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Enbridge to sell US NGL, other segments; Apache, Noble anchor oil pipe


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Enbridge to sell US NGL, other segments; Apache, Noble anchor oil pipe

Enbridge to sell US midstream gas, NGL business for $1.12B to investment firm

The Canadian energy giant Enbridge Inc. agreed to sell its U.S. midstream natural gas and liquids business for US$1.12 billion to a private investment firm as part of the company's shift toward "a pure regulated pipeline and utility model."

Apache, Noble Energy sign as main shippers on Permian-to-Corpus Christi oil pipe

Oil and gas drillers Apache Corp. and Noble Energy Inc. have agreed to anchor Epic Midstream Holdings LP's 730-mile crude oil pipeline running from the Permian Basin to Corpus Christi, Texas. The pipeline, which will run alongside Epic's NGL pipeline, will service the Delaware Basin, Midland Basin and Eagle Ford Shale.

Apache affiliate to develop $100M NGL header system in Texas

Apache Corp. unit Apache Midstream signed an option to acquire a 50% stake in SCM Alpine LLC, a $100 million, 445,000-barrel-per-day NGL header system in Texas being developed by ARM Energy Holdings LLC affiliate Salt Creek Midstream LLC. Construction on the project has commenced and it is scheduled to start operations in the first quarter of 2019.

Keyera CEO dissects winter rail crunch for NGL output, looks to avoid repeats

Keyera Corp.'s burgeoning NGL business was squeezed by competition for rail service in the past two quarters after a pipeline outage sent oil producers scrambling for alternate transportation. The Calgary, Alberta-based company's expanded fractionation plants and pipeline network ran at full speed in the first quarter, and sales of propane and other products boosted profits, company executives said on their first-quarter earnings call. But the rail curtailments in the region "affected both our propane and iso-octane shipments" in late 2017 and the first months of 2018, President and CEO David Smith said.

Inter Pipeline looks to NGLs for growth amid decline in oil sands projects

Inter Pipeline Ltd. is betting on its NGL processing business to provide growth as a slowdown in Canada's oil sands dampens prospects for increasing crude transportation. The company bumped its spending expectation by C$50 million to C$700 million for the year at its under-construction Heartland petrochemical complex. Inter Pipeline expects to announce a deal in the coming months for a contract to sell Heartland's central utility block, which would supply power and steam to its plant and potentially others nearby in the central Alberta processing hub.

Private midstream company to add gathering, processing capacity in DJ Basin

A Denver, Colorado-based private midstream company plans to expand the processing capacity and related natural gas gathering infrastructure in the DJ Basin. Sterling Energy Investments LLC said in a May 8 release that it will be expanding the capacity of its Centennial System to up to 220 MMcf/d in the northeastern portion of the DJ Basin to accommodate producer demand.