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Why midstream and oilfield service companies need fracking
These companies offer several services, including transporting, storing, and processing natural gas and crude oil.
Plains All American Pipelines (PAA) owns and operates several gathering systems and pipelines that service crude oil production in eastern Montana and western North Dakota.
Higher production at the Bakken Shale of the Williston Basin is encouraging for the midstream pipeline operators.
The Sandpiper Pipeline is anticipated to be placed into service in early 2016.
ETP disclosed that it secured multiple long-term contracts with the shippers for the new pipeline.
According to IHS Capital estimates, $37.8 billion would be invested in U.S. crude oil pipelines between 2014 and 2025, with the majority being invested by 2020.
Condensate splitters were an easy way out for producers who wanted to make use of this by-product.
The company’s current Eagle Ford crude production has an average gravity of ~52 degrees.
Although pipelines are the cost-effective way to transport crude oil, they require huge initial investment and are often impeded by regulations from the government agencies.
The Bakken region now accounts for a little over 12% of total U.S. oil production.
GEL’s business lines complement each other and enable them to offer an integrated suite of services to common customers across segments.
GEL noted in its latest presentation that the negative impact felt in the last two quarters of fiscal year 2013 might well continue into the 1Q14.
GEL publicly announced that the 2014 capital spending would be about $310 million.
GEL’s core pipeline transportation business is the transportation of crude oil for a fee.
Genesis operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming, and the Gulf of Mexico.
The expected growth in revenues and earnings of Shell Midstream is contingent upon its successful implementation of capacity expansion projects.
Shell Pipeline Company (or SPLC) is a subsidiary of Shell that operates its midstream operations in the United States.
In December, 2013, Regency (RGP) entered into an agreement to purchase Eagle Rock’s midstream business for $1.3 billion.
Revenues from the Bengal refined pipeline operation is expected to decrease by 6% from 2013 to 2015 level.
The acquisition of Badlands assets in December, 2012, gave NGLS access to Williston Basin crude oil pipeline and terminal system and its natural gas gathering and processing operations.