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(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).
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.
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.
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.
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.
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:
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.
Dallas-based Vaquero Midstream, natural gas gathering and processing midstream company operating in the Delaware Basin, said last week it will expand its existing gathering system in west Texas. Vaquero will build a new 70-mile (24 inches) high-pressure pipeline loop and a 200 million cubic feet per day cryogenic processing plant.
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.
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.
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.
natural gas 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]
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
MARCELLUS/UTICA REGION: Delaware Basin fracking ban based on junk science; Seneca Resources donates truck to Tioga County emergency responders; OTHER U.S.
Appalachian Basin Oil Companies List Unlock new business opportunities with our Appalachian Basin Oil Companies List , a powerful sales and marketing resource for service providers targeting the energy sector. Start building your pipeline today! Get instant access and accelerate your business growth in the Permian Basin.
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.
Expected regulatory updates within the next 90 days could further streamline pipeline installations, potentially reducing project costs and timelines. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. ” About New Era Helium, Inc. New Era Helium, Inc.
(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. bcf/d natural gas pipeline connecting Permian supply to Katy. billion (C$2.2
Energy Information Administration said last week natural gas pipeline 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 natural gas from Permian Basin to Katy. Bcfd of natural gas from Permian Basin to Katy.
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 natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties. The pipeline system comprises two active segments: OM (Other Modification): 38.55
natural gas 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
May 27, 2025 The Hugh Brinson Pipeline, a major natural gas 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. Phase II (Planned) : Additional compression facilities to expand capacity to 2.2
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. oil and gas production, and ONEOK Inc. Bcf/d in 2025.
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.
The EPIC NGL assets include two fractionators in Corpus Christi with a combined capacity of 170,000 b/d, 350 miles of purity distribution pipelines, and an 885-mile NGL pipeline with capacity of 175,000 b/d from Delaware and Midland basins and Eagle Ford to Phillips 66s Sweeny hub.
The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.
6 sent a letter to Congress urging lawmakers to quickly advance energy permitting legislation to expedite natural gas pipeline 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.
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. Enbridge Inc.
Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. Production growth in Appalachia has been slowing in recent years because of limited pipeline takeaway capacity. The post Permian Basin produced 22 percent of natural gas in U.S. natural gas output.
In todays RBN blog, we discuss how a combination of new pipeline projects, in-basin data center development and incremental Gulf Coast LNG demand might breathe new life into the Marcellus/Utica. But the pace of growth has slowed dramatically in recent years, mostly due to takeaway constraints.
Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand.
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.
This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the projects extensive interconnectivity to multiple producing basins and inter-connecting pipelines. Woodsides [Read more]
Circuit Court of Appeals decision to revoke a permit for Mountain Valley Pipeline, the Appalachian Basin and the United States are currently facing the consequences of delaying this critical energy project. While environmental activists like Wild Virginia celebrate the 4th U.S. Further delays will only hamper U.S.
This reduction followed similar cutbacks in the previous three quarters, implemented due to ongoing low natural gas prices in the Permian Basin. Prices have shown mixed trends in the first quarter of the year due to higher output and pipeline constraints. to be $2 per thousand cubic feet (Mcf) and $4.15 per Mcf worldwide.
Gas production is starting to exceed pipeline capacity exiting the Permian, and in-basin prices are falling as a result. Paradoxically, the second problem is a potential overreaction to the first problem: market fundamentals could attract too many pipelines, and the Permian runs the risk of having underutilized pipelines.
This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the projects extensive interconnectivity to multiple producing basins and inter-connecting pipelines.
The pipelines carrying crude oil from the Permian Basin in West Texas to the Corpus Christi area have been as jammed as an urban highway on the Friday before Memorial Day weekend. In todays RBN blog, well discuss what this project means for pipeline congestion and crude exports out of Corpus and nearby Ingleside.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
Several large, publicly held midstream companies play critical roles in transporting crude oil, natural gas 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.
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 Bcf/d of natural gas.
The Program Area consists of counties located in theWilliston Basin, although both parties may consider opportunities in otherRocky Mountainbasins upon mutual consent. The Transaction contemplated by the Agreement positions Zephyr to capitalise on a robust pipeline of opportunities across theWilliston Basin.
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