This is your Hart Energy LIVE A&D Minute powered by the first Gulf of Mexico Energy Transformation Conference March 21 in Houston.
Crude oil production in the U.S. Gulf of Mexico is approaching its pre-pandemic record highs, and Talos Energy aspires to secure its spot as a top Gulf producer, closing on its $1.1 billion acquisition of EnVen Energy to boost its output to about 90,000 boe/d and increase its Gulf production by 40%.
In the booming Delaware lobe of the Permian Basin, Cardinal Midstream Partners closed on its purchase acquisition of Medallion Midstream’s natural gas gathering and processing assets. The operations in Texas’ Reeves and Loving counties include about 80 miles of high- and low-pressure natural gas gathering pipelines and a 140 MMcf/d natural gas processing facility. Will the Permian’s midstream consolidation continue unabated in 2023?
And as mentioned in our other series “The Pulse,” many believe M&A will pick up this year, and now Tudor, Pickering, Holt & Co. president Chad Michael agrees; he sees small and mid-cap energy companies leading more of the industry consolidation. What do you think?
That’s your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference - save your seat before it sells out!
Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Recommended Reading
FERC Closes Out ’24 with Rulings to Boost LNG Supply
2025-01-06 - A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Glenfarne Signs on to Develop Alaska LNG Project
2025-01-09 - Glenfarne has signed a deal with a state-owned Alaskan corporation to develop a natural gas pipeline and facilities for export and utility purposes.
Trinity Gas Storage Adds Texas Greenfield Gas Storage Complex
2025-01-20 - Trinity Gas Storage has opened a 24-Bcf gas storage facility in Anderson County, Texas, to support the state’s power grid.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
2024-12-19 - Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.