Pegasus Resources, LLC, a mineral and royalty company based in Fort Worth, Texas, has secured a second $300 million equity commitment from EnCap Investments L.P. EnCap’s total commitment to Pegasus is now $600 million. Pegasus received the initial commitment of $300 million from EnCap in November 2017. Pegasus focuses on acquisition and management of mineral and royalty properties in the core
From Bloomberg Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS. Production has already started slowing, with supplies this month expected to average less than 1.3 million barrels a day for the first time since May. If West
Ring Energy, Inc. Signs Purchase and Sale Agreement with Wholly Owned Subsidiary of The Carlyle Group L.P.
Wolf Midstream Launches Binding Open Season for Gray Wolf Crude Connector from Big Spring to Midland
Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development
Lone Star Ports and Martin Midstream Partners will create exclusive VLCC export solution on Harbor Island EPIC crude oil pipeline will connect Harbor Island to more than 1 MMBOPD A week ago, the funding to dredge the Corpus Christi ship channel was given the thumbs up by the U.S. Army Corps of Engineers. Now, the Port of Corpus Christi Authority
Cheniere ships First LNG from Corpus Christi plant Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week. The export is the first from a greenfield liquefaction facility in the lower 48 states. Jack Fusco, Cheniere’s president and CEO pointed out that his company delivered the project
From Houston Chronicle Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association. The association, citing data from the Texas Workforce Commission, reported on Tuesday that Texas has recovered 49 percent of the jobs it lost between peak employment in December
From Caller Times Local opposition is continuing to grow against a proposed offshore terminal that could be located near the Padre Island National Seashore, with several governmental entities asking Gov. Greg Abbott to put a stop to it. One week after Nueces County commissioners sent a letter to the Texas General Land Office and Abbott expressing “deep concerns” about the terminal
Infrastructure build and industrial boom spark tensions, concerns with Texas coastline residents From The Texas Tribune PORT ARANSAS — Texas, home to the most prolific oilfield in the country, is at the epicenter of the frenzy. More than 80 plants, terminals and other projects are in the works or planned up and down the state’s Gulf Coast, from Port Arthur to
From Reuters Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in Texas tumbled almost 80 percent to their lowest on record because of limits on the amount of gas that can move out of the region by pipeline. Prices at the Waha hub fell to an average of 25 cents per million British thermal
The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world. The U.S. set a new record for daily oil production at 11.3 MMBOPD in August 2018, according to new data from the EIA. Thanks largely to U.S. shale, the fast-growing production from
