Reliance Gathering to Explore a $500 Million Sale

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.html Advertisements

Advertisements
Read more "Reliance Gathering to Explore a $500 Million Sale"

Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle

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.html

Read more "Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle"

The Permian Basin Is Now the Highest Producing Oilfield in the World

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"

How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times

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"

Market Solution: New Pipeline Capacity Dwarfs Flared Gas Volumes in the Permian

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 Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal

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-gulf

Read more "Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal"

Enterprise begins service on Permian Basin to Mont Belvieu NGL pipeline – HoustonChronicle.com

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.php

Read more "Enterprise begins service on Permian Basin to Mont Belvieu NGL pipeline – HoustonChronicle.com"

For sale in Texas: natural gas at record low price | Reuters

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-idUSKCN1PU1V9

Read more "For sale in Texas: natural gas at record low price | Reuters"

Continued consolidation expected in Permian – Midland Reporter-Telegram

Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.php

Read more "Continued consolidation expected in Permian – Midland Reporter-Telegram"

Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters

HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.  Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]

Read more "Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters"