Williams, Canadian pension board to form $3.8B Marcellus-Utica JV
Williams Cos. Inc. and the Canada Pension Plan Investment Board struck a deal to form a joint venture worth $3.8 billion in the Marcellus and Utica shales. The agreement encompasses William's fully owned Ohio Valley Midstream system and the Utica East Ohio Midstream system. In conjunction with the joint venture agreement, Williams closed its purchase of a 38% stake it did not already own in the Utica East Ohio Midstream system, which processes and fractionates natural gas and NGLs in the Utica, from Momentum Midstream LLC, according to a March 18 news release.
Pennsylvania begins probe into Mariner East on alleged criminal misconduct
The Pennsylvania attorney general's office and the district attorney of Delaware County, Pa., opened a joint criminal investigation into Energy Transfer LP subsidiary Sunoco Pipeline LP's Mariner East family of NGL pipelines on allegations of criminal misconduct during construction, adding to the string of legal and regulatory actions against Energy Transfer over the expansion of its pipeline system. Attorney General Josh Shapiro on March 12 announced his office's probe into the 345,000-barrel-per-day Mariner East 2 NGL pipeline on Twitter, noting that the case was referred by Delaware County District Attorney Katayoun Copeland.
Not fearing overbuild, Enterprise CEO touts diverse energy export capacity
Enterprise Products Partners LP is counting on U.S. energy exports to anchor its growth plans and does not expect competition in the Gulf Coast to water down the world's interest in what the partnership has to offer. When it comes to processing NGLs, Enterprise CEO Jim Teague said he is not particularly concerned about a potential fractionation capacity overbuild on the Gulf Coast.
Bakken gas production hit record high in January; flared gas decreased
For the second month in a row, oil and gas operators in North Dakota's Bakken Shale managed to grow natural gas production while lowering the volume of gas flared. Bakken production posted a new record high of 2.72 Bcf/d in January, according to data released March 15 by the North Dakota Industrial Commission.
Report: Fire at Texas petrochemicals plant spreads to 8 tanks
A Deer Park, Texas, petrochemicals plant, operated by Intercontinental Terminals Co. LLC, was still on fire early March 18, the Houston Chronicle reported. The fire, which began March 17, burned overnight and has spread to eight tanks.