Eagle Ford

Crescent Energy Acquires SilverBow for $2.1 Billion, Creating Second Largest Eagle Ford Operator

Oil and gas producer Crescent Energy will acquire rival SilverBow Resources in a $2.1 billion deal, creating the second-largest operator in the Eagle Ford basin in Texas.

Energy Transfer Joins CapturePoint for Carbon Capture and Storage Initiative in Louisiana

CapturePoint LLC and Energy Transfer LP have formalized agreements for the joint development of a carbon capture and permanent underground storage project in Louisiana.

EIA: U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June

Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said.

U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25

U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.

Williams Foresees Victory in Energy Transfer Dispute Over Louisiana Gas Pipeline

U.S. energy firm Williams Cos said on Tuesday it still expects to overcome a pipeline dispute with rival Energy Transfer and complete its Louisiana Energy Gateway natural gas project in the second half of 2025.

Kinder Morgan-Backed Gas Pipeline Expansion Prevails in U.S. Appeals Court Decision

The Kinder Morgan-backed Evangeline Pass Expansion project would expand existing pipelines to feed more fuel to Venture Global's Plaquemines liquefied natural gas export terminal in the Gulf of Mexico.

Oil Prices Rise on Prospect of U.S. Replenishing Strategic Reserve

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories.

Texas Oil Operators Increase Flaring Amid Weak Gas Prices

Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests.

Report: Global Upstream Sector Eyes $150 Billion in Deals for Rest of 2024

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts said.

U.S. Shale Oil Sector Sees Revival Through Advanced Technology Adoption, Financial Obstacles Remain

Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so.

U.S. Oil and Gas M&A Hits Quarterly Record After Strong 2023

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday.

DeLa Express’ 690-Mile Permian-to-Louisiana Gas Pipeline Seeks FERC Approval, Targets 2028 Launch

(P&GJ) — DeLa Express LLC, an affiliate of Moss Lake Partners, has formally requested FERC approval to initiate the Pre-Filing Review Process for the proposed DeLa Express Project—a 690-mile natural gas pipeline aiming to transport gas from production sites in the Delaware Basin, Texas, to markets around Lake Charles, Louisiana.

Takeaway on Upswing in Permian, Haynesville

According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.

U.S. Pipeline Firms Looking to Follow Biggest Customers into M&A Wave

U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said.

SilverBow Resources Shareholder Endorses Kimmeridge's $2.1 Billion Offer

SilverBow Resources shareholder Riposte Capital on Thursday backed Kimmeridge Energy Management's latest buyout offer that valued the U.S. oil and gas producer at close to $2.1 billion, including debt.

Gas Pipeline Expansion Trends Shift: Intrastate Capacity Surpasses Interstate in 2023

In a significant shift, natural gas intrastate pipeline capacity outpaced interstate additions in the United States in 2023, according to data from the U.S. Energy Information Administration (EIA).

CenterPoint Energy to Sell 12,000-Mile Pipeline Network in Louisiana, Mississippi for $1.2 Billion

CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business.

EIA Projects U.S. Oil Output Surge from Top Shale Regions in March

U.S. oil output from top shale-producing regions will rise in March to its highest in four months, the U.S. Energy Information Administration (EIA) said on Monday in its monthly Drilling Productivity Report.

Deep Freeze Hits U.S. Oil Industry from North Dakota to Texas

A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others, and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.

EOG President: U.S. Oil and Gas Production Growth to Slow in 2024

U.S. oil and gas production will not continue to grow this year at the pace that it did in 2023, U.S. shale producer EOG Resources President Lloyd Helms said on Thursday.

Kinder Morgan Successfully Acquires NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion

Kinder Morgan Inc. has successfully closed on its $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets, which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.

Energy Transfer Faces Allegations of Anti-Competitive Practices in Louisiana Pipeline Dispute

(P&GJ) — The dispute centers around Energy Transfer's denial of three projects seeking to cross its pipelines, leading to a legal battle impacting over $2 billion in energy infrastructure.

Howard Energy Partners Completes $800 Million in 2023 Growth Projects, Achieves Record Volumes

(P&GJ) — Howard Energy Partners completed $800 million in 2023 growth projects, including new pipelines and facilities in key U.S. oil and gas basins, along with storage and logistics for renewable diesel on the Texas Gulf Coast.

Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion

(P&GJ) — Kinder Morgan Inc. has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system, which spans 462 miles, boasts a substantial transport capacity of 4.9 billion cubic feet per day.

BP Considers Forming Shale Joint Ventures Around U.S. Natural Gas Fields, Sources Say

London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, three sources with direct knowledge of the matter said.

Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets

(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.

Clearfork Midstream Expands Haynesville Gas System, Adds New Pipelines Across Louisiana and Texas

(P&GJ) — These expansions represent a system-wide capacity increase of approximately 65% since Clearfork’s acquisition of the assets in February 2022. In addition, the company has expanded its North Louisiana gathering footprint to the east and west, and is in construction on new gathering pipe further west into Panola County, Texas.

Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal

The $7.1 billion deal will see Energy Transfer add about 2 billion cubic feet per day (Bcf/d) of gas-gathering capacity, 1.4 Bcf/d of gas-processing capacity and 340,000 barrels per day (bpd) of crude-gathering capacity.

Natural Gas Producer Chesapeake to Complete Eagle Ford Basin Exit with Silverbow Deal

Chesapeake said last year it viewed the Eagle Ford acreage as no longer core to its strategy and would focus on the gas-rich Marcellus and Haynesville shale formations.

Haynesville Riding LNG Wave to Gulf Coast

(P&GJ) — With the primary driver of U.S. natural gas demand growth continuing to be LNG exports, the bottlenecked pipeline takeaway capacity in the gas-rich Marcellus Shale has left the Haynesville shale, along with the Permian Basin, as the two regions with the most consistent midstream growth.

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