E&P Mergers Take Toll on Permian Drilling
Permian Basin rig counts have declined in recent months from a high of 353 in late April to 326 rigs…
Crude
Barrels Wanted: $7.1B Crestwood Acquisition May Boost ET’s Downstream Volumes
Crestwood, Crude, Energy Transfer, Equitrans Midstream, Natural Gas Liquids, Oneok, Powder River, Targa, The Daley Note
Energy Transfer’s $7.1B acquisition of Crestwood Equity (CEQP) gives ET reach in new basins and could lift volumes on several…
TC Energy to Spin Off Liquids Pipelines
TC Energy (TRP) plans to spin off its crude oil pipelines into a separate company to focus on natural gas…
For Shaky Upstream, Delaware is the Rock to Lean On
As rig counts falter in many oil and gas plays, the Delaware is proving the rock producers can lean on.…
Restocking America’s Crude Oil Reserves
The 1st of what was to be 3 restock installments into the Strategic Petroleum Reserve, SPR, Big Hill Site began…
From Boom to Change: The Shifting Permian Crude Rates
The average transportation rate to take a barrel of crude oil from the Permian to Corpus Christi is changing, and…
Lower Volumes Aren’t Always a Bad Thing
New Texas Railroad Commission (TRC) data indicates volumes continue to fall on NuStar’s (NS) Eagle Ford crude pipelines, but one…
Enbridge Line 5 Faces New Legal Drama
A federal judge has ruled in favor of a complaint by a Chippewa tribe and ordered Enbridge’s (ENB) Line 5…
Canada Christi – Gibson Energy Enters Texas Export Market
Canadian company Gibson Energy is acquiring South Texas Gateway for $1.1B in cash. The deal will place the Calgary-based company…
Trans Mountain on Track to Boost Oil Flows in 1Q24
An expansion of the Trans Mountain Pipeline is on track for completion in early 2024, providing a new outlet to…