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Kinder Morgan to acquire premier midstream position in Bakken

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Kinder Morgan, Inc. (NYSE: KMI) today announced a definitive agreement whereby KMI will acquire Hiland Partners (Hiland) from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt. Hiland’s assets, which are mostly fee based, consist of crude…

Regulations limit U.S. demand response to lower oil prices

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The ability of the U.S. fuels market to respond to lower oil prices is expected to be capped over the long-term due to fuel market regulations meant to limit domestic demand for conventional refined fuels, according to Fitch Ratings. These measures include rising renewable fuel requirements under the Energy Independence…

Fitch: Oil drop may slow U.S. LNG, weaken economics

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The recent nearly 50 per cent drop in oil prices may slow the momentum behind the development of U.S. liquefied natural gas (LNG) facilities, according to Fitch Ratings. Oil price declines have weakened global LNG prices and could increase Henry Hub gas pricing, weakening current U.S. LNG project economics. Traditional…

Belle Fourche Pipeline Company and Bridger Pipeline LLC to begin open season for crude petroleum pipeline project

Connecting production from the Bakken Region and the Powder River Basin to Guernsey, Wyoming, with planned expanded connectivity to Cushing, Oklahoma. Belle Fourche Pipeline Company (“Belle Fourche”) and Bridger Pipeline LLC (“Bridger”) (collectively, the “Pipelines”) announced Friday, December 19, 2014, that they intend to hold an open season in January…

Western Energy Alliance is getting the job done!

Every day, Western Energy Alliance strives to deliver value to the western oil and natural gas industry. We work hard to provide return on our members’ investment in Western Energy Alliance by constantly upping our level of service and ensuring we’re improving the business climate for our great industry in…

IDC Energy insights reveals oil & gas predictions for 2015

IDC Energy Insights today hosted the IDC FutureScape: Worldwide Oil & Gas 2015 Predictions web conference, which highlighted predictions based on a new IDC FutureScape report. The Predictions web conference series and accompanying IDC FutureScape reports, are designed to help company leaders capitalize on emerging market opportunities and plan for future growth. An…