Monthly Archives: February 2014

ONEOK Posts Results for Fourth Quarter, Full-Year ’13; Upholds ’14 Guidance

ONEOK Inc. this week reported fourth quarter 2013 net income of $90.7 million, or 43cts per diluted share, as compared to net income of $111.5 million, or 53cts per diluted share in the fourth quarter of 2012. The fourth quarter … Continue reading

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Propane/Propylene Stocks Fall 1.2 Million Bbl to 26.7 Million Bbl

U.S. propane and propylene stocks fell just 1.2 million bbl to 26.7 million bbl in the week ending Feb. 14, instantly sending spot propane prices tumbling to lower ground. The draw indicated by the latest weekly inventory report from the … Continue reading

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Ethane Rejection, Margins Hit Williams Profit

Williams Partners LP saw 2013 net income decline due to lower natural gas liquids margins and lost sales due to the ongoing Geismar plant outage. Williams has also pushed out the timeline for the proposed Bluegrass NGL pipeline as it … Continue reading

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Propane/Propylene Stocks Fall 1.2 Million Bbl. to 26.7 Million Bbl.

U.S. propane and propylene stocks fell just 1.2 million bbl. to 26.7 million bbl. in the week ending Feb. 14, instantly sending spot propane prices tumbling to lower ground. The draw indicated by the latest weekly inventory report from the … Continue reading

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Gulf Shores to Build Salt Dome NGL, Olefins, Crude Storage Hub in Louisiana

After two years of initial planning, Gulf Shores Midstream, an independent developer of midstream infrastructure assets, is moving to build a new underground salt dome storage hub at the Louisiana Gulf Coast. The hub will be located outside of New … Continue reading

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Targa Benefits from Higher Frac Volumes, Exports in 2013

Thanks to increases in fractionation and export capacity, Targa Resources Partners reported higher throughputs and earnings for the fourth quarter and full-year 2013. During a conference call to discuss the results, Chief Executive Joe Bob Perkins says Targa is trying … Continue reading

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Northern Refiners Struggling to ‘Clear’ Gasoline in Midwinter

A glance at spot prices for gasoline across the seven major U.S. bulk markets finds no instance where cash traders can find a gasoline blend stock for less than $2.60/gal. But upon further review, there are a number of Rocky … Continue reading

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KM Cochin Adds Midwest Propane Destinations

Kinder Morgan Cochin has added two new destinations in an effort to bring more propane to the Midwest. In a filing last week with the Federal Energy Regulatory Commission, KM Cochin set local and incentive tariff rates for the Milford … Continue reading

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Clean Energy Fuels Defends its LNG Strategy, Asserts CNG Capability

Clean Energy Fuels’ top management mounted a spirited defense of its strategy for building out U.S. natural gas fueling Monday in the face of recent news stories and investor analysis that knocked some 17% off its share price over the … Continue reading

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The Dairy Safety Net Debate Part III: The Compromise Dairy Safety Net Solution

In our previous farmdoc daily posts "The Dairy Safety Net Debate of 2013: Parts I and II", we offered an independent analysis of the dairy margin protection programs put forth and passed by the U.S. House of Representatives and the U.S. Senate. This research demonstrated that a safety net program encompassing both the milk price and the feed price in the form of an income-over-feed-cost margin would succeed in providing need financial relief to dairy farmers during times of low milk production margins. We also identified and discussed three significant issues: (i) adverse gaming, (ii) functional equity of dairy market stabilization, (iii) and the distribution of program benefits. Continue reading

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