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Oil and Gas Midstream Ready for Investment

Oil & Gas Journal reports that “surging US production has made oil and gas midstream operations attractive investment prospects, three Deloitte specialists said during the final day of the financial services company’s 2014 Washington Energy Conference.”  

“‘It’s a large footprint already,’ said John England, who leads Deloitte LLP’s US oil and gas practice. ‘A lot of companies in it are growing into more aspects of the value chain already, notably Kinder Morgan [Energy Partners LP] and Enterprise [Products Partners LP]. This previously sleepy part of the industry has started to wake up. There’s a lot of private equity looking to go into the midstream.'”  

“He said the US midstream—which includes transportation, refining, gas processing, gas liquids fractionation, storage, renewable fuels, and terminals—grew from 5% of the US industry’s total capitalization in 2005 to more than 20% in 2012.”

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