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Pipeline Acquisition Alert: WBI Midstream Expands Texas Footprint with 116-Mile System from Enerfin

Oil Gas Leads

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?

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Phillips 66 Puts Up Fight Against Elliott Campaign for Changes

OilPrice

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

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Northwind Midstream receives approval for additional AGI well in Lea County

Permian Basin Oil and Gas Magazine

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.

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Continental Resources Accuses Hess of $69 Million Fraud

OilPrice

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.

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Phillips 66 Hits Out at Activist Investor Elliott Over Conflict of Interest

OilPrice

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

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US oil producer Continental Resources claims Hess defrauded it out of $69 million

Oil & Gas 360º

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.

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Millennium Pipe Open Season for Expanded Capacity in NY, New England

Marcellus Drilling News

Several companies jointly own the pipeline, which operates under its own corporate structure. In 2022, DT Midstream became the majority.

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