Permian
Occidental Petroleum Nears $1 Billion Sale of Texas Oil Assets to Permian Resources
U.S. oil producer Occidental Petroleum is nearing a deal to sell its assets in the Barilla Draw region of Texas to Permian Resources for about $1 billion, Reuters reported on Thursday.
Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
(P&GJ) — Williams has notified FERC of its plans to commence construction for its Louisiana Energy Gateway pipeline on July 25. However, Energy Transfer has responded to the filing with concerns, arguing that Williams is proceeding without full regulatory clarity from FERC on the project’s jurisdictional status.
Archrock to Buy Natural Gas Compression Firm TOPS for $983 Million
The transaction comes as dealmaking in the Permian shale basin, the largest U.S. oilfield that straddles West Texas and New Mexico, has extended to this year after a bumper 2023.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Woodside Energy to Acquire Tellurian for $1.2 Billion, Securing Future of Driftwood LNG Project
The agreement could strengthen the United States' position as the world's largest producer of the superchilled gas by securing the completion of Tellurian's 27.6 million metric ton per annum facility in Lake Charles, Louisiana.
Canadian Crude Exports from U.S. Gulf Coast Dip Slightly Despite TMX Startup
About 150,000 barrels per day of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline, which pulled some barrels west to Vancouver, shipping tracking data showed.
WTI Futures Backwardation Hits 8-Month High as Cushing Stocks Fall
The premium for front-month U.S. crude oil futures over the second-month contract CLc1-CLc2 widened to its highest since October on Wednesday, LSEG data showed, as stocks at the WTI delivery point, Cushing, Oklahoma, fell last week to a three-month low.
LNG’s Role in a Realistic Energy Transition
We are observing remarkable expansion and diversification within the global LNG market. It is projected that the market will grow from 400 million tons in 2023 to over 600 million tons by 2029.
Sempra, Bechtel Ink Deal for Port Arthur LNG Phase 2 Expansion
Sempra has signed a fixed-price agreement with Bechtel Energy to build the second phase of the Port Arthur liquefied natural gas (LNG) export plant in Texas.
Kinder Morgan Launches Binding Open Season for South System Expansion 4 Project
Kinder Morgan has launched a binding open season on its proposed South System Expansion 4 project, designed to increase Southern Natural Gas Pipeline's South Line capacity by 1.2 billion cubic feet per day.
Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
A natural gas pipeline in Reeves County ruptured on July 15, marking the second such incident in the area within 11 months.
DeLa Express Advances 690-Mile Permian-to-Louisiana Pipeline with FERC Pre-filing Progress
DeLa Express advances its 690-mile Permian-to-Louisiana pipeline project with FERC pre-filing progress, aiming to transport natural gas from Texas to Louisiana markets. The project includes extensive environmental surveys and engages stakeholders early to address regulatory requirements.
Energy Transfer, Sunoco Join Forces in Permian Basin Crude Venture
U.S. pipeline operator Energy Transfer and fuel distributor Sunoco on Tuesday said they would form a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin.
Freeport LNG Resumes Natural Gas Imports Post-Hurricane Beryl
Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when it shuts.
Energy Transfer Completes WTG Midstream Acquisition, Expanding Pipeline Network by 6,000 Miles
This acquisition bolsters Energy Transfer’s Permian Basin operations with an additional 6,000 miles of gas gathering pipelines, primarily in the Midland Basin.
Gibson Energy Extends Contract, Adds Cactus II Pipeline Connection
Gibson Energy Inc. has approved a new connection to the Cactus II Pipeline at its Gateway Terminal in South Texas, providing customers with access to up to 700,000 barrels per day of additional supply.
WhiteWater's ADCC Pipeline in South Texas Starts Transporting Natural Gas
WhiteWater said the pipeline provides Cheniere direct access to Permian and Eagle Ford volumes in addition to volumes sourced along the Gulf Coast.
ConocoPhillips, Marathon Oil Face Second FTC Inquiry on $22.5 Billion Merger
Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil.
Shell's Gas Bet Takes Shape with New LNG Deals
Shell has replaced LNG volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.
Kansas Fed: Q2 Oil, Gas Activity Declines in U.S. Rockies and Midwest, Rebound Expected
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in a quarterly energy survey.
Diversified Acquires East Texas Gas Assets, Including 500 Miles of Pipelines, for $106 Million
Diversified Energy Company has agreed to buy natural gas assets, including over 500 miles of pipelines and compression facilities, in eastern Texas from Crescent Pass Energy for $106 million.
Post Oak Energy, Genesis Park Sell Layne Water Midstream Stake in All-Cash Deal
Both firms had invested in LWM since early 2019, collaborating closely with LWM's management to expand its customer base and presence in the Permian Basin.
U.S. Natural Gas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday.
Texas Oil Companies Restart Operations After Hurricane Beryl
Oil and gas companies in Texas were restarting operations on July 9 after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.
Devon Energy to Acquire Grayson Mill's Williston Assets for $5 Billion
Devon Energy has entered into a deal to acquire private equity firm EnCap-owned Grayson Mill Energy's Williston basin business in a cash-and-stock deal worth $5 billion, as it aims to cash in on high stock valuations to grow acreage.
Freeport LNG Gas Flows Hit Near Zero During Hurricane Beryl
During Hurricane Beryl, natural gas flows to Freeport LNG's export plant in Texas plummeted to near zero, impacting U.S. LNG exports.
Largest Texas Ports Close; Enbridge Activates Emergency Plans, Kinder Morgan Shuts Facilities as Hurricane Beryl Nears
Largest Texas ports close as Hurricane Beryl nears, affecting Enbridge and Kinder Morgan operations. The companies implemented emergency plans and facility shutdowns ahead of the storm's landfall on the Texas coast.
Elevation Midstream and ARB's Platte River Merge to Lead DJ Basin Consolidation
The Platte River assets include more than 200 miles of crude gathering and transmission pipelines and offer multi-market optionality to customers via the Platteville and Lucerne Terminals.
Exxon's Q2 Outlook Affected by Pioneer Deal and Gas Price Trends
Exxon's second-quarter outlook hinges on the impact of its Pioneer acquisition and fluctuating gas prices, amid broader market dynamics.
Energy Transfer Unable to Block Williams Pipeline Construction, Louisiana Judge Rules
In a recent ruling by a Louisiana district court, Williams Companies Inc. has been granted permission to build a natural gas pipeline intersecting Energy Transfer LP’s conduit.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
