midstream

Increased natural gas utilization, and to a lesser extent oil development, is being hampered by a lack of market liquidity and spot pricing for the commodities both domestically and abroad. Roadblocks include insufficient pipeline connectivity in North America and into Europe, a dramatic lack of international energy infrastructure in Asia, and the regulatory and environmental delays that prevent the necessary investments from going forward.

Devon Energy Corp.’s board approved a plan to form a publicly traded midstream master limited partnership (MLP).

In 2004, the Gas Research Institute (GRI) natural gas measurement research program funding mechanism based on transmission pipeline throughput expired. That program provided substantial support, on the order of $40 million over 20 years, for advancing transmission measurement practice. However, the end of this funding mechanism did not spell the end of the industry’s investment progress in gas measurement research.

The history of oil well drilling goes back to 1859 to a farm in northwestern Pennsylvania. The farm was located in Titusville, near Erie. Edwin Drake and George Bissell cooperated to drill the world’s first oil well. While Drake is usually the one credited with drilling the first well, he did not have a good head for business and spent much of his life in poverty. Bissell, by contrast, became quite wealthy and outlived Drake by four years.

SemGroup Corp. has a definitive agreement to acquire the equity interests of Mid-America Midstream Gas Services LLC, a wholly owned subsidiary of Chesapeake Energy Corp., the owner of gas gathering and processing assets in the Mississippi Lime play, for $300 million.

Crestwood Midstream Partners LP, Crestwood Holdings LLC and Inergy LP, Inergy Midstream LP have signed definitive agreements to create a fully integrated midstream partnership valued at $7 billion.

Koch Pipeline Company, L.P. has announced that it will conduct Phase I of an open season for the Dakota Express Pipeline, a proposed pipeline to transport Bakken crude oil from western North Dakota to Hartford, IL and Patoka, IL.

A hundred years encompasses a lot of history; if you’re talking about the energy industry and pipeline infrastructure, then you’re really including almost the entire history of the business.

Sheehan Pipe Line Construction Co. (SPLCC), started in 1903, is the oldest pipeline construction company in the U.S. and is celebrating 110 years in business in 2013. The Tulsa, OK-based company has designed a new logo to commemorate the anniversary and will be creating collector items and memorabilia to celebrate their success.

While the federal Energy Information Administration (EIA) may have first logged shale gas development and production as far back as the mid-1990s, it has only been in recent years that shale plays have become universally recognized as a game-changer for the energy industry.

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