Wednesday, January 1, 2025
No Wyoming coal for stockings this Christmas?- oil and gas 360

No Wyoming coal for stockings this Christmas?

(Oil & Gas 360) – It appears that a Christmas miracle of sorts would be required if Wyoming is to keep a 32-year coal production streak alive. Coal, for decades the biggest source of revenue for the Cowboy State, is going to struggle to meet a 200 million metric ton production level for 2024. Failure to do so would mark the

Western Midstream announces expansion of Powder River Basin footprint with the acquisition of Meritage Midstream- oil and gas 360

Western Midstream announces expansion of Powder River Basin footprint with the acquisition of Meritage Midstream

Oil and Gas 360 HOUSTON–(BUSINESS WIRE)– Western Midstream Partners, LP (“WES” or the “Partnership”) (NYSE: WES) today announced that one of its operating subsidiaries has signed an agreement to acquire Meritage Midstream Services II, LLC (“Meritage”) in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments. Meritage, a privately held midstream company headquartered in Denver, Colorado,

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon joins shale firms to cut spending as oil hovers at $30

Reuters U.S. oil and gas producer Devon Energy Corp on Thursday cut its 2020 spending forecast by $500 million or nearly 30% to about $1.3 billion, joining its shale peers as the industry battles a slump in crude prices. Shale producers, including Occidental Corp and Diamondback Energy Inc, have tightened belt after a price war between Saudi Arabia and Russia

Crestwood Bolsters its Midstream Assets in the Bakken - Oil & Gas 360

Crestwood Bolsters its Midstream Assets in the Bakken

By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day

Summit Midstream Appoints New President and CEO - Oil & Gas 360

Summit Midstream Appoints New President and CEO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Summit Midstream Partners appoints J. Heath Deneke as president, CEO and board member Summit Midstream Partners LP (stock ticker: SMLP), a master limited partnership located in The Woodlands, Texas, has appointed J. Heath Deneke to serve as its president and chief executive officer, effective September 16, 2019. Deneke was also nominated

Cuda Oil and Gas Divests Quebec for US $8.05 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360 Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with operations across North America, has entered into a series of binding asset purchase agreements (APAs) to sell all of its

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50% - Oil & Gas 360

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50%

By Tyler Losier, Energy Reporter, Oil & Gas 360 New Ft. Laramie origin point announced, open season launched Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to a new origin point in Fort Laramie, Wyoming, which would subsequently increase the system’s capacity by up to 100,000 BOPD.

Crestwood Doubles Infrastructure Bet in U.S.’s Fastest-Growing Basin

$485 million deal brings Jackalope system wholly under Crestwood’s control The Powder River Basin has caught the attention of midstream companies, as Crestwood Equity Partners (ticker: CEQP) consolidated its position in the play this week. Crestwood will acquire Williams’ interest in Jackalope Gas Gathering Services, a major PRB system, for $485 million. The purchase means Crestwood is now the sole

Williams Weighs Selling Stake in Wyoming Pipeline

From Bloomberg Its 50% of Jackalope system could fetch more than $500 million Division gathers and processes gas in Powder River Basin   Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers for its stake in Jackalope Gas Gathering Services, which could fetch more than $500 million in a sale, according to people