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The bolt-on acquisition of these premier pipelines is fully aligned with our pure play natural gas strategy', David Slater, DT Midstream President and CEO, said.
The midstream energy sector is undergoing a transformative shift. Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. Lets break down the key trends, major players, and strategies shaping the future of midstream energy. energy production growth.
With rising natural gas and NGL output exceeding expectations , midstream companies are ramping up investments in infrastructure to meet growing demand. ” The Pion Midstream acquisition in 2024 reinforced Enterprises position in sour gas processing. The Permian Basin continues to solidify its role as the driving force behind U.S.
In their first earnings calls of 2025, the handful of large midstream companies that provide the gamut of wellhead-to-water services in Texas laid out plans for yet another round of projects everything from gas processing plants and takeaway pipelines to fractionators and export terminal expansions.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
11) Pittsburgh-based natural gas producer EQT announced it is buying back gas pipeline giant Equitrans Midstream Corp. In a reversal of recent history, on Monday (Mar. billion, all-stock deal. EQT spun off Equitrans (ETRN:NYSE) in 2018.
billion Mountain Valley Pipeline gained approval to proceed by the Federal Energy Regulatory Commission (FERC). When complete, the 300-mile pipeline will move natural gas from Wetzel County, West Virginia, to Pittsylvania County, Virginia. Owner Equitrans Midstream Corp. On June 28, 2023, the $6.6
The handful of midstream companies that provide a full range of wellhead-to-water services between the Permian and the Gulf Coast are in growth mode, advancing a long list of gas processing plants, takeaway pipelines, fractionators and export terminal expansions.
Permian to Cushing pipeline flows are tracking 100,000 barrels per day higher year-over-year for the first quarter, Irwin said. A 10% tariff by the U.S. Cushing inventories have been near operational lows in recent months, but climbed to about 25.7 million barrels last week, its highest level in four months.
Edgewater Midstream, a relatively new player in the refined products storage and delivery space, acquired a pair of potentially valuable assets from Shell in the Deer Park, TX, area in December.
Kinder Morgan has unveiled plans to construct the Trident Intrastate Pipeline, a $1.7 The pipeline will have a capacity of 1.5 July 2024 : WhiteWater Midstream announced the Blackcomb Pipeline, a 2.5 July 2024 : WhiteWater Midstream announced the Blackcomb Pipeline, a 2.5 Trident project is proof of that.
We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). Energy Transfer saw strong crude and NGL exports during the quarter, and increased volumes through our refined products pipelines.
Midstream Investments; Transportation and Storage : The midstream sector focuses on transporting and storing oil and gas from production sites to refineries and end-users. Investment opportunities in this sector include pipelines, storage facilities, and LNG (liquefied natural gas) terminals.
We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). These investments were primarily in the midstream NGL and refined products segments. Adjusted EBITDA was $1.1
energy pipelines? billion in EQTs natural gas pipelines and storage assets, including the Mountain Valley Pipeline (MVP). The Key Details Blackstone is taking a non-controlling stake in critical EQT pipelines, like MVP and the Hammerhead Pipeline. Mountain Valley Pipeline: Delivers 1.6 Whats next for U.S.
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. As the U.S.
Dual Drive Technologies has garnered numerous industry accolades over the years, including the Gulf Energy Information Excellence Award for Innovation in Pipeline Engineering Midstream in 2023; the D CEO Magazine Award for Excellence in Innovation and Sustainability in 2022; and the GPA Midstream Environmental Excellence Award in 2021.
billion Date: October 13, 2024 This deal expanded Sunocos midstream operations by adding NuStars 3,500 miles of pipelines and 60 million barrels of storage capacity across North America. Positioned Sunoco as a midstream infrastructure leader, crucial for energy logistics. Sunocos Acquisition of NuStar Energy Value: $7.3
No other energy infrastructure company can match Energy Transfer when it comes to our natural gas assets from midstream operations to intrastate and interstate pipelines to storage facilities. For Energy Transfer, that amounts to an enormous opportunity. For these reasons, Energy Transfer is uniquely positioned to fill this need.
They are a crucial component in natural gas processing, ensuring the gas meets pipeline specifications or is suitable for further processing. Midstream Processing: Processing natural gas in pipelines. Gas Plants: Processing natural gas in large-scale facilities. LNG Production: Cooling and liquefying natural gas for transport.
Phillips 66: Chemical and Midstream Magic Phillips 66 surprised investors with a Q3 profit beat, driven by strength in its chemicals and midstream segments. Adjusted profits rose by 15.6%, thanks to increased natural gas liquid volumes flowing through its extensive pipeline network.
During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S.
Energy Transfer’s latest earnings call highlighted record-breaking production in the Permian Basin, strategic midstream and pipeline investments, and surging global demand for LNG, LPG, and NGL exports. Permian Basin: Unprecedented Growth Driving Midstream Expansion The Permian Basin continues to be the dominant driver of U.S.
It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. 2024 is almost in the books! As we wind down the remaining days until the New Year, lets take a look back at some of the highlights of 2024.
As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.
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