Midstream

After years of declines, dry natural gas production from the Haynesville Shale reached record highs in the second half of 2021 as prices rose, according to the U.S. Energy Information Administration (EIA). The government agency said Haynesville gas production climbed to around 12 Bcf/d by the end of 2021, up from around 10 Bcf/d at…

Delek Logistics Partners LP is expanding its foothold into the northern part of the Permian Basin with a $624.7 million deal to acquire the equity interests of privately held 3Bear Delaware Holding-NM LLC. Delek’s newly formed subsidiary DKL Delaware Gathering LLC is set to acquire 3Bear’s crude oil and natural gas gathering, processing and transportation…

Texas pipeline company Max Energy has purchased the Upper Gulf Coast Pipeline from Southcross Gulf Coast Transmission Ltd. and is working to convert the system from natural gas to crude oil. Max said the eight-inch to 16-inch diameter natural gas pipeline is dormant and “strategically located.” The Southcross intrastate system has numerous intersection points with…

Alberta oilsands specialist Meg Energy Corp. reported that it has retained a 20,000 b/d oil shipping contract on the incomplete expansion of the Trans Mountain Pipeline. Management confirmed its plans for capacity on the Trans Mountain Expansion Project (TMX), whose estimated construction cost has ballooned 70%, while reporting fourth quarter and full-year 2021 earnings. TMX…

Tulsa-based Williams has clinched agreements with Quantum Energy Partners that include more than doubling its Haynesville Shale natural gas midstream footprint to 4 Bcf/d-plus from 1.8 Bcf/d. In one deal, Williams agreed to pay $950 million for Quantum’s Trace Midstream, which holds East Texas natural gas gathering and processing assets.  A memorandum of understanding with…

Houston-based Energy Transfer LP has agreed to sell its 51% stake in its Canadian arm for about C$1.6 billion ($1.3 billion) to a joint venture that includes Pembina Pipeline Corp. and global infrastructure funds managed by KKR. Energy Transfer Canada ULC is one of the largest natural gas processors in Alberta. Its assets include six…

Strong demand for oil and refined products, as well as the startup of a new diluent recovery unit (DRU), fueled earnings growth in 2021 for Gibson Energy Inc., a Calgary-based liquids processing, storage and marketing firm. Gibson started operations in December on the DRUbit, with the facility operating at or above its nameplate 50,000 b/d…

Natural gas pipeline and storage provider DT Midstream Inc. (DTM) said it would ramp up investments in new projects over five years and held up as a key example a new endeavor in the Haynesville Shale to capitalize on mounting demand for liquefied natural gas (LNG). The Detroit-based midstream company, with a portfolio that includes…

Williams, which specializes in natural gas processing and transportation, set new highs for itself in 2021 and expects robust activity over the next two decades given mounting global demand. “There is a lot of upside right now in our business,” CEO Alan Armstrong said during a webcast meeting with analysts the company held Tuesday after…