Widgets Magazine
Page 9 of 12 FirstFirst ... 456789101112 LastLast
Results 201 to 225 of 276

Thread: Enable Midstream Partners

  1. #201

    Default Re: Enable Midstream Partners

    I love it!

  2. #202

    Default Re: Enable Midstream Partners

    http://www.oklahoman.com/article/5335001?embargo=1

    Enable Midstream Service LLC plans to add 108 jobs in Oklahoma City over the next five years, starting with management positions that pay an average of more than $130,000 a year.



    The company, which is the employment entity within Enable, has more than 1,900 employees, with its principal offices at Oklahoma City’s Leadership Square. Enable plans to invest about $3.8 million in remodeling and office equipment there this year, according to a report to the Oklahoma City Economic Development Trust.

  3. #203

    Default Re: Enable Midstream Partners

    Building permit today for the 10th floor of Leadership Square; $2 million in build out for Enable.

  4. #204

  5. #205

    Default Re: Enable Midstream Partners

    Enable to cut 10% of its workforce:

    Equities.com Global Financial Community

  6. #206

    Default Re: Enable Midstream Partners

    I hate to cross-post, but I didn't realize there was a thread for the Enable announcement.

    About Enable....it sounds like they had the chutzpah to announce the layoffs and announce the intention to continue acceptance for Quality Jobs money at the same time. Their PR guy says how sorry they are about the layoffs and know it will hurt a lot of people and then says according to the Oklahoman "Alford said Monday’s announcement wasn’t expected to jeopardize long-term plans by the company to take advantage of state and local job-creation incentives."

    Note: Enable has assets of 11.7 BILLION dollars. But, they need layoffs - and - part of your paycheck. This insanity should stop!

  7. #207

    Default Re: Enable Midstream Partners

    The way the Quality Jobs program works seems to have some very serious flaws.

  8. #208

    Default Re: Enable Midstream Partners

    Could actually be a net positive for OKC as the article mentions some consolidation will occur into okc and Houston. Still no "major" job losses (500+) because of oil prices yet.

  9. #209

    Default Re: Enable Midstream Partners

    Enable CEO 'resigns' only a little over a year after being hired; Pete Delaney takes over as interim CEO:

    http://finance.yahoo.com/news/enable...120000071.html

  10. #210

    Default Re: Enable Midstream Partners

    Wow. No secession planning or anything; just an I quit and here are the keys?

  11. #211

    Default Re: Enable Midstream Partners

    Had heard that he was forced out; effectively fired.

  12. #212

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Just the facts View Post
    Wow. No secession planning or anything; just an I quit and here are the keys?
    Sounds like there was some planning alright.....

  13. #213

    Default Re: Enable Midstream Partners

    Here's an example of an effective clawback on a jobs program. We just need to be better at writing them into contracts.

    Google to pay $1M as Titan leaves NM | Albuquerque Journal News

  14. #214

  15. #215

    Default Re: Enable Midstream Partners


  16. #216

    Default Re: Enable Midstream Partners

    Enable Midstream Announces Major Expansion of Crude Oil Gathering Business
    Category: Company News, Financial News, Partnerships
    Tuesday, October 23, 2018 4:27 pm CDT
    EmailPDFPrintRSS
    Public Company Information:
    NYSE:ENBL
    "Today’s announcements continue Enable’s strategy of extending our reach across the midstream value chain by significantly expanding our crude business"
    OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) is significantly expanding its crude oil midstream business with today’s announcement of agreements in two of the country’s most active crude plays. In the Anadarko Basin, Enable has signed a definitive agreement to acquire Velocity Holdings, LLC (“Velocity”), an integrated crude oil and condensate gathering and transportation company in the SCOOP and Merge plays, for $442 million, subject to certain post-closing adjustments. In the Williston Basin, Enable has entered into new contractual commitments for a substantial expansion of the company’s crude and water gathering systems driven by significant producer activity and a backlog of drilled but uncompleted wells from over 90,000 gross acres of dedication.

    “Today’s announcements continue Enable’s strategy of extending our reach across the midstream value chain by significantly expanding our crude business,” said Enable Midstream President and CEO Rod Sailor. “The Velocity acquisition builds on Enable’s market-leading Anadarko Basin midstream platform that now offers customers complete wellhead-to-market solutions for both natural gas and crude. The combination of the Velocity acquisition and the expansion of our Williston Basin assets increases the scale and contribution of our crude and water businesses, providing for fee-based growth as producers continue to target crude oil production.”

    Taken together, Enable expects the two crude business expansions to generate a 2019 total capital invested to Adjusted EBITDA multiple of approximately 13 times, working down to below a 10-times multiple by 2020. These expansions are expected to be accretive to distributable cash flow per unit starting in 2019. Enable does not expect to raise common equity to finance the Velocity acquisition.

    VELOCITY ACQUISITION

    The Velocity acquisition builds on Enable’s market-leading natural gas gathering and processing infrastructure position in the prolific SCOOP and Merge plays that have attracted substantial producer activity with some of the best well economics in the country. The Velocity crude and condensate system is comprised of approximately 150 miles of pipeline capable of flowing approximately 225,000 barrels per day (bpd), along with over 400,000 barrels of owned and leased storage and 26 truck bays capable of unloading more than 100,000 bpd. Included in these assets is Velocity’s 60 percent interest in a 26-mile pipeline system joint venture with a third party that owns and operates a refinery connected to the Velocity system. Velocity’s operations are backed by large area dedications and long-term, fee-based contracts with over 2 million acres dedicated from shippers, including acreage dedications from top SCOOP and Merge producers.

    The Velocity acquisition will give Enable an integrated crude and natural gas midstream platform in the Anadarko Basin, enhancing Enable’s business development prospects, strengthening relationships with key current customers and providing the opportunity for operational synergies. Producers have dedicated additional rigs to the oil-rich SCOOP and Merge plays over the past year, and the move to pad drilling in these areas is expected to increase demand for crude oil gathering services. As the only integrated crude oil and condensate gathering and transportation system in the SCOOP and Merge plays, the Velocity system is poised for sustained growth from both new customers and the substantial drilling inventory of current customers on the system.

    Enable received early termination of the waiting period under the Hart–Scott–Rodino Antitrust Improvements Act on Oct. 19 and expects to close the Velocity acquisition on or about Nov. 1, following the satisfaction of remaining pre-closing conditions.

    WILLISTON BASIN EXPANSION

    In the Williston Basin, Enable plans to further expand its existing crude oil and water gathering systems to support volumes from over 90,000 gross acres dedicated to Enable in North Dakota’s Dunn and McKenzie counties under long-term, fee-based agreements. Subject to future drilling plans, Enable will add up to 72,000 bpd of crude oil gathering design capacity, increasing total Williston Basin crude gathering capacity to up to approximately 130,000 bpd. Enable expects to start gathering volumes associated with these system expansions in the first half of 2019, including volumes from a significant number of drilled but uncompleted wells.

    ABOUT ENABLE MIDSTREAM PARTNERS

    Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include over 13,300 miles of natural gas and crude oil gathering pipelines, approximately 2.6 Bcf/d of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 86.0 billion cubic feet of storage capacity. For more information, visit http://www.enablemidstream.com.

    FORWARD-LOOKING STATEMENTS

    Some of the information in this press release may contain forward-looking statements. Forward-looking statements give our current expectations, contain projections of results of operations or of financial condition, or forecasts of future events. Words such as “could,” “will,” “should,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include our expectations of plans, strategies, objectives, growth and anticipated financial and operational performance, including revenue projections, capital expenditures and tax position. Forward-looking statements can be affected by assumptions used or by known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed.

    A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable. However, when considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in this press release, in our Annual Report on Form 10-K for the year ended Dec. 31, 2017 ("Annual Report"), and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018 ("Quarterly Report"). Those risk factors and other factors noted throughout this press release, in our Annual Report and in our Quarterly Report could cause our actual results to differ materially from those disclosed in any forward-looking statement. You are cautioned not to place undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statement is made, and we undertake no obligation to correct or update any forward-looking statement, whether as a result of new information or otherwise, except as required by applicable law.



    Contact:
    Enable Midstream Partners, LP
    Media:
    David Klaassen, 405-553-6431
    or
    Investor:
    Matt Beasley, 405-558-4600

  17. #217

    Default Re: Enable Midstream Partners

    Enable Midstream Partners, LP ENBL, -1.43% today announced that an affiliate of Golden Pass LNG is the cornerstone shipper for the company’s Gulf Run Pipeline project. Golden Pass is a joint venture between affiliates of Qatar Petroleum and ExxonMobil. Earlier today, Golden Pass announced it had made a positive final investment decision on a $10 billion infrastructure investment to add liquification and export capabilities to its existing liquefied natural gas (LNG) facility in Sabine Pass, Texas, which will be served by the Gulf Run Pipeline project.

    https://www.marketwatch.com/press-re...ect-2019-02-05

  18. #218

    Default Re: Enable Midstream Partners

    Enable being bought by much larger Dallas based Energy Transfer.

    Wonder what this means for Enable HQ employees.

  19. #219

    Default Re: Enable Midstream Partners

    Quote Originally Posted by djohn View Post
    Enable being bought by much larger Dallas based Energy Transfer.

    Wonder what this means for Enable HQ employees.
    Well given energy transfer bought SemGroup in Tulsa, said they’d keep a Tulsa presence, then closed it anyway, I would say nothing good.

    Energy transfer isn’t a good company.

  20. #220

    Default Re: Enable Midstream Partners

    Mr Skilling tweets about energy transfer a lot. You can scroll through his stuff.

    https://twitter.com/mr_skilling/stat...807610375?s=21

  21. #221

    Default Re: Enable Midstream Partners

    Enable has about 1,700 employees, with 500 of them in the BOK Park Plaza building, their biggest tenant.

    This does not bode well for downtown or OKC in general.

  22. #222

    Default Re: Enable Midstream Partners

    Quote Originally Posted by Pete View Post
    Enable has about 1,700 employees, with 500 of them in the BOK Park Plaza building, their biggest tenant.

    This does not bode well for downtown or OKC in general.
    Field employees will transition to ET employees, I would expect the 500 in OKC get laid off or relocated to Dallas.

  23. #223

    Default Re: Enable Midstream Partners

    Yeah this is not good, especially since Enable is one of the top corporate stewards in the city. Seems like I always see them as a sponsor of whatever local event is going on.

  24. #224

    Default Re: Enable Midstream Partners

    Yeah, that's a big loss for the City. I'm sure there will be a local office, but it will be small.

  25. #225

    Default Re: Enable Midstream Partners

    Well crap. Not the news I was hoping for. The consolidation continues.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. AT&T to make major announcement regarding OKC & jobs
    By Pete in forum General Civic Issues
    Replies: 82
    Last Post: 07-02-2013, 10:08 PM
  2. Exciting Announcement from NASA today
    By HewenttoJared in forum Current Events & Open Topic
    Replies: 0
    Last Post: 09-15-2011, 10:10 AM
  3. IT jobs / Television jobs in OKC Area?
    By billinvegas in forum Businesses & Employers
    Replies: 7
    Last Post: 07-26-2007, 08:00 AM
  4. 200 well-paying tech jobs coming to Norman
    By Pete in forum General Civic Issues
    Replies: 5
    Last Post: 10-11-2005, 05:16 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO