Devon is Latest to Deal as M&A Transforms Bakken
Devon Energy (DVN) will acquire the Williston Basin assets of Grayson Mill Energy for $5B in cash and stock. The…
Permian
The Countdown Begins to Matterhorn Start-up
East Daley is watching the Texas natural gas market closely for signs of activity from Matterhorn Express Pipeline. Whitewater Midstream…
M&A, Efficiencies Clip Wings of Permian Growth
Rig activity continues to decline in the Permian Basin, weighed down by consolidation and operators’ drive to control spending. Rig…
Record Ethane Production Bodes Well for 2Q24 Earnings
Ethane was the top energy commodity performer in March ‘24, according to the latest EIA data. Higher recovery predicted by…
ET Has Caught Up in the Permian G&P Race
Energy Transfer (ET) is making inroads to match rivals and expand its already enormous Permian G&P systems.
Energy Transfer Makes a Play for Midland NGLs
Energy Transfer has made a big move to secure a slice of the Midland NGL pie. The $3.25B acquisition of…
ET Joins Permian M&A Frenzy with $3.25B Deal for West Texas Gas
Energy Transfer (ET) has made a statement acquisition in the Permian, reaching a deal to acquire West Texas Gas Midstream…
Phillips 66 Expands Reach in Midland with Pinnacle Buy
Phillips 66 acquires Pinnacle Midstream, gaining key assets in Midland. This acquisition strengthens PSX’s Permian footprint and downstream integration.
M&A Exerts a Gravity on Permian Rig Counts
E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite…
Kinetik Extends Reach in Delaware with Durango Midstream Purchase
Kinetik will acquire Durango Midstream’s Permian Basin assets for $765MM in stock and cash, extending the company’s reach further north…