Permian
U.S. Regulators Approve Startup Preparations for Plaquemines LNG Plant in Louisiana
Federal regulators on Friday gave Venture Global LNG permission to begin preparations for the start-up of liquefied natural gas equipment at its Plaquemines export plant in Louisiana, taking a step closer to first LNG production for the facility, about 20 miles south of New Orleans.
Texas Matterhorn Pipeline Begins Gas Flow, Could Boost Waha Prices, Permian Resources Says
The Matterhorn is the biggest gas pipe under construction that is capable of moving gas that has been trapped in the Permian basin, causing prices at the Waha Hub in West Texas to turn negative a record number of times this year.
Report: U.S. Oil, Gas M&A Nears 2023 High as Focus Shifts from Permian
Nearly $100 billion has been spent by U.S. producers on mergers and acquisitions so far this year, and another $46 billion in assets are currently for sale, according to analysts.
ADNOC Acquires 35% Stake in Exxon’s Texas Hydrogen Plant
Abu Dhabi state oil giant ADNOC will acquire a 35% stake in a planned Exxon Mobil large-scale hydrogen plant in Texas, the companies said on Wednesday.
U.S. LNG Exports Surge in August as Freeport LNG Output Recovers
Exports of U.S. LNG bounced higher in August as output from the country's second-largest export facility rose following an outage and maintenance activities at other plants wound down, LSEG data showed on Tuesday.
Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
Natural gas prices in the Permian shale basin in West Texas have turned negative a record number of times in 2024, including an all-time low on Aug. 30, as pipeline and other constraints trap gas in the nation's biggest oil-producing basin.
Texas Shortlists 17 Gas Plant Projects for $5.4 Billion in State Funding
The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants.
Golden Pass LNG Seeks Three-Year Extension for $10 Billion Project After Dropping Lead Contractor
The developer of a Texas LNG export project has asked U.S. regulators for a three-year extension to complete construction of the $10 billion Golden Pass LNG project, citing scheduling uncertainties.
ONEOK to Acquire EnLink Stake, Medallion Assets in $5.9 Billion Deal
U.S. pipeline operator ONEOK will buy midstream assets in two deals worth $5.9 billion with Global Infrastructure Partners (GIP), bolstering its position in the Permian and Mid-Continent basins amid rapid consolidation in the industry.
Spotlight on Permian: Pipeline Activity Still Pushing Toward Texas-Louisiana Border
While most of the Permian Basin natural gas pipelines built in recent years have targeted LNG export markets south of the Houston area, two proposed intrastate projects have emerged within the last couple of years that will deliver Permian Basin gas to the Texas-Louisiana border region.
New Haynesville Pipeline Projects Near Completion Amid LNG Demand Surge
New pipeline projects in the Haynesville region, such as the 155-mile Louisiana Energy Access Pipeline (LEAP) expansion, are approaching completion to support the increasing LNG export demand from Gulf Coast facilities.
Exxon to Sell $1 Billion in Non-Core Permian Basin Oil Assets
Top U.S. oil company ExxonMobil is looking to sell oil assets in the U.S. Permian Basin that could fetch $1 billion, Bloomberg Law reported on Tuesday.
Baltimore Takes Shale Producers to Court Over Alleged Price-Fixing Scheme
The city of Baltimore has hit major U.S. shale oil producers including Hess and Permian Resources with a lawsuit alleging they conspired to curb production, leading to higher prices for gasoline, diesel fuel and heating oil.
Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
The pipelines that carry crude from the prolific Permian Basin to the Port of Corpus Christi are currently operating at over 90% capacity, and operators warn that this congestion could worsen.
Enbridge, Energy Transfer Confront Takeaway Capacity Crunch Amid Rising Production
Enbridge and Energy Transfer are tackling the challenge of increasing takeaway capacity amid rising U.S. oil and gas production. This exclusive P&GJ article provides an in-depth look at their latest infrastructure projects and market strategies.
Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Million
The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators more valuable.
Oil Producer APA Explores $1 Billion Sale of Permian Basin Assets: Sources
APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters.
Texas Oil Billionaire, Endeavor Energy Founder Autry Stephens Dies at 86
Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, died at age 86 after a prolonged battle with cancer, the company disclosed on Friday.
Brazos Midstream Nears Completion of 175-Mile Gas Pipeline in Midland Basin
The pipeline network covers several counties including Ector, Howard, and Midland, and will connect to 10 compressor stations. Once this phase is completed, Brazos will manage around 260 miles of gathering pipelines in the Midland Basin.
Texas Oil Regulator Faces Scrutiny as "Zombie" Wells Reemerge
On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being plugged just over a year earlier, hissing gas and bubbling toxic water into the dry Texas dirt.
U.S. Shale Boosts Output with Fewer Rigs, Defying Post-Merger Slowdown
Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year.
Occidental Puts CrownRock Expansion on Hold, Targets Debt Cut
Occidental Petroleum said it will focus on cutting debt and catching up with promised production goals before an eagerly anticipated expansion of its cash distribution program.
EnLink Midstream Approves Major Capacity Increase at Louisiana Gas Storage Facility
The Stage 1 expansion, which leverages existing assets at JISH, is expected to cost approximately $85 million and will increase the facility’s working gas storage from 2 Bcf to 10 Bcf.
U.S. Natural Gas Producers Plan Further Output Cuts as Prices Plummet
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.
NextDecade, Bechtel Finalize $4.3 Billion EPC Deal for Rio Grande LNG Train 4
NextDecade Corp. has finalized a $4.3 billion engineering, procurement, and construction (EPC) contract with Bechtel Energy Inc. for Train 4 at its Rio Grande LNG facility.
Trace Midstream Acquires LM Energy’s Delaware Basin Gas Gathering, Transportation Assets
Trace Midstream Partners II has acquired LM Energy’s gas gathering and transportation assets in the Northern Delaware Basin, adding 170 miles of pipeline and 12 compressor stations to its portfolio.
365-Mile Blackcomb Pipeline Project Greenlit to Boost Permian Gas Flow to Gulf Coast
Enbridge, WhiteWater and MPLX have approved the 365-mile Blackcomb Pipeline to transport up to 2.5 Bcf/d of natural gas from the Permian Basin to the Gulf Coast. The project aims to enhance gas takeaway capacity and is slated for completion in late 2026.
Texas Needs More Natural Gas Pipelines as Prices Turn Negative Again
Analysts say that is a sure sign the Permian Basin region needs more gas pipelines, which has already prompted Kinder Morgan, Energy Transfer and other U.S. energy firms to propose new projects.
Report: U.S. Oil and Gas Mergers Surge Past $30 Billion in Q2
The latest round of deals kicked off last autumn with Exxon's $60 billion offer for Pioneer Natural and has spread through the U.S. energy industry, moving across Texas and North Dakota oil and gas producers to energy pipeline operators.
Occidental Sells Delaware Basin Assets to Permian Resources for $818 Million
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- 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
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
