- Tight Gas & Oil
- Gas Hydrates
The acquisition, one of two large midstream purchases to start June, will allow Ferrellgas to move crude oil through the Permian Basin, Bakken, Rockies, Niobrara, Midcontinent, Gulf Coast and Eagle Ford.
Shale sweetspots created many winners in the past five years – and they in turn helped carry out the oil and gas shale revolution.
At the moment, the E&Ps sitting in the best U.S. plays and the best counties are predicting a 3% decline in production. If the decline stretches across the industry the result will be the first year-on-year decline since 2010.
To Bob Brackett, senior analyst, Bernstein Research, a dip in production isn’t far-fetched. The winners are powerful.
“They are not a cartel and I refuse to coin the term "Shale-PEC," but this concentration means these actors are as worth observing as their brethren that will meet in Vienna in a few weeks,” he said.
Pioneer and Reliance sell to Enterprise Products Partners in a deal that pays more $1.15 billion at closing and $1 billion a year later.
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