US will contribute 95% of North America’s new-build underground gas storage capacity growth by 2023 #OilmanNEWS Midstream Oil and Gas News 

US Will Contribute 95% of North America’s New-build Underground Gas Storage Capacity Growth by 2023

The U.S. will drive growth in North America’s new-build underground gas storage industry between 2019 and 2023, contributing around 95% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Underground Gas Storage Industry Outlook in North America to 2023 – Capacity and Capital Expenditure Forecasts with Details of… Read More
Midstream oil and gas M&A values declined 59% in Q4 2018 #OilmanNEWS Midstream Oil and Gas News 

Midstream Oil and Gas M&A Values Declined 59 Percent in Q4 2018

A total of 71 M&A deals with a combined value of US$38.7bn were registered in the midstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total M&A deals, 44 deals, with a combined value of US$28.5bn were domestic acquisitions. The remaining 27, with a combined value of US$10.3bn, were cross-border… Read More
2018 January-February Alex Mills Contributors Downstream Midstream 

Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand. Oil futures on NYMEX for February delivery closed Wednesday at $63.57 per barrel its highest mark since Dec. 9, 2014.  Natural gas for distribution at Henry Hub in Louisiana closed at $2.906 Wednesday. The Energy Information Administration (EIA) reported that oil inventories declined again last… Read More
EPIC Announces Approval of New Build 730-mile Permian Basin-to-Corpus Christi Crude Pipeline 2018 January-February Midstream Press Release Texas 

EPIC Announces Approval of New Build 730-mile Permian Basin-to-Corpus Christi Crude Pipeline

December 21, 2017 (San Antonio, TX): EPIC today announced that it has received sufficient customer interest to sanction the proposed 730-mile crude pipeline running from the Permian Basin to Corpus Christi based upon volume commitments and acreage dedications. Following the successful open season originally initiated in March of this year, EPIC announced an additional ten-day Open Season last week to… Read More
Epic Pipeline Announces Capacity Agreement With BP Energy Company For New 650-Mile NGL Pipeline From The Permian Basin To Corpus Christi #OilmanNEWS 2017 November-December Midstream Shale Texas 

Epic Pipeline Announces Capacity Agreement With BP Energy Company For New 650-Mile NGL Pipeline From The Permian Basin To Corpus Christi

EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, today announced that it has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’ NGL reserves in the Permian and Eagle… Read More
Exponent Energy Announces Major Operated Production Assets Purchase 2017 September-October Midstream Oklahoma Upstream 

Exponent Energy Announces Major Operated Production Assets Purchase

Exponent Energy (Exponent), a Tulsa, Oklahoma-based energy investment firm, is pleased to announce that it has purchased the Oklahoma production assets of Sanchez Midstream Partners LP (NYSE American: SNMP). These assets will be integrated into Exponent’s existing asset base of shallow, low cost, conventional production in the Mid-Continent Region. Exponent, which now has more than 400 operated wells in Texas… Read More
World Oil Transit Chokepoints #OilmanNEWS 2017 July-August Midstream 

World Oil Transit Chokepoints

The U.S. Energy Information Administration (EIA) defines world oil chokepoints as narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of the vessel that can navigate through them. Chokepoints are a critical part of global energy security because of the high volume of petroleum and other liquids transported through their narrow… Read More
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