Permian
Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor
Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.
Texas’ Midland Basin Accounts for 15% of US Crude Oil in 2020
Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips
Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.
Western Basins Staying Alive in New Mexico, Colorado
With its portion of the rich Permian Basin booming, New Mexico is about to overtake North Dakota (Bakken Shale) as the nation’s second largest oil producing state, flowing more than 1.1 MMbpd.
Permian Update: America’s Oilfield Builds Back from Another Bust
Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugging its way back from the bottom again.
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
Texas Intrastate Whistler Pipeline Placed in Service
The Whistler Pipeline began full commercial service last month, providing approximately 2.0 Bcf/d of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure sufficient reliable gas takeaway and reduce natural gas flaring in the Permian basin.
Shell Weighs Blockbuster Sale of Texas Shale Assets
Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.
Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility
Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico
Oil Producers Eye Long Road to Recovery as Texas Thaws
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.
Texas Energy Sector Struggles to Thaw After Deep Freeze
Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not used to dealing with frigid temperatures.
Double E Pipeline Gets FERC Approvals
Summit Midstream Partners announced that Double E Pipeline received its Notice to Proceed with construction, as well as approval of its Implementation Plan, from the Federal Energy Regulatory Commission.
Waha Hub Prices Rise with Permian Highway Pipeline in Service
The Permian Basin basis to the Henry Hub briefly went positive as the Permian Highway pipeline entered service, the U.S. Energy Information Administration’s latest weekly natural gas update announced.
Double E Seeks Permission to Build Texas-New Mexico Natural Gas Pipeline
Double E Pipeline is seeking permission from U.S. energy regulators to start building a natural gas pipeline project in Texas and New Mexico, a filing shows.
Permian Highway Pipeline in Service, Kinder Morgan Announces
The Permian Highway Pipeline, which delivers natural gas from the Waha to Katy, Texas area, with connections to the U.S. Gulf Coast and Mexico markets, began commercial in-service at the start of the year.
Pinnacle Midstream II Plans Gathering, Compression System in Midland Basin
Pinnacle Midstream II on Tuesday said it has signed a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy that anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin.
Chevron Tightens Belt Again with Billions in Spending Cuts
Chevron has cut billions off its long-term capital and exploratory budget, even after a major restructuring of its operations, but plans more Permian and GOM spending in 2022.
Tellurian Withdraws Application for Permian Global Access Pipeline
LNG developer Tellurian Inc told federal energy regulators it wants to withdraw its application to build the Permian Global Access natural gas pipeline in Texas and Louisiana.
U.S. Crude Oil Output Rises to 10.86 MMbpd in September
U.S. crude oil production rose 286,000 barrels per day in September to 10.86 million bpd, as production increases in North Dakota and the offshore Gulf of Mexico offset cuts in Texas.
Frontier's Beta Crude Connector Announces Open Season
Beta Crude Connector, through its manager, Frontier Midstream Solutions IV, announced an open season for its BCC system crude oil pipeline located in West Texas.
U.S. Pipeline Gas Exports to Mexico Increase Despite Pandemic
U.S. exports of natural gas to Mexico, almost all of which are transported by pipeline, have continued to increase in 2020 despite the COVID-19 crisis, according to the U.S. Energy Information Administration.
Kinder Morgan Permian Highway Still on Track as Profit Falls
U.S. pipeline operator Kinder Morgan told investors on Wednesday that its Permian Highway pipeline was still on track to begin service in 2021 even as quarterly profit fell 10% due to lower shipping volumes.
ConocoPhillips to Buy Concho Resources for $9.7 Billion
ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand.
Oryx Launches Binding Open Season on Proposed New Gathering System
Oryx Midstream has launched a binding open season to solicit shipper interest in a proposed new gathering system to transport crude from Eddy County, New Mexico to an interconnect with the Trans Permian Pipeline System.
Devon Energy to Buy Shale Peer WPX for $2.56 Billion in Delaware Push
U.S. oil and gas producer Devon Energy Corp said on Monday it will buy Permian basin peer WPX Energy Inc for $2.56 billion as it looks to scale up its presence in the Delaware portion of the prolific shale field.
Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand
Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.
Enterprise Abandons Texas Pipeline Project as Oil Prices Remain Weak
Enterprise Products announced on Wednesday it is canceling its $1.1 billion Midland-Houston oil pipeline due to the collapse in oil prices from the coronavirus pandemic.
Permian Enters Uncharted Waters in Better Shape than Most Regions
With the Coronavirus crisis and its effect on upstream operations putting a damper on all segments of the midstream sector, some major projects in the Permian Basin appear to be moving forward, albeit at a slower and far more cautious pace.
Police Investigating Bomb Hoax at Texas Pipeline Construction Site
State and federal law enforcement officials are investigating a device made to look like a bomb that was placed near a construction site for Kinder Morgan's Permian Highway Pipeline in Texas.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
