“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.”
The announcement comes one day after Pioneer Natural Resources Co. completed its transformation into a pure-play Permian Basin company with the sale of its remaining South Texas assets for up to $475 million.
Shale pioneer Floyd Wilson is going after the brass ring again with his ninth company, Falconer Oil & Gas. He’s still wildcatting, just in a modern way.
From a humble start in E&P, Greg Armstrong went on to found and lead one of the largest players in the midstream sector, Plains All American Pipeline, until his recent retirement. In an exclusive fireside chat, Armstrong shares his insights on the past, present—and promising future—of the Permian and other plays, as well as the business philosophy he credits for his success.