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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 […].
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Personnel Transport : Helicopters, crew boats, and ground transport.
The Hacksaw Crude Oil 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 crude oil to downstream markets.
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.
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.
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.
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.
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.
“The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production, treatment, transportation and liquefaction installations of gas through floating units, for a total capacity of 12 million tons of LNG per year”, Eni said in an online statement.
The Westcoast pipeline, operated by Enbridge subsidiary Westcoast Energy Inc., spans more than 2,900 kilometers (1,802 miles), transporting up to 3.6 midstream assets. billion cubic feet per day (Bcf/d) of natural gas from northeast British Columbia to the Canada-U.S. Enbridge remained shielded due to its contract-based model.
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%).
This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs. Vertical Integration for Operational Efficiency U.S. energy supply chain, providing reliable, scalable, and cost-effective transportation of hydrocarbons.
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. BPM unless stage design is adjusted.
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.
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. Crude oil and NGL volumes are rising , driving more demand for transportation and processing.
The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust. the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids, Rix said.
With produced water volumes rising alongside drilling activity, the Speedway Pipeline provides a critical midstream solution for operators looking to scale safely and sustainably. The Speedway project builds on that foundation by delivering long-haul water transport infrastructure to support future growth in the Permian.
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.
Midstream Investments; Transportation and Storage : The midstream sector focuses on transporting and storing oil and gas from production sites to refineries and end-users. The benefit here lies in the high profitability associated with discovering and producing new oil and gas fields, especially when oil prices are high.
The company will gain exposure to both the liquids-rich and dry gas windows, with firm transportation to premium marketsenhancing revenue predictability and price realizations. It also unlocks $150 million in expected first-year synergies through operational and financing efficiencies. EOG is funding the transaction with $3.5
The ability to transport more oil efficiently will not only support higher production levels but also stabilize prices, benefiting producers and the broader economy. the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids.
April 2025 Midland, Texas New Height Energy, LLC, a growing player in the Permian Basin, has officially acquired 25 air permits from SM Energy Company, marking a significant operational expansion in Howard County , near Big Spring, Texas. Whats Included in the Transfer?
The transaction, expected to close in the second quarter, follows the pipelines recent startup and rapid ramp-up of operations in the Permian Basin. Devon has confirmed, however, that its contracted gas transportation capacity on Matterhorn will remain unchanged post-transaction. Bcf/d Cash from operations: $1.94
onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. The company currently operates two rigs in Haynesville, compared to four each in the Permian and Eagle Ford basins, but rising prices could lead to increased drilling activity.
Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out. Also invested $1.6
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.
We also saw strong performance in crude oil 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.
We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Strategic Highlights In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC.
utilities are receiving power requests from data center operators that exceed their current generation capacity, according to a Reuters survey. Surging Interest in the Keystone State Electric utilities across the country are feeling the pressure. Nearly 50% of U.S.
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. This permit, effective until July 31, 2025, authorizes the company to operate 65.54 miles of natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties.
With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. Lower transportation and processing fees expected to add $190 million in future value.
That’s why we’re excited to dive into the world of portable JT skids with you and illustrate how they can revolutionize your operations. These skids are engineered for easy transport and quick setup, making them ideal for various applications, especially in remote locations or where flexibility is paramount.
Logistics Breakthrough: Recent rail expansions mean crude can now be transported more economically from this landlocked region. Kimmeridge ranks Uinta #2 in its 10-year forecast, noting that improved takeaway capacity is unlocking a basin previously written off by operators. Undrilled Core: Much of the Uinta remains lightly developed.
From powering transportation to fueling global economies, this sector plays an indispensable role. While it often operates behind the scenes, its impact on our daily lives and the broader business landscape is profound and far-reaching. The oil and gas industry stands as one of the cornerstones of modern civilization.
For nearly 30 years, Energy Transfer has played a major role in powering the natural gas revolution, transporting approximately 30 percent of all natural gas in the U.S. In addition, 15 units were operated by third parties across the West Texas region in 2023, saving another 112,000 tons of CO 2.
Blockchain operates as a digital, decentralized ledger that records transactions using multiple computers. Oil acquisition involves several steps, from exploring potential sites to refining and transporting the collected oil. Midstream: Companies that store and transport resources 3. First, let’s define it.
This surge in output has frequently led to capacity constraints, with operators facing choices like flaring gas, paying to dispose of it during negative pricing events, or cutting crude production. The recent launch of the Matterhorn Express Pipeline, developed by a joint venture led by WhiteWater Midstream, offers some relief.
billion project spanning 216 miles, designed to enhance natural gas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. July 2024 : WhiteWater Midstream announced the Blackcomb Pipeline, a 2.5
As if crude producers and midstreamtransportation companies don’t already have enough problems trying to get crude oil 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.
anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. JANUARY Sunoco LP Acquired NuStar Energy L.P. In a deal valued at $7.3
Every time I drive into Midland for hitch from East Texas I see more and more facilities being built, observes Luis Raymundo, Lead Chemical Operator at Refined Completions. Currently, OSI operates approximately 64 machines, including CNC lathes, mills, plasma tables, saws, welding stations, and pull test equipment.
midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. Firms have announced in recent months new pipeline projects, but many others have preferred to buy operating assets in deals with competitors or with private equity companies to expand their pipeline infrastructure.
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