A San Antonio-based company has entered into a joint venture to build a 730-mile pipeline that will link the oil fields of the Permian Basin to refineries and marine terminals at Port Corpus Christi.
Source: San Antonio-based TexStar Midstream Logistics to build EPIC Pipeline linking Permian Basin to Corpus Christi – San Antonio Business Journal
Posted in CERAWeek, Corpus Christi, Permian, Pipeline, Port of Corpus Christi
Tagged CERAWeek, Corpus Christi, IHS CERAWeek, Permian, Pipeline, Port of Corpus Christi, TexStar Midstream
Cheniere Midstream Holdings is looking to build a 200-mile pipeline that would move 1.4 billion cubic feet of natural gas from Okarche to Bennington.This includes three compressor stations, with one in Bryan County and in Garvin county.”Right now we’re estimating it could be up to a $1 billion project that could potentially bring up to 1,000 jobs during production.” Director of Government and Public Affairs for Cheniere Midstreams said.
Source: Natural gas pipeline may come to Oklahoma
The Sierra Club filed a motion to oppose a $1.5 billion pipeline by Houston-based Spectra Energy Corp. (NYSE: SE) to deliver natural gas from the Eagle Ford Shale to customers in Mexico.Just a few hours ahead of a Dec. 23 deadline for public comment, Sierra Club attorney Nathan Matthews filed a motion to intervene with the Federal Energy Regulatory Commission to oppose the Valley Crossing Pipeline.
Source: Sierra Club files motion to intervene in Valley Crossing Pipeline’s FERC application – Houston Business Journal
One of Dallas’ largest public companies has claimed a major stake in a Houston-based midstream company.Dallas-based Energy Transfer Partners LP (NYSE: ETP) will buy the general partner of PennTex Midstream Partners LP (Nasdaq: PTXP), along with certain other interests, for about $640 million, the companies announced Oct. 25. The transaction is expected to close by the end of the year.
Source: Energy Transfer Partners to buy PennTex Midstream Partners’ general
Dakota Access pipeline parent co. to buy interest in Houston midstream co. for $640M
partner – Houston Business Journal
The Seaway Pipeline Co shut down part of its pipeline system following a leak of crude oil in Cushing, Oklahoma on Monday, said Enterprise Products Partners LP, which operates the pipeline in a venture with Enbridge Inc.The 500-mile, 30-inch diameter pipeline system connects the U.S. crude storage hub of Cushing to the Freeport, Texas area, and a terminal and distribution crude oil network that serves all the refineries in the Greater Houston area.The prompt crude spread, which often correlates to the supply-demand balance in Cushing, traded as wide as 69 cents on Monday, the biggest discount in nearly two months.Energy intelligence firm Genscape also reported the shutdown of its 450,000 bpd Seaway Twin pipeline, which twins the existing Seaway pipeline.The Seaway Pipeline system has a total capacity of about 850,000 bpd, according to the company website.A company spokesman said the spill occurred on the Seaway legacy line. He could not immediately confirm if the incident also resulted in the shutdown of the Seaway Twin pipeline, and did not provide an estimate of the volume spilled.The Seaway spill comes on the heels of a Sunoco Logistics Partners LP pipeline spill on Friday, which released about 1,300 barrels (55,000 gallons) in the vicinity of the Susquehanna River in Lycoming County, Pennsylvania.
Source: Enterprise says part of Seaway Pipeline shut after Cushing, Oklahoma spill | Reuters
Enbridge Inc. announced Wednesday that hundreds of its employees have lost their jobs as the Calgary-based firm moves to cut 5 per cent of its work force.One month after the oil pipeline giant announced a $37-billion deal to buy Houston-based Spectra Energy Corp. to create North America’s largest energy infrastructure firm, an Enbridge spokeswoman said the company will reduce its work force by approximately 5 per cent across the organization.About 530 positions are affected – including 370 in Canada and 160 in the U.S.
Source: Enbridge to cut 370 jobs in Canada, 160 in the U.S. – The Globe and Mail
nbridge Inc. (TSX, NYSE: ENB) (Enbridge) and Spectra Energy Corp (NYSE: SE) (Spectra Energy) today announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction (the “Transaction”), which values Spectra Energy common stock at approximately C$37 billion (US$28 billion), based on the closing price of Enbridge’s common shares on September 2, 2016. The combination will create the largest energy infrastructure company in North America and one of the largest globally based on a pro-forma enterprise value of approximately C$165 billion (US$127 billion). The Transaction was unanimously approved by the Boards of Directors of both companies and is expected to close in the first quarter of 2017, subject to shareholder and certain regulatory approvals, and other customary conditions.
Source: Enbridge and Spectra Energy to Combine to Create North America’s Premier Energy Infrastructure
H2O Midstream, LLC announced today that it has secured an initial funding commitment of $100 million, with investments from EIV Capital and co-investments from several of EIV’s institutional partners collectively representing more than $50 billion in assets under management. The company is currently pursuing oil and gas opportunities related to water infrastructure throughout North America.“We see a tremendous opportunity to help the industry lower costs, increase reliability, and improve safety performance while allowing producers to focus on core drilling, completions, and production operations,” said Jim Summers, Chief Executive Officer of H2O Midstream. “The key is applying best practices developed over the past 40 years by traditional midstream companies to the current challenges of the emerging water market.”
Source: EIV Capital and partners commit $100 mln to H2O Midstream – PE HUB
Houston-based Enterprise Products Partners LP (NYSE: EPD) continues to expand its natural gas footprint as natural gas production and piping continues to grow in the U.S.The midstream energy company announced June 20 it plans to build a cryogenic natural gas processing facility — its third facility announced in less than 24 months — as well as additional natural gas and natural gas liquids pipelines. Enterprise’s target: the NGL-rich Delaware Basin in West Texas and southeastern New Mexico. The facility’s site hasn’t been determined, but the plant is expected to have a nameplate capacity of 300 million cubic feet per day and extract more than 40,000 barrels of NGL daily. The facility is expected to start up in the second quarter of 2018.The project also includes building rich natural gas gathering lines, a residue pipeline to Texas’ Waha oil field and an NGL pipeline to Enterprise’s Mid-America Pipeline system, all of which will integrate with Enterprise’s Delaware Basin infrastructure.“The South Eddy facility began operations earlier this year, while our joint venture processing plant at Waha is expected to begin service in the third quarter of 2016,” A.J. “Jim” Teague, CEO of Enterprise’s general partner, said in the company’s statement. “Altogether, these initiatives are expected to increase our processing capacity in the Delaware Basin to 800 MMcf/d, compared to 40 MMcf/d in 2012.”Enterprise is the fourth-largest Houston-based public company, based on its $47.95 billion in revenue in 2014, according to Houston Business Journal research. It reported nearly $27.03 billion in revenue for 2015.
Source: Enterprise Products Partners to build new natural gas facility and pipelines – Houston Business Journal
Mexico’s state-owned power company selected a subsidiary of Houston-based Spectra Energy Corp (NYSE: SE) and a joint venture led by TransCanada Corp. (NYSE: TRP) to build two pipeline projects that will transport natural gas to Mexico.The TransCanada portion is the $2.1 billion Sur de Texas-Tuxpan pipeline project, and the Spectra portion is the $1.5 billion Nueces-to-Brownsville pipeline project. Calgary, Canada-based TransCanada will develop, operate and own 60 percent of the Sur de Texas-Tuxpan project, and its joint venture partner, IEnova, will own the other 40 percent. Mexico-based IEnova is a subsidiary of California-based Sempra Energy.The JV’s 42-inch diameter, 497-mile pipeline will begin offshore in the Gulf of Mexico near Brownsville, Texas, and will end in Tuxpan, Mexico. The project will connect with Cenagas’ pipeline system in Altamira, Mexico, and TransCanada’s Tamazunchale and Tuxpan-Tula pipelines, among others.It also will connect with the Nueces-to-Brownsville pipeline that Spectra subsidiary Valley Crossing Pipeline LLC will build. Valley Crossing will construct and operate a header system of more than 5 billion cubic feet per day in Nueces County, Texas, along with the 168-mile pipeline originating at that header. The pipeline will end at Brownsville, where it will connect with the Sur de Texas-Tuxpan pipeline.The TransCanada and Valley Crossing pipelines will carry 2.6 billion cubic feet of natural gas per day, and they’re expected to be in service in late 2018.”We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country’s future,” Russ Girling, TransCanada’s president and CEO, said in the company’s statement. “This new project brings our footprint of existing assets and projects in development in Mexico to more than $5 billion, all underpinned by 25-year agreements with Mexico’s state power company.”
Source: Spectra Energy, TransCanada to build pipelines to send natural gas to Mexico – Houston Business Journal