Houston Chronicle San Antonio pipeline operator Epic Midstream reached two important milestones in Corpus Christi — its first crude oil export shipment and moving forward with a plan to build a new natural gas liquids processing plant. In a statement released on Wednesday, Epic reported that it had loaded and launched the first export shipment of crude oil from the
By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As
From The Houston Chronicle The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring. U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia
By Tyler Losier, Energy Reporter, Oil & Gas 360 Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an eight-year gas gathering and treating agreement with Sabine Oil and Gas Corporation, an independent E&P operating exclusively in Texas. The
By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chairman Barry E. Davis will once again serve as the CEO of EnLink Midstream EnLink Midstream LLC (stock ticker: ENLC) will be reappointing its current executive chairman, Barry E. Davis, as chief executive officer, effective August 8. Previously, Davis, who will be retaining his position on the board, served as EnLink’s
By Tyler Losier, Energy Reporter, Oil & Gas 360 Black Bear Midstream enters into seven-year agreement with undisclosed Cotton Valley producer Black Bear Midstream, a portfolio company of Oaktree Capital Management (stock ticker: OAK), has entered into a seven-year gas gathering and processing agreement with an undisclosed Cotton Valley producer in Desoto Parish and Caddo Parish, Louisiana. To support both
By Tyler Losier, Energy Reporter, Oil & Gas 360 Altus Midstream closes purchase of 33% equity stake in Enterprise-owned Shin Oak Pipeline Altus Midstream (stock ticker: ALTM), a pure-play Permian-to-Gulf Coast midstream company, has closed a deal with Enterprise Products Partners (stock ticker: EPD) to acquire a 33% equity interest in the Enterprise subsidiary that owns the Shin Oak natural
Natural gas liquids production in the Marcellus and Utica formations expected to nearly double in Ohio, Pennsylvania and West Virginia, drawing petrochemical expansion According to a new study from IHS Markit, the Marcellus and Utica shale formations’ production will increase exponentially in the next two decades, driving petrochemical growth in the region. Natural gas from the tri-state region of Ohio,
EPIC’s Y Grade pipeline will link NGLs from Permian and Eagle Ford to Corpus Christi Construction began Tuesday on the first phase of the EPIC NGL Pipeline project. The 650-mile EPIC NGL Pipeline runs from Southeast New Mexico to Corpus Christi. When complete in early 2019, the EPIC NGL pipeline will have throughput capacity of at least 375,000 barrels per
Williams to provide gas processing, fractionation and liquids handling for Southwestern’s wet gas acreage in the Marcellus, Upper Devonian plus gathering, processing for Southwestern’s South Utica dry gas Tulsa’s Williams Partners LP (ticker: WPZ) executed agreements with Southwestern Energy Company (ticker: SWN) this week to expand services to Southwestern in the Appalachian basin of West Virginia. Williams Partners will provide
Manitok Energy Inc. (Ticker: MEI) announced initial production test results from the second horizontal well of its Q4 drilling program. The 13-33-022-25W4 horizontal well, in which Manitok has 100% working interest, in Carseland, targeted the Lithic Glauconitic (“LG”) zone and was completed with a multi-stage fracture stimulation. In the last 24 hours of the production test, and after flowing back
