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Crescent Energy completes sale of non-operated Permian basin assets

Oil & Gas 360º

(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).

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Tejon completes Phase II expansion of Mongoose plant in Mitchell County

Permian Basin Oil and Gas Magazine

Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.

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Canadian First Nations to Acquire $511 Million Stake in Enbridge's Westcoast Pipeline

Rextag

s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.

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Tallgrass announces anchor shipper agreement for new pipeline from Permian

Permian Basin Oil and Gas Magazine

Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Pipeline capacity is designed for up to 2.4 Target in-service date is late 2028.

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Plains All American Pipeline acquires Black Knight Midstream in Midland Basin

Permian Basin Oil and Gas Magazine

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.

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Other Stories of Interest: Tue, Mar 18, 2025

Marcellus Drilling News

MARCELLUS/UTICA REGION: Delaware Basin fracking ban based on junk science; Seneca Resources donates truck to Tioga County emergency responders; OTHER U.S.

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Phillips 66 completes deal for EPIC NGL assets, including pipeline from Permian

Permian Basin Oil and Gas Magazine

Houston-based Phillips 66 said last week it completed the previously announced acquisition of EPIC Y-Grade GP and EPIC Y-Grade for $2.2 The post Phillips 66 completes deal for EPIC NGL assets, including pipeline from Permian appeared first on Permian Basin Oil and Gas Magazine.