Midstream

Kinder Morgan Records Stronger Natural Gas Volumes in Texas

Kinder Morgan Records Stronger Natural Gas Volumes in Texas

Rising natural gas gathering volumes in the Haynesville and Eagle Ford shales boosted the bottom line during the second quarter for Kinder Morgan Inc., which is now looking to grow its supplies for U.S. LNG exports. Gas gathering volumes during 2Q2022 were up 12% year/year, led by a 15% increase in Haynesville volumes and a…

July 25, 2022
Crestwood Closes $600M Sendero Acquisition, Expanding Permian Delaware Midstream Presence

Crestwood Closes $600M Sendero Acquisition, Expanding Permian Delaware Midstream Presence

Crestwood Equity Partners LP has closed a previously announced series of transactions that include the acquisition of Permian Basin-focused Sendero Midstream Partners LP for $600 million. Crestwood also acquired the remaining 50% stake held by private equity firm First Reserve in Crestwood Permian Basin Holdings LLC (CPJV) for 11.3 million Crestwood shares valued at $320…

July 21, 2022
Kinder Aiming to Expand Natural Gas Transportation Business for Booming LNG Sector

Kinder Aiming to Expand Natural Gas Transportation Business for Booming LNG Sector

Kinder Morgan Inc. is prepared to invest more in the near term as it aims to grow its market share of natural gas deliveries to U.S. LNG export facilities. During a Wednesday call with investors, CEO Steven Kean said Kinder has around 7 Bcf/d currently contracted on its pipelines to serve liquefied natural gas export…

July 21, 2022
Former Buckeye Executive Tapped to Lead EnCap-Backed Manchester Energy

Former Buckeye Executive Tapped to Lead EnCap-Backed Manchester Energy

Newly formed Manchester Energy LLC has its sights set on accelerating midstream solutions across the oil and natural gas sector after a period of underinvestment, while also advancing energy transition initiatives to meet increasing demand. Backed by EnCap Flatrock Midstream (EFM), Manchester is to be led by CEO Khalid Muslih, who previously served as executive…

July 14, 2022
Appalachian Pure-Play Olympus Certifying All Natural Gas, Midstream Operations

Appalachian Pure-Play Olympus Certifying All Natural Gas, Midstream Operations

Olympus Energy LLC has become the latest exploration and production (E&P) firm to claim the distinction of producing 100% certified natural gas after an analysis by Project Canary. Pittsburgh independent Olympus operates around 100,000 net acres with more than 10 producing wells in Marcellus, Utica and Upper Devonian plays of southwestern Pennsylvania.  Olympus COO Mike…

July 12, 2022
Oneok Investigating Fire at Oklahoma’s Medford NGL Fractionator

Oneok Investigating Fire at Oklahoma’s Medford NGL Fractionator

Tulsa-based Oneok Inc. on Monday was working with Oklahoma emergency responders and regulatory authorities to evaluate the damage at its Medford natural gas liquids (NGL) fractionation facility following a fire on Saturday. All of the midstream operator’s personnel were accounted for, according to spokesperson Brad Borror. The company was continuing to “prioritize the safety of…

July 11, 2022
Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Houston-based Targa Resources Corp. has clinched an agreement to buy Lucid Energy Group’s Permian Basin Delaware natural gas processing business, which would add 1,050 miles of pipeline and 1.4 Bcf/d of capacity.The all-cash deal for Lucid Energy Delaware LLC, valued at $3.55 billion, was reached with sponsors Riverstone Holdings LLC and Goldman Sachs Asset Management.…

June 17, 2022
Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Resources Co. has agreed to purchase Summit Midstream Partners LP’s Lane natural gas gathering and processing (G&P) system in New Mexico’s Eddy and Lea counties for $75 million. In connection with the deal, Matador “will assume certain takeaway capacity on the Double E pipeline, a FERC-regulated natural gas pipeline operated by Summit,” the Dallas-based…

June 13, 2022
Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Private equity-backed Canes Midstream LLC said Wednesday it has closed on its acquisition of Permian Basin midstream firm Cogent Midstream LLC. Located in the southern portion of the Permian’s Midland sub-basin, the Cogent assets include 520 MMcf/d of natural gas processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system,…

May 27, 2022
Crestwood Doubling Permian Delaware Processing Footprint with Sendero Acquisition and Exiting Barnett

Crestwood Doubling Permian Delaware Processing Footprint with Sendero Acquisition and Exiting Barnett

Crestwood Equity Partners LP announced a trio of transactions to more than double its natural gas processing capacity in the Permian Basin’s Delaware formation, and to divest its position in the Barnett Shale. The largest of the three deals would see Crestwood acquire Sendero Midstream Partners LP for $600 million. Located entirely in Eddy County,…

May 26, 2022