As US Ethane Production Soars to Record High, Low Prices Expected
Tied to natural gas production, which has suffered from weak demand, ethane is also headed for bearish prices, according to an analyst.
Matador Slashes Debt with $113MM Piñon Midstream Payout
Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.
Enterprise Opens Fuel Storage, Distribution Terminal in Utah
Enterprise Products Partners’ newly converted Texas Western Products system relies on old NGL pipeline networks.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Asia, EU Buyers Warming Up to US Shale M&A Again—Jefferies
Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.
Marketed: Territory Resources 15-well Package in Oklahoma
Territory Resources LLC has retained EnergyNet for the sale of 15-well package in Kay, Noble and Pawnee counties, Oklahoma.
Utica Oil Riches’ Biggest Challenge: Moving the Crude
Leslie Armentrout, the president and co-founder of Silver Cross Energy Partners discusses the opportunities of the Central Basin Platform and Utica—and the challenges.
Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream
Enterprise Products Partners acquisition of Piñon Midstream expands Enterprise’s New Mexico Delaware Basin footprint with sour-gas processing.
New Fortress’ Fast LNG Completes Third Cargo Load
The Fast LNG unit is producing at or above its nameplate capacity of 1.4 million tonnes per annum, New Fortress Energy said.