Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP
Diamondback Energy, Inc. Announces Sale of WTG Midstream
Cenovus Energy Inc.
Cenovus Energy Inc. is an integrated energy company headquartered in Calgary.
Triple Crown Resource
Triple Crown Resources focus is West Tecas and ranks #79 in wells drilled in 2023 with 36 wells drilled in the US.
Matador Resources Midstream
Ensuring flow assurance in the Delaware Basin is crucial due to capacity limitations. Matador has secured firm transport agreements on takeaway pipelines to mitigate risks associated with negative pricing at Waha and ensure that their gas can be sold.
Tubular Providers in the US
The Tubular company list below provides a list of companies that provide one or more of the tubular products listed below.
Chevron plans in the Delaware Basin – Infrastructure Build-Out
Chevron is undertaking more development in the New Mexico portion of the Delaware Basin this year.
Natural gas saw a significant gain week over week, hitting their highest level since January
While the natural gas market has shown improvement, it remains volatile and influenced by weather and production trends. Investors should exercise caution and consider holding fundamentally strong stocks like Coterra Energy and Cheniere Energy to navigate the unpredictable market landscape effectively.
Key Insights on ConocoPhillips’ Ownership Structure
ConocoPhillips has a significant institutional ownership of 83%, making its stock price sensitive to institutional trading actions. The top 19 investors hold a combined 50% stake, with The Vanguard Group being the largest shareholder at 9.3%.
Apache sells properties in Texas for over $700 million in two transactions
APA Corporation is selling non-core assets in Texas for over $700 million, with divestments in the Midland Basin and East Texas.
Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital
Phillips 66 is acquiring Pinnacle Midland Parent LLC for $550 million to expand its natural gas gathering and processing in the Midland Basin. This acquisition includes the Dos Picos system, which adds significant capacity and complements Phillips 66’s existing infrastructure. The transaction is expected to close by mid-2024, pending regulatory approval.
