Q&A: Crescent Midstream Charts CCS Course with $1B Project
CEO Jerry Ashcroft discusses the carbon capture and storage landscape and how the company is evolving.
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Earnings
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Shale Plays
Halliburton-Backed Startup Espiku Nears Water Treatment Pilot
Oregon-based Espiku, in collaboration with Halliburton Labs, aims to help drillers reuse produced water and reduce disposal. The company is scouting potential pilot project sites in the Permian Basin, Bakken and North Texas.
Joint Ventures
ONEOK, MPLX Enter $1.75B JV for Texas LPG Export Terminal, Pipeline
ONEOK Inc. and MPLX have entered into agreements to invest $1.4 billion to build a 400,000 bbl/d LPG export terminal in Texas and a $350 million pipeline project.
People
Confirmed: Liberty Energy’s Chris Wright is 17th US Energy Secretary
Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock.
Power Generation/Powergen
Resurrected Enron Hijinks Gets Serious with New Electric Business
After Enron returned as a seemingly elaborate hoax, Enron Energy Texas’ vice president told Hart Energy the company aims to deliver real electricity to consumers.
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Oil and Gas Investor Magazine
E&Ps Pivot from the Pricey Permian
SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.