| Anadarko Petroleum (APC) Joins Panola Pipeline JV in Texas - Analyst Blog | |
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Four operators in the oil and gas industry – Anadarko Petroleum Corporation (APC), Enterprise Products Partners L.P. (EPD), DCP Midstream Partners, LP (DPM) and MarkWest Energy Partners, L.P. (MWE) – have entered into a joint venture for Enterprise Product's natural gas liquids (“NGL”) pipeline expansion in eastern Texas.
Per the joint venture agreement, Enterprise Products will allocate 45% ownership interest in its wholly owned subsidiary, Panola Pipeline Company, LLC. This stake will be equally apportioned among Anadarko’s affiliate WGR Asset Holding Company LLC, DCP Midstream and MarkWest Enterprise.
The remaining 55% stake will be held by Enterprise Products, which will continue to serve as the operator of the Panola Pipeline. Originating in Carthage, TX, the Panola Pipeline stretches 181 miles to Mont Belvieu and transports NGL.
Recently, Enterprise Products divulged its expansion plans of installing 60 miles of new pipeline, pumps and other related equipment for increasing its capacity by 50,000 barrels per day (bpd). The project is expected to come online by the first quarter of 2016 (read: Enterprise Products' Panola Pipeline Expansion on Track).
The project has a two-fold benefit of providing additional capacity for the companies’ growing NGL production, especially Anadarko’s well-placed assets in mineral-rich East Texas, as well as helping Enterprise Products grow its midstream presence in Panola County.
Amid the downtrend in natural gas prices, which is expected to continue through the next two years, the U.S. Energy Information Administration’s short-term energy outlook projects NGL production to grow 8.4% to 3.21 million bpd in 2015 and 17.9% to 3.49 million bpd in 2016 from the 2014 levels.
Going by the projection of increasing NGL production in the future, demand for midstream projects is expected to rise.
Anadarko Petroleum currently carries a Zacks Rank #4 (Sell). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ANADARKO PETROL (APC): Free Stock Analysis Report ENTERPRISE PROD (EPD): Free Stock Analysis Report MARKWEST EGY PT (MWE): Free Stock Analysis Report DCP MIDSTREAM (DPM): Free Stock Analysis Report To read this article on Zacks.com click here.
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MarkWest Energy Partners LP
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CODE : MWE |
ISIN : US5707591005 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MarkWest Energy est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique. MarkWest Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,1 milliards US$ (9,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 01 mai 2009 à 10,05 US$, et son plus haut niveau récent le 25 septembre 2015 à 48,00 US$. MarkWest Energy possède 231 560 000 actions en circulation. |