(Oil & Gas 360) – Infrastructure Trends Power Our Bullish Oil & Natural Gas Outlook Because Expectations Are Extra Low But Cold Air Definitely Exists. While Summer 2024 was warmer than normal, cool air existing dropped the Henry Hub spot price from $2.80 down to $1.80. Winter 2023/24 delightfully mild greatly minimizing natural gas demand resulted in a warmer-than-normal April (Figure
US News NEW YORK – U.S. midstream companies have set their sights on natural gas pipelines and export terminals as a key growth opportunity as investor pressures and political headwinds make new crude oil pipeline projects unpalatable. U.S. pipeline operators are expected to have benefited from high oil and gas prices and rising domestic production in the second quarter, though
World Oil Ten 10 U.S. senators from cold-weather states wrote to U.S. Energy Secretary Jennifer Granholm, expressing concern about getting affordable, reliable natural gas for their constituents’ homes and businesses in the dead of winter, the American Petroleum Institute said in an Energy Tomorrow Update on LinkedIn. Instead of supporting increased natural gas production and the construction of natural gas pipelines,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal letter from Blackstone Infrastructure Partners (stock ticker: BX) on Tuesday, offering to acquire all of the outstanding Class A shares
By Tyler Losier, Energy Reporter, Oil & Gas 360 Casillas Petroleum Resource Partners and Energy Water Services team up to form Woody Creek Midstream Casillas Petroleum Resource Partners LLC, a portfolio company of Kayne Anderson Energy Funds, and Energy Water Services LLC, a water infrastructure company owned by Halmos Capital Partners, have entered into a partnership in order to jointly
By Tyler Losier, Energy Reporter, Oil & Gas 360 Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an eight-year gas gathering and treating agreement with Sabine Oil and Gas Corporation, an independent E&P operating exclusively in Texas. The
By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in
By Tyler Losier, Energy Reporter, Oil & Gas 360 SCM Crude LLC to solicit binding commitments for interstate gathering and transportation SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority crude oil interstate gathering and transportation services as part of an open season for its Delaware Basin midstream infrastructure. The
By Tyler Losier, Energy Reporter, Oil & Gas 360 Combined investment in Abu Dhabi National Oil Company’s pipeline project reaches almost $5 billion Source: Abu Dhabi National Oil Company Singapore’s sovereign wealth fund, GIC, has entered into an agreement with the Abu Dhabi National Oil Company (ADNOC) to contribute $600 million towards crude pipeline infrastructure, joining other prominent investors such
By Tyler Losier, Energy Reporter, Oil & Gas 360 Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company, to purchase substantially all of Elite’s assets for $410 million, including approximately 430,000 horsepower of compression. Archrock will pay Elite
McDermott International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as the company’s new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. Samik Mukherjee, Executive Vice President and Chief Operating Officer, McDermott International, Inc. “Samik possesses tremendous experience and knowledge of our industry and has a strong track record of driving
Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of
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