symbols “ENLK” and “ENLC”, respectively.
I think they will make every attempt to keep coverage as close to 1.0 as possible and $.005 to. $01 per quarter will do that. I do not think they will give no increase
Msg 35154 of 35157 at 1/14/2014 7:56:35 AM by
The latest chances for Shell’s groundbreaking ethane cracker in Appalachia The latest chances for Shell’s groundbreaking ethane cracker in Appalachia
By Rick Stouffer | January 14, 2014 12:01 AM Comments (0)
Shell Chemicals for nearly two years has said its final decision to construct a $4 billion ethane cracker near Pittsburgh wouldn’t come quickly.
Too much due diligence to perform, too much feedstock ethane to lock up in contracts, too many customers to sign for the ethylene the cracker produced.
And now, perhaps too much competition to make the region’s largest construction project in decades viable.
All the ethane production from the Appalachian Basin could be swallowed easily by the seven pipelines either operating, soon-to-flow or in various development/construction phases, consultants and analysts have said.
The total capacity of the seven proposed lines is 455,000 b/d, even before enhancements already announced. The Shell cracker is projected to consume 80,000-90,000 b/d of ethane.
Bentek Energy, a division of Platts, estimates ethane production to grow just to 310,000 b/d by 2019. “Shell certainly faces competition from pipeline projects,” Bentek’s Marissa Anderson said.
Competition, yes, but not annihilation, experts tell Platts.
There were 69 IPOs in registration overall as of 12/31/13
• 9 energy companies publicly in registration on 12/31/13
• Cypress Energy Partners (now on road)
• Devon Midstream Partners
• Enable Midstream Partners
• EP Energy (now on road)
• Noble Spinco
• North Atlantic Drilling
• Rice Energy
• RSP Permian (now on road)
• Sundance Energy Australia
Msg 35147 of 35147 at 1/13/2014 5:39:09 PM from mlp iv board by
L&W: Energy Capital Markets Year in Review
Last week Latham&Watkins had a webcast on Energy Capital Markets. Here are the slides from that webcast, MLP content starting at page 20:
Nosweat if I ate crow for every time I missed a guesstimate I would eat it fairly often. Thanks for all the time you spend here providing quality information
i would suggest the facts that:
-the reduction was so large 36%
-they stated outlook only for 2014
-non coal assets cannot be turned around to generate revenue faster than current trend
-the sponsor did not step up as in original note
-point in original note about accelerating rate of change of deferred revenue and most recent coverage was under 1 before change in deferred revenue
all are waring that deeper trouble could be ahead in 2015 if coal volumes/prices do not materially turn around and/or they start selling assets.
feel off the fence
ExxonMobil site uses crude oil to produce petrochemicals
ExxonMobil has started production at a Singapore facility that directly converts crude oil into petrochemicals without a refining process. "The cracker we've built is by far the most feed-flexible cracker we've ever built. It can crack anything from light gases to heavy liquids, including crude oil," said Stephen Pryor, president of ExxonMobil Chemical.
go to bry in board tro read article
will have to go to investorvillage mlp board to access (it is free to read) at Msg 35065 of 35065 at 1/8/2014 5:23:05 PM by mdc7
The following message was updated on 1/8/2014 5:25:26 PM.
2014 Global Energy Outlook
MLPs discussed on pages 74-80.
Msg 35064 of 35065 at 1/8/2014 3:40:20 PM from investorvillage mlp board by
"WSJ: The Future of Coal: Despite Gas Boom, Coal Isn't Dead
Production Is Booming in Western U.S. to Feed Power Plants at Home and Abroad
Last year was a tough one for the coal industry....
...But coal isn't going away.
Coal remains the biggest source of fuel for generating electricity in the U.S. and coal exports are growing fast. Even as coal production plunges in the green hills of Appalachia, it is booming in the open-pit mines of Wyoming and under the plains of Illinois and Indiana.
Overall, U.S. coal production is projected to remain relatively constant over the next three decades, according to the U.S. Energy Information Administration.
"Coal's future is strong; it's just not a growth story" in the U.S., says Consol President Nick DeIuliis.
Demand is being stoked by the rise of power-hungry middle classes in emerging economies, led by China and India. By the end of this decade, coal is expected to surpass oil as the world's dominant fuel source, according to a recent study by consultant Wood Mackenzie.
Two-thirds of coal's growth will be driven by demand for electricity in China, the firm says. "China's demand for coal will almost single-handedly propel the growth of coal," William Durbin, Wood Mackenzie's head of global markets, said in a recent speech.
In the U.S., coal is consolidating. Two counties in Wyoming account for 40% of U.S. coal production....One reason that coal won't disappear soon is that regulators are reluctant to let utilities become too dependent on natural gas, fearing that a sudden price jump could send electricity prices soaring. Also, utilities have billions of dollars invested in plants that haven't been paid off. It often makes sense to let plants keep running until their debts are cleared; otherwise, utility customers wind up paying for unproductive assets."
Msg 35063 of 35065 at 1/8/2014 3:38:02 PM from investorvillage mlp board by
Removal of Sulfur Dioxide From Power Plants Puts Illinois Basin Mines Back in Play
The unexpected comeback story in the U.S. coal industry is the Illinois Basin.
The area had been one of the four major U.S. coal basins—along with Wyoming and Northern and Central Appalachia—but became less popular with the passage of the Clean Air Act in 1970. Illinois coal contains high amounts of sulfur, which contributes to acid rain.
Now the spread of scrubbing technology, which can remove 97% of a coal-fired power plant's sulfur dioxide, has put Illinois coal back in play.
As power plants installed scrubbers, coal companies reopened mines over the last decade. The state of Illinois was expected to produce 56 million tons of coal last year, up 70% from 2010, according to the Energy Information Administration.
• The President’s National Export Initiative should place greater public emphasis on the
role coal exports are playing to help reach the White House’s goal of doubling U.S.
• Federal regulatory agencies should not require climate change studies in the course of
their permitting processes for proposed facilities. Coal will be consumed around the
world regardless of U.S. trade policy. The only question is whether the coal is produced
here in North America, where environmental standards are high, or elsewhere.
• Multilateral development banks, such as the World Bank, should reverse efforts to ban
financial support for coal projects overseas...."
go to investorvillage MLP board to read posting by lizahuang Msg 35046 of 35061
These are uncertain times for the traditional backbone of U.S. energy supply. Although coal is
projected to remain the top source of electricity for the next two decades, it faces competition
from other energy sources and a regulatory onslaught that will make the construction of new
plants an extremely difficult endeavor.5 Nonetheless, trade remains a bright spot for the coal
industry. In fact, the U.S. has long been an active exporter in this area, shipping coal from the
Rockies, Alaska, and the Appalachians far and wide. Net exports of coal, in fact, are at their
highest level on record and, as a share of production, at their highest level in 30 years.6...Exports of coal are presently free from burdensome regulations and should remain so. More
than 85 percent of coal exports flow out from the Gulf of Mexico and the East Coast, through
ports such as Norfolk, Mobile, New Orleans, and Baltimore.7 “Because coal is generally not
exported via a special facility designed to transport the commodity,” according to the
Congressional Research Service, “there are no special facility permitting requirements
applicable to coal exports, but facilities through which coal (or any fossil fuel) may be exported
must satisfy these generic federal requirements.”8
More than half of U.S. coal exports are shipped to customers in Europe, and much of the
remainder stays within the Americas. Some industry interests have proposed building special
purpose terminals on the West Coast to better serve developing Asian markets. These projects
have drawn heavy opposition. Opponents of hydrocarbon fuels have seized this opportunity to
pressure federal agencies (e.g., the Environmental Protection Agency and the Army Corps of
Engineers) to include greater emphasis on carbon emissions when issuing their rulemakings,
even if these emissions would arise from consumption of U.S. coal in other countries.
great and well thoughtout point b&w on drips-could eventually nullify one month of lost distributions so heavily debated in this thread if held long enough
your sarcasm does not make you right. the coal stocks you mentioned are not all of the coal stocks. by including nrp you opened up the mlp coal units and arlp (and ahgp) and oxf were up today along with nrp along with your Chinese coal stock of yzc
REBECCA SMITH And
JOHN W. MILLER
Updated Jan. 7, 2014 2:51 p.m. ET
":....American Electric Power Co. needs to spend $3.5 billion to $4 billion to satisfy the mercury rule, says Nick Akins, chief executive of the 11-state utility. But, he says, "We've gotten past a large amount of the environmental spend."
The EPA also is turning its attention to greenhouse gases like carbon dioxide. Last year the agency proposed a standard that would make it impossible to build conventional coal-burning power plants. The agency is expected to propose a rule covering existing plants next year and put a final greenhouse-gas rule in place after 2020.
Efforts to stop CO2 emissions after coal has been burned have been stymied by the difficulty of running complicated gas-separation equipment. In tests, such equipment used up significant amounts of power, cutting electricity output. Scientists are trying to cut the amount of energy required for this process by half.
Another focus has been to try to clean coal before combustion by turning it into a flammable gas and stripping out pollutants. Atlanta-based utility Southern Co. has nearly completed construction of a power plant that converts coal to gas and that will capture 65% of the CO2 produced.
But Southern expects the plant, in Kemper County, Miss., to cost $5.24 billion, making it among the costliest fossil-fuel projects ever built in the U.S. That price tag is discouraging other U.S. utilities from building clean coal plants.
Even so, countries such as China, Pakistan, Indonesia and Australia—which have lots of coal but not lots of natural gas—are interested in Southern's technology, says Chief Executive Tom Fanning. He says he remains optimistic that technology will ultimately do good things for coal."
Msg 128887 of 128892 at 1/7/2014 3:10:14 PM from investorvillage bry board by
Short-Term Energy Outlook
January 7, 2014 Release
· This edition of the Short‐Term Energy Outlook is the first to include forecasts for 2015......
... Coal production, which fell by almost 9% between 2011 and 2013, is expected to increase by 36 million short tons (MMst) (3.6%) in 2014 as higher natural gas prices favor the dispatch of coal-fired power plants and the drawdown of coal inventory ends. In 2015, however, forecast coal-fired production falls by 2.5% with declining coal use in the electric power sector as retirements of coal-fired power plants rise due to the implementation of the U.S. Environmental Protection Agency’sMercury and Air Toxics Standards.