Updated Aug 22, 2024
8/22/24
Two years after sanctioning the first natural gas processing plant at the Dos Picos facility in Midland County, TX, Pinnacle Midstream II LLC said Tuesday it is doubling capacity with a second plant.
It’s a good time to be in the natural gas gathering and processing (G&P) business, particularly in oil-weighted basins such as the Permian, Powder River and Williston, according to Crestwood Equity Partners LP CEO Robert Phillips.
Targa Resources Corp. plans to build a 275 MMcf/d natural gas processing plant in the Permian Basin, adding to a spate of projects in the prolific region aimed at meeting mounting demand -- both domestically and globally.
Houston-based Targa Resources Corp. has clinched an agreement to buy Lucid Energy Group’s Permian Basin Delaware natural gas processing business, which would add 1,050 miles of pipeline and 1.4 Bcf/d of capacity.
The all-cash deal for Lucid Energy Delaware LLC, valued at $3.55 billion, was reached with sponsors Riverstone Holdings LLC and Goldman Sachs Asset Management. Riverstone and Goldman teamed up in 2018 to invest $1.6 billion in Lucid.
Private equity-backed Canes Midstream LLC said Wednesday it has closed on its acquisition of Permian Basin midstream firm Cogent Midstream LLC.
Delek Logistics Partners LP is expanding its foothold into the northern part of the Permian Basin with a $624.7 million deal to acquire the equity interests of privately held 3Bear Delaware Holding-NM LLC.
Targa Resources Corp. said Thursday it has signed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million in a deal that will consolidate Targa’s natural gas gathering and processing footprint.
Williams, which specializes in natural gas processing and transportation, set new highs for itself in 2021 and expects robust activity over the next two decades given mounting global demand.
Houston’s Enterprise Products Partners LP has agreed to acquire Navitas Midstream Partners LLC for $3.25 billion, giving the giant partnership an entry point in the Permian Basin of West Texas and an additional 1 Bcf/d of natural gas processing capacity.
A joint venture (JV) led by Malaysia’s Coastal Contracts Bhd has secured a roughly $1.06 billion contract from Mexican state oil company Petróleos Mexicanos (Pemex) to build and operate a natural gas conditioning plant at the Ixachi onshore gas and condensate field in Veracruz state.