Positive Industry News and Events
Midstream
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Greenpeace Ordered to Pay $660 Million in Landmark Energy Transfer Lawsuit
A North Dakota jury has ruled against Greenpeace, ordering the environmental organization to pay over $660 million in damages to Energy Transfer, the company behind the Dakota Access Pipeline. The ruling stems from Greenpeace’s alleged role in defamation, disruption, and property damage during the high-profile Standing Rock protests of 2016-2017, where thousands gathered to oppose… More
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$90Million Acquisition: Summit Midstream Corporation Announces the Acquisition of Moonrise Midstream and Provides DJ Basin Operational Update
This Article Brought to you By: HOUSTON, March 10, 2025 /PRNewswire/ — Summit Midstream Corporation (NYSE: SMC) (“Summit”, “SMC” or the “Company”) announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC (“SMP Holdings”), has acquired Moonrise Midstream, LLC (“Moonrise” or “Moonrise Midstream”) from Fundare Resources Company Holdco, LLC (“Fundare”) for a total consideration… More
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in Power, Midstream NewsWilliams Companies Secures $1.6 Billion Deal for Natural Gas & Power Generation Infrastructure
The Williams Companies (WMB) has announced a landmark $1.6 billion agreement to develop onsite natural gas and power generation infrastructure for an undisclosed investment-grade company. According to the company’s filing with the U.S. Securities and Exchange Commission on March 3, the project is expected to be completed in the second half of 2026. This initiative… More
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Kinder Morgan Invests $3B in South System Expansion 4 Project by 2029
Kinder Morgan, a leading energy infrastructure company, is moving forward with the South System Expansion 4 (SSE4) Project, a $3 billion natural gas pipeline expansion across the Southeastern United States. If approved, the project will enhance natural gas capacity by up to 1.3 billion cubic feet per day, addressing the region’s growing demand for residential,… More
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CAPEX Expected Between $2.8-$3.2 Billion : ONEOK Financial Guidance & 2026 Growth Outlook
Higher 2025 Expectations Driven by Volume Growth, Completed Projects and Expanded Operations TULSA, Okla., Feb. 24, 2025 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) today announced 2025 financial guidance and provided a 2026 growth outlook. 2025 Financial Guidance: Net income including noncontrolling interests midpoint of $3.45 billion, an 11% increase year-over-year. Net income excluding noncontrolling interests… More
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ACQUISITION $715MM: MPLX LP Announces Agreement to Acquire Remaining 55% Interest in BANGL, LLC
FINDLAY, Ohio, Feb. 28, 2025 /PRNewswire/ — MPLX LP (NYSE: MPLX) today announced it has signed a definitive agreement with affiliates of WhiteWater and Diamondback Energy to acquire the remaining 55% interest in BANGL, LLC for $715 million. Additionally, upon achievement of specific financial performance metrics, MPLX would make earnout payments up to a specified cap. The transaction… More
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CAPEX $400mm – $450mm: Western Midstream Announces Pathfinder Pipeline
Sanctioned the long-haul Pathfinder pipeline (“Pathfinder”) to transport over 800 MBbls/d of produced water for disposal at WES’s existing and soon-to-be-constructed facilities in eastern Loving County. Executed new long-term produced-water agreement with Occidental Petroleum Corporation (“Occidental”) to provide up to 280 MBbls/d of firm gathering and transportation capacity and up to 220 MBbls/d of firm… More
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CAPEX Expected $220-250mm: Delek Logistics Partners, LP Announces 2025 Financial Expectations
BRENTWOOD, Tenn.–(BUSINESS WIRE)– Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today its preliminary 2025 financial projections. “We expect to have approximately 20% year over year growth in Adjusted EBITDA(1) as a result of strong business fundamentals we are seeing in the Permian Basin,” said Avigal Soreq, President of Delek Logistics. “We expect to… More
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POET and Tallgrass Announce Collaboration on Carbon Capture Project
POET, the world’s largest producer of biofuels, and Tallgrass, a leading infrastructure company, announced they have entered into definitive agreements to connect POET’s Fairmont, Nebraska bioprocessing facility to the Tallgrass Trailblazer CO2 pipeline. Feb 13, 2025 08:00 AM Mountain Standard Time SIOUX FALLS, S.D., (GLOBE NEWSWIRE) — Today, POET, the world’s largest producer of biofuels,… More
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