Tortoise in Oil & Gas Financial Journal

Second quarter numbers for the midstream sector looked healthy, noted Tortoise Capital Advisors in a mid-year review. New projects were placed in service during the quarter with additional projects scheduled to commence later in 2015 and 2016. “Our projection for capital investment in MLP, pipeline and related organic growth projects through 2017 remains strong at approximately $160 billion.” On M&A activity in the space, Tortoise Capital Advisors tallied MLP and pipeline transactions totaling approximately $30 billion in the second quarter, adding to the $60 billion in activity so far this year. The firm also noted support for MLP and pipeline companies from capital markets. The quarter saw an equity raise of more than $6 billion and debt to the tune of $12 billion, with a year-to-date total over $49 billion, they noted.
Read the article here.