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MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf

Permian Basin Oil and Gas Magazine

Findlay, Ohio-based MPLX said recently it agreed to acquire the remaining 55 percent interest in BANGL pipeline system from affiliates of Midlands Diamondback Energy and WhiteWater for $715 million. The post MPLX to acquire remaining interests in BANGL pipeline from Permian to Gulf appeared first on Permian Basin Oil and Gas Magazine.

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. oil and gas production, and ONEOK Inc. Bcf/d in 2025.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades.

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Permian, we have a gas problem(s)

McKinsey

Gas production is starting to exceed pipeline capacity exiting the Permian, and in-basin prices are falling as a result. Paradoxically, the second problem is a potential overreaction to the first problem: market fundamentals could attract too many pipelines, and the Permian runs the risk of having underutilized pipelines.

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Targa Resources reports record production in 2024 and 4Q

Permian Basin Oil and Gas Magazine

20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb. billion to $2.8

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Permian Basin Gas Production Pushes Limits – Infrastructure Expansion Needed

Rextag

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.

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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. energy production growth.