Reese Energy Consulting today is following the latest from three midstreamers—one exiting a partnership, one diving into a new one, and both with MPLX front and center. ...

Less than three years ago, Kan-based Tallgrass Energy accepted a $4 billion investor buyout led by Blackstone that took the midstream company private. A name change to simply “Tallgrass,” and appointment of a new CEO quickly followed, along with a fresh strategy to diversify the business from an oil-and-gas pipeline transporter and processor, to an infrastructure company with an eye on new-energy frontiers. ...

Houston-based Crestwood Equity Partners last year made two strategic moves that saw the company exit its gathering and processing operations in the Marcellus and muscle up its midstream presence in the Permian’s Delaware and the Bakken. Both have paid off handsomely. ...