Permian
EIA: Permian Oil Output Forecast to Hit Record High in September
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bbl/d) to a record 5.408 million bbl/d in September, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday.
Enterprise to Build Two Natural Gas Plants, Expand Shin Oak Pipeline System in Permian
Enterprise Products Partners LP has unveiled plans to build two natural gas processing plants and expand the Shin Oak natural gas liquid pipeline system in the Permian Basin to further support ongoing production growth in the basin.
Sunbridge Energy Services Launches Natural Gas Compression Station in Permian Basin
Helping to meet Permian operators’ emission reduction goals, the company’s natural gas compression station will come online on Aug. 31 in the North Midland Basin with a capacity of 50 million cubic feet per day.
Energy Group MPLX Boosts Pipeline Throughput by 6% in Second Quarter
U.S. midstream oil and natural gas company MPLX LP said Tuesday it had increased total pipeline throughputs by 6% in the second quarter of 2022 and terminal throughput by 4%, compared with year-ago levels.
Magellan's Permian-Houston Crude Pipelines Volumes Drop
Volumes on Magellan's 450-mile (724-km) Longhorn crude oil pipeline from West Texas to Houston averaged about 200,000 barrels per day (bbl/d) in the three months ended June 30 compared with 260,000 bbl/d in the same period last year.
Sources: ConocoPhillips Eyes Gulf of Mexico Exit to Strengthen Permian Position
ConocoPhillips is exploring a sale of its stake in the Ursa platform and Princess subsea well in the Gulf of Mexico in what would mark its exit from deepwater energy production off the U.S. Gulf coast, sources told Reuters on Wednesday.
Kinder Morgan Green Lights Permian Natural Gas Pipeline Expansion Project
Pipeline operator Kinder Morgan has given the greenlight to financing expanded capacity on the 428-mile Permian Highway Pipeline, which currently carries 1.2 Bcf/d from the Permian Basin of West Texas and New Mexico.
EnLink Midstream Founder, CEO Barry Davis to Retire
EnLink Midstream Chairman and CEO Barry E. Davis will retire from EnLink, the company he led the founding of, after more than 25 years of leadership, the company announced in a statement.
Targa Resources to Acquire Permian Gas Gathering, Processing Assets in $3.55 Billion Deal
Targa Resources has agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, a deal that includes a portfolio of about 1,050 miles of natural gas pipelines in the Delaware Basin.
Matador Resources Acquires Permian Pipeline, Gathering System in $75 Million Deal
Matador Resources Co. has agreed to acquire Summit Midstream's gathering and processing system in the Permian Basin for $75 million, which includes roughly 45 miles of natural gas gathering pipelines.
Texas Pacific Land, Milestone Carbon to Conduct Carbon Sequestration Study in Permian Basin
Texas Pacific Land Corp. and Milestone Carbon LLC have signed a Letter of Intent to evaluate the geological and geophysical characteristics of roughly 21,000 acres in the Permian Basin for the purposes of sequestering captured CO2.
EnLink Moves Forward with Permian-Houston Natgas Pipeline Project
EnLink Midstream will move forward with the construction of the Matterhorn Express Pipeline, a Permian-to-Houston pipeline that will transport up to 2.5 Bcf/d of natural gas through about 490 miles of pipe.
ArcLight Acquires $857 Million Stake in Kinder Morgan’s Gulf Coast Express Pipeline
ArcLight Capital Partners has closed a $857 million deal to acquire Targa Resources’ wholly-owned subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX) in the Permian Basin.
U.S. Update: Midstream Markets Turn Up Gas on Higher Prices, Global Demand
The surge of LNG expansion activity continued in March and April after the Ukraine invasion, as President Joe Biden promised the United States would deliver at least 15 Bcm in additional LNG to Europe this year than previously planned, with more to come in future years.
Kinder Morgan’s Gulf Coast Pipeline Launches Open Season for Expansion Project
Gulf Coast Express Pipeline LLC has launched an open season to solicit commitments for an expansion project on its system, which will increase natural gas deliveries from the Permian Basin to South Texas markets.
Plains All American Raises 2022 Profit Forecast as Permian Ramps Up
Plains All American Pipeline LP raised its profit forecast for the year by 3.4% on Wednesday, partly as higher oil and gas prices are expected to boost production and volumes shipped on pipelines from the top U.S. shale field.
Energy Transfer Announces Higher Transportation Volumes for Q1 2022
Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.
Energy Transfer to Supply LNG to SK Gas in 18-Year Deal
Energy Transfer LP has executed a long-term sale and purchase agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum (MTPA) of LNG from Energy Transfer’s Lake Charles LNG export facility.
MPLX to Move Forward with Permian, Bakken Pipeline Expansion Projects
MPLX LP will advance projects focused on expansions and reducing bottlenecking on its crude and natural gas long-haul pipelines in the Permian and Bakken, starting with the 450-mile Whistler pipeline that transports from the Permian to South Texas.
Enterprise Products Sees Volumes Rise 16% on Crude Pipeline
Enterprise Products Partners' reported volumes climbed 16% on its Midland-to-ECHO pipeline, which transports crude from the heart of the Permian basin to Enterprise's ECHO terminal in Houston.
EPIC Crude Delivers Record Volumes from Permian Basin, Eagle Ford
Formed in 2017, the company built and operates a 700-mile crude oil pipeline that extends from Orla, Texas, to the port of Corpus Christi, servicing the Delaware, Midland and Eagle Ford basins
Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction
Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.
Whistler Pipeline Announces Lateral Expansion
Whistler Pipeline LLC announced the expansion of the Whistler pipeline’s Midland basin footprint with a new 36-inch lateral extending northwest into Martin County, Texas.
Aerial Surveys Detect Dozens of Methane 'Super-Emitters' in Permian
The facilities, which include pipelines, were observed as "persistently" emitting large volumes of methane over the three years of aerial surveys.
Proteum Energy and Istmo Energy to Produce Low-Cost Hydrogen in the Permian Basin
Proteum Energy entered a Memorandum of Understanding with Istmo Energy for Proteum to provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen.
About Half of US Oil Pipeline Space is Empty After Boom Time Building Spree
About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas.
Report: High Rates of Methane Spewing from Permian Oilfield Operations
Methane continues to escape at a high rate from oil and gas operations in the Permian Basin, according to an aerial survey released Tuesday.
Permian Oil Output Forecast to Hit Record High in January -EIA
Output from the Permian is closely watched by the global oil market because it has pipeline access to export hubs in Houston.
Permian Shale Producers Warn of Natural Gas Takeaway Constraints
U.S. oil and gas producers Diamondback Energy and ConocoPhillips said the top U.S. shale field will face natural gas pipeline constraints as production grows and companies strive to reduce flaring.
15-Mile Pipeline Provides Path for High-Temp Water from Deep Underground
The Desert Hills pipeline would eventually use approximately 80,000 feet of polyethylene, raised temperature high-density polyethylene PE 4710 pipe to provide E&P companies with a way to dispose of the water.
- 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
