Permian

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.

Phillips 66 Sets Rates for Gray Oak Crude Pipeline

— Phillips 66 Partners LP set spot rates of $4.75 a barrel to ship crude on its new 900,000-barrel-per-day (bpd) Gray Oak crude pipeline within points in Texas, according to a filing this week.

FERC Approves Sendero Carlsbad Gateway Project

Federal regulators have authorized construction of the Sendero Carlsbad Gateway natural gas project in the Permian Basin, including a 23-mile, 400 Mmcf/d pipeline from its Carlsbad processing plant to White Water Midstream's Agua Blanca pipeline.

Permian Highway Pipeline Clears Key Legal Hurdle

Kinder Morgan’s Permian Highway Pipeline reached major milestone as the City of Kyle, Texas, approved a settlement agreement allowing construction of the pipeline through the city.

Kinder Morgan's Gulf Coast Express Pipeline Placed in Service

Kinder Morgan said its Gulf Coast Express Pipeline will begin full commercial in-service today, helping to relieve natural gas takeaway constraints and reduce flaring in the Permian Basin.

LM Energy Completes First Phase of Touchdown Gathering System

Dallas-based LM Energy Holdings said it has completed Phase I of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin and will begin transporting crude oil in October.

Blue Mountain Launches Open Season for Gathering Systems

Blue Mountain Midstream announced its Wildcat subsidiaries launched an open season for new crude oil and water gathering systems and services in central Oklahoma.

Kinder Morgan Closer to 3rd Permian Pipeline

Kinder Morgan is “moving along” with plans for a third major pipeline project from the Permian Basin – the newly named Permian Pass, which would deliver natural gas from West Texas to the Sabine area of the East Texas-Louisiana Gulf Coast, CEO Steven Kean said.

Plains All American to Remove Steel Tariff Surcharge on Cactus II

Plains All American Pipeline filed with U.S. regulators to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.

Tellurian Finds Strong Demand for Permian Global Access Project

An open season for Tellurian’s Permian Global Access Pipeline (PGAP) drew strong demand from West Texas natural gas producers seeking delivery to the rapidly growing natural gas market in Southeast Louisiana.

Texas Waha Gas Prices Rise Ahead of Gulf Coast Pipeline Start-Up

Spot natural gas prices at the Waha hub in the Permian basin in West Texas rose to their highest since March as Kinder Morgan Inc’s new Gulf Coast Express pipeline prepares to enter service over the next month.

NuStar Completes Pipeline Projects, Begins Moving Volume

NuStar Energy has announced that it has completed and is moving volumes on three key pipeline projects that will significantly expand the partnership's capacity to move Permian crude oil to Corpus Christi for export, and to move refined products into Northern Mexico.

New Pipelines, Hurricane Drive WTI Inventories Down, Prices Up

U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.

Plains All American to Remove Steel Tariff Surcharge on Cactus II

Plains All American Pipeline filed with U.S. regulators on Monday to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.

Tellurian Files for FERC Review of Permian Global Access Pipeline

Tellurian has asked the Federal Energy Regulatory Commission (FERC) to initiate a review of its proposed Permian Global Access Pipeline following an oversubscribed open season for the 625-mile natural gas project from West Texas to Southeast Louisiana's growing LNG export market.

Permian Basin Natural Gas Prices Rise as GCX Nears Completion

Natural gas spot prices at the Waha hub in West Texas closed at their highest price since March as the 2 Bcf/d Gulf Coast Express (GCX) pipeline is preparing to enter service, according to a Thursday update from the U.S. Energy Information Administration (EIA).

Lotus Midstream Considers Reversing West Texas to Cushing Pipeline

Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies.

Pipeline Shippers Challenge Plains' Steel Tariff Surcharge

Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

EPIC Midstream Ships First Crude on New Permian-Gulf Coast Pipeline

EPIC Midstream Holdings Inc on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices higher, traders said.

Trafigura Begins Shipping Permian Crude via Plains' Cactus II

Trafigura Trading today said it has commenced shipments of crude oil from the Permian Basin to the Corpus Christi, Texas, via the Cactus II Pipeline, marking the first confirmed shipments on Plains All American's newly operational system.

Rare Split Vote May Signal Tighter Regulation of Future Permian Flaring

The chairman of the Texas Railroad Commission cast a rare vote against a flaring permit in the Permian Basin, citing concern over the "frequency and ease" with which the state's oil and gas regulatory body has permitted crude producers to burn associated gas.

New U.S. Pipelines Poised to Start Price War for Shale Shippers

The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

Plains' Cactus II to Start Commercial Service Next Week

Plains All-American's new Cactus II crude oil pipeline from the Permian Basin to the Gulf Coast is mechanically complete and will begin commercial service next week, CEO Willie Chiang said.