Permian

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.

Enterprise Expands Permian Operations with New 300 MMcf/d Gas Processing Plant

Enterprise Products Partners will build a natural gas processing plant in Texas to expand its operations in the Permian Basin, the U.S. energy firm said on Wednesday.

Summit Midstream Launches Open Season on Natural Gas Pipeline

Pipeline operator Summit Midstream Partners on Monday launched a non-binding open season to gauge interest for services of a natural gas pipeline running from the Delaware Basin in New Mexico and Texas to the Waha hub in West Texas.

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.

Enbridge to Form Natural Gas Supply Venture Connecting Permian and Gulf Coast

Canadian pipeline operator Enbridge said on Tuesday it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.

Matador Completes Natural Gas Pipeline Connections in Delaware Basin

Matador Resources Company has announced the successful completion of natural gas pipeline connections between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s acreage obtained in the Advance acquisition.

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).

Occidental Says Crownrock Deal Delayed by FTC Requests of 'Everything'

Occidental Petroleum on Thursday said a U.S. regulator's second request for information on the acquisition of shale producer CrownRock has pushed back the deal's closing date to second half this year.

Spotlight on Bakken: Gas Expansions Offer Alternative to Permian Constraints

Fueled primarily by U.S. production growth concentrated around the oil-generating geology of North Dakota, the Williston Basin’s midstream footprint has expanded according to the region’s evolving needs.

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.

Diamondback Energy to Acquire Endeavor Energy in $26 Billion Deal

Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt.

Plains All American Sees Record Permian Crude Output in 2024

Plains All American said on Friday it expects crude production in the Permian basin, the top U.S. oilfield, to grow between 200,000 and 300,000 barrels a day (bpd) to a record by the end of this year.

ConocoPhillips Beats Quarterly Profit Estimates with Higher Production

U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition.

Permian Deal Frenzy Dampens 2024 U.S. Oil Growth Prospects

Oil production in the prodigious Permian shale basin in Texas and New Mexico this year will see the slowest annual growth since 2021, according to market participants, as a slew of acquisitions reduces activity among private drillers.

Chevron Exceeds Permian Production Estimates, Signals Growth Potential

After a year marked by oil and gas production setbacks, Chevron Corp. on Friday delivered a better-than-expected 10.7% annual gain from the Permian Basin, its top shale-producing region.

Permian Resources Continues Expansion in New Mexico with $175 Million Deals

The company has acquired about 11,500 net leasehold acres and 4,000 net royalty acres located in Eddy County from undisclosed third-parties.

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.

APA to Acquire Rival Callon Petroleum in $4.5 Billion Deal

U.S. oil producer APA said on Thursday it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 billion including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.

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.

Occidental Petroleum to Acquire Permian Oil, Gas Producer CrownRock for $12 Billion

Occidental Petroleum said on Monday it would buy Permian basin-focused energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. oilfield.

Sources: Endeavor Energy Explores Sale for as Much as $30 Billion

Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter.

Occidental in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.

Energy Transfer's Pipeline Network Surpasses 125,000 Miles with Crestwood Acquisition

Energy Transfer now owns and operates more than 125,000 miles of pipelines and related assets in all the major U.S.-producing regions and markets across 41 states, further enhancing its leadership position in the midstream sector.

Enterprise Reveals Permian Growth Projects; Takes Seminole Pipeline Out of Crude Oil Service

(P&GJ) — Enterprise Products Partners L.P. has announced four new capital projects in the Permian Basin and also revealed that it has begun initial steps to return the Seminole Pipeline, which has a capacity of 210,000 bbl/d of crude oil, to natural gas liquid (NGL) transportation service in December 2023.

MPLX Completes Whistler Pipeline Expansion, Advances Permian Gas Processing Plant

In the Permian Basin, MPLX completed its Whistler pipeline expansion from 2 Bcf/d to 2.5 Bcf/d at the end of Q3. In the Delaware Basin, MPLX also progressed the construction of its sixth natural gas processing plant, Preakness ll, expected online in the first half of 2024, the company said.

As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch

Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.

Exxon's $60 Billion Acquisition of Pioneer Boosts Permian Presence

Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production.

Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin

(P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.