Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced plans to further expand its natural gas processing capabilities in the Permian Basin with construction of the Mentone West 2 plant in the Delaware Basin.
U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity.
APA Corporation’s acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
Mach Natural Resources LP announced its financial and operating results for the year ended December 31 of 2023, showing total revenues of $762 million and net income of $347 million.
Mach reported third quarter generated net income of $83 million and adjusted EBITDA of $121 million. It also incurred capital expenditures of $66 million during the quarter.
According to the AER’s “earthquake dashboard,” fracking caused a swarm of hundreds of earthquakes ranging from magnitudes of about 1 to 3 just 56 kilometres west of the town of Fox Creek this winter.
The Wilderness Society and Friends of the Earth that BLM failed to adequately gauge potential impacts from future drilling on big game animals and an imperiled species of bird known as the greater sage grouse, finding its analysis was not detailed enough and relied too heavily on an earlier, broader examination of oil and gas drilling in the region.
Both companies are building major projects, and senior officials told an industry audience that the future is bright for new oil development in Arctic Alaska
Summit Midstream Partners, LP (NYSE: SMLP) (“Summit”, “SMLP” or the “Partnership”) announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC (“OGC”), approximately 38% interest in Ohio Condensate Company, LLC (“OCC”, collectively with OGC, “Ohio Gathering”) and wholly owned Utica assets (collectively, “Utica Position”) to a subsidiary of MPLX LP (“MPLX”) for $625 million in cash (the “Utica Divestiture”).
In a significant transaction, Apache Midstream LLC, a wholly owned subsidiary of Apache Corporation (NASDAQ:APA), has sold its entire stake in Kinetik Holdings Inc. (NASDAQ:KNTK). The sale, which occurred on March 18, 2024, involved 13,079,871 shares of Class A Common Stock at a price of $33.75 per share, resulting in a total transaction value of approximately $441 million.
