Permian

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.

Energy Transfer Announces Completion of Lone Star Express Pipeline Expansion Project

Energy Transfer has completed the expansion of its Lone Star Express natural gas liquids pipeline.

Kinder Morgan Reroutes Portion of Permian Pipeline, Reaffirms Commitment

Texas energy firm Kinder Morgan remains committed to its Permian Highway Pipeline and has agreed to reroute a short portion of the project after experiencing drilling fluid spills and notable opposition in recent months.

New Midstream Joint Venture to Provide Permian Basin NGL Takeaway Capacity

Three U.S. midstream companies have formed a new joint venture to provide transport solutions for natural gas liquids in the Permian Basin.

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.