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The facility was built through a joint venture between Pivotal LNG and NorthStar Midstream. The post JAX LNG Production Facility Now Operational at Dames Point appeared first on NGT News. Officials with JAX LNG, a liquefied natural gas (LNG) facility located at Dames Point in Jacksonville, Fla.,
Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The new MarkWest, aka MPLX, plays on a much larger stage now, including the ownership and operation of major assets in the Permian Basin.
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 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
EPIC Midstream Holdings LP and the Port of Corpus Christi Authority (PCCA), have entered into a nonbinding memorandum of understanding (MOU) to explore the development of a green hydrogen production, storage, transportation and export operation, including a newly constructed […].
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.
(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.
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.
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. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 Will Gray II, CEO of New Era Helium, Inc.,
(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.
The Hacksaw Crude Oil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Strategic Importance The Hacksaw Terminal plays a crucial role in EVX Midstream’s strategy to provide integrated midstream solutions in the Eagle Ford region.
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.
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.
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.
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.
Using hourly operating data from the EIA, EIR estimates that PJM and MISO have the greatest ability to accommodate new loads with DR. At only 100 hours of DR, PJM and MISO can add 11.9 Enverus Intelligence Researchs (EIR) new report measures the efficacy of DR for rapidly connecting new loads to the grid. GW and 8.2 GW, respectively. (EIR)
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?
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
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.
However, IPPs operating in high net-load zones such as PJM and MISO will find lucrative opportunities, leveraging price volatility driven by renewable integration. The retirement of thermal plants across the Lower 48 presents a growing challenge for dispatchable generation.
Elliott nominated seven candidates with the 'best-in-class experience in refining and midstreamoperations' for election to Phillips 66's board to remedy 'persistent underperformance'.
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.
At Pro-Gas LLC, we understand the evolving needs of our clients, and we’re dedicated to providing innovative solutions that optimize operations and maximize productivity. Let’s delve into how these solutions enhance operational flexibility and unlock new possibilities for your business.
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.
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.
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.
We analyzed drilling data from over 1,900 oil and gas operators and spotlighted the Top 10 companies based on wells drilled so far in 2025. Why it matters: Tracking well counts early in the year helps service providers, investors, and suppliers align strategies with operator activity.
The oil and gas industry thrives on data, and understanding well permit trends and drilling activity is crucial for business development and operational planning. Drilling Operation Breakdown Horizontal Drilling: 75.7% miles northeast of Midland, TX , a central hub for oil and gas operations. Vertical Drilling: 24.3%
A new batch of TCEQ (Texas Commission on Environmental Quality) air permits shows that the process of transferring operational control of key oil and gas facilities from Lime Rock to Ring Energy is well underway. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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.
Sydri Operating, LLC has taken a significant step forward in expanding its operational footprint through the acquisition of Texas Commission on Environmental Quality (TCEQ) air permits previously held by Crimson Energy Partners IV LLC.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc. In addition, the conference live webcast reaches a global audience of virtual attendees.
Oil & Gas Canada Contact Directory is a sales & marketing tool that provides a source for contacts that work at Oil & Gas Operators and Midstream companies. The directory are grouped into roles that you would find at an Oil & Gas Operator.
As unconventional oil and gas development matures, operators continue to push the envelope in completion design and execution. Operational Efficiency Meets Fracture Control The immediate appeal of multi-well stimulation is clear: lower operating costs and faster pad execution.
Phillips 66 also saw weaker refining margins, particularly in the Gulf Coast and Atlantic Basin, though its $796 million in Q1 net income was buoyed by solid midstream and chemical performance. Delek US posted a deeper-than-expected net loss of $173 million, citing market softness and operational headwinds.
We also saw strong performance in interstate natural gas transportation volumes (up 3% – a new Partnership record), crude oil 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%).
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. Were not going to grow Midstream just to grow Midstream, said Mark Lashier, CEO of Phillips 66.
Houston-based Archrock, energy infrastructure company with focus on midstream natural gas compression, said last week it is acquiring Natural Gas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.
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.
Discover the Top Operators Driving Production, Permitting, and Rig Activity Access a data-rich snapshot of activity related to the Eagle Ford shalefeaturing the Top 10 operators by rig count , top producing accounts , new air permits , and county-level drilling trends.
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