Post Tagged with: "NGL"

Source: Reuters

U.S. shale oil outlook darkens as by-product prices slide

Reuters


DENVER/NEW YORK – U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product of their operations.

Oil producers have already taken a …

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

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 …

Source: Elevate Midstream Partners

Tailwater-Backed Elevate Midstream Enters into Eight Year Agreement with Sabine Oil and Gas

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

Source: Crestwood Equity Partners

Crestwood Bolsters its Midstream Assets in the Bakken

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

Source: NGL Energy Partners

NGL Energy Partners Makes $300 Million Divestiture

By Tyler Losier, Energy Reporter, Oil & Gas 360

NGL Energy Partners sells TransMontaigne Product Services for $300 million
NGL Energy Partners LP (stock ticker: NGL), a vertically integrated midstream company, has signed a definitive agreement to sell TransMontaigne Product

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

Former EnLink Midstream CEO Reassumes His Role

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

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

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

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources
Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Source: Goodnight Midstream

Altus Midstream Acquires Stake in Shin Oak Pipeline

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

Source: Lineal Industries

E&P Diversifies Through Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Acquisition of Lineal Star completed in an all-stock transaction
Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its

Oil & Gas 360 Energy News

Antero Midstream to Launch $600 Million Offering

By Tyler Losier, Energy Reporter, Oil & Gas 360

Antero intends to offer $600 million in senior unsecured notes
Antero Midstream Partners LP, a wholly owned subsidiary of Antero Midstream, intends to offer $600 million in aggregate principal amount of

Source: Qatar Petroleum

Chevron Phillips and Qatar Petroleum Form JV

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chevron Phillips to have 30% stake in new petrochemical plant
Chevron Phillips Chemical Company LLC - equally owned by Chevron Corporation and Phillips 66 - and Qatar Petroleum (QP) have inked

The CD5 drill site, part of the Alpine Field, has four completed wells with plans for 11 more by early 2017.

ConocoPhillips Grabs Acreage in Alaska

By Tyler Losier, Energy Reporter, Oil & Gas 360

ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery.

The land in

Range Appoints Director

Range Appoints Director

Source: Range Resources Corporation

FORT WORTH, Texas, Nov. 01, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that Steve Gray has been appointed to the Company’s Board of Directors. Mr. Gray’s …

November 2, 2018 - 12:26 pm Closing Bell Story‎, Corporate Governance
SemGroup and DCP Midstream Extend Open Season

SemGroup and DCP Midstream Extend Open Season

SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas.…

June 26, 2018 - 12:57 pm Closing Bell Story‎, Midstream, Natural Gas News
Targa NGL Launches Open Season

Targa NGL Launches Open Season

Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that Targa NGL Pipeline Company LLC, a wholly owned subsidiary of the Company, has launched an open season commencing June 15, 2018 and closing July 6, 2018 to gauge …

Unit Corporation Produces 4.3 MMBOE in 2017

Unit Corporation Produces 4.3 MMBOE in 2017

In the fourth quarter of 2017, Unit Corporation (ticker: UNT) recorded a net income of $89.2 million, this compares to a net income of $1.7 million for Q4 2016. $81.3 million of the net income was accounted for as a …

Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Corporation (ticker: OXY) reported net income of $497 million, or $0.65 per diluted share, for the fourth quarter of 2017, compared with $190 million, or $0.25 per diluted share, for the third quarter of 2017.

Core income for …

Diamondback Energy Earns $115 Million in Q4, Earmarks $1.3 Billion-$1.5 Billion 2018 Permian Spend

Diamondback Energy Earns $115 Million in Q4, Earmarks $1.3 Billion-$1.5 Billion 2018 Permian Spend

Diamondback Energy, Inc. (ticker: FANG) pulled in a net income of $115 million in the fourth quarter of 2017, or $1.16 per diluted share. Diamondback spent $246 million on drilling, completions, non-operated properties and $61 million on infrastructure in the …

Enterprise Products Plans to Convert NGL Pipeline to Crude Oil

Enterprise Products Plans to Convert NGL Pipeline to Crude Oil

Enterprise Products Partners L.P. (ticker: EPD) plans to convert one of its NGL pipelines to carry crude oil from the Permian Basin to Enterprise’s crude oil hub in the Houston area. The conversion is expected to be completed in the …

New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment

New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment

220,000 BPD pipe: targeting early 2018 for initial phase in-service date

EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor …

September 29, 2017 - 12:31 pm Closing Bell Story‎, Midstream, MLP News, Oil and Gas 360 Articles
Energy Upside: the Surge of Ethane

Energy Upside: the Surge of Ethane

Natural gas production has increased aggressively over the last 10 years after the shale revolution unlocked the door to vast new resource potential.

In the U.S., marketed natural gas production has increased from 53.2 Bcf/d in 2006 to 78.9 Bcf/d …

Martin Midstream to Sell NGL Barges

Martin Midstream to Sell NGL Barges

Martin Midstream Partners (ticker: MMLP) announced yesterday that it entered into an agreement to sell six liquefied natural gas barges for a total price of $41.25 million. MMLP has decided to exit the natural gas liquids floating storage and trans-loading …

February 6, 2015 - 6:06 pm Midstream, Oil and Gas 360 Articles
Encana Corp. Increasing Capital in 2015 to Focus on Liquids Program

Encana Corp. Increasing Capital in 2015 to Focus on Liquids Program

Encana Corporation (ticker: ECA) has announced a 2015 capital budget of $2.7 to $2.9 billion, with approximately 80% directed to four of its highest margin growth plays; the Montney and Duvernay in Canada, as well as the company’s Permian and …

Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

Innovation:  small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel

Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale …

November 5, 2014 - 5:16 pm Midstream, Oil and Gas 360 Articles, Oilfield Services