Permian

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.

Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor

Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.

Texas’ Midland Basin Accounts for 15% of US Crude Oil in 2020

Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations.

Plains All American, Oryx Midstream Form Permian Basin Joint Venture

Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.

Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

Western Basins Staying Alive in New Mexico, Colorado

With its portion of the rich Permian Basin booming, New Mexico is about to overtake North Dakota (Bakken Shale) as the nation’s second largest oil producing state, flowing more than 1.1 MMbpd.

Permian Update: America’s Oilfield Builds Back from Another Bust

Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugging its way back from the bottom again.

Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects

Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.

Texas Intrastate Whistler Pipeline Placed in Service

The Whistler Pipeline began full commercial service last month, providing approximately 2.0 Bcf/d of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure sufficient reliable gas takeaway and reduce natural gas flaring in the Permian basin.

Shell Weighs Blockbuster Sale of Texas Shale Assets

Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.

Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility

Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico

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.