Replies to post #337 on Anadarko Petroleum Corporation (APC)

[benfrankledger]

$COP $APC $RRMS $SEMG $BBG $NBL U.S. shale producers ConocoPhillips (NYSE:COP), Anadarko Petroleum (NYSE:APC) unit Kerr McGee Oil & Gas Onshore, Noble Energy (NYSE:NBL) and Bill Barrett (NYSE:BBG) ask U.S. regulators to reject White Cliffs pipeline’s application to charge market-based rates for shipments from Platteville, Colo., to the storage hub at Cushing, Okla.

The companies say White Cliffs’ application to the FERC is based on an “overly broad” classification of the market and that if allowed to charge market-based rates, it would leaved shippers “basically powerless to resist.”

Kerr McGee and NBL are shippers of crude oil on the White Cliffs system, BBG supplies crude oil produced in the DJ Basin to shippers on the White Cliffs system and is a potential shipper, and COP is a DJ producer and positioned to use the White Cliffs system either as a shipper or a supplier to shippers.

White Cliffs is a joint venture that is majority-owned and operated by Rose Rock Midstream (NYSE:RRMS), a unit of SemGroup (NYSE:SEMG); the system is undergoing an expansion that will increase the capacity from 185K bbl/day to 215K bbl/day by mid-2018.