Permian Basin

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
EnLink Expects Permian, Oklahoma to Lead Natural Gas Supply Growth in 2023

EnLink Expects Permian, Oklahoma to Lead Natural Gas Supply Growth in 2023

Higher commodity prices are driving double-digit natural gas volume growth in the Permian Basin for EnLink Midstream LLC, but the turnaround in Oklahoma production is “perhaps the most impressive,” according to management. “The volume story out of Oklahoma continues to brighten as producers have responded to the improved pricing environment,” said EnLink COO Ben Lamb…

May 25, 2022
EnLink Sees Higher Natural Gas Prices Setting Up Substantial Production Growth in 2023

EnLink Sees Higher Natural Gas Prices Setting Up Substantial Production Growth in 2023

Higher commodity prices are driving double-digit natural gas volume growth in the Permian Basin for EnLink Midstream LLC, but the turnaround in Oklahoma production is “perhaps the most impressive,” according to management. “The volume story out of Oklahoma continues to brighten as producers have responded to the improved pricing environment,” said EnLink COO Ben Lamb…

May 24, 2022
Permian Natural Gas May Get Another Outlet with Matterhorn FID

Permian Natural Gas May Get Another Outlet with Matterhorn FID

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

May 23, 2022
Texas Gains 5,200 Direct Natural Gas and Oil Jobs from March to April

Texas Gains 5,200 Direct Natural Gas and Oil Jobs from March to April

Texas’ upstream natural gas and oil industry added 5,200 direct jobs from March to April, bringing the state’s latest direct upstream headcount to 190,400, the Texas Independent Producers and Royalty Owners Association (TIPRO) said Friday. “Texas operators are responding to the call to increase production, despite facing numerous challenges, including inflationary pressures, workforce shortages and…

May 23, 2022
Permian Pure-Play Laredo Sees Diesel, Chemical Costs as Wildcards

Permian Pure-Play Laredo Sees Diesel, Chemical Costs as Wildcards

Laredo Petroleum Inc. has locked in pricing for most of its oilfield services operations through the rest of this year to counter inflation, but costs for the diesel fuel and chemicals needed to sustain them remain harder to predict. “We worked with our service partners to lock in 85% of expected drilling, completions, equipment and…

May 20, 2022
Matterhorn Sanctioning May Signal Unleashing More Permian Natural Gas Supply

Matterhorn Sanctioning May Signal Unleashing More Permian Natural Gas Supply

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

May 20, 2022
Lower 48 Output on the Upswing as Natural Gas to Grow in June, EIA Projects

Lower 48 Output on the Upswing as Natural Gas to Grow in June, EIA Projects

The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…

May 19, 2022
U.S. OFS Jobs Jump by 8,600-Plus in April from March

U.S. OFS Jobs Jump by 8,600-Plus in April from March

U.S. oilfield services (OFS) and equipment sector employment reached an estimated 622,309 jobs in April, its highest level since September, the Energy Workforce & Technology Council reported in early May. “Oil and gas demand has continued to increase, and global demand will continue to rise as more countries cut off imports of Russian energy resources,”…

May 19, 2022
Centennial, Colgate’s $7B Merger to Create Permian Powerhouse

Centennial, Colgate’s $7B Merger to Create Permian Powerhouse

Centennial Resource Development Inc. and Colgate Energy Partners III LLC agreed to a roughly $7 billion merger of equals that would create what may be the largest pure-play exploration and production (E&P) company in the Permian Basin’s Delaware sub-basin. Publicly traded Centennial and privately held Colgate together hold roughly 180,000 net leasehold acres, 40,000 net…

May 19, 2022
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