Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

Enterprise-Oxy-Low-Carbon-Ventures-Will -oin-Efforts-on-Houston-Area-CO2-Project

Oxy Low Carbon Ventures and Enterprise Products Operating will partner in order to provide services to carbon emitters from Houston to Port Arthur, Texas, due to the development of CO2 transportation and sequestration.

A letter of intent for a potential CO2 transportation and sequestration solution was inked on April 25 by Oxy Low Carbon Ventures (OLCV) and Enterprise Products Operating LLC (Enterprise). This joint project could primarily be focused on providing services to emitters in the industrial corridors from the greater Houston to Beaumont/Port Arthur in Texas, a region that is filled with refineries and petrochemical plants.

Due to the press release, the initiative would combine Enterprise’s leadership position in the midstream energy sector with OLCV’s extensive experience in subsurface characterization and CO2 sequestration.

“We look forward to collaborating with Enterprise to develop a sequestration solution to help industrial emitters reach their net-zero goals,” said Richard Jackson, Occidental president of U.S. onshore resources and carbon management and operations. “We believe that our low-carbon strategy enhances Oxy’s business value and creates a path to net-zero for ourselves while providing organizations everywhere with the tools they need to achieve net-zero or net-negative emissions.”

No financial terms were disclosed in the announcement. Nevertheless, Occidental's latest annual report noted that OLCV plans to invest approximately $300 million into the development and commercialization of new technologies and low-carbon business models in 2022. 

It’s an international energy company with assets primarily in the United States, the Middle East and North Africa. OLCV is focused on advancing cutting-edge, low-carbon technologies and business solutions that enhance Oxy’s business while reducing emissions. Therefore, OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally.

Enterprise would develop the CO2 aggregation and transportation network utilizing a combination of new and existing pipelines along with its expansive Gulf Coast footprint. OLCV, through its 1PointFive business unit, is developing sequestration hubs on the Gulf Coast and across the U.S., some of them are thought to be anchored by direct air capture facilities. The hubs will provide access to high-quality pore space for industrial plants trying to find a way to capture their carbon emissions and efficient transportation infrastructure, bringing more options to emitters looking to explore viable carbon management strategies. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

Both companies have begun exploring the commercialization of the potential joint service for these carbon emitters. “For many years, Enterprise and Oxy have successfully collaborated in developing traditional oil and gas projects," A.J. “Jim” Teague, co-CEO of Enterprise’s general partner, commented. “We are excited to evolve that relationship with OLCV to provide reliable and cost-efficient CO2 transportation and sequestration services to advance a low-carbon economy for the energy capital of the world.”

Moreover, it is noticed that Oxy is one of only three oil and gas companies aspiring to set emissions reduction aims which are quite ambitious to reach Net Zero by 2050 and the alignment with TPI’s 1.5°C benchmark.

If you wish to learn more about CO2 and carbon storage projects in the O&G industry or just want to get a better hold on renewable and ESG data, contact our Houston sales office or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.

Tel. +1 713-203-3128

Email: treitmeier@hartenergy.com

Merger of Equals: Whiting and Oasis $6B Deal

$data['article']['post_image_alt']

The two Bakken shale producers announced in a joint statement on March 7 that they had reached an agreement to unite in a $6 billion "merger of equals." Combining these two companies will create a leading Williston Basin position with assets covering approximately 972,000 net acres, production of 167,800 boe/d, and an enhanced free cash flow generation that will generate capital returns to shareholders. A historic collapse in oil prices prompted both Whiting and Oasis oil companies to file for Chapter 11 bankruptcy protection in 2020. Thus, the merger can be viewed as a preventive measure to avoid going out of business.

All In: Devon Energy is Banking on a Rebound for Anadarko

$data['article']['post_image_alt']

Devon Energy Corp. believes that the Anadarko Basin is a hidden treasure and aims to use its position in it to fuel a robust cash return model and establish itself as an industry leader in promoting ESG. This E&P company plans to drill 45 new wells in the Midcontinent by 2022, as well as to produce 600,000 boe/d across five operating basins, including the Eagle Ford Shale, Permian, Powder River, and Williston basins. And given that Devon's recent fourth-quarter results were better than Street estimates. It appears that they are doing something right, at least for the moment.

$data['article']['post_image_alt']

In order to sell its part of the sprawling Eagle Ford Shale acreage, Chesapeake Energy Corp. on January 18 concluded an agreement to trade its Brazos Valley region assets to WildFire Energy I LLC for $1.425 billion.

$data['article']['post_image_alt']

On January 6, Phillips 66 announced that it plans to acquire more than 43% of DCP Midstream LP for $3.8 billion, expanding the business in the oil & gas business.

$data['article']['post_image_alt']

On January 5 Northern Oil & Gas (NOG) concluded a deal to acquire working interests in Midland-Petro D.C. Partners LLC (MPDC)'s Mascot Project in the Midland Basin, according to a January 9 press release. Firstly estimated at $330 million in cash, the deal was signed with an additional 3.25% working interest added to the 36.7% agreed upon when the transaction was announced on October 19. NOG paid $29 million more for the additional interests, which now totalled 39.958%. Finally, the deal closed for $320 million in cash and $43 million in debt at signing in October with the finance of Minnetonka, Minn.-based NOG with cash on hand, operating free cash flow, and assistance from its revolving credit facility.

2022 oil production A&D sector ANR Pipelines Abraxas Petroleum Acquisition Acquisitions Admiral Permian Resources Aera Energy Aethon Energy Alberta Align Midstream LLC Alternative Fuels Ameredev II Anadarko Basin Analysis Analytics Antero Midstream Corp. Antitrust Appalachia to Market and Middlesex Extension project Appalachian Appalachian Basin Appalachian basin ArcLight Capital Partners ArcLight Capital Partners LLC Artesia Natural Gas Gathering and Processing System Asia Assets Acquisition Assets Revenue Assets Sale Assets Value Aviation emissions BOED BP BP Plc BPX Energy Baker Hughes Bakken Bakken Formation Bakken Shale Bakken shale Bankruptcy Bay du Nord Berkshire Hathaway Biodiesel Bison Midstream Blackstone Energy Partners Blackstone Inc. Brazos Valley BridgeTex Broom Creek Formation Buyout Firms CCS CO2 reduction Canada Carbon Capture Carbon Footprints Carbon capture and storage Cardinal Midstream Partners Careers in O&G Carl Icahn Cenovus Centennial Resource Development Centennial Resource Development Inc. Cheniere Energy Cheniere Marketing Chesapeake Energy Chesapeake Energy Corp. Chesapeake Energy Corporation Chevron Chevron Corp. China Gas Holding LTD. Clay basin Clean Energy Climate Change Coal Colgate Energy Colgate Energy Partners II LLC Colgate Energy Partners III Colorado Comisión Federal de Electricidad Comstock Resources Concho Valley Solar ConocoPhillips Co. Continental Resources Continental Resources Inc. Corpus Christi Costa Azul Coterra Energy Inc. Credit Suisse Group Crescent Energy Crescent Point Energy Corp. Crestwood Equity Partners Crestwood Equity Partners LP Crestwood Permian Basin Holdings LLC Crowheart Energy Crude Oil Crude Prices D-J Basin DCP DCP Midstream DJ Basin DUCs on the Rise Data Debt Restructuration Decarbonization Technology Decarbonized Fuel Delaware Delaware Basin Delaware basin Denver Denver-Julesburg Basin Devon Energy Diamondback Energy Diamondback Energy Inc. Dividends Dominion Energy Dominion Energy Questar Pipeline Double E Pipeline DoublePoint Energy Downstream Market Driftwood Pipeline LLC Drilling Drilling Inventory E&P EIA EIEC EIG EP Energy ESG ESG performance ESG score Eagle Ford Eagle Ford M&As Eagle Ford Shale Earthstone Energy Inc. East Texas Elba Liquefaction Emissions EnCap Flatrock Midstream EnCap Investments EnVen Energy Corp. Enbridge Enbridge Inc Encap Flatrock Midstream Endeavor Gathering Energy Energy Assets Energy Crisis Energy Gas Energy Information Administration Energy Infrastructure Energy M&A deals 2022 Energy M&As Energy Prices Energy Production Energy Projects Energy Transfer Energy Transfer LP Energy Transport Solutions Ensign Natural Resources Enterprise Enterprise Product Operating LLC Enterprise Products Partners Environmental Protection Agency Equinor Energy Ireland Equitrans Midstream Corp. Equity Investments Ethanol Conversion Europe Evolution Petroleum Exaro Energy III Export Exxon Mobil Exxon Mobil Corp. ExxonMobil FireBird Energy LLC Flowing Gas Forecast Fort McMurray G&P GIS GIS NG data GIS U.S. GIS U.S. NG Data GIS U.S. NG data GIS U.S. data Gas Gas Extraction Gas Flaring Gas Holdings Gas Processing Plants Gas Production Gas Rates Gas processing Gathering Gathering and Processing Gathering and Transportation Network Gemini Carthage Glencore Global Emissions Goldman Sachs Grand Prix NGL Pipeline Great River Hydro LLC Great Western Petroleum Greater Green River Green River Basin Greenhouse Gas Emissions Gulf Coast Gulf Run Pipeline map Gulf of Mexico Haynesville Haynesville Basin Haynesville Shale Horizontal Well Humble Midstream Hydraulically Stimulated Resources Hydro-Québec Hydrocarbon Exploration Hydrocarbon Reservoirs Hydrogen IKAV IPO Import Inc. Infrastructure Ironwood Midstream Joint Venture Jonah Field Jordan Cove KKR Kaybob Duvernay Key statistics Kinder Morgan Kinder Morgan Inc. Komipo America LEG project LNG LNG Delivery LNG Demand LNG Terminals LNG delivery LNG exports LNG plant LNG provider LNG-by-rail LP LaBarge Labrador Lake Charles Project Lario Permian LLC Leasehold Properties Leucrotta Exploration Lime Rock Resources Line 3 project Liquefaction Plant Liquefied Natural Gas Liquefied natural gas Liquids and Natural Gas Pipelines LongHorn Louisiana Lucid Energy Group M&A M&As MLPs MPLX LP Magellan Magellan Midstream Partners Mainline Pipeline System Mancos Shale Marathon Oil Corp. Marathon Oil Corporation Marathon Petroleum Marcellus Shale Marcellus region Mariner East Project Mariner east expansion Market Acquisition Of Vine Energy Inc. Mascot Project Matador Medallion Midstream Services Medallion Pipeline Merge Merger Merit SI Methane Emissions Mewbourne Oil Co. Mexico MiQ Mica Midcoast Energy LLC Midcontinent Midland Midland Basin Midland-Petro D.C. Partners LLC Midstream Midstream M&As Midstream NG gathering pipelines Midwest Momentum Midstream LLC Monopoly Mont Belvieu Montana Montney Shale Motiva Enterprises Mountain Valley MountainWest Pipeline NG Pipeline Maps NG U.S. midstream data NG data NG data U.S. NG gathering pipeline systems NG pipeline maps NG3 NGL NGL Energy Partners NGL export NGL logistics NGL pipelines NGL production NGLs NGO NGP NLG Natural Gas Natural Gas Assets Natural Gas Certification Natural Gas Equivalent Natural Gas Gathering Natural Gas Infrastructure Natural Gas Liquids Infrastructure Natural Gas Prices Natural Gas Production Natural Gas Products Natural gas pipelines Navitas Midstream Net Acres Net-zero Production New Fortress New Jersey New Mexico Newco Newfoundland Noble Midstream Partners LP Non-Operated Assets North Dakota North-East Northern Delaware Basin Northern Oil and Gas Northern Oil and Gas Inc. Nuevo Midstream O&G O&G Production O&G output records O&G production forecasting Oasis Midstream Partners Oasis Petroleum Oasis Petroleum Inc. Offshore Oil Oil Equivalent Oil Prices Oil Sanctions Oil and Gas Oil and Gas Production Oil and Gas Properties Oil and Gas production Oil and Gas rigs Oil and gas production Oil companies Oil&Gas Omega Acquisition Inc. Onshore Ontario Teachers’ Pension Plan Operated Wells Orphan Basin Oryx Outrigger DJ Outrigger DJ midstream Oxy PAM PDC Energy PHMSA Pad Activity Monitor Paradox Basin Paramount Resources Ltd. Pearl Energy Investments Pecos River processing plant Pembina Penn Virginia PennEast Pipeline PennEnergy Resources LLC Pennsylvania Percussion Petroleum Permian Permian Basin Permian Basin 2022 Permian Deep Rock Oil Co. Permian Producers Permian Resource Corp. Permian Resources Corp. Permian acreage sale Permian basin Petro-Hunt Petroleum Production Piceance Pine Wave Energy Partners Pinnacle Midstream Pioneer Natural Resources Pipeline Pipeline Maps Pipeline and Hazardous Materials Safety Administration Pipelines Pipelines and Refineries Plains Plains All American Powder River Powder River Basin Power Generation Power Plant Fuel Power River basin Processing plants Production Production Forecast Propane Quantum Energy Partners Questar Pipeline RSG Ranger Oil Rattler Midstream Red Trail Energy RedBird Capital Partners Reduction of Greenhouse Emissions Renewable Diesel Renewable Energy Group Repsol Research Responsibly Sourced Gas Ring Energy Inc. Riverstone Rockcliff Energy Rocky Mountains Rocky mountain SAF SHLX SPA Sabine Pass LNG LP San Mateo Sempra Energy Sendero Midstream Sequestration Shale Shale Field Shale Formation Shale Gas Shale Industry Shale Oil Producer Shareholder Returns Shares Shell Midstream Partners Shell Plc. Shell UAS Sierra Grande Silver Hill Energy Partners III Sinochem Group Sour crude South Carlsbad Natural Gas Gathering System South Haynesville Basin Southcross Energy Southeast Gateway Southern Access expansion Southern Lights Pipeline Southwest Gas Southwest Gas Holdings Southwestern Energy Spain Steel Reef Infrastructure Corp. Sterling DJ Sterling DJ system Stock Market Stonepeak Partners LP Strategic Petroleum Reserve Strategic Resources Stronghold Energy Summit Midstream Summit Midstream Holdings Summit Midstream Partners Summit Midstream Partners LP Summit’s Lane System Sunrise Oil Sands TC Energy TC Energy Corp. TC PipeLines LP TG Natural Resources THQ Appalachia Tailwater Capital Takeaway Talos Energy Inc. Targa Resources Targa Resources Corp. Texas Titus Oil & Gas Production LLC Tokyo Gas Co. Ltd. Trace Midstream TransCanada Transport Permit Transportation Infrastructure Tug Hill Operating U.S. U.S. Gulf Coast U.S. LNG exports U.S. NG data U.S. NG midstream data U.S. NG upstream U.S. NG upstream data U.S. crude exports U.S. crude oil data U.S. energy U.S. energy M&A U.S. energy industry U.S. energy maps U.S. hydrogen production U.S. midstream data U.S. refineries U.S. shale gas assets U.S. upstream data Uinta Uinta Basin Ukraine Upstream Upstream M&As Upstream companies Utah Vermilion Energy Vermont Business Magazine HQI US Holding LLC Vista Pacifico WCS Waha Hub Wamsutter Field War Warburg Pincus Water Management Water management Webinar Well maps Wells West Texas Western Canada Select Western Canadian Sedimentary Basin White House Whiting Whiting Petroleum Wholesale WildFire Energy I LLC William Companies Williams Williston Williston Basin Willston basin Woodland Midstream II Wyoming XcL Midstream Zacks Consensus Zephyr Energy Acquisition Acreage Acreage maps Acreage sale Acreage sales Acreage valuation Analytics And Phillips 66 Partners And Rockcliff Energy Asset renewal Asset sale Assets merger Atural gas gathering Aviation Aviation fuel Bbl Bioethanol Carbon capture and storage Carbon capture storage (CCS) Carbon footprint Carbon-free Crude Crude export terminals Crude exports to Europe Crude oil Crude oil and natural gas output Crude oil delivery Crude oil production Divestment Drilling activity Drilling permits Dry gas Electrification Emission reduction Emissions Emissions reduction Energy acquisitions Energy deals Energy infrastructure Energy maps Energy market Energy provider Energy services Energy supplies Energy transfer Expansion Exploration & production Financial results Flaring gas Forecast Fuel Gas Gas prices Gas projects Gathering systems Geologic CO2 storage Green energy Greenhouse gas Greenhouse-gas emissions Growth Hydrogen pipeline maps Investment Liquefied natural gas Low emissions Map of pipelines Master limited partnership Merger and acquisition Midstream Midstream footprint Midstream infrastructure Natural gas Natural gas gathering and processing Natural gas maps Natural gas pipelines Natural gas producer Natural gas production Oil Oil & gas Oil and energy Oil and natural gas assets Oil market Oil output Oil prices Oil producers Oil rigs Onshore Partnership Petroleum Petroleum infrastructure Pipeline Pipeline maps Processing plants Produced water Rebranding Renewable energy Renewable energy sources Subsurface CO2 sequestration Subsurface characterization Sustainability The James Lake System The Permian Basin Undrilled locations Upstream Upstream production Water management Well maps Well redevelopment Wells Wet gas Wind energy