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Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Gas Forecast One of the most significant adjustments in the June forecast was a 700 MMcf/d reduction in the EIA’s 2026 U.S.
Vaquero Permian Gathering LLC—under the larger Vaquero Midstream banner—is strengthening its Pipeline Addition (PA) footprint with a significant 76 miles of new high-pressure loop pipe, fully detailed in Permit #09432. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi. Keyera Corp. announced a definitive agreement to acquire substantially all of Plains All American Pipeline’s Canadian natural gas liquids (NGL) business, along with select U.S. billion (US$3.76 About Keyera Corp.
DT Midstream (NYSE: DTM) reported strong Q1 2025 results, highlighting not only solid financial performance but also a clear long-term growth strategy anchored in the rising global demand for liquefied natural gas (LNG). LNG export market expanding rapidly , DT Midstream is in a prime position to capitalize. With the U.S.
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. Elliott wants Phillips 66 to sell off or split the midstream business and focus only on refining. (Oil Price) –U.S. Elliott, which has an investment worth more than $2.5
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
Goal: $1B in annual pre-tax FCF uplift by 2026. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Natural Gas Power Play With U.S. LNG and AI-driven energy demand rising, Devon is leveraging its gas position. Final Thought Devon is executing with precision.
is poised to become the world’s top LNG exporter by 2026. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Long-term contracts with investment-grade buyers like Chevron add credibility and bankability. Broader Natural Gas Market Implication The U.S.
In general, this strength has been led by more defensive pockets of the sector (large cap producers, majors, midstream) and natural gas. Several small and mid-cap oil producers posted weak results and soft 2025 (or 1Q) guidance, in some cases due to inventory degradation and operational noise.
He also served as CFO of Altus Midstream. Larry Larsen Williams announced April 24 that Larry Larsen has been appointed Executive Vice President and Chief Operating Officer (COO), overseeing all aspects of the companys transmission, storage and gathering and processing operations, effectiveMay 3. Steven Williams Enbridge Inc.
positions itself as the top global LNG exporter by 2026, Chevron’s investments signal long-term bullishness on LNG. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. The company sees U.S. natural gas exports as critical to long-term energy security.
The layoffs, scheduled to take effect on July 15, 2025 , are part of a broader plan to reduce the companys global workforce by up to 20% by the end of 2026. Strategic Pressures Chevron is cutting costs and streamlining operations globally. shale operations. This workforce reduction comes amid mounting pressure on the oil major.
With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. ” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. Pipeline & processing infrastructure operates on take-or-pay agreements.
“Argentina LNG is a large-scale integrated, upstream and midstream gas development project designed to develop the resources of the onshore ‘Vaca Muerta’ field and serve international markets”, Eni added. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
Valero continues to evaluate strategic alternatives for its remaining operations in California. In connection with the evaluation of strategic alternatives for Valeros operations in California, a combined pre-tax impairment charge of $1.1 Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments.
We also saw strong performance in interstate natural gas transportation volumes (up 3% – a new Partnership record), crude oil transportation volumes (up 10%), NGL transportation volumes (up 4%), NGL and refined products terminal volumes (up 4%), NGL exports (up 5%) and midstream gathered volumes (up more than 2%).
During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. energy production.
DT Midstream (NYSE: DTM) is charging into the future with a bold, self-funded investment plan designed to meet surging demand from LNG exports, natural gas-fired power plants, and even data centers. All of this is being built without relying on new debt , using cash flow from existing operations.
Dallas-based Vaquero Midstream, natural gas gathering and processing midstream company operating in the Delaware Basin, said last week it will expand its existing gathering system in west Texas. Its expected to be in service by March 2026.
April 22, 2025 In a strategic move to reinforce financial resilience and enhance shareholder returns, Devon Energy has unveiled a comprehensive business optimization plan targeting $1 billion in annual pre-tax free cash flow improvements by the end of 2026.
On May 1, 2025 , the Railroad Commission of Texas (RRC) issued a significant new permit to WWM Operating, LLC , authorizing operations for the Traverse Pipeline a major gas transmission project set to enhance energy transport capacity across multiple South Texas counties.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
April 30, 2025 Comstock Resources (NYSE: CRK) has released its Q1 2025 earnings, showcasing a confident return to growth, operational efficiency, and a focused expansion strategy in the Haynesville shale. Midstream CapEx: $48.7M billion to fund its Haynesville development plan and midstream infrastructure build-out.
After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational and it could mark a turning point for Canadas natural gas industry. This “chill-down” phase is one of the final steps before the terminal becomes fully operational.
Sharpening operational efficiency, maximizing returns, and strategically adjusting to a lower-margin environment. Our resilient portfolio, strong balance sheet, and consistent focus on capital and cost discipline position us to deliver industry-leading free cash flow growth by 2026. The emphasis?
The company recorded 266 drilling operations in Q1 2025, marking a 9% increase from 244 in Q1 2024 Oil Gas Leads. Operational Highlights Cenovus maintained a steady rig count of 19 in Q1 2025, demonstrating consistent operational capacity Oil Gas Leads. Cenovus Energy Inc.
The transaction will create a leading Canadian light oil and condensate producer, with a dominant position in the Alberta Montney and Duvernay formations, as well as significant operations in Saskatchewan. by year-end 2026. Oil & Gas Marketing Lists Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
This surge in output has frequently led to capacity constraints, with operators facing choices like flaring gas, paying to dispose of it during negative pricing events, or cutting crude production. The recent launch of the Matterhorn Express Pipeline, developed by a joint venture led by WhiteWater Midstream, offers some relief.
Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. These initiatives are progressing and will drive substantial growth once operational. July 2024 : WhiteWater Midstream announced the Blackcomb Pipeline, a 2.5 It is scheduled for completion in late 2026.
midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. Firms have announced in recent months new pipeline projects, but many others have preferred to buy operating assets in deals with competitors or with private equity companies to expand their pipeline infrastructure.
The first phase is expected to begin operations this year, with a second 1.85 Qatar will lead the regions expansion, accounting for over 65% of capacity additions with its North Field East, North Field South, and North Field West projects, adding 32 mtpa by 2026. bcf/d LNG Canada facility in Kitimat, British Columbia. mtpa by 2030.
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