Last week Energy Transfer was approved to add 10 miles new pipeline to its South Texas gathering system. Permit T00541 is now 1260 miles.
Energy Transfer going to add 10 miles to Eagle Ford gathering pipeline
Patterson-UTI Innovating for Efficiency and Growth
At the heart of Patterson-UTI’s strategy lies an unwavering commitment to innovation. The introduction of natural gas and electric frac fleets represents a leap forward in operational efficiency and profitability.
Energy Transfer reports higher earnings for Q4 2023
The company’s adjusted EBITDA for the three months ended Dec. 31, 2023, was $3.60 billion, versus $3.44 billion for the same period last year. Energy Transfer expects its 2024 adjusted EBITDA to range between $14.5 billion and $14.8 billion, the midpoint of which would be a 7% increase from 2023.
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025
Targa commenced operations at its new 275 MMcf/d Wildcat II plant in Permian Delaware ahead of schedule and on-budget. Construction continues on its 275 MMcf/d Greenwood II plant in Permian Midland, and its 230 MMcf/d Roadrunner II and 275 MMcf/d Bull Moose plants in Permian Delaware. In its L&T segment, construction continues on Targa’s 120 thousand barrels per day (“MBbl/d”) Train 9 fractionator and its 120 MBbl/d Train 10 fractionator in Mont Belvieu, Texas, its Daytona NGL Pipeline and Targa continues to make progress on the reactivation of Gulf Coast Fractionators (“GCF”). Targa remains on-track to complete these expansions as previously disclosed.
Occidental Cuts Two Permian Rigs as It Targets Flat Oil, Gas Output
Occidental Petroleum Corp. will reduce spending on US shale operations as it seeks to improve cash flow to repay debt, resulting in largely flat production this year. OXY USA Inc. ranks #4 in wells drilled in 2023 with 590 wells drilled in the US
Apache Corporation to pay $4 million fine for clean air violations in the Permian
Houston’s Apache Corporation agreed recently to pay a $4 million fine for clean air violations of its more than 400 oil and gas wells in the Permian Basin. It led New Mexico officials to call for even more scrutiny of oil and gas operations.
Omnia Midstream Selected by the DOE for Funding Delaware Basin CO2 Sequestration Hub
Omnia Midstream Partners has been selected by the U.S. Department of Energy (DOE) to advance a large-scale carbon storage feasibility study in the Delaware Basin located in West Texas.
COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2023 FINANCIAL AND OPERATING RESULTS
Comstock drilled 67 (55.5 net) operated horizontal Haynesville/Bossier shale wells in 2023, which had an average lateral length of 10,796 feet. Comstock also turned 74 (55.7 net) operated wells to sales in 2023, which had an average initial production rate of 25 MMcf per day.
What are ConocoPhillips Plans This Year?
ConocoPhillips Co. expects to pull the brake on its United States production in 2024 and will instead focus on operational and capital efficiency, company leaders said, after it delivered a company record for the Lower 48 with an annual average output of 1.1 million barrels of oil equivalent per day (MMboepd).
25 Most Valuable Oil Companies in the World
List of top 25 oil & gas companies.