Sandy
Segrist
Hart Energy
Targa Buys Back Bakken Assets After Strong 2024
Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
EQT: Gas Demand Likely to Outpace Midstream Sector’s Ability to Supply
Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand.
Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II
Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
The Latest
Targa Buys Back Bakken Assets After Strong 2024
Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
EQT: Gas Demand Likely to Outpace Midstream Sector’s Ability to Supply
Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand.
Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II
Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
AltaGas, Keyera Come to Mutual Agreements to Leverage Infrastructure
Canadian midstream companies AltaGas and Keyera have signed mutually beneficial, long-term contracts for NGLs and fractionation.
Renegade Waiting for ‘Catalyst’ as it Mulls Building, Buying Midstream
Renegade Infrastructure CEO Drew Ward says the company is currently “basin agnostic” and is considering greenfield projects and M&A after winning a capital commitment from PE firm Energy Spectrum Partners.
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.
Energy Spectrum, UGI JV Buys Three Appalachia Gathering Systems
Pine Run Gathering LLC, a joint venture between Energy Spectrum Partners and UGI Corp., purchased three gathering systems in Pennsylvania from Superior Midstream Appalachian LLC.
EnCap Portfolio Company to Develop NatGas Hub with DRW Energy
EnCap Flatrock Midstream portfolio company Vecino Energy Partners LLC and DRW Energy Trading LLC will be developing an intrastate natural gas storage hub together.
EIA: NatGas Storage Plunges, Prices Soar
Frigid weather and jumping LNG demand have pushed natural gas above $4/MMBtu.