Friday, January 10, 2025

Enable Midstream Doubles Down on Crude with $440 Million Deal

Velocity acquisition adds crude capacity in SCOOP/Merge Enable Midstream Partners (ticker: ENBL) significantly increased its crude business today with two moves to boost capacity. Enable will boost its presence in the SCOOP and Merge through the acquisition of privately-held Velocity Holdings, an integrated crude and condensate gathering and transportation company. Velocity owns about 150 miles of pipeline capable of flowing

Range Resources Believes in Benefits of Super Lateral Wells

Deleveraging funded by asset sale Range Resources (ticker: RRC) announced third quarter results today, reporting net income of $48.5 million, or $0.19 per share. Range produced a record 2,267 MMcfe/d in Q3, up 14% from last year and 3% from last quarter. The company also benefitted from improved pricing, as Range realized $3.36 per Mcfe compared to $3.23 last quarter.