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 37294 of 37296 at 4/14/2014 9:40:47 PM from in mlp board by
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.
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....
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.
.01 would be fine also
...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....
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
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....
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.
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
hi eb. there are no other E&P mlps in immediate danger that I can see.
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.
slide 25-looking from the producers side
and consols/cnx upside alone is another 50% after 2016-of which some is dry gas but mwe should be positioned to get a share
Msg 37729 of 37735 at 4/28/2014 8:48:05 AM from iv mlp by
Williams Suspends Investment in Bluegrass NGL Pipeline Due to Insufficient Customer Commitments
Company Focusing Capital on Other Projects in Its Large, Diverse Portfolio of Growth Opportunities
Williams has suspended capital investments in the Bluegrass Pipeline, a proposed natural-gas-liquids project, primarily in response to an insufficient level of firm customer commitments. The company continues to engage in discussions with potential customers regarding the scale and timing of demand for services and the required firm contractual commitments that would support any future capital investments.
The project, in which Williams is a joint-venture partner, is designed to connect natural gas liquids produced in the Marcellus-Utica areas in the U.S. Northeast with domestic and export markets in the U.S. Gulf Coast. The Bluegrass Pipeline represents a strong long-term solution in the marketplace.
Williams has a large, diverse portfolio of attractive risk-return growth opportunities. It continues to exercise capital discipline as it pursues projects that garner solid market support, strengthen its cash-flow growth and deliver advantaged connections between large supply areas and growing demand centers.
coochy why do you think their benefactor took their assets/drop-downs elsewhere? structure was inherently wrong for a company the size of eroc after the cash cow was lost. they did not have enough capital (nor access to reasonably priced capital) to fund both upstream and midstream sufficiently after selling off mineral interest cash flow cow and the upstream now does not contain sufficient traditional mlp E&P type assets nor traditional mlp undeveloped properties to prosper without sever dilution (increasing units/incurring high interest rate debt). also undeveloped shale acreage cannot be sold right now for a reasonable price so no good cash flow there. they must partner with some one in some fashion going forward say with piks or something similar by promising the farm as collateral unless they severely dilute and/or continue to defer distributions or cut them again severely if they restart.. what a mess
Msg 138397 of 138415 at 4/29/2014 6:26:13 AM iv bry board by
RRC Super Well .
RRC reported a well last night in the Southern Marcellus which IP'd at 13 MMCF , 1356 condensate , 2781 NGLS !
Or the equivalent of over 6,000 BOE a day . WOW !
PS. RRC has had a nice run lately , I don't own it [ wish I had } .
actual results-Marcellus super-rich well tested at 24-hour rate of 6,357 boe per day, or 38.1 Mmcfe per day (65% liquids), with a 7,065 foot lateral and 36 frac stages. This is the highest rate Marcellus well in the southwest portion of the play drilled to date by any operator