midstream

KNIFLEY, Ky. (AP) — An underground transmission pipeline carrying natural gas exploded early Thursday in southern Kentucky, sending two people to the hospital, destroying two homes and alarming residents who saw flames from miles away.

Pennant Midstream’s Hickory Bend cryogenic gas processing plant recently began operation.

Tonight I’d like to cover several topics important to all of us. Projections for increased production of natural gas and crude oil, transportation of said commodities to the marketplace, climate change and politics.

President Obama placed far less emphasis on energy policy Tuesday night than he had in any of his four previous State of the Union speeches, offering neither any surprises nor any comment on the Keystone XL Pipeline.

Energy Transfer Technologies (ETT) announced that 30,000 horsepower of Dual Drive CA Series natural gas compression has been installed at two natural gas processing plants in Texas, bringing the total amount of Dual Drive compression installed in 2013 to more than 89,000 horsepower.

Azure Midstream Holdings LLC has completed its acquisition from EXCO Resources Inc. and BG Group plc of 100% of the equity interest in TGGT Holdings LLC for $910 million. In a related transaction, the East Texas Gathering (ETG) System, an asset managed by Tenaska Capital, is being contributed for an additional ownership interest.

The energy consulting business is going great guns these days and little wonder, with the shale revolution continuing to change the way oil and natural gas are viewed and used in North America, and eventually the rest of the world.

Xpress Natural Gas announced plans to partner with Hess Energy Marketing (HEM), which was recently acquired by Direct Energy Business (DEB), to deliver compressed natural gas (CNG) to off-pipeline industrial and commercial businesses and institutions in New York state.

Recent gains in U.S. oil and gas production – along with the need for infrastructure to move it – has “breathed new life” into the midstream sector, which has tripled in value since 2005, according to energy analysts at Deloitte.

A real estate investment trust (REIT) owns income-producing real estate and offers shares to investors — it allows people to buy an interest in many different individual properties in the same way a mutual fund sells shares composed of many different companies. Often REITs focus on familiar categories like shopping malls, hospitals or mortgaged homes. But pipelines also qualify as real estate for the purposes of a REIT, and one new trust is now interested in buying a selection of them as investments.

Syndicate content