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Black Bear Roars with Success: Mississippi Gas Gathering Assets Sold
07/03/2023![Black-Bear-Roars-with-Success-Mississippi-Gas-Gathering-Assets-Sold](https://images2.rextag.com/public/blog/159Blog_Black Bear Roars with Success Mississippi Gas Gathering Assets Sold.png)
Skye MS LLC purchased a package deal from Black Bear, which included over 120 miles of natural gas pipelines and eight active metered locations.
Black Bear Transmission LLC, based in Houston, successfully finalized the sale of gas gathering assets owned by BBT Mississippi LLC (BBT MS) to Skye MS LLC of Columbia, Mississippi. The specific amount of the transaction remains undisclosed.
BBT MS is the proud owner and operator of a fee-based, natural gas transmission system that efficiently supplies gas to utility, industrial, and power generation customers. It facilitates the connection of wellhead production in Mississippi to regional long-haul pipelines.
Based on the information available on Black Bear's website, BBT MS boasts an extensive asset portfolio, which includes:
- 1,405 miles of pipeline with a daily capacity of up to 830,000 MMBtu.
- The system is equipped with 8,101 horsepower of compression and has established 20 interstate pipeline connections.
- This asset sale encompasses a remarkable package, including over 120 miles of natural gas pipelines and eight operational metered locations.
- Transfer of over 700 miles of supply-driven gathering pipelines, along with 20 compressors and 250 metering stations.
Scott Langston, the senior vice president and chief commercial officer of Black Bear, highlighted the company's successful track record of transferring significant assets over the past three years.
“We will continue to identify and advance all opportunities to improve our business via corporate development and organic growth initiatives,” he said.
Divestiture in BBT MS Transaction
Black Bear CEO Rene Casadaban reiterates commitment to core business and safe, reliable service
In an ongoing effort to streamline their pipeline portfolio, Black Bear CEO Rene Casadaban emphasizes the significance of the BBT MS transaction. The divestment of non-core, production-focused assets aligns with the company's mission to maintain and expand their market-driven natural gas transmission network.
With ownership of 12 regulated natural gas pipelines spanning over 1,900 miles, Black Bear Transmission boasts a remarkable total delivery capacity exceeding 2.6 Bcf/d. These pipelines are seamlessly integrated into 18 major long-haul pipelines, effectively supplying customers in Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, and Tennessee.
About Black Bear Transmission
- Black Bear Transmission, LLC is a natural gas transportation company based in Houston, TX.
- They transport and deliver natural gas to utility, power generation, and industrial customers in the Southeast United States.
- The company owns and operates 12 regulated natural gas pipelines spanning over 1,900 miles.
- The total delivery capacity of these pipelines is more than 2.6 billion cubic feet (Bcf) per day.
- Black Bear's pipelines are connected to 18 major long-haul pipelines, ensuring a reliable gas supply to customers across seven states: Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, and Tennessee.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Crescent Energy Boosts Portfolio with Eagle Ford Acquisition: Expands Non-Operated Assets
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/158Blog_Crescent will acquire Mesquite Energy Incs assets.png)
Big announcement! Crescent Energy is set to bolster its inventory in the play by acquiring operated and working interests from Mesquite Energy. Crescent Energy Co. seals a $600 million cash deal to acquire assets in the Eagle Ford Shale from Mesquite Energy Inc. (formerly Sanchez Energy).
Chevron Announces Intent to Divest Oil and Gas Properties in New Mexico and Texas
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/162Blog_Chevron Announces Intent to Divest Oil and Gas Properties in New Mexico and Texas1.png)
According to Reuters, Chevron has recently made additional assets available for acquisition in both New Mexico and Texas. As part of its strategy to streamline operations following significant shale acquisitions, Chevron is reportedly offering multiple oil and gas properties for sale in New Mexico and Texas. Marketing documents reviewed by Reuters reveal the company's intention to divest these assets. Despite its prominent position as the largest publicly-traded oil and gas producer and property owner with 2.2 million acres in the Permian Basin of West Texas and New Mexico, Chevron has been actively divesting properties in the region. This divestment aligns with Chevron's efforts to optimize its portfolio and focus on its core operations.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/297_Blog_Keystone XL Pipeline Controversy and Wildlife Disaster From Trump's Green Light to Biden's Red Light on the 15 Billion Project.jpg)
The pipeline industry in the USA faced and still faces a range of regulatory challenges, including permitting delays, environmental requirements, and public opposition to pipeline projects. In recent years, pipeline projects like the Keystone XL and Dakota Access pipelines had legal and regulatory obstacles that delayed or canceled their construction. Keystone XL Pipeline, proposed by TransCanada in 2008, aimed to transport crude oil from Canada (around Calgary and Edmonton) to refineries on the Gulf Coast (Port Arthur). The project faced opposition from environmental groups and indigenous communities, who argued that it would contribute to climate change and pose a risk to water resources. In 2015, President Obama rejected the project, citing concerns about its environmental impact. However, in 2017, President Trump revived the project, leading to further legal challenges. In June 2021, U.S. President Joe Biden officially canceled the project on his first day in office.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/282_Blog_Renewable Natural Gas How RNG Changes the Industry.jpg)
The renewable natural gas (RNG) industry in the United States is showing promising signs of growth. As of 2019, the U.S. consumed 261 billion cubic feet (BCF) of RNG, primarily utilized by independent power producers, electric utilities, and various commercial and industrial entities. However, this figure represents only a small fraction of its potential. Research indicates that the U.S. could theoretically produce up to 2,200 BCF of RNG through anaerobic digestion alone, which would equate to about 11% of daily national natural gas consumption.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/295_Blog_Renewable Efforts Lag as Global Oil and Gas Demand Continues to Rise.jpg)
Recently, the progress toward an energy transition is hitting a snag. Sales of electric vehicles are decelerating, and the growth in wind and solar power needs to be keeping pace with expectations. To make matters more challenging, electricity prices are climbing when they were expected to fall. Amidst these setbacks, the oil and gas sectors are proving resilient. According to BP's latest energy outlook, not only are these energy mainstays here to stay, but their demand is expected to remain relatively high even after reaching a peak. Interestingly, BP forecasts that oil demand will reach its zenith next year, marking a critical moment in energy consumption trends. This isn't the first time BP has projected a peak in oil demand. Back in 2019, their review anticipated a decline in demand growth, but the prediction fell flat. Instead, oil demand surged to unprecedented levels following the end of the global pandemic lockdowns, defying previous forecasts and underscoring the enduring dominance of traditional energy sources in the global market.