The Latest

As ONEOK Digests Magellan, Sets Stage for More NGL Growth in 2024

ONEOK is continuing the integration of its newly acquired Magellan assets in 2024 as the company keeps an eye out for M&A opportunities and awaits regulatory approvals for certain projects.

Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project

Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.

Midstream Operators See Strong NGL Performance in Q4

Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.

NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter

Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.

Analyst: Chevron Duvernay Shale Assets May Sell in $900MM Range

E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play.

BKV CEO: Barnett E&P Waits for Right Window to Launch IPO

After volatility in natural gas prices and broader economic instability in 2023, could BKV Corp.—the largest Barnett Shale producer—move forward with its IPO this year?

Analysts: APA Takes Callon Off Board as Permian M&A Wave Hits ‘24

APA and its subsidiary Apache Corp. are plucking Callon Petroleum off the board for $4.5 billion in stock as a historic wave of Permian consolidation enters a new year.

Exolum To Buy 50% Share of Moda Midstream’s NGL Storage Terminal

The transaction is expected to close in the first quarter of 2024.

Diversified Energy’s Gameplan: Avoid Operational, Financial Risk

Douglas Kris of Diversified Energy shares the firm’s approach to long-lived production while keeping an eye on the bottom line.

Energy Transfer Hits Record Volumes in 3Q, Pushes Expansions

Energy Transfer saw record NGL, oil and terminal volumes in the third quarter while integrating new assets and working on further expansions to its infrastructure.