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The EPIC CrudePipeline, which stretches from the prolific Permian Basin in West Texas to Corpus Christi, has operated above its original nameplate capacity for more than a year, with volumes rising in recent months. Owner EPIC Midstream in April sold its NGL pipeline to Phillips 66 for $2.2
percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Following close of the transaction May 28, EnLink Midstream Operating, a wholly owned indirect subsidiary of ONEOK, owns 100 percent of outstanding limited liability company interests of Delaware G&P.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crudeoil gathering system of Black Knight Midstream. The post Plains All American Pipeline acquires Black Knight Midstream in Midland Basin appeared first on Permian Basin Oil and Gas Magazine.
The Hacksaw CrudeOil 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 crudeoil to downstream markets.
(World Oil) – (Bloomberg) Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. Crude output from the Vaca Muerta already stands at about 450,000 bpd.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?
In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. Collectively, these organizations represent: 60% of North American crudeoil production 56% of natural gas production $12.1
The midstream energy sector is undergoing a transformative shift. Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. Lets break down the key trends, major players, and strategies shaping the future of midstream energy. energy production growth.
Several large, publicly held midstream companies play critical roles in transporting crudeoil, 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.
oil and gas production. With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. As drilling intensifies in the Delaware Basin , the ability to handle high-sulfur gas efficiently will be a key differentiator in the midstream market.
government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Permian to Cushing pipeline flows are tracking 100,000 barrels per day higher year-over-year for the first quarter, Irwin said.
A half dozen large midstream companies provide the full gamut of wellhead-to-water services for Permian-sourced natural gas and/or NGLs, and a couple of those offer the same for crudeoil as well.
We also saw strong performance in interstate natural gas transportation volumes (up 3% – a new Partnership record), crudeoil 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%).
We also saw record performance in crudeoil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023.
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. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S.
Pipeline transportation volumes rose 6 percent to 13.2 million barrels per day of NGLs, crudeoil, refined products and petrochemicals. The post Enterprise reports increase in throughput volumes in first quarter appeared first on Permian Basin Oil and Gas Magazine. billion cfd in the first quarter compared to 2024Q1.
This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs. midstream operators are increasingly adopting vertical integration to control the entire value chainfrom gathering and processing to transportation and export.
The benefit here lies in the high profitability associated with discovering and producing new oil and gas fields, especially when oil prices are high. Midstream Investments; Transportation and Storage : The midstream sector focuses on transporting and storing oil and gas from production sites to refineries and end-users.
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.
Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. The 550-mile Grand Mesa pipeline originates in Weld County, CO, and terminates at Cushing, OK, providing up to 150,000 barrels per day of crude takeaway capacity.
Edgewater Midstream, a relatively new player in the refined products storage and delivery space, acquired a pair of potentially valuable assets from Shell in the Deer Park, TX, area in December.
We also saw strong performance in crudeoil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). These investments were primarily in the midstream NGL and refined products segments.
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crudeoil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.
In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crudeoil output. Oil & Gas Marketing Lists Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
As if crude producers and midstream transportation companies don’t already have enough problems trying to get crudeoil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.
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. 2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024.
(Oil Price) –U.S. midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. midstream operators are more cautious about plans for the future despite the friendliest regulatory environment they have had for five years, or ever. shale basins.
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