Latest Midstream Stories

TULSA, Okla., Oct. 24, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 48.5 cents per unit for the period July 1 through Sept. 30, 2012, representing the 42(nd) distribution increase since its initial public offering in 2001. The third-quarter 2012 distribution is 21% higher than the third-quarter 2011 distribution of 40 cents per unit and represents a 3% increase over the...

HOUSTON, Oct. 22, 2012 /PRNewswire/ -- Prices for natural gas liquids, or NGLs, have dropped precipitously this year amid growing supplies, weakening the profitability of a key driver of the U.S. shale development. Extracting NGLs, such as ethane, propane and butane, is still more attractive than producing dry natural gas, but it's not as robust as it was nine months ago, according to Ernst & Young's Oil & Gas Center's quarterly analysis. NGL production has surged over the...

CALGARY, Oct. 17, 2012 /PRNewswire/ - Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) announced that it will release its third quarter 2012 results on Tuesday, November 6, 2012 after markets close.  A conference call and webcast have been scheduled for the next day Wednesday, November 7, at 9:00 a.m. MT (11:00 a.m. ET) for interested investors, analysts, brokers and media representatives. The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or...

TULSA, Okla., Oct. 15, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) has completed the previously announced two-for-one split of its limited partner units, which will begin trading on a post-split basis today. Holders of record on Sept. 28, 2012 received one additional limited partner unit at the close of business on Oct. 12 for each unit owned on the record date. The partnership now has approximately 226.2 million units outstanding. As a result of the...

HOUSTON, Oct. 10, 2012 /PRNewswire/ -- Copano Energy, L.L.C. (NASDAQ: CPNO) announced today a cash distribution for the third quarter of 2012 of $0.575 per unit, or $2.30 per unit on an annualized basis, for all of its outstanding common units. This distribution will be payable on November 8, 2012, to holders of record of common units at the close of business on October 31, 2012. "Copano will maintain its $0.575 quarterly distribution to unitholders," said R. Bruce Northcutt,...

HOUSTON, Oct. 10, 2012 /PRNewswire/ -- James Kleckner, vice president, Anardarko Petroleum Corp., has joined the slate of executive speakers for the inaugural Rockies Midstream conference December 6, 2012, at the Colorado Convention Center in Denver. The event will examine the matrix relationships responsible for moving crude oil, natural gas liquids, and dry gas in and out of the Rockies. Kleckner's remarks, "The Rockies Producer's Perspective: A Spotlight on Natural Gas,"...

Steve Adelkoff, President of RMG, explains how the pricing advantage of natural gas liquids as a petrochemical feedstock relative to oil has changed everything in the petrochemicals industry. This sustainable competitive advantage will make the Tri-State Region (PA, OH, WV) a world-class center of petrochemical production. Pittsburgh, PA (PRWEB) September 25, 2012 Steve Adelkoff, President of Renewable Manufacturing Gateway (RMG) and Chief Financial Officer of Aither Chemicals, LLC...

TULSA, Okla., Sept. 25, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2012 before the market opens on Mon., Nov. 5. Management will discuss third-quarter earnings and outlook for the remainder of 2012 during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (888) 539-3696 and provide code 6471308. Investors also may listen to the call via the...

HOUSTON, Sept. 25, 2012 /PRNewswire/ -- James J. Volker, chairman and CEO, Whiting Petroleum Corp., will deliver the opening keynote at Hart Energy's inaugural Rockies Midstream conference on December 6, 2012, at the Colorado Convention Center in Denver. The event will provide fresh perspectives on North American pipeline, treatment, and storage infrastructure. Volker's remarks, "Producer's Perspective: A Spotlight on Crude in the Bakken," will examine the current forecast for the...

DALLAS, Sept. 14, 2012 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit") announced today that it has entered into an agreement with La Grange Acquisition, L.P., a wholly owned subsidiary of Energy Transfer Partners, L.P., to acquire ETC Canyon Pipeline, LLC ("Canyon") for $207 million. Canyon gathers and processes natural gas in the Piceance and Uinta basins in Colorado and Utah. The gas gathering and processing system consists of more than 1,600 miles of pipe, 44,000...