Enbridge Plans Expansions to Solidify Lead in Corpus Christi Exports
Enbridge (ENB) is making moves to solidify its position as the leading midstream operator for Corpus Christi crude oil exports.
Crude
The Houston–Midland Spread is Ready to Blow
With 2024 Permian egress tightness, our forecasts show rising Houston-Midland oil spread into 2025. Explore factors driving this shift and…
Chord, Enerplus Plan a Bakken Super-Merger
Chord Energy and Enerplus plan to merge in an $11B transaction, creating an E&P focused on Bakken oil development. Several…
Houston Price Opens Up in 2024 as Permian Egress Tightens
The price spread from Midland to Magellan East Houston (MEH) is primed to gap out in 2024, according to flows…
Chord, Enerplus to Merge into Top Bakken Producer
Rigs: US rig activity declined sharply W-o-W due to a loss of 9 rigs in liquids-driven basins for the February…
$26B Endeavor Buyout Signals Slower Growth in Midland
Diamondback Energy’s $26B buyout of Endeavor Energy Resources removes one of the Permian Basin’s fastest growing producers, signaling slower growth…
Diamondback, Endeavor to Merge in $26B Deal Targeting Midland
US rig count up by 6 (Jan 28). Diamondback merges with Endeavor in $26B deal, consolidating Midland Basin. EDA expects…
New Fields Grow Gulf of Mexico Production in 2024
Several new deepwater projects are planning to start up this year and contribute to higher production from the Gulf of…
TMX Raises Prices for Refiners, Canadian Producers
The total US rig count decreased by 6 rigs for the week ending January 21. The rig count now sits…
Bill Coming Due for Refiners as TMX Nears Completion
The cost to US refiners and midstream operators is coming into sharper view as the Trans Mountain Pipeline Expansion moves…