Jeff Jorgensen is portfolio manager, managing director and the director of research on energy infrastructure equities — Brookfield Asset Management’s public securities group. Hinds Howard  is an associate portfolio manager with CBRE Clarion Securities and is responsible for evaluating listed master limited partnerships and energy infrastructure companies in North America. In addition, he has been the author of MLPguy since 2009, offering weekly commentary and items of note related to the MLP marketplace. i3 senior editor, Drew Campbell, asked Jorgensen and Hinds about North American midstream energy markets.

What is the current state of the midstream energy market in North America?

Howard: Midstream fundamentals right now are very positive. Production is at record levels for oil, NGLs, natural gas, and activity is not only happening in West Texas. Location spreads are wider than they have been for oil and NGLs in se