Permian

Coterra Expands in Permian with $4 Billion New Mexico Acquisitions, Adds 125 Miles of Pipeline

Coterra Energy Inc. has announced agreements to acquire assets from Franklin Mountain Energy and Avant Natural Resources for a combined $3.95 billion.

U.S. Natural Gas Prices Hit 25-Year Low at Henry Hub, Drop into Negative at Waha

U.S. natural gas prices plunged to a 25-year low at Henry Hub and into negative territory at Waha, driven by mild weather, low demand, and pipeline constraints.

Freeport LNG Sets New Gas-Processing Record After Plant Overhaul

Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.

WhiteWater Reaches FID on 170-Mile, 1.75 Bcf/d Pelican Pipeline to Serve Louisiana’s Gillis Hub

WhiteWater has announced it will proceed with constructing the Pelican Pipeline, a major natural gas line stretching 170 miles from Williams, Louisiana, to the Gillis Hub near Ragley, Louisiana.

TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand

TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.

Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline

Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.

Energy Transfer Receives 16 Bcf/d Natural Gas Requests Amid Growing Data Center, Power Needs

Energy Transfer reported a substantial increase in requests to connect over 90 power plants and data centers, with potential demand totaling up to 16 Bcf/d of natural gas. The surge is fueled by growth in data centers supporting AI, and pipeline proximity could allow Energy Transfer to capture a significant portion of this new demand.

Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant

Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.

Trump’s Return May Shift U.S. Energy Focus, but Clean-Energy Boom Remains Strong

Donald Trump's return to the White House would likely redirect U.S. energy policy towards oil and gas, but experts believe the nation's clean-energy boom will maintain momentum due to existing subsidies and market dynamics.

Texas Reelects Craddick to Lead Oil Regulatory Body, Signaling Continued Industry Growth

Texas voters have re-elected Christi Craddick as chair of the Texas Railroad Commission, reinforcing her conservative stance on energy regulation and signaling further growth for the state’s oil industry, including the Permian Basin.

Texas GulfLink Project Gets EPA Backing for Crude Export Hub off Texas Coast

The U.S. Environmental Protection Agency (EPA) has given its nod to the Texas GulfLink (TGL) Deepwater Port Project, a venture proposed by Texas GulfLink Holdings, a subsidiary of Sentinel Midstream LLC, intended to facilitate crude oil exports from the U.S. coast.

Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation

Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.

Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction

Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.

U.S. Crude Oil Pipeline Squeeze Boosts Prices at Gulf Coast Export Hub

U.S. crude oil prices at the Gulf Coast export hub have surged due to limited pipeline capacity from the Permian basin. A growing demand for light sweet crude, alongside record production, has widened the price gap between West Texas and Houston.

Enbridge Q3 Profit Surges on U.S. Gas Acquisitions, Raises Growth Forecast

New investments included the $1.1 billion Sequoia Solar project in Texas and the $700 million offshore Canyon System Pipelines project on the U.S. Gulf Coast.

ONEOK Completes $2.6 Billion Medallion Acquisition, Largest Private Crude System in Permian

ONEOK, Inc. announced the completion of its $2.6 billion acquisition of Medallion Midstream, the largest privately held crude oil gathering and transportation system in the Permian Basin's Midland region, from Global Infrastructure Partners.

ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition

ConocoPhillips is exploring the sale of over $1 billion in Permian shale assets, part of its strategy to streamline operations ahead of its Marathon Oil acquisition. The Houston-based oil and gas producer aims to raise $2 billion through asset sales.

ONEOK’s Q3 Profit Surges 53% on Rocky Mountain NGL Demand; Annual Forecast Narrowed

ONEOK’s third-quarter profit rose 53%, driven by strong natural gas and NGL demand in the Rocky Mountain region. The pipeline operator narrowed its annual forecast, reflecting growth in its NGL and refined products segments and continued asset expansion.

U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say

U.S. liquefied natural gas (LNG) exports could face setbacks if Donald Trump wins the election and imposes a proposed 60% tariff on Chinese imports, analysts say. The move may lead to trade tensions and reduce demand for U.S. LNG from China, affecting export growth.

EQT Sells Remaining Pennsylvania Natural Gas Assets to Equinor for $1.25 Billion

EQT Corp. has agreed to sell its remaining Pennsylvania natural gas assets to Equinor for $1.25 billion, with proceeds aimed at reducing debt following its recent pipeline acquisition. The transaction also expands Equinor’s U.S. production footprint in the Marcellus shale.

New Oil Pipelines from Permian Unlikely as Top Operators Prioritize Expansions

Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of the Permian shale field in West Texas because of tepid volume growth and difficulties constructing new lines.

Enterprise Products Not Considering New Permian Oil Pipeline, Says Co-CEO

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian shale field in West Texas, co-CEO Jim Teague said on Thursday.

U.S. Allocates $196 Million for Natural Gas Pipeline Modernization

The funding, part of President Biden's Bipartisan Infrastructure Law, will support 60 projects aimed at enhancing safety, reducing environmental harm, and lowering energy costs by replacing leak-prone pipelines.

Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges

As Permian Basin crude becomes lighter, refiners face challenges in processing super-light oil, potentially leading to lower demand for WTI Midland and affecting Brent prices. Refiners may need to blend with heavier crude, raising concerns about future refinery configurations.

Four Petroleum Liquids Pipelines Completed in U.S. Since 2023

Four new petroleum liquids pipelines, including three crude oil projects and one hydrocarbon gas liquids (HGL) pipeline, have been completed in the U.S. since 2023, according to data from the U.S. Energy Information Administration’s (EIA) updated Liquids Pipeline Projects Database.

New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output

The Matterhorn Express pipeline, the first new natural gas pipeline in the Permian Basin in three years, is alleviating gas bottlenecks and boosting oil production by freeing up gas flow to Gulf Coast export hubs. This new capacity is expected to significantly increase shale output in west Texas.

Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation

Cheniere Energy moves closer to starting production at its Corpus Christi Stage 3 LNG export facility in Texas, receiving federal approval for key operations. The expansion will add around 10 million metric tons per year to U.S. LNG export capacity.

Imperative Chemical Expands with Acquisition of Performance Chemical

Imperative Chemical Partners has acquired Performance Chemical Company (PCC), a Midland-based provider of specialty chemical solutions for midstream and production operators in the oil and gas industry.

APA Curtailed 103 MMcf/d of Natural Gas in Q3 Amid Low Prices

U.S. shale producer APA Corp. curtailed about 103 million cubic feet per day (MMcf/d) of natural gas production in the third quarter in response to weak commodity prices, the company said on Wednesday.

Matterhorn Pipeline Ramps Up Natural Gas Flow, Lifts Waha Prices

The Matterhorn Express Pipeline has started transporting gas into pipelines near Katy, marking the long-awaited launch of the Permian project. This week, Waha prices surged following the new pipeline's opening, although Permian gas prices remain low, according to East Daley Analytics.