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June 2025 WBI Midstream LLC, a subsidiary of WBI Energy and part of the MDU Resources Group, has officially acquired the Longhorn Gathering & Transmission System from Enerfin Resources II-92 , adding a strategic 116-mile pipeline footprint across Archer, Clay, and Wichita Counties in Texas. What’s Included in the Deal?
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. Elliott, which has an investment worth more than $2.5 billion in Phillips 66, last week made the case to the refiners shareholders that Phillips investors' patience has
Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
Energy independent Continental Resources has accused sector player Hess Corp of fraud to the tune of $69 million in a lawsuit alleging the latter artificially inflated the price of its midstream services through deals with its own subsidiaries.
Activist hedge fund Elliott Investment Management hascalled onPhillips 66 to spin off its midstream business and tighten up operations. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. based refiner
shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. (BOE Report) – U.S. Continental is based in Oklahoma City, Oklahoma. Hess did not immediately respond to requests for comment.
Anadarko Basin operations are primarily in Oklahoma (SCOOP/STACK plays), with some assets extending into southern Kansas and the Texas Panhandle in the case of Mach. Ovintiv (OVV) – Oklahoma (Anadarko Basin) Operations Ovintiv (formerly Encana/Newfield) holds significant acreage in Oklahoma’s STACK/SCOOP (Anadarko Basin).
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. operating companies.
Vaquero Permian Gathering LLC—under the larger Vaquero Midstream banner—is strengthening its Pipeline Addition (PA) footprint with a significant 76 miles of new high-pressure loop pipe, fully detailed in Permit #09432. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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 MidstreamOperating, a wholly owned indirect subsidiary of ONEOK, owns 100 percent of outstanding limited liability company interests of Delaware G&P.
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. Department of the Interiors Bureau of Land Management (BLM) Pecos District Office. Will Gray II, CEO of New Era Helium, Inc.,
Valero continues to evaluate strategic alternatives for its remaining operations in California. In connection with the evaluation of strategic alternatives for Valeros operations in California, a combined pre-tax impairment charge of $1.1 Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments.
(TSX: TWM) CALGARY, AB, May 8, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) has filed its consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the first quarter ended March 31, 2025.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
The Permian Basin is the undisputed engine of American energy growth—and midstreamoperators like Targa Resources are racing to keep up. In addition to physical infrastructure, this amendment included a GIS upgrade— NGG (Natural Gas Gathering) attribute codes were added to pipeline records to enhance operational visibility.
(TSX: TWM) CALGARY, AB, March 27, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) has filed its consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2024.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil 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 $55 million deal closed May 1.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. Greenlake Energy: The Low-Cost Contender Greenlake Energy Operating LLC positions itself as a low-cost, high-efficiency operator.
Dallas-based Matador Resources and affiliate San Mateo Midstream last week announced startup of an expansion of San Mateos Marlan cryogenic natural gas processing plant in Delaware Basin. The companys midstream system now has a total gas processing capacity of 720 million cfd in Eddy and Lea counties.
is charging ahead with its strategy to enhance midstream performance and integrated growth, announcing major new developments during its Q1 2025 earnings call on April 25. Once operational, the Dos Picos complex will boast 440-MMcfd total processing capacity across its two plants. Phillips 66 Co.
Located near George West, Texas, the Phillips 66 Three Rivers Gas Plant is a critical component of the companys midstreamoperations in the Eagle Ford Shale region. Formerly operated by DCP Midstream, the facility was integrated into Phillips 66s portfolio following its acquisition of DCPs assets.
DT Midstream (NYSE: DTM) reported strong Q1 2025 results, highlighting not only solid financial performance but also a clear long-term growth strategy anchored in the rising global demand for liquefied natural gas (LNG). LNG export market expanding rapidly , DT Midstream is in a prime position to capitalize. With the U.S.
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. Elliott wants Phillips 66 to sell off or split the midstream business and focus only on refining. (Oil Price) –U.S. Elliott, which has an investment worth more than $2.5
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.
shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries.
this young, fast-growing operator made its debut at No. Operates 450,000 net acres and produces 370,000 barrels per day. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. 1762 in 2025. Their backgrounds: Hickey: Pioneer Natural Resources, EnCap Investments.
Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. The pipeline is designed to supply ~2 Bcf/d of natural gas from northeastern B.C. to the Ksi Lisims LNG export terminal proposed near Pearse Island on the West Coast. regulator appeared first on Oil Gas Leads.
The midstream energy sector is undergoing a transformative shift. Lets break down the key trends, major players, and strategies shaping the future of midstream energy. The Rise of Vertical Integration in Midstream Energy Vertical integration is redefining the midstream landscape. energy production growth. Why the Permian?
With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. ” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. Pipeline & processing infrastructure operates on take-or-pay agreements.
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Operators in the basin are prioritizing cash flow and capital returns over aggressive development. shale development.
Key themes include the deployment of artificial intelligence, automation, digital twin technology, predictive analytics, and cyber resilience across upstream, midstream, and downstream operations.
Chevron Layoffs May 2025 Update Company : Chevron (NYSE: CVX) Total Layoffs in Texas : ~800 employees Location : Midland County, Texas core to Chevron’s Permian Basin operations Effective Date : July 15, 2025 Context : Part of Chevron’s plan to reduce up to 20% of its global workforce by end of 2026. shale operations.
As operators push deeper into H₂S-rich zones in West Texas, existing infrastructure struggled to keep pace—until Tejon entered with a mission: gather, treat, and responsibly manage sour gas where others couldn’t. Together, these permits form an integrated system: gathering sour gas → compressing → treating → delivering gas or NGLs.
Completions Engineer Directory – Only $25 Purchase Now Includes: Account, Contact Name, Email, Phone (company), Location…… Triple Frac: The Benchmark of Efficiency Triple Frac, or simultaneous fracturing of three wells from the same pad, has become a staple among top shale operators.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
Service Synergy from Midland/Delaware Despite not operating in those basins, Blackbeard benefits from proximity to their oilfield supply hubs. Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.
As the oil and gas industry continues to navigate commodity price volatility and evolving regulatory landscapes, the recent transfer of air permits from Sage Natural Resources LLC to EagleRidge Energy underscores a broader trend in the Barnett Shale: operational consolidation and strategic repositioning. This isn’t just a formality.
First Five Months: 2024 vs. 2025 Comparing the first five months of 2024 and 2025: 2024 (JanMay) : 267 permits issued 2025 (JanMay) : 296 permits issued Change : +29 permits Percent Increase : +10.86% This uptick indicates a growing confidence among operators in the basin’s prospects.
In general, this strength has been led by more defensive pockets of the sector (large cap producers, majors, midstream) and natural gas. Several small and mid-cap oil producers posted weak results and soft 2025 (or 1Q) guidance, in some cases due to inventory degradation and operational noise. (Investing) –The U.S.
Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. (Oil Price) –U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S.
The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc., midstream assets. The program aims to provide up to $10 billion in guarantees for such investments. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline. Previous agreements include a C$1.12
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