Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
Detechtion Acquires Software Solutions Company EZ Ops
The acquisition of EZ Ops plans to enhance Detechtion’s presence in field service management and complements its Fieldlink product, which serves producers and service companies in inspection and maintenance.
US Wins $15B Arbitration Fight Over Keystone Pipeline Extension
Arbiters ruled that TC Energy had no case because NAFTA, under which the Canadian company planned the pipeline extension, was no longer in effect when the Biden administration canceled the project in 2021.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
Here is a selection of upstream and midstream dividends declared in the week of July 8.
Enverus Inventory Rankings: Pinpointing Shale’s Best Remaining Runway
The Montney Shale steals the spotlight in Enverus’ play rankings, while the Eagle Ford draws plaudits for its resilience.
Whitecap Sells Stakes in Gas Processing Plants in Two Deals
In separate deals, WhiteCap Resources sold gas processing assets to Topaz Energy and Pembina Pipeline—a move that strengthens Pembina’s Western Alberta position, an analyst said.
Pembina Pipeline to Offer $690MM in Public Debt
Pembina Pipeline Corp. is offering senior unsecured debt to extend maturity dates for near-term debt that matures between 2026 and 2029.
RNG Producer Anaergia Appoints New CEO
Assaf Onn was appointed acting CEO by Anaergia’s board of directors following an investment of Marny Investissement SA in the renewable natural gas company.
Generac Acquires Energy Storage Solutions Provider
Generac Power Systems’ acquisition of PowerPlay Battery Energy Storage Systems integrates energy storage solutions into its energy technology portfolio.
USD Partners to Sell Rail Asset as Part of Forbearance Agreement
Midstream company USD Partners is selling a Canadian train terminal asset as part of a forbearance agreement to avoid foreclosure or default with its lenders.