Page 2 - Gathering Amp Processing News Today

NGL transport led the way as Energy Transfer enjoyed a strong fourth-quarter 2022 earnings report.

Analysts note that midstream operators of all sizes may have opportunities in CCUS.

The current round of pipeline expansions means more capacity and consolidation in the Permian Basin.

The acquisition of Midcoast’s East Texas business and Align Midstream was announced by Momentum Midstream alongside a new natural gas gathering and carbon capture project in the Haynesville Shale.

The assets are comprised of a legacy gas system in the Marcellus Shale in West Virginia that was acquired by Crestwood from Antero Resources in 2012.

Crestwood agreed on May 25 to acquire Sendero Midstream Partners in the Delaware Basin, “prudently financed” with cash proceeds from the sale of Crestwood’s legacy Barnett Shale position to EnLink Midstream.

The level of growth and demand from producers in the Permian Basin provides Delek Logistics with the “confidence” to move forward with the acquisition of 3Bear Energy, CEO Uzi Yemin says.

ArcLight Capital Partners entered into an agreement through its affiliate Saber Midstream to acquire a Haynesville gas gathering system set to be managed by ArcLight-backed Cutlass Energy Partner.

The Southcross Energy acquisition follows recent comments made by Targa CEO Matt Meloy that the company was actively looking at “bolt-on or tuck-in acquisitions” across its footprint with a couple of caveats.

Whiptail Midstream also plans to build out gathering infrastructure for DJR Energy as it develops its acreage in the Gallup oil window of the San Juan Basin, says CEO Josh Lamberton.