Midstream assets, specifically pipelines and processing centers, play a crucial role in America's energy future. The industry is growing rapidly and may play a crucial role in the future of your portfolio. There are many companies to keep an eye on, and it's an industry worth watching. Despite the holiday, there was plenty of news this week; here's a recap of the highlights and lowlights.
Kinder Morgan Energy Partners
Getting approval won't be easy given how unpopular pipelines are right now. Most of the oil headed to the Trans Mountain comes from Alberta's oil sands, increasing the likelihood that environmental opposition will stall, or completely stymie, the company's plan.
We can build this dream together
That only leaves one more permit to acquire before construction can begin. That permit process has been delayed, as the Fort Worth Army Corps office has requested more information from TransCanada. Eventual acceptance is expected.
Another pipeline IPO
The Marathon family of companies continues to grow. After Marathon Oil
The company is seeking an IPO on the New York Stock Exchange and plans to sell common units worth $365 million.
Midstream is where it's at, folks. The energy industry will spend an estimated $130 billion to $210 billion expanding natural gas infrastructure over the next 20 years. After all, the more oil and gas that flows through those pipelines and processing centers, the more cash there is to flow into your pockets. Stay on top of all the midstream action by adding the companies above to My Watchlist.
Fool contributor Aimee Duffy doesn't own shares of the companies mentioned in this article. If you have the energy, check out what she's keeping an eye on by following her on Twitter, where she goes by @TMFDuffy.
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