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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 natural gas 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.
(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.
(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.
NGCS is a provider of natural gas compression equipment and services used in production and transportation of natural gas. By deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. million horsepower.
“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. Yacob, Chairman and CEO of EOG. per share, payable October 31, 2025. CPP manages net assets of $26.4
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.
The Permian Basin continues to be a driving force behind U.S. 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. This synergy allows for lower-cost crude transportation and higher margins.
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.
continues to refine its operational strategy with a focus on optimizing efficiency and profitability across its core operating regions. One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra Energy Inc. What Are Row Developments?
Founded in 2020, Cowboy Clean Fuels converts readily available agricultural byproducts into carbon dioxide and renewable methane using a natural biogenic process in deep geologic coal formations, leveraging existing Coal Bed Methane (CBM) infrastructure in the Powder River Basin. We are thrilled to be their go-to-market partner.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. Crude oil and NGL volumes are rising , driving more demand for transportation and processing. Their strategy of integrating pipelines, processing plants, and export facilities ensures they remain a key player in Permian Midstream operations.
As unconventional oil and gas development matures, operators continue to push the envelope in completion design and execution. Operational Efficiency Meets Fracture Control The immediate appeal of multi-well stimulation is clear: lower operating costs and faster pad execution. BPM unless stage design is adjusted.
The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent. and Alberta, a supply gap will become apparent over the next couple of years.
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. It also unlocks $150 million in expected first-year synergies through operational and financing efficiencies. EOG is funding the transaction with $3.5
Enbridge operates the Mainline system, moving more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. million barrels per day, illustrating its critical role in the transportation of oil to key demand centers, the company said. billion (C$2.2
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% per share based on the closing price of Viper common stock on June 2, 2025. billion which equates to less than 1.0x
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. Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%.
Vertical Integration for Operational Efficiency U.S. 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. With expected crude oil output increasing to 6.6
Ballymore is expected to produce up to 75,000 gross barrels of oil per day through three wells tied back three miles to the existing Chevron-operated Blind Faith facility. Chevron is a leading leaseholder in the Gulf and continues to actively pursue opportunities for growth in the basin. Malo 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.
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.
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 natural gas and liquids production, transport, marketing and well retirement.
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
But while were dazzled by its seamless operation, most of us overlook whats behind AI that makes it all possible. The pipeline will deliver natural gas from the Permian Basin to major markets and trading hubs throughout Texas. That unsung hero is energy and lots of it. Why Natural Gas?
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?
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.
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.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
The collaborationamongthe three companies would leverage in-basin natural gas production, advanced energy generation via fuel cell technology, and infrastructure financing to create a highly efficient, scalable, and sustainable energy solution tailored for the rapid expansion of data center power capacity requirements. and DANBURY, Conn.
The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc., spans more than 2,900 kilometers (1,802 miles), transporting up to 3.6 Enbridge executives say partnerships like these are increasingly essential for aligning with Indigenous interests and ensuring community support for energy development. midstream assets.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive?
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. This permit, effective until July 31, 2025, authorizes the company to operate 65.54 miles of natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties.
operators are embracing strategic partnerships, low-carbon innovation, and diversified energy solutions to meet rising demand from hyperscalers and industrial tech players. The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing. .” What separates us is our flexibility.
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. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities. energy production growth.
Project Overview: Hugh Brinson Pipeline The Hugh Brinson Pipeline, previously referred to as the Warrior Pipeline, is designed to transport natural gas from the Permian Basin to key downstream markets in Texas and Louisiana. Target Operational Date : Q4 2026. Bcf/d based on demand. Estimated Investment : $2.7
For every barrel of oil extracted in the Permian Basin, one report estimates that operators typically generate between 4-10 barrels of produced water—resulting in an estimated 3.9 However, when injection operations impact nearby productive formations, the legal consequences can be substantial and the lawsuits complex.
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.
Its also enhancing the broader Neighborhood 91 Area the Allegheny County Airport Authority (ACAA)s manufacturing campus by readying the site as a hub for alternative transportation fuels, including Sustainable Aviation Fuel and Compressed Natural Gas.
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%).
With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. Lower transportation and processing fees expected to add $190 million in future value.
There is zero availability of firm natural gas pipeline transportation that is needed to expand existing facilities or invest in new ones. The manufacturing sector is especially vulnerable along the entire East Coast from Georgia to New York. trillion in annual sales, more than 12,000 facilities nationwide, and more than 1.9
With strong operational momentum, the company delivered above-guidance production and implemented early phases of its business optimization strategycutting capital while maintaining output. Devon delivered a strong first quarter, driven by operating excellence and financial discipline, said CEO Clay Gaspar.
Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out. Also invested $1.6
Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, Vice President of Chevron Gulf of America. owning the remaining 40%.
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