EnCap Flatrock to invest $200M in midstream projects
San Antonio-based EnCap Flatrock Midstream, a series of private equity funds, plans to invest $200 million in a Dallas-based company that will develop midstream projects in North America. More »
Inergy to buy gas processor Crestwood for $1.25 billion
Inergy Midstream LP, the pipeline partnership that began trading publicly 18 months ago, agreed to buy Crestwood Midstream Partners LP for $1.25 billion in stock and cash, adding natural gas processing capabilities as it seeks to capitalize on rising U.S. output of the fuel. More »
Shale boom skews oil prices, triggers midstream growth
The steady growth in oil production from U.S. shale fields has triggered midstream development and offers advantages for refiners that can use cheaper domestic crude oil. More »
Kinder Morgan quarterly earnings more than triple
The Houston-based pipeline giant reported profits of $792 million for first quarter, up from $208 million for the same period last year. More »
Plains All American announces new Permian Basin pipeline
Plains All American Pipeline said Monday it will build a 310-mile, 20-inch pipeline to move crude oil across West Texas. More »
Phillips 66 announces plans for new Gulf Coast facility
Phillips 66 says it will build a 100,000 barrel-per-day natural gas liquids fractionator in Old Ocean, near the company’s refinery in Sweeny. More »
Anadarko’s plant nears completion
The Anadarko plant is part of a wave of midstream development in the region – the system of gathering facilities, pipelines and processing plants that carries oil and gas to market. More »
Phillips 66 signs deals to use more U.S. shale crude
Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries. More »
Rangeland plans crude oil terminal in New Mexico
Rangeland Energy has agreed to purchase up to 770 acres in Southeast New Mexico for a large terminal facility to handle crude oil, sand, pipe and other products. More »
Kinder Morgan reports rise in fourth-quarter profits
Kinder Morgan Energy Partners reported Wednesday that fourth-quarter profits were up sharply as the company expands to meet the transportation needs of the country’s growing energy production operations. More »
Rangeland secures $200M for shale projects
Two months after selling the crude oil distribution hub it built in North Dakota’s Bakken Shale, a Sugar Land company has secured a $200 million financing commitment to start work on midstream developments in West Texas and other North American shale plays. More »
Oil and gas pipeline demand to surge through 2016
Demand for oil and natural gas infrastructure will rise by more than 6 percent each year through 2016, as drilling proliferates across new U.S. regions, according to researchers at The Freedonia Group. More »
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