Sunday, June 1, 2025

Kinder Morgan, Blackstone, Apache Plan to Launch the Permian Highway

New Permian Basin gas pipeline will carry 2 Bcf/d from Waha to Gulf; sponsors already considering upsizing to 48-inch due to early demand Permian gas producers may have relief on the horizon, as Kinder Morgan (ticker: KMI), Blackstone-backed EagleClaw Midstream, and Apache (ticker: APA) announced plans to develop a new pipeline from the basin yesterday. The Permian Highway Pipeline Project

GE Reshuffles Its Full Portfolio: Baker Hughes Will Go

GE’s position in BHGE is worth $23.1 billion Less than two years after General Electric (ticker: GE) announced it would acquire Baker Hughes, GE has changed its mind, and will divest the company. This came in an announcement today in which GE revealed plans for a sweeping overhaul of its business including moving GE Healthcare out as a standalone business

Oasis Petroleum Divests Non-Core Bakken, its Largest Sale since 2014

Oasis Petroleum (ticker: OAS) continued its portfolio shift today, selling properties in the Williston Basin in two transactions. Oasis has agreed to sell its Foreman Butte position and some non-operated assets to buyers that the company declined to disclose. In total, these assets account for 65,000 net acres, and produced 4.4 MBOEPD. Oasis will receive a total of $283 million