natural gas processing

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,…

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…

Targa Resources Corp. said Thursday it has signed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million in a deal that will consolidate Targa’s natural gas gathering and processing footprint. The Southcross assets include a currently idle 200 MMcf/d natural gas processing plant, Houston-based Targa said. Through the…

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…

Houston’s Enterprise Products Partners LP has agreed to acquire Navitas Midstream Partners LLC for $3.25 billion, giving the giant partnership an entry point in the Permian Basin of West Texas and an additional 1 Bcf/d of natural gas processing capacity. The agreement to acquire Navitas, headquartered north of Houston in The Woodlands, could be completed…

A joint venture (JV) led by Malaysia’s Coastal Contracts Bhd has secured a roughly $1.06 billion contract from Mexican state oil company Petróleos Mexicanos (Pemex) to build and operate a natural gas conditioning plant at the Ixachi onshore gas and condensate field in Veracruz state. The plant will have capacity to treat 300 MMcf/d of…

After seeing better-than-expected growth in gathering volumes in the Permian Basin, Targa Resources Corp. is planning for another processing plant in the Midland sub-basin. The Houston-based midstreamer reported that system inlet volumes rose 7% sequentially in the third quarter, with total Permian inlet volumes reaching a record 2,952 MMcf/d. Management now expects volumes this year…

Processing facilities in Mexico’s oil and natural gas patch are emitting “exceptionally high levels of methane pollution” at 10 times the rate being reported by the government, according to a new study led by the Environmental Defense Fund (EDF). The study tracked emissions of the potent greenhouse gas across the states of Chiapas, Tabasco, Veracruz…

Targa Resources Corp. is relocating a cryogenic natural gas processing plant to the Permian Basin from North Texas to boost what it said is much needed capacity in the region. The Houston-based midstream operator said the Longhorn plant would be moved to the Midland sub-basin in West Texas to accommodate increasing production. The 200 MMcf/d…