Oil and Gas Companies Selling Midstream Assets

The latest trend in the oil and gas industry to stem the lost of cash flow resulting from low oil prices is to sell off midstream assets, including companies that transport, process and store petroleum. Anadarko Petroleum, Devon Energy , Antero Resources , Chesapeake Energy and QEP Resources join the growing list of companies that have spun off or sold midstream assets.  Other companies are significantly reducing capital outlay, announcing large layoffs and some like, Dune Energy have declared bankruptcy.