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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.
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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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.
The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crude oil to downstream markets.
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.
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. ” Energy Transfer (ET) Who Are the Key Players? .”
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.
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.
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.
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 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.
spans more than 2,900 kilometers (1,802 miles), transporting up to 3.6 Separately, Enbridge confirmed it had acquired a 10% stake in the Matterhorn Express natural gas pipeline in the Permian Basin for $300 million USD, as part of its long-term growth strategy in U.S. midstream assets.
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.
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%).
Pipeline transportation volumes rose 6 percent to 13.2 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. (Jim) million boed, including 7.9
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). The ability to transport more oil efficiently will not only support higher production levels but also stabilize prices, benefiting producers and the broader economy.
The company will gain exposure to both the liquids-rich and dry gas windows, with firm transportation to premium marketsenhancing revenue predictability and price realizations. This deal now gives EOG three foundational plays: Delaware Basin, Eagle Ford, and Utica. With this acquisition, EOGs Utica footprint grows to 1.1
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.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5
April 2025 Midland, Texas New Height Energy, LLC, a growing player in the Permian Basin, has officially acquired 25 air permits from SM Energy Company, marking a significant operational expansion in Howard County , near Big Spring, Texas. Whats Included in the Transfer?
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.
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. Haynesville Basin: The Right Time to Ramp Up The Haynesville Basin, located in eastern Texas and northwestern Louisiana, has long been a critical natural gas-producing region. BP is doubling down on its U.S.
Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. In particular, the company is placing renewed emphasis on the Grand Mesa Pipeline , its flagship crude oil system serving producers in Colorados Denver-Julesburg Basin (DJ Basin).
We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Strategic Highlights In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC.
We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). These investments were primarily in the midstream NGL and refined products segments.
miles Permit Overview Permit Number: 10272 Issued to: Urban Oil & Gas Group, LLC Issued Date: May 5, 2025 Expiration Date: July 31, 2025 Commodity Transported: Gas Classification: Private Counties: Jim Wells, Kleberg, Nueces Pipeline Details Total Permitted Miles: 65.54 miles PA (Pipeline Addition): 27.00 Regulated Miles: 0.00
Completion engineers must adapt their designs to preserve injection rate per cluster , which directly impacts proppant transport and fracture geometry. Engineering Tradeoffs: Its Not Just About Pumping More While multi-well stimulations offer clear benefits, theyre not plug-and-play. BPM unless stage design is adjusted.
The transaction, expected to close in the second quarter, follows the pipelines recent startup and rapid ramp-up of operations in the Permian Basin. Devon has confirmed, however, that its contracted gas transportation capacity on Matterhorn will remain unchanged post-transaction. Key Q1 2025 Financials: Net income: $494 million (vs.
Growth Acquired Crestwood Equity Partners and Lotus Midstream Operations. billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin. The acquisitions, totaling $8.6 billion, enhanced our system capabilities and contributed to moving record volumes.
Lower transportation and processing fees expected to add $190 million in future value. Infrastructure & Cost-Saving Initiatives Lator Montney Expansion: Strategic partnership with Pembina Gas Infrastructure (PGI) funds 100% of Phase 1 Lator Infrastructure. Unlocking 35,000 40,000 boe/d , with future potential to increase to 85,000 boe/d.
Therefore, Q2 Technologies is pleased to announce our latest logistics initiative of doubling our inventory at or near our Clients assets and enhancing our transportation capabilities. Further, we have taken steps to increase our logistics process with trusted partners that allows for effectively doubling our capacity.
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. For nearly 30 years, Energy Transfer has played a major role in powering the natural gas revolution, transporting approximately 30 percent of all natural gas in the U.S. In fact, the No.
billion project spanning 216 miles, designed to enhance natural gas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. July 2024 : WhiteWater Midstream announced the Blackcomb Pipeline, a 2.5 Bcf/d capacity project connecting the Permian Basin to the Agua Dulce hub. energy demands.
MAY Energy Transfer Reports Strong First Quarter Results Energy Transfer started the year strong , reporting 13% growth in adjusted EBITDA over Q1 2023 driven by increased crude oil transportation, NGL transportation and fractionation, midstream gathering and interstate transportation volumes.
This is the kind of pride one can take when surveying the fact that more of the Permians needed infrastructure and manufacturing is happening in the Basin itself. These factors, combined with an evolving political and economic landscape, position the Permian Basin for sustained growth in the years ahead. Affinity Steel keeps growing.
midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. midstream operators are more cautious about plans for the future despite the friendliest regulatory environment they have had for five years, or ever. shale basins. DT Midstream, which late last year announced a $1.2-billion
natural gas: Permian Basin Pipeline Projects: Two major pipelines totaling 4 bcf/d capacity are being developed to transport gas from the Permian Basin to Mexicos Pacific Coast. Mexicos LNG Expansion Mexico is emerging as a formidable LNG exporter, leveraging its access to cheap U.S.
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