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Infrastructure Company Savage Acquires Houston’s Texon
Texon, a midstream service provider, will continue operations under its legacy brand.
Oscars Season? Meet Guidance Season … and the Winner is?
Like movies under the Marvel and “Star Wars” banners—that have recently bombed—growth stocks are continuing a good run, but the appeal of the niche midstream sector could take center stage in 2024.
DT Midstream’s LEAP Expansion Readies for January Service
DT Midstream has reached mechanical completion for Phase 2 of the LEAP pipeline expansion project.
Exclusive: Permian Infrastructure is "Sufficient," Says Plains' McGee [WATCH]
In this Hart Energy LIVE Exclusive, Plains All American Pipeline's Richard McGee believes the Permian will be "a major contributor" to the world's energy supply and that its existing infrastructure is enough to deal with future production, at least in the medium term.
The Latest
Pembina Pipeline to Renew Share Repurchase Program
Pembina Pipeline has approval from the Toronto Stock Exchange to purchase up to 5% of its outstanding common shares.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
LM Energy to Expand Gas Gathering System in the Delaware
LM Energy is building new compressor stations and adding 70 miles of pipeline in the Delaware Basin.
ONEOK to Expand NGL Network Around Houston Through $280MM Acquisition
Easton Energy is agreeing to sell 450 miles of lines along Southeast Texas coast to ONEOK.
Dividends Declared in the Week of May 6
Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.
GeoPark, Vitol Sign Offtake Deal for Llanos 34 Block
Under the agreement, GeoPark will sell and deliver to Vitol a minimum of 20,000 bbl/d of oil from the Llanos 34 Block in Colombia, which GeoPark holds 45% working interest.
Enbridge Plans to Increase Permian Oil Pipeline’s Capacity
Midstream company Enbridge announced an open season on the Gray Oak Pipeline for a proposed 120,000 bbl/d expansion and updated its M&A efforts.
Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge
Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.
Kinetik Launches Delaware Basin M&A Valued at $1.3B
Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter
Energy Transfer is among several firms vying to build deepwater ports along the Texas Gulf Coast.