Fitch Drops Blue Racer Midstream from Ratings System as of Dec 29
Blue Racer Midstream is a small natural gas midstream company that provides natural gas gathering and processing, mixed NGL fractionation and condensate stabilization, and NGL marketing and transportation to producers operating in the Marcellus/Utica in southeastern Ohio and the panhandle of West Virginia. We don’t talk about the company much because it’s privately held and not in the news often. Blue Racer is in the news today! Fitch Ratings, one of the big three ratings agencies, announced it will no longer include Blue Racer in its debt ratings system after December 29th because (our words, Fitch’s sentiment) the company is too small to bother spending time to analyze.
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NATIONAL: Experts discuss oil, gas recruitment surprises in 2023; Natural gas futures fall as mild weather forecasts persist; INTERNATIONAL: Saudi energy minister says won’t agree to fossil fuel phase down.
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