Permian
Matterhorn Pipeline Ramps Up Natural Gas Flow, Lifts Waha Prices
The Matterhorn Express Pipeline has started transporting gas into pipelines near Katy, marking the long-awaited launch of the Permian project. This week, Waha prices surged following the new pipeline's opening, although Permian gas prices remain low, according to East Daley Analytics.
FERC Sides with Williams in Energy Transfer Dispute Over Louisiana Energy Gateway Pipeline
(P&GJ) — FERC has sided with Williams in a dispute with Energy Transfer, ruling that the Louisiana Energy Gateway project is a gathering network, not subject to federal jurisdiction. This clears the way for Williams to proceed with the project without regulatory oversight under the Natural Gas Act.
Diamondback, Kinetik Acquire 30% Stake in EPIC’s 800-Mile Crude Oil Pipeline
EPIC Crude is an 800-mile crude oil pipeline system that connects the Delaware, Midland Basin, and Eagle Ford supply to EPIC's 3.4 million barrel Robstown Terminal near Corpus Christi.
Texas Sues Biden Administration Over Lizard Protection, Cites Threat to Permian Basin Oil Operations
Texas Attorney General Ken Paxton has sued the Biden administration over the dunes sagebrush lizard's endangered status, claiming it threatens oil and gas production in the Permian Basin. The lawsuit argues that the decision is politically motivated and could harm Texas' energy industry.
Energy Leaders Believe VP Harris Won’t Ban Fracing, Citing Gas Price Risks
U.S. Vice President Kamala Harris understands natural gas prices will rise if fracing is banned, industry executives said, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president.
Chevron CEO Criticizes Biden’s Gas Policies, Says AI Depends on Permian Gas
Chevron CEO Michael Wirth criticized the Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
Wood to Design DeLa Express Gas Pipeline Linking Texas to Louisiana
The 690-mile pipeline project being developed by DeLa Express LLC is proposed to deliver liquids-rich natural gas from the Permian Basin of West Texas to the U.S. Gulf Coast and international export markets.
Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
Williams' Transco has applied for a temporary emergency certificate from FERC to continue operating its new $1 billion natural gas project running through five mid-Atlantic states after the regulator's approval was vacated.
Permian Basin to Gain 7.3 Bcf/d in Pipeline Capacity Amid Gas Glut
New pipeline projects in the Permian Basin will add 7.3 Bcf/d of gas capacity, addressing growing production and easing pressure on Waha Hub prices.
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.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
