U.S. Oil and Gas M&A Hits Quarterly Record After Strong 2023
Pipeline and Gas Journal » Marcellus
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12h ago
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday ..read more
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U.S. Shale Oil Sector Sees Revival Through Advanced Technology Adoption, Financial Obstacles Remain
Pipeline and Gas Journal » Marcellus
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12h ago
Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so ..read more
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Report: Global Upstream Sector Eyes $150 Billion in Deals for Rest of 2024
Pipeline and Gas Journal » Marcellus
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12h ago
The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts said ..read more
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Texas Oil Operators Increase Flaring Amid Weak Gas Prices
Pipeline and Gas Journal » Marcellus
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12h ago
Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests ..read more
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Oil Prices Rise on Prospect of U.S. Replenishing Strategic Reserve
Pipeline and Gas Journal » Marcellus
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12h ago
Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories ..read more
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EQT and Equinor Strike Mega Deal: Swapping Onshore Assets in Pennsylvania
Pipeline and Gas Journal » Marcellus
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1w ago
EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 million in cash, the companies said on Monday ..read more
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U.S. Pipeline Firms Poised for M&A Wave Following Largest Customers
Pipeline and Gas Journal » Marcellus
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1M ago
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said ..read more
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Phillips 66 Explores Sale of Stake in 1,700-Mile REX Pipeline, Sources Say
Pipeline and Gas Journal » Marcellus
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1M ago
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday ..read more
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Haynesville Riding LNG Wave to Gulf Coast
Pipeline and Gas Journal » Marcellus
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1M ago
(P&GJ) — With the primary driver of U.S. natural gas demand growth continuing to be LNG exports, the bottlenecked pipeline takeaway capacity in the gas-rich Marcellus Shale has left the Haynesville shale, along with the Permian Basin, as the two regions with the most consistent midstream growth ..read more
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Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
Pipeline and Gas Journal » Marcellus
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1M ago
The $7.1 billion deal will see Energy Transfer add about 2 billion cubic feet per day (Bcf/d) of gas-gathering capacity, 1.4 Bcf/d of gas-processing capacity and 340,000 barrels per day (bpd) of crude-gathering capacity ..read more
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