Q&A: Significant Midstream Consolidation on the Way

New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.

Trent Bridges brings years of oil and gas law experience to his new role as partner with Sidley Austin. (Source: Hart Energy; Sidley Austin; LuckyStep, Alhovik/Shutterstock.com)

Trent Bridges brings years of oil and gas law experience to his new role as partner with Sidley Austin. (Source: Hart Energy; Sidley Austin; LuckyStep, Alhovik/Shutterstock.com)

Trent Bridges returned to the realm of law firms in September when he joined Sidley Austin’s energy and infrastructure practice as a partner in the Houston office. Bridges had spent the previous nine years in various legal roles for Magellan Midstream Partners LP, most recently as vice president and assistant general counsel.

One month into his new role, Bridges shared his thoughts on the midstream sector.

The oil and gas industry is facing a future in which fossil fuels seem destined to occupy a smaller share of the energy mix, but will still play a critical role. What should companies consider as they develop their medium- and long-term strategies? 

While the oil and gas industry is certainly facing challenging regulatory and alternative energy headwinds, demand for the industry’s products isn’t going away any time soon and such products will continue to be the most fundamental and reliable energy sources for the time being.

That said, the headwinds the industry faces aren’t going to subside either, and it’ll be key for oil and gas companies to include to some extent in their strategic outlook how to best address and balance their legacy oil and gas business with investments in alternative energy and carbon reduction projects.

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Joseph Markman

Joseph Markman, senior editor for Hart Energy, covers midstream, markets and policy/regulations.