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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). Delaware Basin JV owns naturalgas 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.
percent interest in Matterhorn Express, 510-mile naturalgaspipeline that ships Permian Basingas from Waha hub to Wharton and Katy. After closing, Whitewater will own 65 percent interest and operate the pipeline, and MPLX and Enbridge will each own 10 percent. billion cfd of contracted capacity.
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?
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. A recent Pipeline Addition (PA) approved by the Railroad Commission of Texas highlights just how aggressively Targa is scaling infrastructure to match soaring gas production. 8″ 9.62
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.
s Westcoast naturalgaspipeline 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 naturalgaspipeline.
Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for naturalgas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its first quarter 2025 update last week. There was a lot of news coming from the update. However, two things stood out for us:
After a record run of negative pricing last spring and summer, the Permian Basin collectively cheered as WhiteWaters Matterhorn Express pipeline began flowing last October, bringing much-needed takeaway capacity to the area.
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
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport naturalgas 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
Naturalgas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transport gas to both domestic and international markets, including liquefied naturalgas shipments, said Jason Feit, lead author of a new report from EIR.
Energy Information Administration said last week naturalgaspipeline capacity increased by 17.8 Total pipeline capacity of interstate and intrastate additions surpassed the previous years additions for the second straight year. Bcfd of naturalgas from Permian Basin to Katy. Bcfd in 2024.
(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. naturalgas production and 500 barrels per day of U.S. naturalgas liquids production in the first quarter in response to weak prices. to be $2 per thousand cubic feet (Mcf) and $4.15
marketed naturalgas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest NaturalGas Monthly. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. naturalgas output.
The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from naturalgas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power.
naturalgas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian Basin in West Texas. That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices [Read more]
(Oil Price) –Canadas pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline pipeline system in North America. The expansion of Enbridges gas business also paid off in the first quarter of the year.
(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. Since 95% of the world’s helium is produced alongside naturalgas, NEH sees a major opportunity to lead the industry in both reducing emissions alongside creating Methane Performance Certificates (MPCs), similar to carbon credits. New Era Helium, Inc.
Dallas-based Vaquero Midstream, naturalgas 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.
As data centers and power plants are grappling with rising electricity demand fueled by AI technologies, naturalgas is emerging as the primary energy source of this digital revolution. The naturalgas supply is expected to generate approximately 1.2 Why NaturalGas?
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.
naturalgas prices for Monday in the Permian shale basin in West Texas turned negative as spring pipeline maintenance and other constraints trap gas in the nation’s biggest oil-producing basin. Financial firm LSEG said average gas output in the Lower 48 U.S. states fell to 103.9
(World Oil) – Woodside has signed an agreement with bp for the integrated energy major to supply naturalgas to the Louisiana LNG project. Woodsides CEO Meg ONeill said the agreement marks another milestone for the Louisiana LNG project.
The Matterhorn Express Pipeline, due to begin service in September, will significantly increase naturalgaspipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.
HOUSTON–(BUSINESS WIRE)–Woodside has signed an agreement with bp for the integrated energy major to supply naturalgas to the Louisiana LNG project. Woodsides [Read more]
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025.
May 27, 2025 The Hugh Brinson Pipeline, a major naturalgas infrastructure project led by Energy Transfer LP , continues to move forward as key regulatory approvals are secured. Developer : Energy Transfer LP via its affiliate Hugh Brinson Pipeline LLC. Estimated Investment : $2.7 Target Operational Date : Q4 2026.
The Marcellus/Utica region is by far the most prolific naturalgas production area in the U.S., The shale play experienced phenomenal growth in the 2010s, its gas production rising from less than 2 Bcf/d to more than 33 Bcf/d over that decade. accounting for about one-third of the nations daily output.
The Permian is experiencing its first naturalgas problem. Gas production is starting to exceed pipeline capacity exiting the Permian, and in-basin prices are falling as a result.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for naturalgas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
6 sent a letter to Congress urging lawmakers to quickly advance energy permitting legislation to expedite naturalgaspipeline capacity. IECA stated that when there is inadequate pipeline capacity, manufacturing companies are always the first to be curtailed at significant costs. million employees. million employees.
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.
Findlay, Ohio-based MPLX said recently it agreed to acquire the remaining 55 percent interest in BANGL pipeline system from affiliates of Midlands Diamondback Energy and WhiteWater for $715 million. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine.
naturalgas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy.
Kinder Morgan has unveiled plans to construct the Trident Intrastate Pipeline, a $1.7 billion project spanning 216 miles, designed to enhance naturalgas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. The pipeline will have a capacity of 1.5 Bcf/d capacity project.
Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y.
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. miles of naturalgas gathering pipelines across Jim Wells, Kleberg, and Nueces counties. miles PA (Pipeline Addition): 27.00 Regulated Miles: 0.00
After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational and it could mark a turning point for Canadas naturalgas industry. billion in provincial naturalgas royalties over the next three years (up from just $600 million last year). Kitimat, B.C.
equity stake in the Matterhorn Express Pipeline for approximately $375 million. The transaction, expected to close in the second quarter, follows the pipelines recent startup and rapid ramp-up of operations in the Permian Basin. WhiteWater will retain operational control of the pipeline. Devon Energy Corp.
The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest naturalgas producer in the country by output. Meanwhile, a new LNG terminal in British Columbia is set to boost naturalgas demand. In March, Synergy Land Services Ltd.
Several large, publicly held midstream companies play critical roles in transporting crude oil, naturalgas 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. Gas-Weighted Play: Strong economics tied to growing LNG demand and export potential.
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.
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