Permian
Texas Will Not Mandate Oil Production Cuts
Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether they would wade into global oil politics for the first time in 50 years as crude prices cratered.
MPLX Abandons Permian NGL Pipeline Amid Industry Downturn
MPLX LP said on Tuesday it is no longer pursuing a Permian-to-Gulf Coast NGL pipeline after the collapse in oil prices and said it will focus on expanding capacity on existing pipelines instead.
Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins
As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.
Texas Oil Hearing Stirs Debate but No Decision; Oklahoma Sets May Hearing
Texas energy regulators listened as top executives on Tuesday debated whether the state should cut oil output by 1 million barrels per day, but did not indicate how they might vote after more than 10 hours of sometimes dire testimony.
FERC Issues Favorable Environmental Assessment for Double E Pipeline
Summit Midstream and Exxon Mobil's Double E pipeline carrying natural gas from the Permian Basin to the Waha Hub in Texas has received a favorable environmental review from U.S. regulators.
Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts
Phillips 66 said the Red Oak Pipeline, Sweeny Frac 4 and Liberty Pipeline projects have all been deferred by cost-cutting efforts. A final investment decision on ACE Pipeline also was postponed.
Texas Producers, Regulator Ask State, President for Curtailments as Prices Collapse
Texas oil producers are asking for production curtailments in the state to help stabilize plummeting oil prices.
Kinder Morgan Uncertain About Permian Pass Pipeline
U.S. energy company Kinder Morgan Inc said its proposed Permian Pass natural gas pipeline in Texas faced an uncertain future since no customers for the project have been lined up in the current low-price environment.
ONEOK to Expand Elk Creek Pipeline
ONEOK has announced plans to expand two of its natural gas pipelines by the end of Q1 2020, including the Elk Creek Pipeline.
Plains All American Pipeline Volumes Get Boost from Cactus II
Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.
Enterprise Products Expects to Complete Part of Wink-to-Webster Crude Pipeline by Year-End
Enterprise Products Partners LP said on Thursday it will own a 29% undivided joint interest in the Wink-to-Webster crude pipeline system and construction on the segment to Webster, Texas, is expected to be completed by the end of 2020.
MPLX Says Reversed Capline Pipeline to Begin Light Crude Service in Mid-2021
MPLX LP said on Wednesday the reversal of the Capline pipeline was progressing as planned, with the line on track to begin light crude service in mid-2021 and heavy crude service in 2022.
U.S. OKs Kinder Morgan Request to Start Texas Lockridge Pipeline Construction
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas.
Centurion Pipeline Announces Successful Open Season for Augustus Pipeline
Centurion Pipeline has announced the successful completion of its binding open season for the Augustus Pipeline.
U.S. Shale Oil, Natural Gas Output Growth to Hit Slowest in a Year — EIA
U.S. oil and natural gas output in major shale formations is expected to rise by the smallest in about a year in February to record highs, the U.S. Energy Information Administration (EIA) said on Tuesday, as producers pull back on new drilling.
US Development Agency to Finance Mexico Natural Gas Pipeline
In one of the first actions of the new International Development Finance Corporation (DFC), the U.S. government investment organization is pledging more that $600 million to the Rassini natural gas pipeline to be built across southern Mexico.
New Permian Pipelines Boost U.S. Gulf Coast Crude Exports
Three new major pipelines coming out of the Permian Basin have helped crude exports from Corpus Christi, Texas surge in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas.
Fed Survey: Permian Flaring Hits Record; Service Firms Bearish on 2020
The Federal Reserve Bank of Dallas said in its quarterly energy survey that natural gas flaring and venting reached a record high. It also said about half of oil field service firms plan to cut spending in 2020.
Ironwood Midstream II Completes Acquisition of Twin Eagle Systems
Ironwood Midstream Energy Partners II said it has closed on its acquisition of West Texas gathering pipelines from a subsidiary of Twin Eagle Holdings and named a Twin Eagle executive to its management team and board of directors.
Kinder Morgan Expects Slight Profit Increase in 2020
U.S. pipeline operator Kinder Morgan on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend.
New Gas Pipelines Adding Capacity from U.S. South Central, Northeast
The United States is expected to add between 16 billion cubic feet per day (Bcf/d) and 17 Bcf/d of natural gas pipeline capacity in 2019, most of which was built to provide additional takeaway capacity out of supply basins.
Pioneer Natural CEO Calls Out Permian Basin Gas Flaring
The chief executive of Pioneer Natural Resources, Scott Sheffield, called on Permian Basin producers to limit natural gas flaring and to monitor for methane leaks.
Permian Pipeline Expansions Boost Plains' Q3 Volumes
Plains All American reported strong earnings in the third quarter of 2019 as growing demand for pipeline transport drove revenues higher. The results, however, fell short of earnings in last year's third quarter, when Plains benefited from the sale of an interest in BridgeTexas Pipeline.
NGL Energy Partners LP Closes Acquisition of Hillstone
After acquiring Hillstone LLC, NGL Energy now has approximately 380 miles of water disposal pipelines serving the Delaware Basin.
Palisade Pipeline Secures Funding for Permian Water Pipeline
Palisade Pipeline has secured funding to build a water pipeline from Lubbock, TX to the Permian Basin.
Enterprise Midland-to-ECHO Pipeline System Expansions to Add 450,000 bpd Each
Enterprise's CEO reported on the company's earnings call that upcoming expansions on 2 of its pipelines will add 450,000 bpd of capacity to each line.
Gas Futures Rise on Permian Highway Delay
U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts on Thursday after Kinder Morgan delayed the projected in service date for its $2 billion Permian Highway gas pipe in Texas to early 2021.
Phillips 66 Sets Rates for Gray Oak Crude Pipeline
— Phillips 66 Partners LP set spot rates of $4.75 a barrel to ship crude on its new 900,000-barrel-per-day (bpd) Gray Oak crude pipeline within points in Texas, according to a filing this week.
FERC Approves Sendero Carlsbad Gateway Project
Federal regulators have authorized construction of the Sendero Carlsbad Gateway natural gas project in the Permian Basin, including a 23-mile, 400 Mmcf/d pipeline from its Carlsbad processing plant to White Water Midstream's Agua Blanca pipeline.
Permian Highway Pipeline Clears Key Legal Hurdle
Kinder Morgan’s Permian Highway Pipeline reached major milestone as the City of Kyle, Texas, approved a settlement agreement allowing construction of the pipeline through the city.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
