Flush with a $400 million expanded credit facility last December, Dallas-based Producers Midstream wasted little time completing Phase I of a new gathering, treating, and processing system this year in Lea County, N.M. This, while jumpstarting growth projects that relocate or repurpose its existing assets. ...

If you were a human little kid “back in the day,” there was no better snack than Cracker Jacks. Aside from its caramel-coated popcorn and peanuts, every box contained a prize. For Midland, Texas-based Permian Resources (PR), this year’s 1Q offered up the company’s latest batch of popcorn and peanut goodness in the form of Permian hydrocarbons, along with a prize in the form of a strategic acquisition that adds to their envious Delaware position....