In the face of operational issues across its gathering and processing systems in the third quarter, Targa Resources Corp. is progressing projects in the Permian Basin to meet the infrastructure needs of producers anticipating strengthening export demand. Operations commenced at Houston-based Targa’s Greenwood plant in the Permian’s Midland sub-basin ahead of schedule in October and…
Tag / Delaware sub-basin
SubscribeDelaware sub-basin
Articles from Delaware sub-basin
Enterprise Adds More Natural Gas Capacity in Permian with Ramp Up at 300 MMcf/d Plant
Enterprise Product Partners LP has begun service at its Poseidon cryogenic natural gas processing plant in Glasscock County in West Texas. The company’s sixth plant in the Midland sub-basin has a nameplate capacity of 300 MMcf/d and can extract more than 40,000 b/d of natural gas liquids (NGL). Enterprise now is able to process 1.3…
Earthstone, NOG Continue Permian Basin Expansion with $1.5B Novo Acquisition
Earthstone Energy Inc. and Northern Oil and Gas Inc. (NOG) are joining forces in the Permian Basin to acquire privately held Novo Oil & Gas Holdings LLC for $1.5 billion. Novo, an exploration and production (E&P) firm backed by EnCap Investments LP, operates in the northern portion of the Permian’s Delaware sub-basin. Earthstone has been…
Devon Focusing Capex on Permian Delaware, Says Natural Gas Takeaway Sufficient
Devon Energy Corp. is planning to focus a majority of its capital on the Permian Basin’s Delaware sub-basin this year, management said Wednesday. Oklahoma City-based Devon, a leading Lower 48 independent, operates primarily in the Permian Delaware, Anadarko, Williston and Powder River basins, along with the Eagle Ford Shale. Devon has set a 2023 capital…
Matador Snagging More Permian Acreage in $1.6B-Plus Deal to Buy Advance Energy
Matador Resources Co. has bolted on its largest deal yet in the Permian Basin in an agreement to acquire Advance Energy Partners Holdings LLC, with assets in New Mexico and West Texas. The independent is providing an initial cash payment of $1.6 billion, with an additional $7.5 million total paid monthly in 2023 if the…
Milestone Unveils New Mexico’s First Carbon-Negative Energy Waste Facility in Permian
Milestone Environmental Services LLC has expanded its energy waste sequestration and cleanup efforts in the northern Delaware formation of the Permian Basin, with the opening of its first New Mexico-based liquid oilfield waste facility. “American oil and gas is critical to powering the nation and the world, and Milestone is committed to cleaning up energy…
Targa Sees ‘No Slowdown’ in 2023, Pulls Trigger on Two Permian Midstream Projects
After posting record volumes across its gathering and processing (G&P) systems during the third quarter, Targa Resources Corp. has sanctioned two midstream projects in the Permian Basin. A second natural gas processing plant at the Wildcat facility in the Delaware sub-basin of the Permian would boost processing capacity by 275 MMcf/d. To be called Wildcat…
Matador CEO Says Permian Delaware Wells Exceeding Expectations
Matador Resources Co. is seeing better than expected results from recently completed wells in the Permian Basin’s Delaware sub-basin, according to CEO Joseph Foran. As a result, Dallas, TX-based Matador is increasing the midpoints of its full-year 2022 production guidance from 21.7 to 21.85 million bbl for oil, and from 95.5 to 97.0 Bcf for…
Diamondback Bolting on ‘More Than a Decade’ of Permian Inventory, Targeting $500M in Asset Sales
Diamondback Energy Inc. has entered a deal to acquire all leasehold interest and related assets of privately held FireBird Energy LLC for $775 million in cash and 5.86 million Diamondback shares. The West Texas asset package spans about 75,000 gross (68,000 net) acres in the Permian Basin’s Midland sub-basin. “This bolt-on acquisition adds significant, high-quality…
Northern Oil to Grow Permian Delaware Reach with Alpha Energy Deal
Northern Oil and Gas Inc. (NOG) has agreed to acquire stakes in Permian Basin properties spanning about 2,800 acres in New Mexico and Texas from Alpha Energy Partners for $157.5 million. NOG reported that Mewbourne Oil Co. is the primary operator of the assets, which span about 2,800 acres in the Permian’s Delaware sub-basin in…