The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.
Rattler Midstream acquired a minority interest in a gas gathering and processing JV servicing the Midland Basin where Diamondback Energy is deploying a majority of its development capital.
Dark Horse “is open for business,” said Piñon President Steven Green.
EPIC Y-Grade LP has completed its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical, the company said on Oct. 5.
Energy Transfer also provided an update on its acquisition of Enable Midstream, which is currently waiting on approval by regulators.
Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.
Magellan Midstream Partners LP reported a drop on July 29 in its second quarter crude transportation and terminals revenue, hit by lower fees for its services and a decline in storage demand.
DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.
Construction of the gas processing facility in Midland County, Texas, initiates Phase II development of Pinnacle Midstream’s Dos Picos System in the Midland Basin.