Sunoco Logistics’ crude oil pipelines consist of approximately 5,400 miles of crude oil and have controlling interests in the Mid-Valley and West Texas Gulf pipelines.
Sunoco Logistics Partners, L.P. (SXL) released its financial information for 1Q14 on May 6, 2014.
Sunoco Logistics Partners L.P. (SXL) is a master limited partnership (or MLP) that owns and operates a logistics business, consisting of pipeline, terminalling, and acquisition and marketing assets.
As domestic producers have focused their drilling in crude oil– and liquids-rich areas, new gas processing facilities are being built to accommodate liquids-rich gas, which results in an increasing supply of NGLs.
Targa Resources’ (NGLS) LPG export volumes averaged 67 thousand barrels per day (MBbl/d) in 2013 compared to 32 MBbl/d for the previous year.
The company plans to expand the capacity to 1.34 billion cubic feet per day by the end of 2014 from 980 million cubic feet per day by end of 2013, an increase of ~37%.
In 2013, the company processed an average of 780.1 million cubic feet per day of natural gas and produced an average of 91.9 thousand barrels per day of NGLs.
Targa Resources Partners (NGLS) released its financial information for 1Q14 on May 1, 2014. The company recorded total revenues of $2.35 billion for 1Q14.
The acquisition marked NGLS’s foray into the crude oil pipeline business and strongly complements Targa’s logistics and terminalling assets for refined products.
Targa Resources Partners LP (NGLS) is a master limited partnership operating in the midstream energy space. Targa Resources Corp. (TRGP) is the general partner of NGLS.
Access Midstream Partners has reduced its dependence on Chesapeake in terms of volume in past two years. The trend continues in 1Q14.
In February 2014, ACMP made an agreement with MidCon Compression, L.L.C. to acquire certain midstream compression assets for $160 million.
The partnership that benefits ACMP GIP and Williams Companies, Inc. (WMB), through their joint ownership of Access Midstream Ventures, L.L.C., own the general partner interest in ACMP. As of February…
Utica’s growing importance in ACMP’s operations is evident from the fact that its share in the capital budget has increased to 40% within a little more than one year of operation.
TC PipeLines (TCP) derives a significant part of its revenues from its top two customers. TCP’s customers include large utilities, local distribution companies (or LDCs), and major natural gas marketers and producing companies.
By 2014, ACMP expects to increase EBITDA by 22%, to around $1.1 billion to $1.2 billion from $0.86 billion in 2013.
TCP has different contracts set up for its different pipeline systems. While most of its revenues are based on long-term contracts, in the Great Lakes pipeline system, the company derives its revenue from shorter-term contracts.
ACMP’s business model includes fixed-fee contract structure and long-term gas gathering agreements, which provides it long-term cash flow stability.
In 2013, TCP’s Northern Border pipeline delivered steady results despite its lower rates, which were instituted on January 1, 2013. Demand for its service has remained strong.
Access Midstream Partners released its financial information for 1Q14 on April 29, 2014. It recorded total revenues of $277.1 million for 1Q14.