Crestwood Midstream 3Q15: Marcellus/Utica Pipeline Volumes Drop

The Houston, TX-based Crestwood Midstream, which these days calls itself Crestwood Equity Partners, operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; and gathering, storage, terminalling and marketing of crude oil. Whew. Lots of different things! Yesterday Crestwood issued its third quarter 2015 financial and operational update. We’ve snipped out just those brief sections that touch on the Marcellus/Utica region, below. Among the news you’ll be interested in: The gathering pipelines operated by Crestwood in the southwest saw lower volumes in 3Q15 than in 3Q14, a result of low prices for natural gas and drillers deciding to shut-in some of their production. Crestwood continues to believe Antero Resources will soon complete 22 wells that will hit the Crestwood system sometime in 2016. And in the northeast part of the play, Crestwood expects to complete an expansion of the MARC I pipeline, connecting to the mighty Transco, “in the coming weeks.” Meanwhile, system volumes in the northeast are also down year over year…

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