mr. harehau a FYI on an article on Forbes website.....its comments on how you can invest in pipeline via distribution (local utilities)... the latest is Spectra (SE) proposing a pipeline with Northeast Utilities to help New England gain access to the east coast shale gas....
Natural Gas: Innovative Financing Breaks Distribution Barriers by Richard Levick - Contributor
for what its worth i also agree with your views in the last post.....
The project also involves the construction of a new road that would run for about a mile to support tanker trucks and other industry-related traffic. The BLM says the new road would allow the truck traffic to bypass the Horse Thief Campground and reduce conflict between outdoor enthusiasts and industry activity.
Environmental groups that include the Sierra Club and the Southern Utah Wilderness Alliance are trying to stave off any future drilling or potash mining in the area and pushing for the creation of the Greater Canyonlands National Monument — a proposal involving 1.8 million acres that would halt resource extraction.
At the same time, Rep. Rob Bishop, R-Utah, is cobbling together a public lands initiative that includes both wilderness designations and carving out lands where grazing, drilling and mining are most suitable. Thrown in that mix for Bishop's effort — dubbed the "Grand Bargain" — is land-use planning that also puts in protections with recreation uses in mind.
On this latest turn of industry activity in the Grand County area, the BLM is accepting written comments via letter or email until Aug. 27 on the proposed collector lines. The agency is advising that the most useful comments are those that contain new technical or scientific information.
Published Aug. 18th - perhaps this is related to today's news?
Proposed collector natural gas lines in Moab area up for public review
By Amy Joi O'Donoghue, Deseret News
SALT LAKE CITY — A proposed 25-mile network of gathering lines to carry the captured natural gas from existing or new oil wells is up for public review in what promises to be another controversy between environmentalists and industry.
Tension has continued to dominate the interplay among Grand County officials, Fidelity Exploration and Production Co., and environmental groups over the uptick in industry activity on lands adjacent to prime red rock recreation spots outside Moab.
Fidelity wants to put in 25.3 miles of connector lines to its main Dead Horse Lateral Pipeline that is being installed to capture natural gas that was being flared off. Authorities estimate that 456 million cubic feet of natural gas was lost in 2013 from flaring in the Big Flat oil field, or enough gas to supply 236,000 homes.
A draft environmental analysis has been prepared and released by the Bureau of Land Management on the network of proposed collector lines, of which 22.5 miles will be buried and the remainder above ground.
The lines will ultimately help to convey the gas to the main Dead Horse Lateral Pipeline, which will carry it to a new natural gas processing plant near Blue Hills Road off U.S. 191.
Groups such as the Sierra Club have fought against the Dead Horse Pipeline, citing safety concerns and its proximity to Dead Horse Point State Park and Canyonlands National Park, and raising objections over the manner and extent of regulation.
The collector lines are in support of the existing or possibly new 19 wells in the oil field, where horizontal drilling has liberated reserves of oil and breathed new life into government-issued leases from more than five decades ago.
Purchases of easements for pipeline to begin
by Keith Norman
Because the Wind Ridge Pipeline connects to a Northern Border Pipeline that crosses state lines, ultimate regulatory authority lies with the federal government, said David Hanobic, project manager for FERC.
“We’ll do an environmental study and look at wetlands, wildlife, vegetation and cultural resources,” Hanobic said. “It is very early in the environmental review process.”
FERC commissioners will consider authorization of the project after reviewing environmental and other data gathered during the application process.
Most landowners at the open house were concerned with the compensation for granting an easement for the pipeline.
“Most farmers want to know what the easement will pay, what is paid for crop damage,” said Rep. Mike Brandenburg, R-Edgeley, and a LaMoure County farmer. “They want to know a little more before they jump up and down.”
Rasmussen said WBI Energy had already dealt with most landowners along the route during the survey process. Now the staff will begin contacting those same farmers about easements.
“In general, there is a sense of support for the project,” he said. “There is even interest in Wishek and Lehr about providing natural gas to residential customers. That takes a distribution service provider. We’re a trunk line.”
Construction of the Wind Ridge Pipeline project is slated to begin in spring 2016 with completion in early 2017. The line would serve the planned CHS nitrogen plant, which is expected to begin operations in the first half of 2018.
Where did everyone go? No posts??... not even the mindless drivel from jrchalley.....
From the Jamestown Sun
Purchases of easements for pipeline to begin
Purchases of easements for the Wind Ridge Pipeline project should begin in the next two weeks, according to Tim Rasmussen, public relations manager for MDU Resources Group Inc. The pipeline project is owned by WBI Energy, which is a division of MDU Resources Group.
The planned 95-mile pipeline would connect to the Northern Border Pipeline near Ashley and provide natural gas to the planned CHS nitrogen fertilizer plant at Spiritwood. The total cost of the pipeline is estimated at $120 million and would cross McIntosh, Logan, LaMoure and Stutsman counties.
Rasmussen and WBI Energy representatives met with local landowners and officials during an open house Thursday. The meeting followed open houses at Wishek and Gackle earlier this week.
“We’ve had good participation at all the meetings,” Rasmussen said. “A lot of discussion. A lot of people seeking information.”
Rasmussen said WBI Energy representatives met with 37 people at Wishek and 46 at Gackle. Nearly 50 people attended the first half hour of the open house in Jamestown
The open house format consisted of WBI staff presenting information and answering questions. Survey maps indicated the exact route of the planned pipeline and the landowners affected by the project.
Federal Energy Regulatory Commission representatives also provided information.
Garland also sees "a lot of opportunity" around condensate-related infrastructure, including gathering, splitting and dock facilities. "More to come on that in the future," he said.
A 30,000 b/d rail unloading facility at the company's 96,000 b/d refinery in Ferndale, Washington, will be online in the fourth quarter.
"We're disappointed" in the slow permitting process for the company's planned 40,000 b/d Santa Maria rail unloading facility, which would serve the company's San Francisco refining complex, but "it just takes time in California to get things permitted," Garland said. The company has also contracted for 20,000 b/d of capacity out of Plains All American Pipeline's upcoming rail terminal in Bakersfield, California.
Phillips 66 loads 20,000 b/d of crude by rail out of Hardisty, Alberta, and 10,000 b/d at Cogent Energy Solutions' 240,000 b/d facility in Casper, Wyoming, which is connected to the 280,000 b/d Express pipeline from Canada.
Phillips 66 to build Bakken rail facility
Houston, 3 September (Argus) — Phillips 66 will build a rail-loading facility permitted to handle up to 200,000 b/d of Bakken crude, the first time a US refiner has directly owned a North Dakota origination terminal. The company will also buy 500 rail cars, bringing its total fleet to 3,700.
"We have permits in hand in engineering to construct a new rail-loading facility. This is permitted up to 200,000 b/d. We'll probably do about 160,000 b/d" and build about 300,000 bl in storage, chief executive Greg Garland said today at the Barclays CEO Energy Power conference.
Refiners like Tesoro, Phillips 66 and PBF Energy have been keen to source crude by rail but so far largely invested in refinery-side or destination unloading facilities while taking out capacity, without owning or building the facilities, on the origination side. Producers like EOG Resources and Hess have invested in terminals on the origination or oilfield side.
Phillips 66 is working to bring more advantaged crudes to its refineries and invest more in shale crude logistics, including dropping midstream assets into a master limited partnership (MLP). It is adding another Jones Act vessel for a total of three in its fleet in January, and looking to bring more advantaged crudes to its 250,000 b/d Alliance refinery in Belle Chasse, Louisiana.
The company last year took order of 2,000 new railcars and put in an additional order of 1,200 general purpose rail tanker cars for receipt from summer of 2014 through early 2015 for a total rail-owned fleet capacity of 160,000 b/d.
Phillips 66 unloaded its first unit train on 5 August at its new 70,000 b/d crude-by-rail facility at its 250,000 b/d Bayway refinery in New Jersey. It also has capacity to take 50,000-75,000 b/d from a Global Partners facility, and can also receive crude from the Texas Gulf coast via its two Jones Act vessels.
Pickens: Pennsylvania natural gas production approaching that of Texas
by Sam Kusic - Staff Reporter - Pittsburgh Business Times
The oil and gas industry is the most dynamic industry in the U.S. and will remain so for a long time, according to T. Boone Pickens, chairman of BP Capital Management, who spoke Monday during Gov. Tom Corbett's Jobs 1st Summit in Pittsburgh.
"What an opportunity for our country with 30 of our states being producing states," he said.
A Dallas resident, Pickens said the country should take advantage of its energy resources and convert its fleet of commercial heavy-duty trucks over to natural gas. And it should form a strategic energy alliance with Canada and Mexico.
Those two things he said could end the country's dependence on OPEC oil, he said
Pickens also noted Pennsylvania's natural gas production is quickly approaching that of Texas. He said that is due in part to Corbett's leadership.
I think you mentioned IRET before.....I did some work inside Zell's commercial office REIT before he sold out at the high in the markets....
I prefer a large cap REIT.
have positions in HCP, Ventas (VTR), Digital Realty (DLR), American Tower (AMT), Crown Castle (CCI) and Weyehauser (WY), (bought WY to trade out of Rayonier since it RYN split into two pieces)
interest rates rising will hurt REIT's price, but I am thinking the real estate/timber will be a hedge against inflation that I see coming in the out years.....
DLR is a REIT for data centers and AMT & CCI are cell tower REITS.....
HCP and VTR are medical property REITs, its a play on aging population and medical infrastructure.... having worked for Zell's commercial office REIT that company tried not to get medical offices into its properties since it cost more to build out the space (plumbing, etc...)
Windstream got approval to put landline business into REIT, when/if this type of asset comes to market I might look at it also....
time will tell if this works out...
I also do the grocery shopping here. my particular area has so many grocery stores the competition keeps prices down, especially compared to most of the rest of the country. factoring in also the area being probably the biggest transportation hub in the u.s. our food costs are much lower then average......if you shop in bulk and shop around you do okay here.....
when rates are forced to go up, I think being in fixed income funds will be more damaging then equities.... while equities will go down, over time the price should bounce back faster then a fixed income fund.... also equities are probably a better hedge over time against inflation.....
this last week I lightened up on fixed income funds/ETF's..... moved money to blended fund, REIT's, and equity ETF.... my thinking is short-term (months) the low interest rate policies of Fed will hold so equities should keep appreciating.....where else will you invest if you sell out of equities?....
I have been very much against Fed zero rate policy and feel it will be very harmful when it unwinds.... not sure what is the best strategy to play against Fed.... Fed holds all the cards and can do what it wants - when it wants.......
i agree with you don.... one of the reasons interest rates can't go up is the interest payments on the new debt would be staggering especially if rates were just at historical averages.....also I feel any increase will hurt housing sales and housing prices.....
I also agree with you don that rates will be kept down until Obama leaves office....the next person occupying the white house will be left holding the bag....
I also don't understand how it is reported that inflation is down.or modest..... red meat prices and gasoline prices since Obama has taken office are just two examples.....
TULSA, Okla.--(BUSINESS WIRE)--
Williams' (WMB) board of directors has approved a regular dividend of $0.56 on the company’s common stock, payable September 29 to holders of record at the close of business September 12.
The $0.56 quarterly dividend, or $2.24 on an annualized basis, is consistent with Williams’ previously announced plans to increase its third-quarter 2014 dividend by $0.135, or 32 percent, from the previous quarterly dividend of $0.425 per share. The sharp increase in the third quarter dividend resulted from the July 1 acquisition of controlling interests in Access Midstream Partners as well as the decision to accelerate a planned shift to a pure play GP holding company.
The new amount is an increase of $0.193, or 52.9 percent, from the third-quarter 2013 dividend.
In addition to the third-quarter 2014 dividend increase, Williams also is affirming dividend-growth guidance of approximately 15 percent annually – from the higher third-quarter 2014 base – through 2017 with planned dividends of approximately $1.96 in 2014, $2.46 in 2015, $2.82 in 2016, and $3.25 in 2017.
From a March 24th Reuters story
UPDATE 2-MDU Resources seeks more customers for proposed Bakken gas pipeline
MDU Resources Group Inc is looking for more natural gas producers to sign up to use a planned $650 million pipeline that would transport the fuel through North Dakota to Minnesota, the company's chief executive said on Monday.
The company in January launched a 120-day period for prospective customers of the pipeline, the largest project in the company's history, to sign supply agreements to transport natural gas.
"We're encouraged by the reaction of the marketplace, but I'd be getting ahead of myself if I said we're ready to build," Dave Goodin, MDU's chief executive, said during an interview at the Howard Weil energy conference in New Orleans. "We need some binding commitments."
Goodin declined to specify how much business the proposed pipeline has inked so far.
"Ideally, we'll be oversubscribed," he said.
Given that roughly a third of all natural gas produced in North Dakota's Bakken shale is flared, pressure has been strong from political and environmental groups to build new pipelines. Yet with the cost of natural gas near decade-lows, producers have been reluctant to spend significant amounts of money to address the issue.
The pipeline would connect with similar pipelines from TransCanada and others, letting the natural gas be transferred farther and access even more markets. All natural gas pipelines out of the Bakken are at capacity and MDU's pipeline would create more transportation options for producers.
The open season-period ends May 30 and at that time MDU will begin deciding whether to build it. Permitting alone could take two years, and construction should then take six to 12 months, Goodin said. That would mean the pipeline wouldn't be online until 2017 at the earliest.
"A little bit of the challenge here is for the market to look that far in advance," Goodin said.
mr. harehau I noticed a few of the pipeline companies had a nice pop-up today (KMI, TRGP, WMB)... was the Russia news the cause for investors to go into domestic pipelines??
my vote is for KMI to buy TRGP, not waste time with DNR... I am still looking at DNR but as of yet have not bought in....... I am on the fence looking at DNR not sure what to make of it as an investment.....
Eight companies got involved. Exelon, pushed into a dogfight with competing bidder Public Service Enterprise Group Inc. of Newark, N.J., had to boost its opening offer by $1.3 billion, or 24 percent, to win Pepco. The takeout price was at 22.5 times Pepco's estimated earnings for this year.
So, with Pepco's hefty haul announced in April, why did Mr. Schrock and Integrys' board opt not to test what the market would bear?
A spokeswoman declined to comment beyond what was in the SEC filing.
Integrys' board considered at three different times — in February, May and in June, just as it was determining whether to accept what turned out to be the winning offer — whether to solicit other bids, according to the filing. The board was advised by its investment banker that it was highly unlikely another company with the strategic interest and financial strength to buy Integrys would trump the Wisconsin Energy offer.
In addition, the board was concerned that opening up the bidding process could result in a press report on Integrys' discussions and scare off Wisconsin Energy, which was perceived as a particularly good strategic fit with Integrys.
Integrys owns Peoples Gas, the natural gas utility in the city of Chicago, and North Shore Gas, which delivers natural gas to customers in 54 northern suburbs. It also owns electric and gas utilities in Wisconsin, Michigan and Minnesota.
The deal requires approval by the Illinois Commerce Commission, along with other state utility regulators and federal agencies. Wisconsin Energy earlier this month offered to freeze gas delivery rates in Illinois for two years, but only after the ICC rules on an already-filed request for a rate hike. That rate hike, which the ICC must consider early next year, would boost Peoples Gas bills by about $5 per month.
Consumer advocates say Wisconsin Energy should agree to freeze rates at today's levels and shelve the pending rate hike request.
From Crain's Chicago Business
Integrys execs to rake in $34 million in golden parachutes
By Steve Daniels
Five top executives of Integrys Energy Group Inc. will collect $34.1 million in cash and stock under their employment contracts once the Chicago-based utility holding company's sale to Wisconsin Energy Corp. is completed next year.
Integrys CEO Charles Schrock will reap $13.1 million in cash and stock, according to a Securities and Exchange Commission filing Aug. 13 by Wisconsin Energy. Integrys President Lawrence Borgard will get $9.6 million.
None of Integrys' brass will remain with Wisconsin Energy, which will be renamed WEC Energy Group Inc., once the $5.7 billion acquisition is completed next year.
Mr. Schrock's golden parachute is divided almost evenly between cash and stock. He's slated to receive $6.3 million in cash, with another $6.8 million coming in the form of stock awards whose vesting will be accelerated due to the deal. In addition, Mr. Schrock will be paid another $16.8 million in cash to cancel his vested stock options and restricted stock.
Mr. Schrock has worked for the company for 35 years.
The SEC filing also includes details of the negotiations between Wisconsin Energy and Integrys in a process that started last December. It makes clear that once Integrys agreed to discuss a takeover with the Milwaukee-based utility, it considered and ultimately rejected soliciting other offers.
The net result was a per-share price of $71.47, about a 17 percent premium for Integrys shareholders. That valued the company at about 19.8 times its estimated earnings for 2014.
Chicago-based Exelon Corp., which owns Commonwealth Edison Co. and is one of the largest utility holding companies in the country, only could wish its recent acquisition target, Washington, D.C.-based Pepco Holdings Inc., had been so reticent. After Exelon CEO Chris Crane approached Pepco about a deal in January, Pepco quickly put itself up for auction.
"The latest pipeline pronouncement will, as with all pipelines, cut a damaging path through public and private lands for the private profits of industry," said Maya van Rossum, head of the Delaware Riverkeeper Network, which has challenged several similar ventures.
The lack of pipeline capacity in the region hit home dramatically this past winter when gas prices in coastal centers such as Philadelphia spiked sharply even though there was plenty of fuel in the shale region. Electricity prices, which are tied to natural gas costs, shot up.
The pipeline would connect with UGI's gathering system in Luzerne County and terminate at Transcontinental Gas Pipe Line Co.'s Trenton-Woodbury Lateral in Mercer County, N.J.
The pipeline's four partners -- UGI, AGL Resources, the pipeline subsidiary of New Jersey Resources and South Jersey Industries -- have committed to take about half of the pipeline's proposed daily capacity of 1 billion cubic feet (bcf) of natural gas.
PennEast on Monday announced a one-month "open season" for prospective shippers to buy the remaining capacity.
As an interstate pipeline, the PennEast project would have eminent domain rights to claim rights-of-way from landowners with which it is unable to negotiate an easement.
Northeast gas customers historically were served by long-distance pipelines from Gulf Coast gas fields. But that has changed with the dramatic growth of Appalachian shale drilling, which uses hydraulic fracturing, or fracking.
Williams Co. is currently getting approvals for its proposed 178-mile Atlantic Sunrise Project to deliver gas from Lycoming County to southern states. Columbia Gas is expanding its pipeline in eastern Pennsylvania, including the Philadelphia suburbs.
And Sunoco Logistics Partners L.P. plans to begin shipments of natural gas liquids late this year on its 300-mile Mariner East project from western Pennsylvania to a sea terminal in Marcus Hook.
Proposed 105-mile pipeline would bring more shale gas to region
by Maykuth, Andrew. McClatchy - Tribune Business News
Aug. 13--A consortium of New Jersey and Pennsylvania utilities wants to develop a 105-mile pipeline to deliver low-cost Marcellus Shale natural gas to East Coast customers, easing bottlenecks that caused price spikes last winter.
The PennEast Pipeline Company L.L.C. on Tuesday announced plans to build a $1 billion, 30-inch diameter pipeline from Luzerne County to the Trenton area. Utilities and customers in Pennsylvania and South Jersey would be the beneficiaries.
UGI Energy Services, a subsidiary of UGI Corp., of Valley Forge, would build and operate the interstate pipeline. UGI's gas utilities serve 45 Pennsylvania counties, including outlying portions of Bucks, Montgomery and Chester Counties.
Affiliates of South Jersey Gas, New Jersey Natural Gas and Elizabethtown Gas in New Jersey are also investors in the project.
"This project serves to meet that growing demand in the mid-Atlantic marketplace, while providing greater system resiliency and reliability for local utilities," John Walsh, UGI's chief executive, said in a statement.
Planning and regulatory approvals are expected to take more than two years. Construction would begin in 2017.
Business leaders hailed the plan as a boost to Pennsylvania's natural gas industry. PennEast said the project would employ 2,000 people during construction.
The pipeline is the latest effort to build out infrastructure to deliver gas from the shale region to customers. The gas price in the Marcellus typically trades at a discount to national markets because of pipeline constraints.
But the pipelines increasingly have attacted opposition from adjoining landowners, anti-drilling groups and climate-change activists. The New Jersey Sierra Club and the Delaware Riverkeeper Network denounced the PennEast project Tuesday.