Morgan Stanley likely to benefit from Magnum Hunter pipeline sale
Wednesday, August 19, 2015
Once Magnum Hunter sells its interests in the Eureka Hunter Midstream pipeline, its partner, Morgan Stanley Infrastructure, will benefit from the sale.
Columbus Business First reports that Morgan Stanley will earn about $50 million once the pipeline is sold. In the long run, Morgan Stanley may benefit again since Magnum Hunter committed to 36 percent of the pipeline’s input and output.
In September, Morgan Stanley took co-control of the Eureka Hunter pipeline. The firm currently owns 53 percent of the pipeline, while Magnum Hunter owns 45.53 percent.
Via: Columbus Business First > Magnum Hunter pipeline partner Morgan Stanley likely to benefit from sale
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.