Permian

Trump Seeks out Loyal Donors in West Texas Oilpatch

President Donald Trump's visit to a U.S. fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut that is putting the squeeze on his loyal donors in the petroleum industry.

Experts: Data, Flexibility Key in Crafting Methane Rules

Regulators in New Mexico are working with several groups, including oil and gas experts, to craft rules to help the industry to reduce methane emissions.

Phillips 66 to Raise Rates for Gray Oak Crude Pipeline

Phillips 66 is proposing to raise its tariff rates on its Gray Oak, Permian Basin pipeline.

Texas Will Not Mandate Oil Production Cuts

Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether they would wade into global oil politics for the first time in 50 years as crude prices cratered.

MPLX Abandons Permian NGL Pipeline Amid Industry Downturn

MPLX LP said on Tuesday it is no longer pursuing a Permian-to-Gulf Coast NGL pipeline after the collapse in oil prices and said it will focus on expanding capacity on existing pipelines instead.

Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins

As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.

Texas Oil Hearing Stirs Debate but No Decision; Oklahoma Sets May Hearing

Texas energy regulators listened as top executives on Tuesday debated whether the state should cut oil output by 1 million barrels per day, but did not indicate how they might vote after more than 10 hours of sometimes dire testimony.

FERC Issues Favorable Environmental Assessment for Double E Pipeline

Summit Midstream and Exxon Mobil's Double E pipeline carrying natural gas from the Permian Basin to the Waha Hub in Texas has received a favorable environmental review from U.S. regulators.

Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts

Phillips 66 said the Red Oak Pipeline, Sweeny Frac 4 and Liberty Pipeline projects have all been deferred by cost-cutting efforts. A final investment decision on ACE Pipeline also was postponed.

Texas Producers, Regulator Ask State, President for Curtailments as Prices Collapse

Texas oil producers are asking for production curtailments in the state to help stabilize plummeting oil prices.

Kinder Morgan Uncertain About Permian Pass Pipeline

U.S. energy company Kinder Morgan Inc said its proposed Permian Pass natural gas pipeline in Texas faced an uncertain future since no customers for the project have been lined up in the current low-price environment.

ONEOK to Expand Elk Creek Pipeline

ONEOK has announced plans to expand two of its natural gas pipelines by the end of Q1 2020, including the Elk Creek Pipeline.

Plains All American Pipeline Volumes Get Boost from Cactus II

Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.

Enterprise Products Expects to Complete Part of Wink-to-Webster Crude Pipeline by Year-End

Enterprise Products Partners LP said on Thursday it will own a 29% undivided joint interest in the Wink-to-Webster crude pipeline system and construction on the segment to Webster, Texas, is expected to be completed by the end of 2020.

MPLX Says Reversed Capline Pipeline to Begin Light Crude Service in Mid-2021

MPLX LP said on Wednesday the reversal of the Capline pipeline was progressing as planned, with the line on track to begin light crude service in mid-2021 and heavy crude service in 2022.

U.S. OKs Kinder Morgan Request to Start Texas Lockridge Pipeline Construction

The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas.

Centurion Pipeline Announces Successful Open Season for Augustus Pipeline

Centurion Pipeline has announced the successful completion of its binding open season for the Augustus Pipeline.

U.S. Shale Oil, Natural Gas Output Growth to Hit Slowest in a Year — EIA

U.S. oil and natural gas output in major shale formations is expected to rise by the smallest in about a year in February to record highs, the U.S. Energy Information Administration (EIA) said on Tuesday, as producers pull back on new drilling.

US Development Agency to Finance Mexico Natural Gas Pipeline

In one of the first actions of the new International Development Finance Corporation (DFC), the U.S. government investment organization is pledging more that $600 million to the Rassini natural gas pipeline to be built across southern Mexico.

New Permian Pipelines Boost U.S. Gulf Coast Crude Exports

Three new major pipelines coming out of the Permian Basin have helped crude exports from Corpus Christi, Texas surge in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas.

Fed Survey: Permian Flaring Hits Record; Service Firms Bearish on 2020

The Federal Reserve Bank of Dallas said in its quarterly energy survey that natural gas flaring and venting reached a record high. It also said about half of oil field service firms plan to cut spending in 2020.

Ironwood Midstream II Completes Acquisition of Twin Eagle Systems

Ironwood Midstream Energy Partners II said it has closed on its acquisition of West Texas gathering pipelines from a subsidiary of Twin Eagle Holdings and named a Twin Eagle executive to its management team and board of directors.

Kinder Morgan Expects Slight Profit Increase in 2020

U.S. pipeline operator Kinder Morgan on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend.

New Gas Pipelines Adding Capacity from U.S. South Central, Northeast

The United States is expected to add between 16 billion cubic feet per day (Bcf/d) and 17 Bcf/d of natural gas pipeline capacity in 2019, most of which was built to provide additional takeaway capacity out of supply basins.

Pioneer Natural CEO Calls Out Permian Basin Gas Flaring

The chief executive of Pioneer Natural Resources, Scott Sheffield, called on Permian Basin producers to limit natural gas flaring and to monitor for methane leaks.

Permian Pipeline Expansions Boost Plains' Q3 Volumes

Plains All American reported strong earnings in the third quarter of 2019 as growing demand for pipeline transport drove revenues higher. The results, however, fell short of earnings in last year's third quarter, when Plains benefited from the sale of an interest in BridgeTexas Pipeline.

NGL Energy Partners LP Closes Acquisition of Hillstone

After acquiring Hillstone LLC, NGL Energy now has approximately 380 miles of water disposal pipelines serving the Delaware Basin.

Palisade Pipeline Secures Funding for Permian Water Pipeline

Palisade Pipeline has secured funding to build a water pipeline from Lubbock, TX to the Permian Basin.

Enterprise Midland-to-ECHO Pipeline System Expansions to Add 450,000 bpd Each

Enterprise's CEO reported on the company's earnings call that upcoming expansions on 2 of its pipelines will add 450,000 bpd of capacity to each line.

Gas Futures Rise on Permian Highway Delay

U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts on Thursday after Kinder Morgan delayed the projected in service date for its $2 billion Permian Highway gas pipe in Texas to early 2021.