Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector.
Tulsa’s NGL Energy Partner LP announced that it’s expanding a water pipeline system in far southeastern New Mexico and in the Permian Basin.
Chevron Corp. has begun marketing its Duvernay shale holdings in Alberta as the oil giant divests assets following its agreement to buy Hess Corp.
Forecasters at Enverus Intelligence Research (EIR) said the unexpectedly strong growth led them to increase their annual forecast for US production growth by 100,000 B/D to 1.2 million B/D.
Ellipsis U.S. Onshore, formed in June 2023, is considered a newcomer to the Delaware Basin which makes up the western part of the Permian. It acquired 3,000 non-operated acres in the Delaware with production of about 3,000 barrels of oil equivalent a day. The production was expected to grow to 7,000 by year’s end.
Oil production fell between 600,000 and 650,000 barrels a day as of Tuesday due to cold weather, reported the North Dakota Pipeline Authority.
The energy company is introducing the Dunne Express which is a 42-mile conveyor belt that will help move sand across the Permian Basin.
Sub-freezing temperatures forecast for West Texas in mid-January are threatening production freeze-offs in the Permian Basin
Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion
Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia.
