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…
Crude
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…
Permian Production Exits 2023 at a Record High
Crude oil production from the Permian Basin exited 2023 at an all-time high of 6,115 Mb/d, according to East Daley’s…
New Fields to Lift Gulf of Mexico Output in 2024
The total US rig count decreased by 2 rigs W-o-W, down to 600 from 602. The Eagle Ford is up…
Sunoco’s $7.3B NuStar Deal Opens Options for Energy Transfer
Sunoco’s $7.3B NuStar buy could drive earnings and future synergies with Energy Transfer, adding growth options and refining Sunoco’s crude…