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Plains All American Pipeline (PAA) expects its Transportation segment’s 2017 adjusted EBITDA to increase ~$174 million, or 15%, over 2016.
Denver’s DCP Midstream LP, the biggest processor of natural gas in the country, is teaming up with Kinder Morgan Inc., one of the largest energy infrastructure companies in North America, to build a 430-mile pipeline in Texas. The 42-inch pipeline, dubbed the Gulf Coast Express Pipeline Project, will run from West Texas’s booming Permian Basin area to the Corpus Christi region, specifically Agua Dulche, Texas. The project is designed to transport up to 1.7 billion cubic feet per day of natural gas, according to the partnership announcement.
DCP Midstream LP (DCP), the midstream MLP jointly owned by Spectra Energy (SE) and Phillips 66 (PSX), had a strong start to 2017. DCP, which gained 55.5% during 2016, has risen 4.3% since the beginning ...