Energy Transfer LP is adding 3,000 miles of crude gathering and transportation traversing the Permian Basin to Oklahoma in a $1.45 billion deal for Lotus Midstream Operations LLC. The transaction with an affiliate of EnCap Flatrock Midstream (EFM), set to be completed by mid-year, would include a $900 million cash payment and 44.5 million new…
Hub
Articles from Hub
Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub
Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…
Blue Hydrogen Projects Gaining Steam Across Lower 48 Oil, Natural Gas Patch
Plans to produce low-carbon hydrogen, using natural gas and carbon capture, utilization and storage (CCUS), are gaining momentum in major producing states such as North Dakota and Texas. Bakken Energy LLC on Monday agreed to acquire the Great Plains Synfuels Plant in Beulah, ND, as part of a larger plan to develop a more than…
Mexico Natural Gas Market Eyeing Agua Dulce Forward Curves Ahead of Peak Summer Season
The recent addition of the Agua Dulce pricing location to NGI’s Forward Look offered natural gas buyers in Mexico insight into any lingering concerns related to last month’s energy crisis in Texas. Mexican market players are looking to Agua Dulce forward curves to gain further understanding of key issues in the U.S. gas market going…
Appalachian NGL Hub Proposal Clears Hurdle in Hunt for $3B-Plus in Financing
For nearly a decade, Steve Hedrick and his colleagues have been trying to make a natural gas liquids (NGL) storage hub in the Appalachian Basin a reality. Those efforts came one step closer to fruition on Wednesday.
Philadelphia Consortium Lobbies for NatGas Energy Hub
A consortium of energy industry, business, labor and academic interests behind Philadelphia’s push to transform the city and surrounding areas into a modern energy hub wants to double the 3 Bcf/d of natural gas that is consumed in the region.
Wyoming 53 Bcf Storage Field Returns After Two-Year Hiatus
An Opal Hub underground natural gas storage facility closed by a fire in 2013, Ryckman Creek, reopened at the end of December, the head of the Wyoming Pipeline Authority (WPA) told NGIon Friday.