Williams 2Q14 Update: Selected Comments, Slides & Databook
Williams, a major midstream company in the U.S. and one of two major midstream companies in the Marcellus/Utica region (MarkWest Energy being the other) released their second quarter 2014 update on Wednesday. Much of the update deals with the monster deal Williams is in the middle of with acquiring all of Access Midstream, the old Chesapeake Midstream (see Big News: Williams Partners Buying Access Midstream for $6B). We’ll link to the update below if you want to wade through it. However, we found the obligatory analyst call much more informative when it comes to Williams news about the Marcellus and Utica. We’ve scoured the transcript and pulled out those sections where Williams talks about their northeast operations. We’ve also embedded the slide presentation they used and a copy of their latest “databook” (now where did they get that name?!)…
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Two “independent” administrative law judges for the Pennsylvania Public Utility Commission have dealt what could be a major blow to Sunoco Logistics’ request to have the Mariner East NGL (natural gas liquids) pipeline declared a public utility. The two judges–David Salapa and Elizabeth Barnes–handed down a decision yesterday that denies Sunoco’s request to have 18 pump and 17 value stations (in 31 locations) that would need to be built along the 300+ mile pipeline exempt from local zoning ordinances. If the pipeline is considered a public utility it would be exempt from local ordinances. Without that exemption, Sunoco Logistics faces a nearly impossible task of trying to gain permission to build the necessary new stations. Below is a copy of the decision, and MDN’s background on this important pipeline project, along with a “where do we go from here” analysis…