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Northeast in Need For Gas. Lacking Pipeline Investment
05/29/2017
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Power generators and distributors in New York and New England are chomping at the bit for more natural gas, not just volumes but new and expanded delivery lines. They are also frustrated by the political, structural, and economic impediments to increased transmission infrastructure.
Much of the blame for lack of gas supply is laid at the feet of the state authorities to put new pipelines in New York state.
The challenges of getting gas into the region goes beyond alleged intransigence in Albany, but New York state’s geography is stark: gas in pipelines from the Marcellus, the Utica, indeed from anywhere else in the U.S., goes through New York state to get to New England.
Even if New England gets behind new infrastructure, we’ve got New York that says ‘hell no,’ warned van Welie at Daymark. It is a very complicated problem especially as on-call capacity is being shut. I wish that the Federal Energy Regulatory Commission could be given the same jurisdiction over pipelines as it has over electrical transmission systems. That would be the way to address the need for pipeline infrastructure.
Source: oilandgasinvestor.com
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Northeast Pipeline Expansion Pre-Filing Application Withdrawn
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The expansion would have added about 1 billion cubic feet per day (Bcf/d) of capacity to the pipeline, which has capacity of about 3.1 Bcf/d.
Kingston Midstream Secures Deal to Acquire Clearwater Assets from Rangeland Midstream Canada
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Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/187Blog_ONEOK Completes Acquisition of Magellan Midstream.png)
The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/186Blog_Viper Energy Secures $1 Billion in Permian.png)
Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.