Going Green: Oil & Gas Dips its Toes Into Renewables
Renewables are continuing to gain traction globally as power providers and policymakers prioritize low-carbon energy in order to combat climate change. Some traditional oil and gas companies are...
What about MLPs’ Refiner Customers?
With so much focus on the financial health of midstream’s customers that produce oil, it is easy to forget that many MLPs have significant exposure to refiners – and not just those MLPs with refiner...
Permian Update: New Pipelines Loosen Constraints and Tighten Differentials
Wide Permian crude price differentials provided a boost to midstream cash flows in 2019 as companies exploited arbitrage opportunities. However, as new pipeline capacity has come online, the...
Take Me Away: What New Permian Pipeline Capacity Means for Crude Prices and Exports
Summary Two major Permian pipeline projects began service in August, helping to ease the basin’s takeaway constraints and providing further sources of stable cash flows for midstream companies....
When Winning Isn’t Everything: Midstream Project Returns and Why They Matter More
The focus on returns is prevalent across the energy sector as investors desire capital discipline and growth backed by solid returns instead of just growth at any cost. Today, we will frame what...
Bye, Bye, Bye (MLPs) Revisited: MLP Consolidation Entering Late Innings
Since we last discussed MLP consolidation, significant headway has been made in terms of transaction announcements. We provide an update to the three parts of our series from this summer – who’s...