conference. Crestwood Midstream – Edmund Knolle • NE Marcellus reserves will supply the region for generations.• More infrastructure required to bring regional gas to regional markets• NE market demand will grow significantly over next 10 years driven by coal retirements and new gas fired power plants sited near low cost reserves• Increased regional use of natural gas for electric generation will increase short term volatility and the need for regional liquidity and balancing services Navigator Energy Services – John O’Shea • Producer Budgets 2015o Cabot   +4.3%o Southwestern +8.3%o EQT   +4.2%o Range  (18.2%)o Rex   (44.4%)o Antero  (41.0%) Kinder Morgan – Karen Kabin Kinder Morgan Projects• Utopia East – 330 miles, 12”o Ethane/Ethane Propane Mixo Harrison County, OH to Windsor Ontarioo January 1, 2018 in-service