Remove Basin Remove Natural Gas Remove Utilities
article thumbnail

Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

Oil & Gas 360º

(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. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

Basin 130
article thumbnail

Waha prices expected to go negative (again)

Enverus

Natural gas 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 natural gas shipments, said Jason Feit, lead author of a new report from EIR.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pipeline Acquisition Alert: WBI Midstream Expands Texas Footprint with 116-Mile System from Enerfin

Oil Gas Leads

The system comprises a blend of natural gas gathering and transmission assets: 116.027 total permitted miles 105.19 Why It Matters This move signals WBI Midstream’s deeper commitment to Texas —a region seeing renewed interest due to low-cost natural gas production, infrastructure consolidation, and growing regional demand.

article thumbnail

New Era Helium receives approval for approximately 120 miles of rights-of-way to support midstream business unit and responsibly sourced gas initiatives within the Pecos Slope, Permian Basin

Oil & Gas 360º

(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. Since 95% of the world’s helium is produced alongside natural gas, 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.

Midstream 130
article thumbnail

Enbridge tops Q1 profit estimates on record mainline crude volumes

Oil & Gas 360º

Last year, Enbridge struck a deal to buy three natural gas 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 natural gas transmission business, Enbridge sanctioned the 1.75

BCF 130
article thumbnail

Targa’s Pipeline Addition: Expanding Capacity in the Permian’s Core Counties

Oil Gas Leads

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.

article thumbnail

Texas produced record volumes of crude oil, natural gas in 2024

Permian Basin Oil and Gas Magazine

Texas also produced record volumes of natural gas in 2024 with 12.62 That tops the previous records for natural gas 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. trillion cubic feet.