When ConocoPhillips acquired Marathon Petroleum back in May, the $22.5 billion deal crowned COP the largest producer in the Eagle Ford with combined assets of 490,000 net acres, 400 MBOED, and 1,000 new drilling locations. The purchase also added more refrac inventory using COP’s own techniques already at work across its South Texas position....
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Back in 2020, Houston-based Piñon Midstream set out to cure a massive headache for producers in Perm Town’s most prolific eastern flank of the Delaware in N.M., and Texas—namely, the lack of infrastructure to gather and treat pervasive sour gas. Solving that problem would no doubt be a grand introduction into the nation’s hottest play. Solving another would be even grander. ...
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Rusty Hutson isn’t your typical gas producer. As the founder and CEO of Ala.-based Diversified Energy, he walks his own path—even one he didn’t expect to find again....
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Not quite a year ago, the market growth of natural gas liquids (NGLs) was forecast to increase by $19.62 billion in five years—that, by 2028—due to their use as feedstock to produce petrochemicals and plastics, generate heat and electricity. Despite low natural gas prices, this group of hydrocarbons has become one of the most valuable among the nation’s largest energy exports alongside natural gas and crude oil and have crowned the U.S. the world’s largest exporter as worldwide demand continues to rise....
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There’s nothing better than winding down the week with a success story still in the making, one that started small like they often do and plump with big ideas....
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Reese Energy Consulting today spotlights Midland, Texas-based Kinetik Midstream, a Permian pure-player that in short order has become the Delaware’s largest independent gatherer and processor....
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