We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enterprise & Energy Transfer to Restart Old Ocean Pipeline
Read MoreHide Full Article
Enterprise Products Partners L.P. (EPD - Free Report) and Energy Transfer Partners, L.P. have formed a joint venture to restart operations in the Old Ocean natural gas pipeline.
The 24-inch diameter pipeline has been inactive since 2012. It is expected to resume operations from the second quarter of 2018. The pipeline begins at Maypearl, TX in Ellis County and stretches south about 240 miles to Sweeny, in Brazoria County.
The pipeline will be operated by Energy Transfer Partners. Moreover, the parties are trying to expand the jointly-owned North Texas 36-inch Pipeline that will augment capacity from West Texas for deliveries into the Old Ocean Pipeline. The North Texas Pipeline expansion project is anticipated to conclude by fourth-quarter 2018.
The restart of operations in the Old Ocean pipeline is expected to help meet the immediate demand for takeaway capacity from the growing Delaware Basin and Midland Basin.
About Enterprise Products Partners
Based in Houston, TX, Enterprise is one of the major publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (“NGL”), crude oil as well as petrochemicals. The partnership transports natural gas, NGLs, crude oil and petrochemicals through 50,000 miles of onshore and offshore pipelines. It also has 260 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil along with 14 billion cubic feet of natural gas storage capacity.
About Energy Transfer Partners
Dallas, TX-based Energy Transfer Partners is a Master Limited Partnership engaged primarily in the gathering, processing, storage and transportation of natural gas and NGLs through a network of pipelines spanning some 62,500 miles. The partnership's subsidiaries include Panhandle Eastern Pipe Line Company, L.P. and Lone Star NGL LLC — a venture that owns and operates NGL storage, fractionation and transportation assets in Texas, Louisiana and Mississippi.
Price Performance
During the last three months, Enterprise’s shares have gained 0.2% against the industry’s 6.7% decline.
Zacks Rank & Key Picks
Enterprise currently carries a Zacks Rank #3 (Hold).
BP is among the leading integrated energy players in the world. The company delivered an average positive earnings surprise of 29.6% in the trailing four quarters.
Solaris Oilfield Infrastructure manufactures as well as provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites. The company delivered a positive earnings surprise of 5.26% in the preceding quarter.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Enterprise & Energy Transfer to Restart Old Ocean Pipeline
Enterprise Products Partners L.P. (EPD - Free Report) and Energy Transfer Partners, L.P. have formed a joint venture to restart operations in the Old Ocean natural gas pipeline.
The 24-inch diameter pipeline has been inactive since 2012. It is expected to resume operations from the second quarter of 2018. The pipeline begins at Maypearl, TX in Ellis County and stretches south about 240 miles to Sweeny, in Brazoria County.
The pipeline will be operated by Energy Transfer Partners. Moreover, the parties are trying to expand the jointly-owned North Texas 36-inch Pipeline that will augment capacity from West Texas for deliveries into the Old Ocean Pipeline. The North Texas Pipeline expansion project is anticipated to conclude by fourth-quarter 2018.
The restart of operations in the Old Ocean pipeline is expected to help meet the immediate demand for takeaway capacity from the growing Delaware Basin and Midland Basin.
About Enterprise Products Partners
Based in Houston, TX, Enterprise is one of the major publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (“NGL”), crude oil as well as petrochemicals. The partnership transports natural gas, NGLs, crude oil and petrochemicals through 50,000 miles of onshore and offshore pipelines. It also has 260 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil along with 14 billion cubic feet of natural gas storage capacity.
About Energy Transfer Partners
Dallas, TX-based Energy Transfer Partners is a Master Limited Partnership engaged primarily in the gathering, processing, storage and transportation of natural gas and NGLs through a network of pipelines spanning some 62,500 miles. The partnership's subsidiaries include Panhandle Eastern Pipe Line Company, L.P. and Lone Star NGL LLC — a venture that owns and operates NGL storage, fractionation and transportation assets in Texas, Louisiana and Mississippi.
Price Performance
During the last three months, Enterprise’s shares have gained 0.2% against the industry’s 6.7% decline.
Zacks Rank & Key Picks
Enterprise currently carries a Zacks Rank #3 (Hold).
A few better-ranked players in the same sector are BP plc (BP - Free Report) and Solaris Oilfield Infrastructure, Inc. (SOI - Free Report) . Both these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BP is among the leading integrated energy players in the world. The company delivered an average positive earnings surprise of 29.6% in the trailing four quarters.
Solaris Oilfield Infrastructure manufactures as well as provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites. The company delivered a positive earnings surprise of 5.26% in the preceding quarter.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>