• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 2 hours Science: Only correct if it fits the popular narrative
  • 49 mins Crazy Stories From Round The World
  • 14 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 19 hours EU has already lost the Trump vs. EU Trade War
  • 12 hours China's Renewables Boom Hits the Wall
  • 2 days ''Err ... but Trump ...?'' *sniff
  • 3 hours Do The World's Energy Policies Make Sense?
  • 13 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 6 hours Impeachment Nonsense
  • 2 days Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 1 day Tesla Launches Faster Third Generation Supercharger
  • 18 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Midstream Opportunities in the Marcellus

I’ve been warning readers about 1st quarter energy results in the Exploration and Production companies – believing that the results would be overhyped and lead to disappointments.  But nothing like that has happened.  

In fact, the E+P’s have been killing it, if not from increased realizations, then by the strong prices in natural gas during the winter of 2013.  And, if that weren’t enough, the wide differentials in domestic crude benchmarks led to some incredible results from the refiners and in the downstream results of the big integrated stocks.  Exxon-Mobil (XOM), my long time ‘go to’ integrated behemoth, just posted incredible downstream numbers, in time to see those shares rise well over $100.  Jim Cramer, who I spoke with yesterday, sees $120 as a reasonable Exxon target.   Wow.

But one area of energy is being overlooked in this incredible renaissance of US production:  Midstream assets.  In the massive ramping of production here in the US, what has been left behind so far has been the infrastructure to carry it where it needs to go.  Despite the thousands of miles of pipelines that currently criss-cross our nation, there’s much, much more that needs to be built in order to catch up to the potential resources E+P companies are targeting.  

Two obvious areas for midstream growth present themselves as worthy of investment, the Marcellus and the Bakken –…




Oilprice - The No. 1 Source for Oil & Energy News