The Latest

Water Management

Gravity Acquires On Point, Creates Largest Saltwater Disposal Company In Midland Basin

Gravity, a leading water and energy infrastructure company backed by affiliates of Clearlake Capital Group LP, said Dec. 10 it has completed the acquisition of On Point Oilfield Holdings LLC, creating the largest commercial produced water disposal company by injection volumes in the Midland Basin.

December 11, 2019

Crude Oil

EPIC Midstream Loads First Oil Tanker At New Texas Export Terminal

EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U.S. crude.

December 11, 2019

Master Limited Partnerships

Alerian Acquires S-Network Global Indexes

Transaction bolsters Alerian’s position as a major provider of global indexes, data and research.

December 10, 2019

People

Ironwood Midstream II Closes South Texas Asset Acquisition

Twin Eagle executive Danny Rea joins Ironwood II as chief commercial officer.

December 10, 2019

Liquefied Natural Gas (LNG)

Freeport LNG Project In Texas Starts Commercial Operation

Added supply could put more downward pressure on spot prices.

December 10, 2019

Earnings

Enbridge Sees Higher 2020 Core Earnings, Distributable Cash Flow

Company plans to apply for contracting approval for Mainline system by year-end.

December 10, 2019

Infrastructure

Enbridge Says Minnesota Concludes No Additional Risk From Line 3 Pipeline

Canada's Enbridge said a revised environmental statement from the state of Minnesota concludes that replacing the aging Line 3 oil pipeline would not introduce risks for Lake Superior in the case of a spill.

December 10, 2019

Tankers

Enterprise, Enbridge To Jointly Develop Deepwater Terminal

SPOT facility offshore Brazoria County Texas, will be able to handle VLCCs.

December 9, 2019

People

Forty Under 40: Stephen Luskey, Brazos Midstream

Today’s featured Forty Under 40 honoree is Stephen Luskey, one of the founding members of Brazos Midstream who has been instrumental in the company’s success from day one.

December 9, 2019

Mergers

Energy Transfer, Semgroup Complete Merger

Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.

December 6, 2019