Scout Energy Management Acquires Permian Basin Assets from ConocoPhillips

Author: phinds Category: Oil & Gas News

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC, which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. As part of this transition, regulatory filings for air permits have been submitted to the Texas Commission on Environmental Quality (TCEQ) under an Air New Source Review (NSR) Change of Ownership.

read more

Permian Growth and Midstream Investment: Enterprise Products Partners’ Expansion Strategy

Author: phinds Category: Mid Stream

The Permian Basin continues to solidify its role as the driving force behind U.S. oil and gas production. With rising natural gas and NGL output exceeding expectations, midstream companies are ramping up investments in infrastructure to meet growing demand. Enterprise Products Partners LP, a leading midstream operator, is taking a strategic approach to expansion, focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability.

read more

The Challenges of DDR Data Entry and Cost Tracking in Oil & Gas Drilling

Author: phinds Category: Customer Blog

Accurate Daily Drilling Reports (DDR) are essential for optimizing drilling operations, tracking costs, and ensuring project efficiency. However, a variety of challenges persist in the way DDRs are recorded, standardized, and used for decision-making. In this blog, we’ll explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking.

read more

Energy Transfer: Capitalizing on Permian Growth and Expanding Global Energy Exports

Author: phinds Category: Mid Stream

Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Additionally, the company reinforced its commitment to fee-based revenue streams, ensuring long-term financial stability and margin protection. Here’s a breakdown of how Energy Transfer is positioning itself for sustained growth and profitability in the evolving energy market.

read more

Whitecap Resources and Veren Announce $15 Billion Merger to Create Leading Light Oil Producer

Author: phinds Category: Oil & Gas News

In a landmark deal for the Canadian energy sector, Whitecap Resources Inc. (TSX: WCP) and Veren Inc. (TSX: VRN) have announced a strategic all-share merger valued at approximately $15 billion, including net debt. The transaction will create a leading Canadian light oil and condensate producer, with a dominant position in the Alberta Montney and Duvernay formations, as well as significant operations in Saskatchewan.

read more