When Okla. City-based Enable Midstream rang the NYSE’s closing bell last Friday, company executives not only cheered the five years its stock has traded but its stock of achievements that have made Enable a Made-in-Oklahoma success story. Reese Energy Consulting today is studying the agility of this midstream operator to balance new infrastructure builds and expansions with a financial discipline to grow its footprint in key areas without accruing mountains of debt. Enable’s natural gas, NGL and crude oil systems serve producers in the Anadarko Basin, the Ark-La-Tex region, and the Willison Basin. The company’s growing presence in the Anadarko is the result of several organic projects that include a 205,000 MMBTU per day natural gas pipeline, an NGL pipeline and two gas processing plants; and an acquired crude oil and condensate gathering and transportation system. Coming next is a 170-mile natural gas pipeline, which will extend from the Haynesville to the Gulf Coast and is expected go online in 2021.
Posted on August 23, 2019