The Gray Oak pipeline is one of the biggest new pipelines connecting the Permian Basin, the nation's largest oil field, to the U.S. Gulf Coast.
Proceeds will be used to fund a cash tender offer that commenced May 18 for the purchase of notes Diamondback Energy acquired through its merger with Energen in 2018.
Customized green treatments are outperforming conventional treatments in sustainability and more effective oil recovery.
Sempra LNG, a subsidiary of Sempra Energy, said May 18 that Cameron LNG has begun producing LNG from the third and final liquefaction train of its Phase 1 liquefaction-export project in Hackberry, Louisiana.
In June, oil output from shale is expected to drop in each of seven major shale regions, with the largest drop of about 87,000 bbl/d in the Permian Basin, the EIA says.