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s Westcoast natural gas 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 natural gas pipeline.
producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region. During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas. homes relying on heating oil are located in the Northeast—making affordable gas access an urgent issue.
Project Update: Prince Rupert Gas Transmission (PRGT) Pipeline Clears Key Regulatory Hurdle The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue.
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.
(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
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6
According to EIR, the high volatility in natural gas prices expected at East Texas hubs served by Haynesville production is driven by timing mismatches related to gas supply, pipeline development and LNG export demand. Over the next decade, the Haynesville is anticipated to experience underutilized pipeline capacity, according to EIR reports.
(Oil Price) –Richard Kinder doesnt lose sleep over trade wars or chatbots. Translation: let Beijing play tariff tagKinders pipelines are still flowing. The companys pipeline backlog now tops $8.8 Meanwhile, Kinder Morgans LNG transport contracts are already locked and loaded: 7 Bcf/d now, expected to hit 11 Bcf/d by 2027.
oil production, delivering approximately 1.2–1.3 million barrels of oil per day as of Q1 2025. Companies like Devon and ConocoPhillips are testing refracs, while CO₂ and gas injection pilots show future potential for Enhanced Oil Recovery. The post Williston Basin White Paper appeared first on Oil Gas Leads.
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.
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. Bcf/d of gas. Bcf/d based on demand. Developer : Energy Transfer LP via its affiliate Hugh Brinson Pipeline LLC. Estimated Investment : $2.7
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. Bcf/d Cash from operations: $1.94
Midstream natgas companies own pipelines and other infrastructure to move oil and gas products, and the burgeoning demand for gas should continue into the 2030s, according to a team of TD Cowen analysts led by Jason Gabelman. Master limited partnerships, which include some pipeline names, aren't subject to federal income taxes.
The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. Natural Gas in Storage 3,069 Bcf UP 64 Bcf 9.3%
Q1 2025 Financial Highlights DTM kicked off the year with robust financial momentum: Net Income : $108 million Adjusted EBITDA : $280 million Pipeline Segment : $197 million Gathering Segment : $83 million Distributable Cash Flow (DCF) : $250 million Operating Earnings per Share (EPS) : $1.06 Bcf/d , bringing the LEAP system total to 2.1
Since Wednesday, August 15, all prices reported in the weekly chart (for both natural gas and crude oil) have decreased as Hurricane Dean failed to have a significant impact on domestic production in the Gulf of Mexico, and temperatures moderated demand. Natural Gas in Storage 2,926 Bcf UP 23 Bcf 12.8%
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. oil and gas production , with Energy Transfer reporting a 9% increase in legacy Permian throughput in 2024. Phase 1 (1.5
April 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices dip amid U.S.-Iran Iran talks and tariff concerns Summary : Oil prices fell 1.5% Bcf/day, while consumption dropped to 103 Bcf/day due to warmer weather reducing residential and power demand.
oil and gas production, and ONEOK Inc. West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025.
Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. 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. ” Marshal S. .”
Crude oil was up over $2 per barrel. Natural Gas in Storage 3,005 Bcf UP 36 Bcf 10.4% Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu
Production The Permian Basin remains the most productive oil and natural gas field in the U.S. With expected crude oil output increasing to 6.6 Bcf/d by the end of 2025, midstream operators are aggressively expanding infrastructure to capture this growing supply. With expected crude oil output increasing to 6.6
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
As temperatures dropped, oil field equipment froze, wells were shut in, and the natural gas needed to generate electricity crashed as the demand for power sky rocketed. Kinder Morgan is a natural gas pipeline that purchases, sells, and transports gas. billion cubic feet of production on February 4, 2021 (“Bcf”) to 65.4
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5 Bcf/d of takeaway capacity. We analyze major U.S. MMBbl/d , a 0.3
Canadian drilling is expected to remain elevated in the first half of 2025 , supported by: The Trans Mountain pipeline expansion , now operational. LNG-driven natural gas demand is helping offset a weaker oil environment. Outlook: LNG Expansion and Stable Canadian Activity Looking forward, the company is cautiously optimistic.
It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. Bcf/d, and two additional processing plants that are under construction. 2024 is almost in the books! In a deal valued at $7.3
The companies have focused on a 200-acre site near Penwell in Ector County, Texas, near fiber optic networks, natural gas pipelines, and CO infrastructure, which was recently put under contract for acquisition.The location enables access to existing CCUS systems for enhanced oil recovery, aligning with net-zero goals.
Volatility at the start of the Trump Administration might present the last chance to buy Delaware Basin oil and gas stocks on the cheap, in my opinion. The recent goal of maximizing oil production over gas production seems to be flipping and the investing public is not quite in emotional chase mode yet.
Canadas Pacific Coast Canada is aggressively expanding its LNG export capabilities to serve the Asian market, with major projects on its Pacific Coast: Coastal GasLink Pipeline: A 5 billion cubic feet per day (bcf/d) pipeline supplying natural gas to the 1.85 bcf/d LNG Canada facility in Kitimat, British Columbia.
June 2, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Total stocks reached 2,476 Bcf, 11.3% Bcf/day and demand dipped to 97.3 This regulatory shift positions Europe as the new CCS hub, leveraging oil companies expertise for decarbonization, as the U.S.
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