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Breitburn Energy Partners L.P. Message Board

moneyonomics 129 posts  |  Last Activity: 12 hours ago Member since: Jan 16, 2010
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  • Findlay OKs natural gas drilling at airport

    April 23, 2014
    By Aaron Aupperlee

    The Findlay supervisors approved on Wednesday permits necessary for Consol Energy Inc. to drill for natural gas at Pittsburgh International Airport despite concerns that one well pad was too close to a residential development.

    Consol hopes to start drilling this year. County officials say the deal could generate more than $500 million in royalties over about 20 years.

    Consol President Nick Deluliis said the project will be a model of safe and responsible natural gas development.

    “Our supervisors let us down. They're wimps, as far as I'm concerned,” said Bob Sterner, 52, a resident who wanted well pad No. 2 moved back from the Imperial Pointe neighborhood.

    Sterner, who attended the meeting, said Chairman Tom Gallant, an Imperial Pointe resident, tried to get the pad moved, but the other two supervisors would not let it come to a vote.

    Read

  • moneyonomics moneyonomics 12 hours ago Flag

    hi eb. there are no other E&P mlps in immediate danger that I can see.

  • moneyonomics moneyonomics 12 hours ago Flag

    coochy you dont think eroc is leveraged (read the press release could not meet debt covenants and if you cannot meet debt covenants what does the size matter). at what leverage cost will they be able to expand? how many new units can they issue and now much will it dilute ability to pay distributions and if you notice they did not say they were going to reinstate distributions at same level. at what interest rate will they be able to fund new debt with what liquidity measures. their scoop et al properties are not traditional E&P mlp assets as they have high drilling cost and fast decline which leads to high maintenance capital as well as need for new development capital. why did they "not" divest the E&P assets and keep the midstream asset. sorry this is not a formula for value creation

  • Assuming divestiture is eventually approved, study Constellation Energy Partners (cep) an MLP E&P history and where they are today (have not paid a distribution since May 2009). what unit holders need to evaluate with this eroc event is how will they fund future growth and at what interest rate/unit price to acquire mlp type E&P assets which they will need to acquire quickly to be a viable long term E&P MLP.

  • Enterprise Products to Build Ethane Export Facility on Texas Gulf Coast


    HOUSTON--(BUSINESS WIRE)--Apr. 22, 2014-- Enterprise Products Partners L.P. (NYSE: EPD) announced today that it plans to build a fully refrigerated ethane export facility on the Texas Gulf Coast. Enterprise has executed long-term contracts to support the development of the facility, which is designed to have an aggregate loading rate of approximately 10,000 barrels per hour, or up to 240 thousand barrels per day (“MBPD”). The export facility is expected to begin operations in the third quarter of 2016.

    “We are pleased to announce the successful development of our fully refrigerated ethane export facility, which will be the largest in the world,” said Michael A. Creel, chief executive officer of Enterprise’s general partner. “We continue to receive strong interest from the international community for this project and are having ongoing discussions with other potential customers that could result in our contracting the remaining capacity of the facility.”

    “This facility is another example of Enterprise serving incremental market demand for growing supplies of U.S. energy. This is particularly important for ethane, which is a byproduct of natural gas and crude oil production and has limited uses. We estimate U.S. ethane production capacity currently exceeds U.S. demand by 300 MBPD and could exceed demand by up to 700 MBPD by 2020, after considering the estimated incremental demand from new ethylene facilities that have been announced. By providing new markets access to ethane, we are assisting U.S. producers to increase their production, which assures the U.S. will have access to abundant supplies of domestically produced natural gas and crude oil,” stated Creel....

  • Reply to

    Weakness today.....

    by melodius27 Apr 21, 2014 12:01 PM
    moneyonomics moneyonomics Apr 21, 2014 1:00 PM Flag

    its the hedgeye short attack

  • moneyonomics by moneyonomics Apr 20, 2014 3:32 PM Flag

    May this day bring all into the LightTt

  • Reply to

    Offering

    by nosweat82 Mar 20, 2014 7:57 AM
    moneyonomics moneyonomics Apr 17, 2014 7:56 PM Flag

    look to me like people with nothing important to do in their lives but bother others. if rpeort them as abuse and if others do their posts get erased

  • ...And what’s the status of the Y grade line of the Marcellus, Utica? Where do we stand?
    Rich Kinder - Chairman and CEO

    Yes, we continue to work on it but we don’t have commitments yet. So we are not putting it in the backlog. There is some indication from the market that people have been very focused on getting some of their dry gas outlet taking care of course and they’re going to turn their focus and attention to additional wet woods or NGL outlets. So I would say that the interest in the project continues to grow. So the update for the quarter is people are interested and more interested than they were the quarter before. But until that turns itself into signatures on contracts again it’s not going in the backlog and we’re not going to call it done...

    ...And as Tom pointed out, we do have the ability to use that line. We’re preserving the ability to do both. And that’s our preference. We want to do residue gas outlets on the TGP system. We want to presser the Y grade option assuming our customers are willing to sign-up. But ultimately if they’re not, then we can put that line in residue gas service and put it to good use that way. So long story short, we don’t have the commitments we need yet, but I think interests from the customers continue to grow and we’ll keep working on it....

  • .01 would be fine also

  • moneyonomics moneyonomics Apr 15, 2014 1:09 PM Flag

    arb, marv and chrx rest of story from Antero pr-provides pricing point optionality

    "..Marcellus Processing Update
    Antero ... with have access to a total of 1.2 Bcf/d of Marcellus cryogenic processing capacity (at Sherwwod....
    ...Natural Gas
    On April 14, 2014, Kinder Morgan Energy Partners, L.P. announced that KMP unit Tennessee Gas Pipeline Company ("TGP") awarded Antero Resources 100% of the capacity ....The BRF Project provides 590,000 MMBtu/d of firm transportation capacity... to delivery points along the Gulf Coast....
    ...Further, Antero successfully bid on an additional 600,000 MMBtu/d of firm gas transportation directed to the Gulf Coast. The primary delivery point for this firm transportation capacity is located near growing Gulf Coast petrochemical demand and the future LNG export corridor. In the near term, this new firm capacity gives Antero the option to redirect gas from its Midwest-directed capacity to Gulf Coast pricing when commodity prices are more favorable than Midwest pricing. Should Antero elect not to redirect this gas, this firm capacity will likely be utilized as release capacity to transport third party gas out of the constrained Northeast area offsetting Antero's firm transportation costs associated with this capacity. In the longer term, Antero ultimately expects to link to this capacity by committing volumes either to existing east to west pipelines or support a new-build project connecting Antero's Utica Shale to this new firm transportation. In the latter case, the 600,000 MMBtu/d of firm transportation will be incremental to Antero's firm transportation portfolio from the Utica Shale to the Gulf Coast.... By 2016, the above firm transportation portfolio provides Antero the ability to direct 49% of its production to the Gulf Coast, 28% to Appalachia and 23% to Midwest pricing, including Chicago and Detroit.

  • Msg 37294 of 37296 at 4/14/2014 9:40:47 PM from in mlp board by

    passandshoot


    CS Current Picks
    Stock-Picking: Despite the decent start to the year for the sector, we
    continue to believe that 2014 will require investor discipline and the game
    will continue to be more about stock picking than thematic investing
    (something we have seen so far with some divergent performance across
    names even within sub-sectors). Our top picks over the next 12 months
    include ETE (CS Focus List), ENLC & ENLK, PAA, and WMB. Our top
    "Core" holdings (including N-rated names) include ETE, MWE, PAA, EPD,
    MMP, and SXL. We view as under-appreciated and counter-consensus
    picks RGP, MEP, and KMI/KMR/KMP.

  • Kinder Morgan Energy Partners (KMP) announced that KMP’s Tennessee Gas Pipeline Company, or TGP, has awarded Antero Resources (AR) 100% of the capacity offered in TGP’s binding open season for its proposed Broad Run Flexibility and Broad Run Expansion Projects. The open season, which closed April 11, totaled 790,000 dekatherms per day for long-term firm capacity for 15 years on the Broad Run Lateral in West Virginia and on TGP’s 100 and 500 mainlines

  • Msg 137345 of 137350 at 4/11/2014 6:29:12 PM from investorviallge bry board by

    windfallwilly


    In response to msg 137344 by jbasel314 view thread
    Re: NOAA, Friday trading volumes, Rob Ry's supply/demand, powerburn/Rob Ry storage predictions, my speculations



    Make no mistake - the high demand for coal is due to the fact that utilities ran low and ran out of coal during the cold Winter months. They weren't expecting so much cold. Then along came the rail problems. Many are now worried about next Winter - don't want to be caught with a shortage of coal again. They are trying to stockpile, but the rail problems continue. In the north, BNSF says rail problems will last until year end. By then, it's Winter again.

    I don't know where all the bottlenecks are for rail, but I know where some of them are. It's not good. Trying to catch up: I saw a coal train pulling approx. twice the amount of cars than what's normal (about 200), a couple of weeks ago. That train must have crawled through the mountains at a snails pace, to get on the west side. It's a slow crawl over those mountains with a normal load..

    Susan

  • "...Whether U.S. ethane exports shift from being a small, localized activity to a major market with volumes totaling hundreds of thousands of barrels per day remains to be seen. The four barriers that we have identified, (1) loading and unloading terminal infrastructure, (2) shipping, (3) pricing, and (4) petrochemical demand must all be overcome to make significant ethane exports happen.

    Two issues are clear.

    1. Somebody will be spending billions to put the logistical and petrochemical cracker infrastructure in place to transport and use the ethane.

    2. Somebody will be taking on the risk that significant ethane exports could push U.S. ethane prices back to the level of a couple of years ago.

    Here is our best guess as to how this all plays out. Over the next 5-6 years, ethane exports will grow to somewhere in the 150-200 Mb/d range, with 4 or 5 crackers shifting some of their capacity to run ethane. Even combined with new ethane crackers being built in the U.S. after 2016, that won’t be enough to absorb all of the ethane that U.S. producers can make, so rejection will remain a part of the ethane landscape for the long run. That means that the economics of exporting ethane will work out to be a good deal for both U.S. producers and international petrochemical companies that get on the bandwagon."

  • moneyonomics moneyonomics Apr 10, 2014 10:44 AM Flag

    disabled $1.47 is their end of year distribution target and they are at 1.44 so only a .03 increase over 4 quarters. would be very surprised to see half of the year or .015 increase in one quarter

  • Reply to

    heading south

    by rjraecek Apr 9, 2014 2:00 PM
    moneyonomics moneyonomics Apr 9, 2014 3:35 PM Flag

    rj why do you think it is heading south?

  • Companies: Denver-Julesburg Basin could produce 4.1B barrels of oil, NGLs
    Colorado's Denver-Julesburg Basin could yield at least 4.1 billion barrels of crude and natural gas liquids, according to estimates from Anadarko Petroleum and Noble Energy. The companies said this figure could still increase.

    Article web address posted on investorvillage mlp and bry boards

  • Reply to

    13 T on Turbo Tax

    by disabledretiree Mar 9, 2014 7:16 PM
    moneyonomics moneyonomics Apr 9, 2014 12:48 AM Flag

    Usually the only value under 13t that gets you a tax benefit is W-2 wages

  • Reply to

    Tax Question

    by eusdond Apr 8, 2014 4:03 PM
    moneyonomics moneyonomics Apr 8, 2014 6:22 PM Flag

    same question asked on investorviallge mlp board today by Dalian but I have not

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