Crestwood Midstream – NGL Volumes Up Thanks to Marcellus/Utica

Crestwood Midstream is a pipeline company with operations in several shale plays, including the Marcellus and Utica. They are, like Summit Midstream, another smaller but meaningful player in the northeast. Crestwood has 65 miles of natural gas gathering pipelines in Harrison and Doddridge counties in WV–along with eight compressor stations (see the map below). Another major initiative by the company is to convert a depleted salt cavern along the shore of Seneca Lake in New York into an underground storage facility for liquefied propane (see Crestwood Execs on Radio to Promote Propane Storage @ Seneca Lake). Like fracking in New York, so far that facility has been blocked by the efforts of anti-drillers (really fossil fuel haters). The state Dept. of Environmental Conservation recently held a hearing about the facility–but from what we can tell, the process to issue a permit remains stalled. At any rate, Crestwood issued their first quarter update yesterday and they report, among other good news, that natural gas liquids (NGL) volumes are higher in 1Q15 vs a year ago mainly due to an increase of NGLs flowing in the Marcellus/Utica…

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