article thumbnail

Crescent Energy completes sale of non-operated Permian basin assets

Oil & Gas 360º

(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).

Basin 130
article thumbnail

Plains All American Pipeline acquires Black Knight Midstream in Midland Basin

Permian Basin Oil and Gas Magazine

Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tallgrass announces anchor shipper agreement for new pipeline from Permian

Permian Basin Oil and Gas Magazine

Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas 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 Target in-service date is late 2028.

article thumbnail

Devon, Ridgemont divest interest in Matterhorn Express natural gas pipeline

Permian Basin Oil and Gas Magazine

percent interest in Matterhorn Express, 510-mile natural gas pipeline that ships Permian Basin gas 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. There also are two laterals in Midland Basin of 85 and 50 miles.

article thumbnail

Oil and Gas Explorers Focus on Near-Field Plays

OilPrice

Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.

Field 205
article thumbnail

Coterra Says Constitution Talks Back On; May Add $50M to Marcellus

Marcellus Drilling News

Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas 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:

article thumbnail

Already Gone - Is the Permian Basin Already Out of Natural Gas Takeaway Capacity?

RBN Energy

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.

Basin 88