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Stock impact report

WhiteWater-Led NatGas Pipeline Traverse Reaches FID [Yahoo! Finance]

Vail Resorts, Inc. (MTN) 
Last vail resorts, inc. earnings: 3/9 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
WhiteWater announced April 3 that the Traverse Pipeline reached a final investment decision. The bi-directional pipeline with capacity of 1.75 Bcf/d will move natural gas 160 miles between the Aqua Dulce Hub in South Texas to the Katy area near Houston. Traverse will have multiple connections to other WhiteWater pipelines. From the Permian, the line will connect to the Whistler, Blackcomb (in development) and Matterhorn Express pipelines, among others, according to WhiteWater. The pipeline will enable its owners to move natural gas to markets with the most demand and can therefore bring the best price, according to an analysis by RBN. Beyond the market advantage, optionality also allows midstream companies to make detours around pipeline maintenance. The price of gas at the Permian-based Waha Hub has gone below zero several times in the spring, the usual season for pipeline maintenance projects. Traverse “would give the JV's overall system a strategically valuable degree of f Show less Read more
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