Midstreamer E2 Energy Gets Major Investment from Tailwater Capital
E2 Energy Services, which operates numerous natural gas processing facilities in the Marcellus/Utica, has just recapitalized “through an equity commitment from Tailwater Capital.” MDN first heard of E2 back in October 2014 when EnLink Midstream transferred ownership (“dropped down”) its investment in E2 Appalachian Compression, LLC and E2 Energy Services, LLC from one EnLink corporate entity to another (see EnLink Midstream’s Primary Focus in the Marcellus/Utica is…). EnLink, at least in 2014, owned a majority interest in E2–so we consider E2 a subsidiary of EnLink. Now comes word that a private equity investment company, Tailwater Capital, has committed a big slug of money, although we are not given the amount. When a company like E2 “recapitalizes” that typically means the company is swapping debt (bonds and notes) for equity (stocks). The announcement from E2 does not share the exact nature of the recapitalization. Below is the announcement, along with a list of E2’s assets and operations in the Marcellus/Utica region…
Read More “Midstreamer E2 Energy Gets Major Investment from Tailwater Capital”
West Virginia University professor and researcher Dr. Michael McCawley, chairman of the Dept. of Occupational & Environmental Health Sciences in the School of Public Health, has been studying the health effects of fracking since 2012. Dr. McCawley launched the Marcellus Shale Energy and Environment Laboratory (MSEEL)–a project that drilled a test well is providing real-time air, noise, occupational safety and health monitoring over a five-year period (see 
We just knew getting a “virtual pipeline” facility built in ultra-liberal Broome County, NY was proceeding a little too easy. MDN recently told you about a proposed virtual pipeline (i.e. natgas trucking system) coming to MDN’s neighborhood. NG Advantage wants to build a new compressor station and tap into the Millennium Pipeline where it crosses the Chenango River near Port Dickinson, a suburb of Binghamton, in Broome County (see 
For some reason we’ve always loved stories about how shale energy has revitalized the short line railroad industry. Maybe it’s from some deep-seated psychological connection of playing Monopoly as a child and loving to own the railroads on the board–including the Short Line. Who knows? We’ve just stumbled across another such shale energy story connected to a short line railroad. This one involves the mighty Rover Pipeline, now under active construction across Ohio and in Michigan. When Energy Transfer, the company building the $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline began to look at logistics and where they would store all of the pipeline and other materials needed to construction the mammoth project, they happened across a rail yard and transloading facility located in Massillon (Stark County), OH. Massillon Logistics, founded in 2004 by Steve and Dave DiPietro, had launched Republic Short Line Railroad (RSL), along with four other subsidiaries, to operate at a former steel mill site (465 acres) now called the Massillon Energy & Technology Park. RSL and the expansive park were just what Energy Transfer needed for Rover. The pipeline project has provided RSL with a boatload (or rather, rail yard) of business and money to grow… 
We often debate whether or not a bit of news is actually interesting for the MDN audience. Will this bit of news help either a landowner, driller, midstreamer, supply chain company or investor if they knew about it? The following story comes down right on the line for us. We could go either way, but we elected to include it. We don’t know when, exactly, but at least two years ago SemGroup Corporation, a publicly traded (shares of stock) midstream company that moves mostly oil from the wellhead to market, started up a master limited partnership (MLP) subsidiary called Rose Rock Midstream. An MLP issues “units” instead of shares of stock. MLPs have certain tax advantages for investors. We ran a story in June 2014 about Rose Rock buying some of Chesapeake Energy’s assets, including a trucking operation that services the Utica Shale in Ohio (see