Gathering
Momentum Midstream Acquires Pipeline Assets in East Texas for $1.3 Billion
Privately-owned Momentum Midstream has agreed to buy 3,625-miles (5,834 km) of gathering and processing pipeline assets in the East Texas part of the Haynesville Shale from Midcoast Energy for $1.3 billion, including debt, Reuters reported on Friday.
Gas Gathering Pipeline Rules: A New Beginning
The need to regulate the more than 425,000 miles of natural gas gathering pipelines throughout the United States for the first time stems from more than governmental fiat. It is tied to the transformation of the energy industry in the 21st century and the pipelines that supply increasingly complex markets.
Sources: Tug Hill Explores Sale of Natural Gas Producer THQ Appalachia, Pipeline Firm XcL Midstream
Tug Hill and Quantum Energy are exploring a sale of U.S. natural gas producer THQ Appalachia I LLC and XcL Midstream, a pipeline firm that moves THQ's gas to market in a deal that could fetch more than $5 billion, sources told Reuters on Friday.
Targa Resources to Acquire Permian Gas Gathering, Processing Assets in $3.55 Billion Deal
Targa Resources has agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, a deal that includes a portfolio of about 1,050 miles of natural gas pipelines in the Delaware Basin.
Matador Resources Acquires Permian Pipeline, Gathering System in $75 Million Deal
Matador Resources Co. has agreed to acquire Summit Midstream's gathering and processing system in the Permian Basin for $75 million, which includes roughly 45 miles of natural gas gathering pipelines.
VVC Increases Natural Gas Production Capabilities with New Seven-mile Pipeline
VVC has expanded its natural gas production capabilities with the installation of seven miles of new pipeline, which will transport gas produced by the company’s natural gas wells to the Tumbleweed Midstream Ladder Creek Pipeline.
Cheniere Launches Program to Monitor GHG Emissions on Natural Gas Systems
Cheniere Energy Inc. has entered a collaboration with natural gas midstream companies to implement quantification and monitoring of GHG emissions on natural gas gathering, processing, and storage systems.
Delek Logistics Acquires Permian Basin Gathering Assets in $624.7 Million Deal
The asset base includes approximately 485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120,000 bbl of crude storage capacity and 200,000 bbl/d of water disposal capacity.
Midcoast Energy Explores Sale of East Texas Pipelines — Sources
Midcoast Energy operates a 3,625-mile (5,834 km) gathering and processing pipeline network that transports natural gas and natural gas liquids, as well as a marketing and logistics business, according to its website.
Whiptail Midstream Acquires 525 Miles of Pipeline in San Juan Basin
Whiptail Midstream has acquired DJR Energy's oil, gas, and water gathering assets in the Gallup oil window of the San Juan Basin, doubling the company's dedicated acreage, miles of pipeline and production flowing on its assets.
Pine Wave Energy Partners to Sell Haynesville Acreage, Gathering Assets
The sale includes approximately 12,500 net acres and 100 million cubic feet per day of net production with 18 miles of gathering pipeline in east Texas and northwest Louisiana.
Whitney Fairbanks Named President of Cameron LNG
Fairbanks spent over a decade at Hunt Oil Company, where he managed Hunt LNG Operating Company, the operator of Peru LNG, consisting of a 4.4 MTPA LNG liquefaction plant and a 400-km natural gas pipeline.
Equitrans Nixes Summer Start of Mountain Valley Pipeline
Equitrans Midstream on Wednesday announced that it is no longer targeting a summer 2022 startup of its long-delayed Mountain Valley Pipeline (MVP) and is not yet able to provide an update on the project's in-service timing or overall cost.
Thailand's PTT Exploration and Production Taking Over Myanmar Gas Field as Others Exit
Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp. exit in the wake of last year's coup in the Southeast Asian state.
EIA Forecasts US Natural Gas Production Will Increase in 2022
If realized, the December 2022 forecast production level will exceed the previous record of 97.2 Bcf/d, which was set in November 2019.
Permian Shale Producers Warn of Natural Gas Takeaway Constraints
U.S. oil and gas producers Diamondback Energy and ConocoPhillips said the top U.S. shale field will face natural gas pipeline constraints as production grows and companies strive to reduce flaring.
Philippines' Malampaya Gas Project Can be Extended for Several Years -Udenna President
The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp. said.
New Regulations Place 400,000+ Miles of Gas Gathering Pipelines Under Federal Oversight
Historically, gathering lines have been lower-pressure, lower risk lines typically situated in rural areas. With the increase in fracking over the last 15 years, the volume of gas extracted and transported through gathering lines has increased significantly.
Texas’ Midland Basin Accounts for 15% of US Crude Oil in 2020
Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations.
Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul
The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.
U.S. Regulator Moving to Restore Federal Oil and Gas Leasing Program
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway following a court decision reversing the Biden administration's suspension.
U.S. Drillers Add Most Oil Rigs in a Week Since April - Baker Hughes
U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.
EIA Reports: Gulf of Mexico Projects, Production to Grow in 2022
The U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production in the U.S. Federal Gulf of Mexico will increase in the next two years, according to the latest Short-Term Energy Outlook.
Chesapeake Focusing on U.S. Shale Gas with $615 million Vine Energy Buy
Chesapeake Energy Corp agreed to buy Louisiana natural gas rival Vine Energy Inc. for $615 million, betting on the Haynesville shale field's proximity to the U.S. Gulf Coast export hub.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer Natural Resources Co.'s top executive said that U.S. shale growth was "not going to grow that much" in the coming years, as oil and gas companies continue to focus on capital discipline and shareholder returns.
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers to return to the well pad.
China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.
Shell Plans to Exit California Joint Venture with Exxon Mobil
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
Turkey Turns to U.S. Firms while Planning Black Sea Gas Extraction, Official Says
Turkey has shared data on its Black Sea discovery with U.S. energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge of the matter told Reuters.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
