Archive for the ‘Permian Basin’ Category
The US rig count ended a 5-week streak of declines with a surprise 9-unit jump to 907 during the week ended Nov. 10, data from Baker Hughes indicate. The cumulative increase reflects gains in land-based and oil-targeting rigs.
The US rig count during the week ended Nov. 3 continued its downward slide with an 11-unit drop, according to Baker Hughes data.
West Texas LPG Pipeline LP, a joint venture of operator Oneok Inc. and Martin Midstream Partners LP, plans to invest $200 million to expand its natural gas liquids system into the Delaware basin.
ExxonMobil buys Delaware basin crude terminal
October 18th, 2017 by Latest News
ExxonMobil Corp. has acquired a crude oil terminal in Wink, Tex., part of the Delaware basin, from Genesis Energy LP. It will be ExxonMobil’s first Permian terminal to be anchored by its recently acquired Delaware basin acreage.
EIA: Major US onshore regions’ oil output to rise 81,000 b/d in November
October 16th, 2017 by Latest News
Crude oil production from the major US onshore regions is forecast to increase 81,000 b/d month-over-month in November to 6.12 million b/d, the US Energy Information Administration said in its monthly Drilling Productivity Report.
Subsidiaries of Brazos Midstream Holdings LLC, Fort Worth, have completed their acquisition of a natural gas gathering system in the southern Delaware basin from Callon Petroleum Co., Natchez, Miss.
Targa Resources Corp. reported that it will sell 25% joint venture
interest in its previously announced Grand Prix natural gas liquids
pipeline to funds managed by Blackstone Energy Partners. Once the deal
is completed, Grand Prix will be a 300,000-…
An affiliate of Global Infrastructure Partners (GIP) has agreed to acquire Medallion Gathering & Processing LLC from affiliates of Energy & Minerals Group (EMG) and Laredo Petroleum Inc. for $1.825 billion in cash plus additional consideration.