In a recent development within the Texas oil and gas sector, multiple air permits have been transferred from SN Operating LLC to Formentera Operations LLC, signifying a strategic move in the Eagle Ford Shale. This permit transfer is critical to ongoing oil and gas production in South Texas, specifically in Frio County, where these facilities are located.
The midstream sector kicked off 2025 with a major acquisition as EnCap Flatrock Midstream (EFM) announced the sale of Ironwood Midstream Energy Partners II (Ironwood II) to Plains All American Pipeline (NYSE: PAA) for over $800 million in cash. The deal, which also includes EFM’s Plains Series A Preferred Units, is set to close in the first quarter of 2025, pending regulatory approvals.
The Eagle Ford Shale has remained one of the most prolific oil and gas-producing regions in the United States, with several major operators continuing to drill aggressively throughout 2024. Below, we highlight the top operators by the number of wells drilled in the Eagle Ford during the year, along with the year-over-year spread compared to 2023. This list provides valuable insights into which companies are driving production growth in this key basin.
Phillips 66 (NYSE: PSX) has taken a significant step to strengthen its position in the Permian Basin midstream sector by announcing a definitive agreement to acquire EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP (collectively referred to as “EPIC NGL”). The acquisition is valued at $2.2 billion in cash, subject to customary purchase price adjustments.
In a groundbreaking development for the oil and gas industry, Coterra Energy Inc. has become the first operator in North America to implement Halliburton’s cutting-edge Octiv® Auto Frac service. This innovative technology brings automation to hydraulic fracturing, fundamentally transforming how stages are executed during well completions. The collaboration marks a significant milestone in advancing operational efficiency in hydraulic fracturing.
U.S. drilling rig activity remained steady over the past week, with the total count holding at 589 rigs, according to the latest Rig Report from Baker Hughes Co.
Permian Resources has taken another significant step in optimizing its portfolio by divesting a key portion of its Reeves County midstream assets to Kinetik Holdings. The $180 million transaction is part of the company’s ongoing strategy to streamline operations and focus on its core exploration and production (E&P) business in the Delaware Basin.
n this report, we highlight the top 10 oil and gas operators in Canada that have shown the largest year-over-year increase in wells drilled between 2024 and 2023. These companies represent the driving forces behind Canada’s energy production growth.
Trident Intrastate Pipeline is a 216-mile-long pipeline that will originate near Katy, Texas, and stretch across several counties, including Grimes, San Jacinto, Liberty, Hardin, and Jefferson. The pipeline will feature both 48-inch and 42-inch mainline sections and is designed to transport up to 2.8 billion cubic feet of natural gas per day (Bcf/d) to key delivery points across Texas.
LoneSTAR is a state-of-the-art tracking and reporting system developed by the Texas Railroad Commission to enhance the management of oil and gas operations in Texas. It’s a centralized, digital platform that brings together millions of records and streamlines the way data is accessed, submitted, and monitored.
