Permian
Canadian Pension Fund Takes 50% Stake in BridgeTex Pipeline
Plains All American and Magellan Midstream have become minority owners of BridgeTex Pipeline after completing the sale of a 50% stake to OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada, and its infrastructure investment manager.
Permian Gas Prices Fall as Production Continues to Grow
As Permian Basin oil production grows, producers must find outlets for the associated natural gas. Once pipeline capacity is fully used, choices are limited. The widening price differential between Waha and Henry Hub indicates pipeline capacity is already somewhat constrained.
Siemens Passes 100th Reciprocating Compressor Order from Permian Customer
With this latest order for 11 HOS compressors, the Permian Basin customer has ordered a total of 106 high-speed reciprocating compressors from Dresser-Rand business Siemens since 2012.
Permian, We Have a Gas Problem
Permian gas prices will remain weak for the next few years despite nearly 2 Bcf/d of additional pipeline capacity coming online by 2020. This is because the Permian, predominantly a shale oil play, has large quantities of associated gas production.
ONEOK Plans Second Expansion of West Texas LPG Pipeline System
Tulsa, Okla.-based ONEOK will invest $295 million to expand its West Texas LPG pipeline system, which provides natural gas liquids takeaway capacity for Permian Basin producers.
Apache, Kayne Anderson Form $3.5 Billion Permian Basin Pipeline Firm
U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that will operate in the largest U.S. shale field, the companies announced on Wednesday.
EagleClaw Midstream to Buy Rival Caprock for $950 Million
EagleClaw Midstream Ventures said on Wednesday it will buy rival Caprock Midstream Holdings for about $950 million, strengthening its presence in the oil-rich Permian Basin.
ETP, Magellan, Delek to Construct Permian-to-Gulf Coast Pipeline
Energy Transfer Partners (ETP), Magellan Midstream Partners and Delek US Holdings, received sufficient commitments to proceed with plans to construct a 30-inch common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region.
Oilfield Water Logistics Completes Delaware Basin Project
Oilfield Water Logistics (OWL) said it has completed is Hat Connection pipeline project and broken ground on an 11-mile extension of its Red Hills Water Gathering System pipeline into Loving County, Texas.
Worker Dies from Injuries in West Texas Pipeline Blaze
One worker died after a fire and series of pipeline explosions two days ago in Midland County, Texas, officials said on Friday. The name and age of the worker who died was not provided.
Supplemental Open Season Launched for Medallion Expansion
Medallion Pipeline Company said it successfully closed a binding open season for a major expansion of its Permian crude oil pipeline and launched a supplemental open season for additional capacity in response to "compelling interest" by potential shippers.
ExxonMobil joins EagleClaw, Kinder Morgan on Permian Pipeline
Kinder Morgan Texas Pipeline, EagleClaw Midstream Ventures, and Apache announced ExxonMobil signed a letter of intent to support the proposed Permian Highway Pipeline Project. The project is expected to be in late service in 2020.
Apache, Kayne Anderson Form $3.5 Billion Permian Basin Pipeline Firm
U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that will operate in the largest U.S. shale field, the companies announced.
Lotus Midstream to Acquire Centurion Pipeline
Crude oil logistics provider Lotus Midstream entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum. The transaction is expected to close later in the third quarter of 2018, subject to customary closing conditions.
Plains to Bring Two Permian Pipeline Projects Online Early
Plains All American Pipeline LP said two West Texas crude oil projects would begin partial operations slightly ahead of their original schedules as bottlenecks in the region depress prices to the weakest level in four years.
Targa Signs Letter to Build Whistler Pipeline Project
Targa Resources said it signed a letter of intent several partners to build the Whistler Pipeline Project, which will provide an outlet for increased natural gas production from the Permian Basin to markets along the Texas Gulf Coast.
Plains' Cactus II Denied Tariff Exemption
A request by Plains All American to exclude its Cactus II Permian-to-Gulf Coast crude oil pipeline from the tariff on imported steel was rejected by the Commerce Department on grounds that suitable product is available from domestic producers. Houston-based Plains said it will proceed with the pro..
Oryx Midstream Begins Open Season on Delaware Basin System
Midland, Texas-based Oryx Midstream Services II launched a binding open season to secure volume commitments or acreage dedications to support the regional crude oil gathering and trunk line transportation systems, which will serve the liquids-rich Delaware Basin in Texas and New Mexico.
Joint Development Planned for Permian Highway Pipeline
Kinder Morgan Texas Pipeline, EagleClaw Midstream and Apache signed a letter of intent to develop the Permian Highway Pipeline (PHP) project, which will provide an outlet for natural gas from the Permian Basin to the Texas Gulf Coast.
Enterprise Products
Enterprise Products Partners announced its 416-mile Midland-to-Sealy pipeline went into full service.
Small Oil Producers Face Output Squeeze as Permian Pipelines Fill
As pipelines out of the Permian Basin reach capacity in the coming months, smaller producers are expected to slow or shut-in production.
Potential Cushing Bottleneck Could Increase U.S. Oil Discount
As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Okla., is making U.S. futures vulnerable to a drop, traders and analysts said.
Plains-ExxonMobil JV to Build Permian Pipeline
ExxonMobil and Plains All American Pipeline (PAA) plan to build a new pipeline that will add 1 MMbpd of takeaway capacity for Permian Basin crude oil and condensate.
Matador Signs GCX Project Firm Sales Agreement
Matador executed a firm sales agreement for about 115,000 MMBtu with Kinder Morgan beginning on the in-service date of the Gulf Coast Express (GCX) pipeline project.
Devon Energy Sells EnLink Midstream Stakes for $3.1 Billion
Devon Energy agreed to sell its ownership interests in EnLink Midstream Partners and Enlink Midstream to an affiliate of Global Infrastructure Partners for $3.1 billion.
Energy Transfer Seeks More Commitments on Permian Express 3
Energy Transfer Partners said Permian Express Partners LLC will begin soliciting for intrastate service on up to 50,000 bpd of volume commitments on Phase 1 of Permian Express 3.
Solaris Water Midstream Starts Pecos Star Operations
Solaris Water Midstream said it has commenced operations on on the first phase of its 300-mile Pecos Star water system, which is designed to serve oil and gas producers in the Delaware Basin of West Texas and New Mexico.
Lilis Energy, Salt Creek Midstream Enter into Gathering Agreement
Lilis Energy, an exploration and development company operating in the Permian Basin, entered into a crude oil gathering agreement with Salt Creek Midstream. Construction of the project is expected to commence immediately with service to begin in 2019.
DRA, Optimizing Solutions Reduce Permian Operating Costs
Optum Energy Solutions' Flow Optimizer helps a midstream company cost-effectively increase flow rates on a crude oil pipeline in the Permian Basin.
Apache, Salt Creek Midstream to Build SCM Alpine Header System
Apache Midstream and Salt Creek Midstream are developing SCM Alpine, a 445,000 bpd NGL header system comprised of two pipeline segments originating at the companies' processing facilities in Reeves County, Texas. that will interconnect to pipelines at the Waha trading hub and provide access to Mont Belvieu and Corpus Christi fractionation facilities.
- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Oil Rises as US Gasoline Supplies Tighten, Saudi Says: 'Watch Out'
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
