Permian

Bayou Bridge Launches Open Season for Expanded Joint Tariff Service

Bayou Bridge Pipeline launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.

Magellan Optimistic About Cushing-to-Houston Crude Pipeline

Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said.

Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System

Plains All American Pipeline and Phillips 66 announced they will proceed with construction of the Red Oak Pipeline system in a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.

Final Investment Decision Reached for Whistler Pipeline

MPLX LP, WhiteWater Midstream backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, Inc. have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers.

U.S. Regulators Partially OK Cactus II Rate Structure

U.S. energy regulators partially approved the rate structure and terms of service for Plains All American Pipeline LP’s Cactus II crude and condensate line from the Permian Basin to the Corpus Christi, Texas, area.

Natural Gas Flaring in Permian Hits Record High in Q1

Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions.

Water Solutions Company Paying Big for West Texas Ranch

A water solutions company out of Forth Worth, TX is ready to spend $450 million for water underneath a West Texas ranch.

Kinder Morgan Announces Binding Open Season on SFPP

Kinder Morgan, Inc. today announced the start of a binding open season to solicit commitments for an expansion of a portion of its SFPP system.

Howard Energy Plans New Gathering System in STACK Play

Howard Energy Partners announced yesterday that it has executed an agreement with a major North American oil and gas producer to construct, own and operate a new natural gas gathering system located in the over-pressured area of the prolific STACK play. HEP’s new midstream infrastructure will be anchored by fee-based, long-term acreage dedications totaling approximately 10,000 acres in Dewey and Custer counties in central Oklahoma.

Tellurian Holds Open Season for Permian Global Access Pipeline

Tellurian subsidiary Permian Global Access Pipeline is conducting a binding open season to secure prospective shippers for its proposed Permian Global Access Pipeline (PGAP) project. PGAP is a proposed 42-inch interstate natural gas pipeline originating at the Waha Hub in Pecos County, Texas, and t..

ExxonMobil Raises Permian Target by 1 Million Barrels Daily

ExxonMobil has revised its Permian Basin growth plans to produce more than 1 MMboe/d by as early as 2024 – an increase that is driving significant pipeline and infrastructure development. The Irving, Texas-based oil giant’s new target represents a significant boost in size and speed over plans set ..

Opinion: Sub-Standard Pipe Torpedoing Basin Projects

By: Tony Radoszewski, President, The Plastics Pipe Institute, Inc. The boom is on in the basin and other areas. That’s the good news. The bad news is that this year, sub-standard plastic pipe has been found in the oil and gas gathering operations of the Permian and Delaware basins in Texas and New..

Apache Corp Halting Permian Gas Production Due to Lack of Pipelines

Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices.

New Cogent Pipeline to Connect Processing Complex to GCX

Cogent Midstream said it plans to build a new 400 MMcf/d pipeline to deliver residue gas from its Big Lake Natural Gas Processing complex in the Midland Basin to the Gulf Coast Express Pipeline (GCX).

Oryx Midstream Launches Binding Open Season for New Movements on Texas Pipelines

Oryx Midstream Services II, LLC announced today that its operating subsidiary, Oryx Delaware Oil Transport LLC has launched a binding open season to secure volume commitments to support the proposed construction and development of new crude oil transportation movements on its regional crude oil transportation system serving the liquids-rich Delaware Basin in Texas and New Mexico. The binding open season commenced on, April 17, 2019 at 8 a.m. CDT and is scheduled to conclude at 5 p.m. CDT on May 31, 2019.

Kinder Morgan Eyes Another Permian Gas Pipeline

Executives at cash-flush Kinder Morgan, which already has two major Permian Basin-Gulf Coast natural gas pipelines totaling 4 Bcfd under construction, are considering a third pipeline in response to ever-growing demand in the region.

New Concho-Frontier JV to Construct Midland Basin Gathering System

Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.

Medallion Starts Open Season for Expanded Joint Tariff Service

Medallion Delaware Express and Medallion Pipeline Company announced an open season to solicit binding, long-term commitments to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.

Tellurian Announces Binding Open Season for the Permian Global Access Pipeline

Tellurian announced today that its subsidiary Permian Global Access Pipeline is conducting a binding open season to secure prospective shippers for its proposed PGAP project.

Hastings Announces Sale of Cactus Fuel

Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy and industrial services businesses, is pleased to announce the sale of assets of Cactus Fuel, LLC to Pilot Thomas Logistics, LLC.

New Pipelines Drain West Texas Crude Stocks to 4-Month Low

Crude inventories in West Texas dropped in February to the lowest in four months after a converted pipeline began transporting crude from the nation’s biggest shale oil field to the U.S. Gulf Coast, according to data from Genscape.

EagleClaw Midstream to Proceed with Delaware Link Pipeline

EagleClaw Midstream said Wednesday it has made a final investment decision to proceed with construction of the Delaware Link pipeline, a new pipeline designed to transport residue natural gas from the Delaware Basin in West Texas to the Waha hub.

Noble Midstream Secures Investment for EPIC Crude Pipeline

Noble Midstream announced it has secured a $200 million equity commitment (“Preferred Equity”) from Global Infrastructure Partners Capital Solutions Fund (“GIP”) to fund capital contributions to Dos Rios Crude Intermediate LLC, a newly-formed subsidiary holding Noble Midstream’s 30% equity interest in the EPIC Crude Pipeline.

U.S. Shale Boom Drawing Big Oil Back to Permian Pushing Out Independents

Major oil companies are pouring money and resources back into the Permian after new shale discoveries and improvements in technology will enable the U.S. to quickly become the world's second largest oil producer behind only Saudi Arabia.

U.S. Energy Information Administration Forecast Continued Growth of Natural Gas Production and Export

The 2019 Annual Energy Outlook (AEO2019) Reference case produced by the U.S. Energy Information Association (EIA) shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

Cheniere Announces Substantial Completion of Train 5 at the Sabine Pass Liquefaction Project

Cheniere Energy Partners, L.P. (Cheniere) announced today that Substantial Completion of Train 5 of the Sabine Pass Liquefaction (SPL) Project in Cameron Parish, Louisiana was achieved on March 7, 2019. Commissioning has been completed and Cheniere's EPC partner Bechtel has turned over care, custody, and control of Train 5 to Cheniere.

NextDecade Leases Brownsville Site for $15 Billion Rio Grande LNG Project

NextDecade Corporation (NextDecade) announced today that Rio Grande LNG, LLC, a NextDecade subsidiary, has entered into a lease agreement with the Brownsville Navigation District (BND).

ExxonMobil Ups Permian Output Target to 1 Million Barrels per Day by 2024

ExxonMobil said Tuesday it has revised its Permian Basin growth plans to produce more than 1 million BOE/d by as early as 2024 – an increase that is driving significant pipeline and infrastructure development.

Global News

TAP Gas Pipeline Completes $4.5 Billion Project Financing The Trans-Adriatic Pipeline (TAP) completed its $4.5 billion (3.9 billion euros) project financing, paving the way for construction to be completed for start-up in 2020, its managing director said in January. ..

Phillips 66, Kinder Morgan Announce Gray Oak Open Season

Phillips 66 Partners and Kinder Morgan announced the start of a joint open season by Gray Oak Pipeline, LLC and Kinder Morgan Crude & Condensate LLC (KMCC) to provide shippers with long-term crude oil transportation from origin points in the Permian Basin to KMCC delivery points at or near the Houst..