enterprise is buying oiltanking partners for $ 6B, all in. imo.....

there are two ramifications to this deal: a) this is a pretty big bet by epd on the feds allowing more liquids exports. this would help to bolster liquid hydrocarbon prices, and, b) as regards our parochial interests, if the lower 48 price for light sweet falls too very much further from where it stands today, producers will greatly throttle back on the liquids driven gas well drilling we see everywhere today (marcellus excepted, it's drier than a ......., well, you know what).

link to article:

http://fuelfix.com/blog/2014/10/01/enterprise-product-partners-prop...

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42

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