CenterPoint Energy and Vectren complete merger
February 1, 2019
CenterPoint Energy and Vectren complete merger
Rig Count Slides
February 1, 2019
New Mexico could overtake Oklahoma as No. 2 Drilling activity resumed its fall this week, more than wiping out the increase seen last week according to Baker Hughes. A net 14 rigs shut down in the week, leaving 1,045 rigs operational. Thirteen land-based rigs came offline, while one offshore rig stopped drilling and inland waters activity stayed flat. The rise
NGL Energy Partners LP Announces Timing of Fiscal 2019 Third Quarter Earnings Release and Conference Call
February 1, 2019
NGL Energy Partners LP Announces Timing of Fiscal 2019 Third Quarter Earnings Release and Conference Call
Private Capital: Blackstone Jumps Into Midstream in Deal With Tallgrass
February 1, 2019
Will replace Tallgrass’s current partners Kelso and EMG Private capital continues to surge into the midstream space, as Blackstone (stock ticker: BX) announced it will acquire a significant share of Tallgrass Energy (stock ticker: TGE). Blackstone Infrastructure Partners will acquire a 44% interest in Tallgrass and a 100% interest in Tallgrass’s general partner for $3.3 billion in cash. Blackstone reports
Three Titans Tick Off $57 Billion in Profits
February 1, 2019
Sizeable profits: ExxonMobil adds $20.8 billion, Chevron $14.8 billion, Shell $21.4 billion Royal Dutch Shell (stock ticker: RDSA, $RDSA), ExxonMobil (stock ticker: XOM, $XOM) and Chevron (stock ticker: CVX, $CVX) have all reported 2018 earnings during the previous 24 hours. Shell earns $21.4 billion profit for the year Royal Dutch Shell started things off, reporting unaudited results yesterday, including full
Weatherford Announces Closing Of Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025
February 1, 2019
Weatherford Announces Closing Of Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025
NextEra Energy and NextEra Energy Partners to meet with investors through February
February 1, 2019
NextEra Energy and NextEra Energy Partners to meet with investors through February
PG&E Receives Court Approval of “First Day” Motions to Support Normal Business Operations
February 1, 2019
PG&E Receives Court Approval of “First Day” Motions to Support Normal Business Operations
3M Completes Acquisition of M*Modal’s Technology Business
February 1, 2019
3M Completes Acquisition of M*Modal’s Technology Business
Enterprise Products Partners Sets 23 Records
February 1, 2019
Enterprise Products Partners (stock ticker: EPD, $EPD) has just completed a record-setting tear, based on its 2018 results. Jim Teague, chief executive officer of Enterprise’s general partner, put it like this: “Total gross operating margin for 2018 increased 29 percent to a record $7.3 billion compared to $5.7 billion in 2017.” According to Teague, the partnership established 23 operational and
The American Oil Paradox: Too Much Good Crude, Not Enough Bad
February 1, 2019
From Bloomberg The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. Texas and other shale-rich states are spewing a gusher of high-quality crude — light-sweet in the industry parlance — feeding a growing
Michigan Gas Outage Could Bolster Trump’s Bid to Save Coal Plants
February 1, 2019
From Bloomberg A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump’s effort to keep coal plants operating possibly by invoking national security powers. The episode began Wednesday when a fire at a compressor station cut off the flow of natural gas from the facility. That prompted Michigan Governor Gretchen Whitmer
