Record-low differentials for heavy crudes that compete on the US Gulf Coast may not rebound until the Trans Mountain pipeline expansion enters service and diverts Canadian sour barrels away from the US and toward Canada’s […]
(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel. Gas in an area of the […]
The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]
Enterprise Products Partners LP said Wednesday it would ramp up its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas and other fossil fuels. The Houston-based […]
Investors will watch second-quarter midstream earnings presentations for signs that companies can navigate volatile commodity prices and concerns about the rising risk of economic recession. Analyst predictions remained largely positive against a favorable backdrop for […]
HOUSTON–(BUSINESS WIRE)–Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. “In addition, approximately 30 of Kinetik’s […]
Magellan Midstream announced the extension of their open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential […]
Brokerages forecast that EnLink Midstream, LLC (NYSE:ENLC – Get Rating) will post $1.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for EnLink Midstream’s earnings, with the highest sales estimate […]
DALLAS–(BUSINESS WIRE)–Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that one of its wholly-owned subsidiaries has entered into a definitive agreement with a wholly-owned subsidiary of Summit Midstream Partners, LP (“Summit”) to […]
Ben Samuels, President, Source Rock Midstream stopped by the Energy News Beat (ENB) podcast. Just to set this one up, Ben and I have been talking smack with Ryan Ray on social media and have […]
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