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natural gas companies in the Marcellus/Utica, including Ascent Resources, CNX Resources, EQT Corporation, Equitrans Midstream Corporation (now part of EQT), Expand Energy Corporation, MPLX, and Seneca Resources. The post Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin first appeared on Marcellus Drilling News.
Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The new MarkWest, aka MPLX, plays on a much larger stage now, including the ownership and operation of major assets in the Permian Basin.
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.
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.
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. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc.
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.
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.
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.
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.
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.
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.
The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Strategic Importance The Hacksaw Terminal plays a crucial role in EVX Midstream’s strategy to provide integrated midstream solutions in the Eagle Ford region.
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.
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.
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?
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.
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.
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.
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.
Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.
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. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.
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.
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.
Albert Operator List Drayton Valley Operator List Oil & Gas Midstream Account List BC Oil & Gas Operator List Grande Prairie Oil & Gas Operator List US Oil & Gas Companies Western Canada Oil & Gas Operators Rocky Mountain Region Oil & Gas Utica – Marcellus Shale Plays Bakken Shale Play Account List Canadian basins: (..)
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 debt it will assume from Marathon Oil.
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. Kimmeridge projects this basin to move into third place in well economics over the next decade.
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Based on recent permit and rig activity data, the industry saw an 18.9% increase in drilling records compared to the same period in 2024. 96 records OXY USA Inc.
Avigal Soreq, president, said May 7, Delek Logistics started 2025 on a strong note, enhancing our position as a premier midstream provider in the Permian Basin. We provided the best combination of yield and growth in the midstream sector with a long runway of growth driven by its advantageous position in Midland and Delaware basins.
ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. 600 million in non-core asset sales , primarily in the Southern Delaware Basin.
Crude-oil-focused drilling and completion in the Permian Basin is generating fast-increasing volumes of associated gas and creating opportunities for midstream companies that provide wellhead-to-water services for natural gas and NGLs. The companies also are working together on a new LPG export terminal and more.)
Phillips 66 also saw weaker refining margins, particularly in the Gulf Coast and Atlantic Basin, though its $796 million in Q1 net income was buoyed by solid midstream and chemical performance. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
The Gravity acquisition represents another significant step in DKL's commitment of being a full suite crude, gas and water midstream services provider in the Permian Basin'.
ConocoPhillips is reportedly preparing to sell its oil and gas assets in Oklahomas Anadarko Basin, aiming to raise over $1 billion as part of a broader divestment strategy. The assets, acquired through the $22.5 Oil & Gas Dirctory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids, Rix said. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs. midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export.
The Permian Basin continues to reshape its operator landscape. Meanwhile, USEDC is in full expansion mode , committing up to $1 billion in Permian investments this year75% of that capital targeting the Delaware Basin , which includes Reeves County. Infrastructure and midstream access are robustmaking it ideal for scaled development.
(Jim) Teague, co-CEO, said April 29, During the first quarter of 2025, Enterprise continued to benefit from Permian driven volume growth and consistent domestic and international energy demand pull across our midstream infrastructure system.
Midstream developers have complained for decades that federal courts reviewing agency approvals for their infrastructure projects have cast too wide a net that is, instead of requiring agencies to simply analyze the specific environmental impacts of the project in question, the courts have been insisting regulators also examine the effects of the (..)
In its latest natural gas pipeline projects tracker, EIA said major projects in Permian, Eagle Ford in south Texas, Appalachia and Haynesville included Matterhorn Express pipeline operated by Whitewater Midstream that can deliver up to 2.5 Bcfd of natural gas from Permian Basin to Katy. Bcfd of natural gas to Corpus Christi.
The project is a joint venture under the Blackcomb Pipeline JV , backed by: WhiteWater Midstream / Enbridge / MPLX LP (70%) Targa Resources Corp. Traverse Pipeline, LLC is a key developer in Texas’ expanding gas infrastructure landscape.
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