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Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
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.
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communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s naturalgas impact fee, the state’s tax on naturalgas development, generated $164.5 Naturalgas development remains a key economic driver in Pennsylvania. Nearly $3 billion generated for Pa.
The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. ‘s portfolio through its distribution partner, ABC Companies.
(Oil & Gas 360) –Gillette, WY Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the worlds leading independent energy and commodity trading groups.
You cant live in todays modern society without the benefits of naturalgas development. Most notably, PITs cutting-edge microgrid , backed predominately by naturalgas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
Energy Information Administration said last week the number of rigs deployed to drill for naturalgas declined over the last two years. naturalgas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub naturalgas price reached a 14-year high of $6.95 After the U.S.
Houston-based Archrock, energy infrastructure company with focus on midstream naturalgas compression, said last week it is acquiring NaturalGas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
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 transportgas to both domestic and international markets, including liquefied naturalgas shipments, said Jason Feit, lead author of a new report from EIR.
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.
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transportnaturalgas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4
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?
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.
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.
Texas also produced record volumes of naturalgas in 2024 with 12.62 That tops the previous records for naturalgas production of 12.30 Tax revenue from oil and gas production is funneled into major parts of the state budget, including public education, the rainy day fund and transportation.
Naturalgas produced in Pennsylvania, Ohio and West Virginia has some of the lowest associated air emissions and water usage, according to a new peer-reviewed study from the U.S. greenhouse gas emissions. greenhouse gas emissions. naturalgas production continues to improve. greenhouse gas emissions march.
Last year, Enbridge struck a deal to buy three naturalgas utilities in the United States from Dominion Energy for a total consideration of $14 billion. The expansion of Enbridges gas business also paid off in the first quarter of the year. In the naturalgas transmission business, Enbridge sanctioned the 1.75
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.
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.
s Westcoast naturalgas pipeline 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 naturalgas pipeline.
As our nation confronts challenges over energy reliability amid historic levels of power plant retirements, Pennsylvanias naturalgas abundance and strong in-state fuel use is a model for a reliable, affordable, and cleaner grid. But naturalgas barely registers in the queue for new generation power sources.
As our nation confronts challenges over energy reliability amid historic levels of power plant retirements, Pennsylvanias naturalgas abundance and strong in-state fuel use is a model for a reliable, affordable, and cleaner grid. But naturalgas barely registers in the queue for new generation power sources.
The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Naturalgas prices also saw strong growth, with Henry Hub naturalgas averaging $14.17
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.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. The escalating global and local need for these versatile resources necessitates continuous advancements in our methods for naturalgas liquid separation.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. Akin Gump Strauss Hauer & Feld LLP is also serving as legal counsel to EOG.
The Matterhorn Express Pipeline, due to begin service in September, will significantly increase naturalgas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.
billion project spanning 216 miles, designed to enhance naturalgastransportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. For several quarters, weve highlighted significant new naturalgas demand in these areas, said CEO Kim Dang in the companys Q4 2024 earnings release.
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and naturalgas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
Total fee-based naturalgas processing volumes increased 12 percent or 760 million cfd to a record 7.2 Pipeline transportation volumes rose 6 percent to 13.2 Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two naturalgas processing plants in the Permian Basin in 3Q.
Securing this energy would: Deliver reliable domestic supplies with lower emissions, increase tax revenue and support 200,000 jobs across the UK Reduce the UK’s reliance on imported liquefied naturalgas (LNG), which carries a greenhouse gas footprint up to four times higher than gas produced from the North Sea.
BANGL transports up to 250,000 barrels per day of naturalgas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine.
Diversified announced its purchase in January for $1.275 billion (including debt) of Maverick with core assets in Permian Basin, western Anadarko and Ark-La-Tex. Diversified is a leading publicly traded energy company focused on naturalgas and liquids production, transport, marketing and well retirement.
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. On May 21 and May 23, TCEQ issued final approvals for two key facilities under Permit by Rule 106.352 for oil and gas production.
The rapid growth of naturalgas 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 Bcf/d of naturalgas.
midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export. Permian Basin: The Backbone of U.S. Production The Permian Basin remains the most productive oil and naturalgas field in the U.S.
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. What to consider as an active producer or investor in the oil sands.
6 sent a letter to Congress urging lawmakers to quickly advance energy permitting legislation to expedite naturalgas pipeline capacity. There is zero availability of firm naturalgas pipeline transportation that is needed to expand existing facilities or invest in new ones. million employees. million employees.
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, naturalgas, and naturalgas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, naturalgas, and NGLs move from production sites to storage and processing facilities. .
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.
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