Positive Industry News and Events
Midstream
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Boardwalk Announces Non-Binding Open Season for Borealis Natural Gas Pipeline Expansion Project
Unlocking America’s Energy Future with Texas Gas’ New Natural Gas Pipeline Expansion Project HOUSTON, April 1, 2025 /PRNewswire/ — Texas Gas Transmission, LLC (“Texas Gas”), a subsidiary of Boardwalk Pipelines, LP and a leader in reliable energy infrastructure, is announcing a non-binding Open Season for the Borealis Natural Gas Pipeline Expansion Project (“Borealis” or “Borealis Project”). This… More
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$2.2 Billion Acquisition Complete: Phillips 66 completes acquisition of EPIC NGL
This Article Brought to You by: HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of approximately $2.2 billion. “This… More
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ArcLight Acquires $865 Million Gulf Coast Pipeline Stake from Phillips 66
ArcLight Capital Partners, LLC has completed the acquisition of a 25% equity stake in Gulf Coast Express Pipeline LLC (GCX) from an affiliate of Phillips 66 for $865 million. Following the transaction, GCX is now co-owned by subsidiaries of Kinder Morgan Inc. (KMI) and ArcLight, with KMI continuing as the pipeline’s operator. The 500-mile GCX… More
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Brookfield Infrastructure Announces Sale of NGPL Amidst Strong Capital Recycling Momentum
BROOKFIELD, News, March 21, 2025 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) signed an agreement to sell its remaining 25% interest in its U.S. gas pipeline to one of the business’s existing owners. This sale represents a complete and successful exit of the business, generating total proceeds of over $1.7… More
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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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Enbridge announces C$2.5B worth of new accretive investments at annual investor community conference in NYC
In the face of changing energy landscapes, changing energy appetites and changing energy needs, Enbridge offers four opportunity-rich franchises—and C$50 billion in growth opportunities through 2030. Today, during Enbridge’s 2025 Enbridge Day investor community conference in New York, we again demonstrated the unique scale, connectivity and diversification of our businesses—as we announced a significant suite… 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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