Permian
Shale Plays , Exploration & Production , Acquisitions & Divestitures , Crude Oil
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Liquefied Natural Gas (LNG) , Natural Gas
Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2
Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.
Midstream , Finance
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Earnings , Shale Plays , Rig Counts , Field Development
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Acquisitions & Divestitures , Natural Gas , Crude Oil , DUG Haynesville
The Answer to Curbing Permian Associated Gas? More M&A
Consolidation will result in less oil production, and therefore less associated gas, as fewer wells are produced, an energy analyst says.
Natural Gas , Natural Gas liquids (NGL) , Field Development
Enterprise Increasing Permian NatGas Production
Enterprise Products Partners began service on two natural gas plants: the Leonidas in the Midland Basin and the Mentone 3 in the Delaware Basin, each with a capacity to process 300 MMcf/d of natural gas and 40,000 bbl/d of NGLs.
Shale Plays , Acquisitions & Divestitures
Mesa III Reloads in Haynesville with Mineral, Royalty Acquisition
After Mesa II sold its Haynesville Shale portfolio to Franco-Nevada for $125 million late last year, Mesa Royalties III is jumping back into Louisiana and East Texas, as well as the Permian Basin.
Shale Plays , Crude Oil , Exploration & Production
Life on the Edge: Surge of Activity Ignites the Northern Midland Basin
Once a company with low outside expectations, Surge Energy is now a premier private producer in one of the world’s top shale plays.
Pipelines , Gathering & Processing
Summit Midstream Launches Double E Pipeline Open Season
The Double E pipeline is set to deliver gas to the Waha Hub before the Matterhorn Express pipeline provides sorely needed takeaway capacity, an analyst said.
Acquisitions & Divestitures , Shale Plays
Kodiak Gas Services Closes $850MM Deal for CSI Compressco
Kodiak Gas Services’ acquisition of CSI Compressco was financed as an all-equity transaction valued at approximately $854 million, including assumption of $619 million in debt.