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wink to webster pipeline ownership

“Separately, Delek Logistics’ participation in the Red River pipeline joint venture complements our existing geographic footprint, increases optionality throughout our system and provides a more stable cash flow stream in the future.”. Permian oil production has skyrocketed to nearly 4.2 million barrels a day, accounting for more than one-third of the nation’s record output. The Wink to Webster Pipeline LLC is a joint venture among affiliates of ExxonMobil (ExxonMobil), Plains All American Pipeline, L.P. (Plains) and Lotus Midstream, LLC (Lotus).The new common-carrier pipeline system will provide more than 1 million barrels per day of crude oil and condensate capacity and will be constructed from the Permian Basin in West Texas to the Texas Gulf Coast. The Wink to Webster Pipeline LLC is a joint venture among affiliates of ExxonMobil (ExxonMobil); Plains All American Pipeline, L.P. (Plains); MPLX LP; Delek US; Lotus Midstream, LLC (Lotus); and Rattler Midstream LP. Benzinga does not provide investment advice. After four straight increases, home sales are down unexpectedly. Construction on the Wink-to-Webster crude pipeline system segment to Webster, Texas, is expected to be completed by the end of 2020, said Enterprise Products Partners. ExxonMobil, Plains All American Pipeline, L.P. (Plains), and Lotus Midstream, LLC announced today they have formed the Wink to Webster Pipeline LLC Joint Venture (JV) and have ordered nearly 650 miles of domestically sourced 36-inch-diameter line pipe. It just won’t be the original scope that we had envisioned early on,” Chief Executive Michael Hennigan said during the quarterly results call with analysts. Delek US president and CEO Uzi Yemin said: “We have patiently evaluated long-haul pipeline options and are pleased to join a strong set of partners in the Wink to Webster Pipeline LLC joint venture. Houston-based Lotus Midstream already was another partner on the 650-mile Wink to Webster project with Plains and Exxon. Trump says he built a ‘booming’ economy. The Wink to Webster pipeline is key to transporting Exxon’s oil to its refining systems in Baytown and Beaumont. (To watch DeLaney’s track record, click here)Overall, there have been 8 recent analyst reviews of NLY shares, breaking down to 5 Buys and 3 Holds, giving the stock an analyst consensus rating of Moderate Buy. The pipeline’s main segment, … "We have further calibrated the anticipated impact of producer capital discipline on drilling and completion activity," Chief Executive Willie Chiang said. Frequent CenterPoint outages happen rain or shine, customers say, OPEC+ faces growing pressure to change course as ministers meet, Chron Exclusive: Pay only $35.99 for this Astros hoodie, These holiday kitchen items are 50% off at Hobby Lobby. The 5-star analyst pointed out, “The combination of dividends paid during the [second] quarter and the sterling book value gain—the company’s best quarterly gain since the Great Recession of 2008-09 [...] We believe NLY shares should trade at a meaningful premium to peers based on the company’s size, scale, and, now, its internal management structure. For the full year 2020, Plains said it expects Permian production to grow, on average, about 500,000 bpd - about 100,000 bpd on average less than the company's prior estimates. Many companies are trucking crude because of a lack of major pipelines to carry oil to the major refining and port hubs in Houston and Corpus Christi. Plains said it added three additional partners on its Wink to Webster project: Marathon Petroleum’s pipeline spinoff, MPLX; Israel’s Delek; and Diamondback Energy’s pipeline spinoff, Rattler Midstream Partners of Midland. One estimate from JPMorgan Chase & Co.’s chief equity strategist puts U.S. stocks in for a double-digit advance if Donald Trump keeps his office.A victory for the Republican candidate could push the S&P 500 to as high as 3,900 at year-end under the most optimistic case laid out by Dubravko Lakos-Bujas, the bank’s chief U.S. equity strategist. With the new partners, Plains will decrease its ownership stake from 20 percent to 16 percent. ... Plains will decrease its ownership stake from 20 percent to 16 percent. We use cookies to ensure that we give you the best experience on our website. He owes his trading success to these strategies. The investment in the JV is expected to be worth between $340m and $380m. The clock just started on the biggest financial event in 20 years. He rates BANX an Outperform (i.e. “Plenty of LPs might rightfully put pressure on APO now, but [will] ultimately continue to invest with them.” The firm added that when considering APO as a stock, “investors & LPs should eventually separate the man from the company,” as the company “had no business dealings with the bad guy.”Winnebago Industries was upgraded to buy from neutral at Citi, which wrote that motor homes should continue to see strong demand throughout the pandemic. The most forgettable video app dissolves after 6 months. “A return to extensive travel (planes, cruise, hotels) is several years away, while we believe that the attractiveness of the RV lifestyle is here to stay,” wrote analyst Shawn Collins. Near-term uncertainty has remained elevated, with the Cboe Volatility Index stuck near a 30 level for weeks now, likely reflecting concern that sectors of the economy and markets that the candidates have referenced the most could see some wild swings post-election.A quick look at the top constituents of a Biden and Trump baskets of stocks created by JPMorgan, which bet on potential winners from either Democrats or Republicans taking control of Washington, shows the stakes are sky-high. And the next 3 months could decide your wealth in 2021. The retaliatory tariffs by China on the U.S. exports reduced domestic factory jobs by 0.7%.According to Peterson Institute for International Economics trade expert Chad Bown, President Trump is not the first to use tariffs to protect industries, but this is the biggest use of tariffs since the Great Depression.Image Courtesy: WikimediaSee more from Benzinga * Click here for options trades from Benzinga * European Markets Today: Indices Plunge On Fears Of New COVID-19 Restrictions Hurting Economy * AstraZeneca COVID-19 Vaccine Data Shows Promising Signs In Older Age Group: FT(C) 2020 Benzinga.com. The pipeline currently has a capacity of producing 150,000boe/d and is being expanded to 235,000boe/d by the first half of next year. U.S. Vice President Mike Pence’s chief of staff, Marc Short, and Marty Obst, a close adviser, tested positive for the virus.Alphabet, Facebook, Amazon, Apple, and Microsoft will emerge from the pandemic stronger than ever, despite intensifying antitrust scrutiny in Congress, Barron’s writes in its latest issue. He has written about everything from Texas' national lead in renewable wind power to the Houston area's growing dominance in petrochemical and plastics manufacturing. Not that they have ever shied away from these steady income generators; rather, the market boom of this past summer led the Street to focus on share appreciation as the source of profits. When complete, the expansion will increase Delek US’ production capacity from 35,000boe/d to 100,000boe/d. The Whistler natural gas pipeline project, which is expected to transport about 2 billion cubic feet per day (bcfd) of natural gas from Waha, Texas, to the Agua Dulce market in south Texas, also continued to progress, the company said. [O/R]. Get a free quote today. Plains All American said it completed its Cactus II crude oil pipeline from West Texas to the Corpus Christi area and added new partners to another major Permian pipeline project to Houston. “We wanted to not commit to that full scope until we were really sure that the volume commitments would be there (and) with what’s happening in the market, the volume commitments are slower.”. Lucy Peng, a director at the payments giant, is the biggest individual Ant owner after Ma, and has a $5.2 billion stake. Q2 revenues came in at $979 million, with EPS, at 27 cents, beating the 23-cent forecast. The Wink-to-Webster Pipeline is a joint venture among affiliates of Exxon Mobil Corp, Plains All American, MPLX LP, and Delek US, among others. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. The investment in the JV is expected to be worth between $340m and $380m. Are You Affected by the Latest Wink to Webster Pipeline Changes Summary of the Wink to Webster Pipeline Changes Video. GIW’s ZW vertical pumps are suited for pumping highly abrasive slurry, as well as applications such as dewatering, floor clean-up and process transfer. The new common-carrier pipeline system will provide more than 1 million barrels per day of crude oil and condensate capacity and will be constructed from the Permian Basin in West Texas to the Texas Gulf Coast. The $1.1 billion, 515-mile Cactus II project will start partially flowing crude oil next week and become fully operational in the first quarter of 2020, said Plains Chief Executive Willie Chiang during the company’s earnings call late Tuesday. We will comply with all applicable laws and regulations and apply responsible standards throughout construction.We will minimize impacts to the community and environment. In the third quarter of 2020, Midland‐to‐ECHO 3 crude pipeline, which will be a part of the Wink-to-Webster system, is … The company has been gradually raising the quarterly payout for the past three years, and the current dividend, of 22 cents per common share, annualizes to 88 cents and gives a yield of 7.1%. “It would likely be accompanied by some immediate positive catalysts (i.e. Exxon Mobil is by far the most active driller in the Permian with more than 50 rigs at work. The company could raise another $5.2 billion if it exercises its green shoe options, taking its market value to about $320 billion. Four years on from BHS's collapse, has the audit industry, criticised for not spotting problems, changed? Jordan Blum is a senior energy reporter at the Houston Chronicle since 2015. The Wink to Webster Texas-based pipeline system will have origin points at Wink and Midland to multiple locations near Houston, including Webster and Baytown, with connectivity to Texas City and Beaumont.

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