Howard Energy Partners and NextEra Energy Partners formed a JV on Feb. 13 to develop additional natural gas transportation opportunities in the Eagle Ford shale region of South Texas.
The amount of state and local taxes and state royalties paid by Texas oil and natural gas companies reached the second-highest total in state history last year.
Kimbell Royalty Partners agreed to acquire certain oil and gas royalty assets controlled by EnCap in a stock deal worth about $151.3 million.
Final phase of the NGL Pipeline remains on schedule and construction of the Crude Pipeline begins this month.
The continued strength of the Permian Basin will force smaller oil and gas companies to merge or be acquired by larger competitors, which Gibson Dunn attorneys say is a positive for the industry.
Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.