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…
Eagle Ford
China’s Coal-to-Chemicals Quest Could Threaten Ethane Exports
China in February and June commissioned more petrochemical plants able to use coal to produce polymers. These massive complexes sprawl…
Junk or Jewels Plains Plans to Divest US NGL Assets on Path to Crude Pure Play
Plains All American (PAA) aims to become a crude oil midstream pure play, but a motley assortment of NGL assets…
Ethane Data Revisions Highlight Growing Petchem vs Export Competition
The Energy Information Administration (EIA) has revised upward its 2024 ethane data, confirming that supply growth was stronger than previously…
$1.57B EPIC Deal Bolsters Plains’ Position in Permian, Eagle Ford
The total US rig count decreased during the week of Aug 24 to 524. Liquids-driven basins increased by 1 rig…
Plains All Texan? EPIC Deal Solidifies PAA’s Stronghold in Permian, Eagle Ford
Plains All American will acquire a 55% non-operated interest in EPIC Crude Holdings, LP for $1.57B, the company announced last…
Petchem Industry Grapples With Global Overcapacity
Low margins and excess capacity have led to a reckoning in the global petrochemical industry. Companies in Europe and Asia…
Pipeline Takeaway Constrains Canada’s Oil Growth
The EIA has turned heads with a bearish call on crude oil. The agency now predicts prices will fall to…
How the NGL Overbuild Benefits Ethane Exports
The industry is on track to overbuild Permian NGL pipelines and LPG export docks, but the excess capacity may prove…
EIA Forecasts $50 Oil, Here’s Why We Differ
The EIA has turned heads with a bearish call on crude oil. The agency now predicts prices will fall to…