In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.
U.S. President Donald Trump issued a new presidential permit for the base Keystone XL pipeline, allowing TC Energy to boost oil capacity by 170,000 bbl/d to 761,000 bbl/d.
Company expects higher demand for storage to cushion the impact this year.
Joining East Daley from Baird where he was most recently worked as a senior equity analyst covering energy infrastructure, Ethan Bellamy brings over 15 years of experience in midstream equity research.
Tellurian’s Meg Gentle anticipates rising demand coinciding with slower production growth.
Following the completion of the transaction, CNX expects to become the lowest-cost producer in the Appalachian Basin, CFO Don W. Rush says.
In June, Thai oil and gas company PTT Pcl said it delayed making a final investment decision to build the ethane cracker, which analysts estimate will cost $5.7 billion.
Montage Resources entered into a non-binding letter of intent with an international third-party for the sale of its existing noncore Ohio Utica wellhead gas and liquids gathering infrastructure.