Getting more oil on the move
Enterprise Products Partners looks set to maintain its leading position in the expansion of US midstream logistics over the next two years
The ongoing US upstream revolution will offer continued expansion in connecting growing hydrocarbons production to domestic end-user and export opportunities. But Enterprise and its competitors will need to continue to be attentive to their balance sheets as the market remains skittish about financing the volatile energy sector. Meanwhile, the company is strengthening its balance sheet in an apparent transition to a more conventional corporate financial model from its current limited partnership LP structure. The US Energy Information Administration's (EIA's) latest Short-Term Energy Outlook, published 15 January, estimates that US crude oil production averaged 10.9mn bl/d last year, and
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