“MLPs provide the critical backbone to the energy infrastructure industry,” Lori Ziebart, executive director of the Master Limited Partnership Association, told Hart Energy at the 2018 Midstream Finance Conference in Dallas.
“People fly on planes, they drive their cars … they don’t think about where that energy’s coming from,” she said. “They just take it for granted that it will be there and it will be cheap. (MLPs) are the silent companies that are critical so that Americans can live the kind of lifestyles that they want to live. Without them, they wouldn’t be able to.”
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Schlumberger has spent billions of dollars to take over managing customers' oil fields, in some cases becoming an investor in the fields, while seeking to profit from increased oil production.