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…
Crude
Phillips 66 Doubles Down on Refining in $1.4B Cenovus Deal
Phillips 66 will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4B, giving it full ownership of…
Permian Oil Near a Peak? Indicators Suggest Delaware Has Room to Run
Industry consensus expects Permian Basin oil supply to flatten and begin rolling over, driven by a significant reduction in active…
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…
The Next Commodity Cycle: Green Light for Gas, Pit Stop for Oil
ArkLaTex, Crude, Dirty Little Secrets, Green River, Haynesville, Natural Gas, Northeast, Piceance, San Juan, The Daley Note
Sentiment is dour in the oil patch as independents and the supermajors adjust to a new era of US oil…
Midstreamers Prepare for Uinta Crude Run
Midstream competition is heating up in the Uinta, one of the few basins where production is set to grow with…
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…
Chevron Puts $2B in DJ Assets Up for Sale
Chevron is exploring a sale of pipeline assets in the Denver-Julesburg Basin that could fetch over $2B, Reuters reports. East…
Kinetik Poised to Cut Crude Ties? EPIC Deal Could Open Door to More Sales
Kinetik’s recent sale of its 27.5% equity interest in the EPIC Crude Pipeline could open the door to more divestitures.…
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…