Midstream Companies Spending Big in 2013
With the overall capital expenditure spending in the U.S. oil and gas industry set to jump 10% in 2013 despite the E&P sector's capex looking flat for the year, where is all this spending coming from? In this video, Motley Fool energy contributor Tyler Crowe talks with energy analyst Joel South about several major midstream pipeline projects that will be undertaken this year and which companies are involved and tells us why this is exactly what U.S. energy needs right now.
The surge in oil and natural gas production from the fracking movement is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates an immensely profitable opportunity for midstream companies. Energy Transfer Partners is a company that helps alleviate the gluts in supply with its 23,500 miles of transformational pipelines. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you're invited to check out The Motley Fool's premium research report on the company. Simply click here now for our thorough expert analysis of this midstream.
The article Midstream Companies Spending Big in 2013 originally appeared on Fool.com.Joel South and Fool contributor Tyler Crowe have no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.