Oil Hub Hubbub: Is Houston the New Cushing?

Energy observers have been quick to question Cushing’s relevance, given growing Permian production that largely bypasses Cushing, increasing export volumes, and new Houston crude contracts. Is Houston the new Cushing? We probably wouldn’t go that far, but both hubs play an important role.

Crude Spreads Here, There, and Everywhere – What it Means for Midstream

With widened crude spreads across North America, it’s easy to make a case for the need for more pipeline infrastructure. But if crude spreads narrow in places like the Permian as pipelines start up,...

Colorado’s Proposition 112: What is it, and Why do Midstream Investors Care?

Colorado’s Proposition 112 represents yet another manifestation of headline risk that has weighed on the midstream space this year. Today, we discuss Proposition 112 and the potential implications for...

Revisiting MLP Performance as Interest Rates Rise

With the 10-year Treasury yield recently touching multi-year highs, it seems like an opportune time to revisit MLP performance as rates rise. We look at how MLPs have performed in rising rate...

Midstream 3Q18 Preview: Key Topics for Earnings Calls

With energy and midstream earnings season around the corner, we look at key themes that will likely be topics of interest on 3Q18 calls for the midstream space.

Midstream vs. Upstream: A Tale of Two Market Reactions to Rising Capex

In the wake of the oil downturn, capital discipline has come into focus for MLPs and E&Ps. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with their 2Q18...

Escalating Ethane Prices and the Implications for MLPs and Midstream

What’s caused ethane prices to gain more than 60% in a matter of weeks, and what are the implications for midstream companies? Today’s post looks at those questions and more as we shift our focus to...
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