Enbridge Advances Mainline Expansion as Canadian Exports Fill System
Enbridge (ENB) has reached a final investment decision (FID) on its $1.4B Mainline Optimization Phase 1 (MLO1) project. The initiative…
Crude Oil Edge
SM Energy-Civitas Merger Creates Top 10 US Oil Producer
SM Energy (SM) and Civitas Resources (CIVI) will merge in a $12.8B deal including debt, creating a formidable E&P company…
Competition Heats Up to Ship Refined Products West
Phillips 66 (PSX) and Kinder Morgan (KMI) have launched an open season for the Western Gateway Pipeline, the latest salvo…
Basin Pipeline Volumes Surge on Cushing Premium
In June and July, Basin Pipeline’s deliveries to Cushing, OK and Wichita Falls, TX reached levels not seen since November…
ET, FourPoint to Expand Uinta Crude Terminal
Rigs: The total US rig count decreased during the week of Oct. 12 to 516. Infrastructure: FourPoint Resources has reached…
Chevron Considers Sale of DJ Pipeline Assets
Rigs: The total US rig count decreased during the week of Oct. 5 to 519. Infrastructure: Chevron (CVX) is exploring…
Phillips 66 Doubles Down on Refining in $1.4B Cenovus Deal
On Sept. 9, Phillips 66 (PSX) announced a $1.4B deal to acquire the remaining 50% stake in WRB Refining from…
EPIC Deal Opens Door to More Kinetik Crude Asset Sales
Kinetik’s (KNTK) recent sale of its 27.5% equity interest in the EPIC Crude Pipeline could open the door to more…
Crude Bottlenecks Hamper Permian Gas Ambitions
With market attention fixed on the Permian Basin, questions continue to surface about the trajectory of future production. East Daley…
Chord Energy Expands Low-Cost Williston Footprint
Chord Energy (CHRD) is strengthening its Williston Basin position with a $550MM acquisition of assets from ExxonMobil (XOM) subsidiary XTO…