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TXOGA reports record natural gas production in Texas in 2025

Permian Basin Oil and Gas Magazine

Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 billion cfd of dry natural gas – supplying 11.8 marketed natural gas production. billion cfd. million b/d. billion cfd.

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ONEOK acquires remaining 49 percent interest in Delaware Basin JV

Permian Basin Oil and Gas Magazine

percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.

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Devon, Ridgemont divest interest in Matterhorn Express natural gas pipeline

Permian Basin Oil and Gas Magazine

percent interest in Matterhorn Express, 510-mile natural gas pipeline that ships Permian Basin gas from Waha hub to Wharton and Katy. There also are two laterals in Midland Basin of 85 and 50 miles. Oklahoma City-based Devon Energy and Ridgemont Equity Partners last week divested their 12.5

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EIA: Gas storage capacity increased in 2024 in U.S., declined in South Central

Permian Basin Oil and Gas Magazine

Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. The post EIA: Gas storage capacity increased in 2024 in U.S.,

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EIA: Rigs deployed to drill for natural gas in U.S. decline last two years

Permian Basin Oil and Gas Magazine

Energy Information Administration said last week the number of rigs deployed to drill for natural gas declined over the last two years. natural gas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub natural gas price reached a 14-year high of $6.95 After the U.S.

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Archrock acquires NGCS to expand compression assets in Permian Basin

Permian Basin Oil and Gas Magazine

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. million horsepower.

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Producers Midstream targets 2026 for Palo Duro pipeline from Nolan County

Permian Basin Oil and Gas Magazine

It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a 275-mile, high-pressure natural gas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin.