Positive Industry News and Events
Midstream
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$285mm Acquisition: Delek Logistics’ Announces FID on Acid Gas Injection “AGI” at the Libby Gas Complex.
BRENTWOOD, Tenn.–(BUSINESS WIRE)– Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics” or “DKL”) announced the development of permitted acid gas injection “AGI” capabilities at its under-construction Libby 2 gas processing plant. “We are committed to executing our strategy of being the preferred oil, gas and water midstream services provider in the Permian Basin. Delek Logistics […] More
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New Era Helium and Sharon AI Expand and Accelerate Plans for a Net-Zero Energy Data Center in the Permian Basin
December 11, 2024 08:58 AM Eastern Standard Time MIDLAND, Texas–(BUSINESS WIRE)–New Era Helium, Inc. (Nasdaq:NEHC) (“NEH,” “New Era Helium” or the “Company”), an exploration and production (E&P) company sourcing helium produced in association with natural gas reserves within the Permian Basin, is pleased to announce significant progress on its 50/50 joint venture (“JV”) with Sharon […] More
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Summit Carbon Solutions Receives Pipeline Permit from Minnesota PUC
Milestone Achieved for 28-Mile Route in Otter Tail and Wilkin Counties Ames, Iowa [December 12, 2024] – Summit Carbon Solutions is pleased to announce that the Minnesota Public Utilities Commission (PUC) has granted a permit for the company’s 28-mile pipeline route through Otter Tail and Wilkin Counties. This milestone follows an extensive review process, including […] More
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Permian Resources Announces Divestiture of Midstream Gathering Systems
MIDLAND, Texas – Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing […] More
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$2.7 Billion Pipeline Project: Energy Transfer Links Permian Basin to Multiple Markets
DALLAS – Dec. 6, 2024– Energy Transfer LP (NYSE: ET) today announced that it has reached a positive final investment decision (FID) for the construction of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The new large-diameter pipeline, previously called the Warrior Pipeline, is being renamed in honor […] More
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State Representative Dr. Joseph Orgeron Highlights Port Fourchon’s Role in Offshore Energy
PORT FOURCHON, LA, UNITED STATES, December 9, 2024 — State Representative Dr. Joseph A. Orgeron, District 54, reflected on Port Fourchon’s remarkable growth and its critical role in supporting offshore energy infrastructure as the Argent LNG project gains momentum. Dr. Orgeron’s deep-rooted connection to the offshore industry underscores the importance of this new venture for the region’s economy […] More
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Summit Midstream Corporation Completes Acquisition of Tall Oak Midstream III
HOUSTON, Dec. 2, 2024 – Summit Midstream Corporation (NYSE: SMC) (“Summit”, “SMC” or the “Company”) announced today that it and its wholly owned subsidiary, Summit Midstream Partners, LP (the “Partnership”), received shareholder approval and has completed the previously announced acquisition of Tall Oak Midstream Operating, LLC and its subsidiaries (collectively, “Tall Oak” or “Tall Oak Midstream […] More
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ONEOK Announces Agreement to Acquire REMAINING Publicly Held Common Units in Enlink Midstream in a Tax-Free Transaction
November 24, 2024 Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unit TULSA, Okla., Nov. 24, 2024 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) (“ONEOK”) and EnLink Midstream, LLC (NYSE: ENLC) (“EnLink”) today announced that they have executed a definitive merger agreement under which ONEOK will acquire all of […] More
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ONEOK Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream
November 19, 2024 – Assets to be Sold Include Guardian, Midwestern and Viking Gas Transmission TULSA, Okla., Nov. 19, 2024 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) (“ONEOK”) today announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE: DTM) (“DT Midstream”) under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems […] More
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