Crude Price Drops, but Pipelines Projects Flow
Crude Price Drops, but Pipelines Projects Flow
SUGAR LAND--January 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Although producers and drillers have been hit hard, as shown by several rounds of layoffs at various drilling companies since November, midstream companies that build and operate the pipelines that carry oil from drilled wells to their markets are continuing apace. While large and small companies have different reasons for being so, most midstream companies are left unaffected by the price drop and are moving ahead as planned.
Within this article: Assessment of pipeline projects amid the drop in crude oil prices.
Companies featured: Kinder Morgan Incorporated (NYSE:KMI), TransCanada Corporation (NYSE:TRP)
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