Reese Energy Consulting today takes a side road off Wall Street and the comes-as-no-surprise record oil production announced by ExxonMobil and Chevron. Our side road instead takes us to the latest news from Ga.-based Colonial Pipeline Company and Houston-based TG Natural Resources (TGNR), also known as Tokyo Gas. Sometimes, the side roads are just more scenic.

The 5,500-mile Colonial Pipeline is part of the nation’s largest fuel transportation system and a vital artery of U.S. infrastructure, flowing 100 million gallons per day of gasoline, jet fuel, diesel, and heating oil from the Gulf Coast to the New York harbor. The system also has five major stakeholders, many of which in June were looking to cut ties and explore a sale that wore a $10+ billion price tag. As a reminder of this, Bloomberg News now reports a potential deal could be in the offing. All guesses on potential buyers are welcomed.

Tokyo Gas, still in talks with Chevron for what would be its second acquisition of Haynesville producing assets, is now flirting with Australia-based Woodside Energy for a stake in the Louisiana LNG facility formerly known as Driftwood. Woodside in October closed its $1.2 billion deal with Tellluian for Driftwood with a strategy to a build a “dream team” of equity partners to kickstart the stalled project. TGNR, the U.S. entity of Japan’s largest natural gas and power utility, acquired Rockcliff Energy last year for $2.7 billion, making it one of the Haynesville’s largest gas producers at 1.3+ BCFD. The company in February bought a 49% stake in ARM Energy Trading, one of the largest private North American physical natural gas marketers.