Marcellus

Phillips 66 Explores Sale of Stake in 1,700-Mile REX Pipeline, Sources Say

U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday.

U.S. Pipeline Firms Poised for M&A Wave Following Largest Customers

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.

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).

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.

MPLX Exceeds Q4 2023 Expectations with Surge in Pipeline Volumes

Midstream energy company MPLX on Tuesday reported higher fourth-quarter earnings, beating expectations, as its pipelines transported an increased volume of energy products.

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.

Gas Producer EQT Explores $3 Billion Sale of Marcellus Shale Well Stakes

The stakes EQT is planning to sell are in assets spread across Northeast Pennsylvania with current production of around 700 million cubic feet per day, the sources said.

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.

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.

U.S. Oil M&A Jumps as Private Equity Unloads Shale Assets

U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals.

NextEra Partners to Sell Texas, Pennsylvania Gas Pipeline Assets in Renewables Shift

(P&GJ) — Capitalizing on the affordability and demand for significant investments in decarbonizing the U.S. economy, NextEra Energy Partners LP is refocusing on renewable energy. As part of this strategy, the business intends to sell its STX Midstream in the Eagle Ford shale play and Pennsylvania’s Meade natural gas pipeline assets, positioning itself as a fully renewables-based company.

Marcellus Bottlenecks Continue to Muddy the Picture

(P&GJ) — It has gotten to be a familiar yet no less frustrating story for midstream operators in the Marcellus-Utica region: pipeline takeaway capacity remains bottlenecked and production from the gas-rich region continues to stagnate.

EIA: US Shale Production Set to Rise to Highest on Record in June

U.S. oil output from the seven biggest shale basins is due to rise in June to the highest on record, data from the Energy Information Administration showed on Monday. Oil output is set to rise by 41,000 barrels per day (bpd) to 9.33 million bpd, the EIA said.

Record US Crude Exports, Rising Shale Output Boosts Oil Flow to Houston

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.

MPLX Reports Boost in Total Pipeline Throughputs in Q1 2023

The company's overall gathered volumes averaged 6.4 billion cubic feet per day (Bcf/d), a 21% increase from the first quarter of 2022, it said. Gathered volumes in the Marcellus in Pennsylvania averaged 1.4 Bcf/d, or a 4% increase. Additionally, it announced that it is working to expand natural gas long-haul and crude gathering pipelines for the Permian and Bakken basins.

Kinder Morgan Beats Profit Estimates on Higher Natural Gas; Permian Pipeline Expansion Delayed

Kinder Morgan Inc. on Wednesday beat profit expectations for the first quarter as the U.S. pipeline operator transported higher volumes of natural gas primarily from Haynesville and Eagle Ford systems.

Japan's Mitsui Buys US Gas Asset in 'Pragmatic Solution' for Energy Transition

Japan's Mitsui & Co. Ltd. has bought a 92% stake in an unconventional gas asset in Texas and plans to promote its gas business as a "pragmatic solution" for the energy transition, it said on Thursday.

EIA: US Crude Output Rose in January to Highest Since March 2020

The EIA said that among the top oil-producing states, monthly output in Texas rose 1.5% to 5.24 million bbl/d, the highest since March 2020. In North Dakota, output jumped 10.2% to about 1.05 million bbl/d, the highest since November 2022.

Fed Survey: Activity in Top US Oil Fields Stall, Outlook Sours

U.S. oil and gas activity stalled in the first quarter as production gains slowed and drillers' outlooks turned negative, according to a survey released on Wednesday by the Federal Reserve Bank of Dallas.

Chesapeake Energy to Reduce Drilling on Lower Natural Gas Prices

U.S. natural gas producer Chesapeake Energy on Wednesday said it would pull back on drilling and completing wells this year as natural gas prices fell to a quarter of what they were last summer.

PIT and CNX Resources Partner on Emission Reduction Measures

Natural gas will be used at the airport and transformed into alternative fuel through CNX technology.

Marcellus, Utica Operators Post Victories, Recalibrate

To be sure, it has not been an easy road, but of all the projects that have been completed this year, the Mariner East system may be midstream’s most satisfying – it certainly has been for those in the Marcellus and Utica shale plays of Pennsylvania, West Virginia and Ohio.

U.S. Update: Midstream Markets Turn Up Gas on Higher Prices, Global Demand

The surge of LNG expansion activity continued in March and April after the Ukraine invasion, as President Joe Biden promised the United States would deliver at least 15 Bcm in additional LNG to Europe this year than previously planned, with more to come in future years.

Energy Transfer to Supply LNG to SK Gas in 18-Year Deal

Energy Transfer LP has executed a long-term sale and purchase agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum (MTPA) of LNG from Energy Transfer’s Lake Charles LNG export facility.

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.

Mariner East Pipeline System Construction Complete, Commissioning in Progress

After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.

U.S. Appalachian Gas Pipeline Projects Go by the Wayside

Many of the proposed pipelines to deliver gas to the Appalachian region have been scuttled in recent years, running into opposition to fossil-fuel infrastructure, regulatory problems, or protests from environmental groups.