If managing the movement of molecules over vast distances wasn’t enough to do, getting schooled in social media may be next on the agenda for certain midstream CEOs. And it may be a more important task than previously realized, according to Ethan Bellamy, senior research analyst covering the midstream sector for Robert W. Baird & Co.
In terms of more familiar duties, midstream managers have “ample” takeaway to serve Rocky Mountain producers, absent a substantially higher, commodity price-driven increase in activity levels, Bellamy told attendees at Hart Energy’s DUG Bakken & Niobrara conference recently.
“Overall, we don’t see any problems in large-diameter gas lines or oil lines getting out of the Bakken or the D-J,” Bellamy said. “With DAPL [Dakota Access Pipeline] coming online, we have ample capacity. We don’t think crude by rail will be needed until probably the end of 2018 in our most aggressive scenario.”
[Read More …]
Source: Daily Dose of ShaleDirectories.com News