trending Market Intelligence /marketintelligence/en/news-insights/trending/Fm3RapBYLMvP_nsKiUJraA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Enterprise sees additional Permian projects on horizon

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


Enterprise sees additional Permian projects on horizon

As Enterprise Products Partners LP weighs a joint venture for its Shin Oak natural gas liquids pipeline from the Permian to its Mont Belvieu, Texas, fractionation and storage complex, the partnership is also looking at new opportunities that take advantage of booming production in the Delaware Basin.

"We're not through in the Delaware Basin, and you'll see more plant announcements," A. James Teague, CEO of Enterprise's general partner, said on a second-quarter earnings call. "The most reliable supply you can have for a pipeline or a fractionater is supply that comes out of your own plants."

Enterprise in April announced plans to build the 571-mile Shin Oak NGL pipeline with a designed initial capacity of 250,000 barrels per day, expandable to 600,000 bbl/d. Company President Randy Fowler in a June 26 presentation at the J.P. Morgan Energy Equity Investor Conference in New York City said Enterprise would consider a joint venture to expand the project.

"We're going to build this dadgum pipeline, and it's going to be pretty strategic for us," Teague said on the Aug. 3 call. "Our competitive advantage is not Shin Oak in and of itself. Our competitive advantage is the total system, and we're not afraid of it at all."

Despite low oil prices, Teague said the company expects production in the Permian and the Haynesville to grow as drillers add rigs. Though output in the Eagle Ford has dropped off, Teague said he thinks the South Texas play "has turned a corner."

Enterprise is also considering a new natural gas pipeline from the Permian to the Gulf Coast, though executives did not give any details on the potential project.

"We've had a number of folks come to us about the potential of a joint venture. We're listening," Enterprise Executive Vice President Bill Ordemann said. "It's tough to make money on those gas pipes. ... We think there's going to be a need for a pipe, and the question is who's going to pull it together. ... I don't think we're ready to take any victory laps at this time."

Earlier in the day, Enterprise reported $653.7 million, or 30 cents per unit, in second-quarter net income attributable to limited partners, an increase from $558.5 million, or 27 cents per unit, in the corresponding quarter last year. The S&P Capital IQ consensus normalized EPS estimate for the second quarter was 33 cents.