Saturday, February 22, 2025

‘Robust Midstream Component’ of $735-Million Haynesville Deal with QEP was Draw: Aethon Co-President

Aethon likes Haynesville’s proximity to Gulf markets, Henry Hub In mid-November, QEP Resources (stock ticker: QEP) announced that its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, had entered into a definitive agreement to sell its Haynesville/Cotton Valley oil and gas assets for $735 million. Those assets include natural gas and oil producing properties, undeveloped

Altus Midstream Begins Permian Takeaway Expansion

Acquiring 15% of Kinder Morgan’s Waha-to-Corpus gas line Altus Midstream (ticker: ALTM) has begun to expand its takeaway ability by acquiring a stake in the Gulf Coast Express pipeline according to a statement today. Altus said it has exercised its option to acquire a 15% interest in Kinder Morgan (ticker: KMI)’s new Waha to Corpus Christi gas pipeline. The Gulf

Another Big Permian E&P Pulls Back the Throttle for 2019

Spending falls, production growth decelerates Parsley Energy (ticker: PE) provided its 2019 outlook today, summarizing the company’s plans for the coming year. Like Diamondback’s plan released yesterday, Parsley plans to slow down next year, operating with fewer rigs and frac spreads. Parsley plans to deploy 12-to-14 rigs and three-to-four frac spreads on average in 2019, down from a recent rate