Plains All American Pipeline LP’s 670,000 barrel-per-day (bpd) Cactus II oil pipeline system from the Permian basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said on Thursday. — Read on www.reuters.com/article/us-plains-all-amer-cactusii-exclusive/exclusive-plains-cactus-ii-oil-pipeline-to-begin-line-fill-in-a-week-source-idUSKCN1TS2XJ Advertisements
Reliance is working with an adviser to run an auction that could value it at about $500 million, said one of the people, who asked not be identified because the matter is private. The company, based in Midland, Texas, may attract interest from private equity and infrastructure investors, the people — Read on finance.yahoo.com/news/reliance-gathering-explore-500-million-215003441.htmlRead more "Reliance Gathering to Explore a $500 Million Sale"
In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.htmlRead more "Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle"
The Permian Basin Is Now the Highest Producing Oilfield in the World — Read on www.energyindepth.org/the-permian-basin-is-now-the-highest-producing-oilfield-in-the-world/Read more "The Permian Basin Is Now the Highest Producing Oilfield in the World"
Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]Read more "How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times"
Texans for Natural Gas The proposed pipeline capacity expected to come online in the Permian Basin over the next three years is vastly greater than the estimated volumes of flared gas, according to a Texans for Natural Gas analysis. Recent media reports have called attention to flaring levels in the Permian as production has increased, with one environmental […]Read more "Market Solution: New Pipeline Capacity Dwarfs Flared Gas Volumes in the Permian"
Jupiter Energy extended an open season until May 31 on a crude oil pipeline from the Permian to the Port of Brownsville. It is expected to be operational in fourth quarter of 2020. — Read on pgjonline.com/news/2019/02-feb/jupiter-extends-open-season-for-crude-pipeline-from-permian-to-gulfRead more "Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal"
Houston-based midstream company Enterprise Products Partners has started service on the Shin Oak NGL Pipeline, a project to move natural gas liquids from the Permian Basin of West Texas to a processing and storage facility in southeast Texas. — Read on www.houstonchronicle.com/business/energy/article/Enterprise-begin-service-on-Permian-Basin-to-Mont-13652119.phpRead more "Enterprise begins service on Permian Basin to Mont Belvieu NGL pipeline – HoustonChronicle.com"
Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in West Texas tumbled almost 90 percent to a record low as demand declined with moderating weather and pipeline constraints limited the amount of fuel that can leave the region. — Read on www.reuters.com/article/us-natgas-waha-pipelines/for-sale-in-texas-natural-gas-at-record-low-price-idUSKCN1PU1V9Read more "For sale in Texas: natural gas at record low price | Reuters"
Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.phpRead more "Continued consolidation expected in Permian – Midland Reporter-Telegram"