Stakes have been placed in the ground, pipe stacked in yards and construction is set to begin on the Permian Highway Pipeline. The $2 billion partnership between Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream subsidiary Altus Midstream Processing LP will be comprised of 430 miles of 42-inch pipeline carrying up to 2.1 billion cubic […]
Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]Read more "Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram"
Dallas pipeline operator Energy Transfer is asking federal regulators for a five-year extension to build the company’s proposed Lake Charles LNG export terminal. Energy Transfer received a federal permit for the project in December 2015. Under the terms of that the permit, the 240-acre liquefied natural gas export terminal was supposed be operational by December […]Read more "Energy Transfer seeks five-year extension to build Lake Charles LNG export terminal – Houston Chronicle by Sergio Chapa"
Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. — Read on www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CCRead more "COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters"
Oil and gas industry invests billions in zero- and low-greenhouse gas emission technologies, writes R. Dean Foreman of the American Petroleum Institute — Read on www.usatoday.com/story/opinion/2019/08/27/american-petroleum-institute-can-meet-demand-sustainably-editorials-debates/2136115001/Read more "American Petroleum Institute: We can meet energy demand sustainably"
EPIC Midstream Holdings LLC on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices to the highest in six months, traders said. — Read on www.reuters.com/article/epiccrude-pipeline-startup/exclusive-epic-midstream-ships-first-crude-on-new-permian-line-to-gulf-coast-idUKL2N25B1SXRead more "EXCLUSIVE-EPIC Midstream ships first crude on new Permian line to Gulf Coast – Reuters"
Companies have proposed at least eight offshore oil-export terminals — many requiring billions of dollars in investment — that would stretch from off the coast of Brownsville to southeastern Louisiana and take advantage of a new flood of crude from the booming Permian Basin as several pipelines connecting West Texas and the Gulf Cast near […]Read more "The race to build offshore oil export terminals – HoustonChronicle.com"
Sanchez Energy files for Chapter 11 bankruptcy – Houston Chronicle — Read on m.chron.com/business/energy/article/Sanchez-Energy-files-for-Chapter-11-bankruptcy-14297152.phpRead more "Sanchez Energy files for Chapter 11 bankruptcy – Houston Chronicle"
Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growthRead more "Moody’s: Outlook stable for global E&P growth | Oil & Gas Journal"
Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle — Read on m.chron.com/business/energy/article/Pipeline-terminal-shortages-will-continue-to-14128272.phpRead more "Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle"