GROSS OPERATING MARGIN BRIDGE Details: Non-cash mark to market (“MTM”) changes are a function of the hedging of crude oil, natural gas and natural gas liquids (“NGL”) price differentials between regional markets. This hedging is…
NGL SEGMENT GOM BRIDGE 1Q 2019 VS. 1Q 2018 Details: Mont Belvieu storage facility increased primarily due to higher storage fees. Marketing activities increased primarily due to incremental spread opportunities related transport…
PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 1Q 2019 VS. 1Q 2018 $ in MMs Details: PDH entered commercial service in April 2018 and operated at approximately 80% utilization in 1Q 2019. Propylene fractionation and related…
CRUDE OIL SEGMENT GOM BRIDGE 1Q 2019 VS. 4Q 2018 Details: Non-cash MTM decreased due to transportation hedges associated with the Midland to ECHO 1 Pipeline System. Marketing activities increased primarily due to higher average sales…
NATURAL GAS SEGMENT GOM BRIDGE 1Q 2019 VS. 4Q 2018 $263 ($11) $9 $5 ($6) $5 $264 $0 $50 $100 $150 $200 $250 $300 4Q 2018 GOM Non-Cash MTM Change Permian Basin Gathering Systems Texas Intrastate P/L System Haynesville area…
PETROCHEMICAL AND REFINED PRODUCTS SERVICES GOM BRIDGE 1Q 2019 VS. 4Q 2018 $255 ($7) $10 ($10) ($12) $243 $7 $0 $50 $100 $150 $200 $250 $300 4Q 2018 GOM Non-Cash MTM Change Mont Belvieu Isoms Mont Belvieu Propylene…
WE CONTINUE TO INVEST & GROW ?$5B of Major Capital Projects Under Construction Aegis ethane pipeline: expected ramp to 362 MBPD in 2019 Shin Oak pipeline began partial operations February 2019 and capacity expected to ramp to 550 MBPD…