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percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). The post ONEOK acquires remaining 49 percent interest in Delaware Basin JV appeared first on Permian Basin Oil and Gas Magazine. The deal includes $410 million in ONEOK common stock.
June 2025 WBI Midstream LLC, a subsidiary of WBI Energy and part of the MDU Resources Group, has officially acquired the Longhorn Gathering & Transmission System from Enerfin Resources II-92 , adding a strategic 116-mile pipeline footprint across Archer, Clay, and Wichita Counties in Texas. What’s Included in the Deal?
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 Permian Basin is best known as the beating heart of U.S. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5
Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market. It’s now the largest pure-play oil company in the Delaware Basin (Texas/New Mexico). 1762 in 2025.
Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries. Hess Bakken Investments, a Hess subsidiary, operates about 483 producing wells in the Williston Basin in which Continental owns a working interest.
With this new infrastructure, NEH Midstream LLC, New Era Heliums wholly owned subsidiary, aims to minimize methane emissions, positioning its production for RSG certification and enhancing the value of its helium as RSH , a designation trademarked by the Company. ” About New Era Helium, Inc. New Era Helium, Inc.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Chris Chandler, COO, said of the Black Knight asset, Its in the absolute core of the northern Midland Basin. The $55 million deal closed May 1.
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. These areas are cornerstones of the Delaware Basin, where associated gas volumes continue to surge alongside crude output.
Whiptail Midstream says its oil and gas gathering systems in the San Juan Basin played a role in supporting the growth of its producer customers in the Gallup oil play, and MPLXs ownership will allow for continued investment and growth of the system as activity continues.
is charging ahead with its strategy to enhance midstream performance and integrated growth, announcing major new developments during its Q1 2025 earnings call on April 25. It will gather and process natural gas from both the Midland and Delaware basins. Phillips 66 Co.
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. The Bigger Picture: Permian Growth Continues Targa has been executing a basin-wide buildout of gas infrastructure. miles Regulated Miles: 102.84 Unregulated Miles: 238.12 8″ 9.62
The Permians Midland and Delaware basins have seen their share of midstream success stories the past few years many of them privately backed efforts to gain a foothold and then expand into the big time. Navitas Midstream Partners (later sold to Enterprise Products Partners) comes to mind; so do Oryx Midstream and Brazos Midstream.
Houston-based Archrock, energy infrastructure company with focus on midstream natural gas compression, said last week it is acquiring Natural Gas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower.
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.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Your participation makes a real difference.
Dallas-based Matador Resources and affiliate San Mateo Midstream last week announced startup of an expansion of San Mateos Marlan cryogenic natural gas processing plant in Delaware Basin. The companys midstream system now has a total gas processing capacity of 720 million cfd in Eddy and Lea counties.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. miles northeast of Mentone, TX, this facility sits in the heart of the Delaware sub-basin. Morely Hamilton CTB and SWD Permit #145807 – Situated ~2.0
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. According to the agency, the Eagle Ford Basin is the leading contributor to that downward revision, with the Permian Basin also playing a key role. In its latest June 2025 Short-Term Energy Outlook , the U.S.
Theres a lot to like about the Uinta Basins waxy crude, but ramping up its production and use in refinery feedstock slates will require multimillion-dollar investments in rail terminals, special rail cars, heated storage, refinery equipment and other midstream and downstream infrastructure.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Conference Dates: August 17–20, 2025. Benefitting IN!
Project Update: Prince Rupert Gas Transmission (PRGT) Pipeline Clears Key Regulatory Hurdle The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue.
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.
Houston-based Northwind Midstream Partners said last week it has constructed and placed into service 150 million cfd of high-circulation amine capacity, two acid-gas disposal and carbon sequestration wells, more than 200 miles of large-diameter pipelines, and 41,750 horsepower of compression at five compressor stations.
Horizontal Drilling in Legacy Rock Blackbeard is proving that the Central Basin Platform still holds significant potential. Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.
As environmental oversight tightens and sour-gas drilling intensifies, Tejon Treating & Carbon Solutions stands at the nexus of infrastructure development , environmental compliance , and market access for Midland Basin producers.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
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. At the cryogenic processing plant, expansion will increase processing capacity to 600 MMcfd.
The midstream energy sector is undergoing a transformative shift. This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. “The producers in the Permian Basin need it desperately. Why the Permian?
Spirit O&G’s acquisition marks a strategic move into mature Permian Basin acreage , consistent with its proven model of optimizing legacy production assets. The PBR status and Permian Basin location make it a strategic fit for Spirit’s PDP-focused operating model. miles on US-87 N, turn right, continue 0.4
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Sources are cited in brackets.
Chevron Layoffs May 2025 Update Company : Chevron (NYSE: CVX) Total Layoffs in Texas : ~800 employees Location : Midland County, Texas core to Chevron’s Permian Basin operations Effective Date : July 15, 2025 Context : Part of Chevron’s plan to reduce up to 20% of its global workforce by end of 2026. shale operations.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. 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.
On April 1, 2025, WaterBridge officially launched an open season to support the development of its new Speedway Pipeline , a dual 30-inch produced water system designed to address rising pore pressure and enhance flow assurance in the Northern Delaware Basin. million bpd of produced water across 2,400 miles of pipeline in major U.S.
As we discuss in todays RBN blog, the U.S. Supreme Court ruled last week that under the all-important National Environmental Policy Act (NEPA) of 1969, its up to regulators to set the boundaries of their environmental review and that courts should defer to their judgment as long as they fall within a broad zone of reasonableness.
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. While it lacks the scale of the Permian or Eagle Ford, the DJ offers operators attractive breakeven costs, strong midstream infrastructure, and a strategic position for gas-weighted growth.
The Permian Basin continues to solidify its role as the driving force behind U.S. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. Expansion of sour gas treating facilities in the Delaware Basin. oil and gas production.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Cube Development : Simultaneous multi-zone drilling across Bone Spring and Wolfcamp intervals, optimizing recovery.
Over the past decade, we’ve seen techniques like Simul-Frac and Triple Frac become standard tools to accelerate completions. But now, Chevron is taking the next step—not just in how fast we frac, but in how smartly we do it. Chevron is building a hybrid shale model —fast when the rock allows, smart when it doesn’t.
Shell is reportedly exploring a blockbuster takeover of its British rival BP, according to a Bloomberg report citing sources close to the matter. While no formal bid has been made, Shell is said to be working with advisors and monitoring BPs sliding stock performance before making a move. The timing is notable.
In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Inventory Quality: Vast amounts of undeveloped, high-quality acreage remain.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. The recent acquisition in the Midland Region further strengthens its presence in the Permian Basin, a critical area for U.S. domestic energy production. billion acquisition of Marathon Oil by the end of the year.
The Permian Basin, the beating heart of U.S. shale oil production, is experiencing a notable contraction in drilling permit activity this spring. This reflects operator strategies prioritizing cash flow over production growth, especially as many have already harvested their highest-return inventory.
midstream assets. EVP of Liquids Pipelines Colin Gruending stated that the company had seen mixed signals from Permian producers but emphasized the basin’s strategic importance. The program aims to provide up to $10 billion in guarantees for such investments. Previous agreements include a C$1.12
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