Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
No More Gas Flaring: the Permian's Double E Pipeline is brought into service in West Texas
12/13/2021
A natural gas pipeline run by the U.S. energy company Summit Midstream Partners LP has been operational in New Mexico and Texas since Nov. 18.
Double E was built as a joint venture, where Summit holds 70% of the equity. Federal energy statistics estimate the project's cost at $450 million.
Permian Basin producers will benefit from improved downstream market access through this pipeline, possibly fueling new production growth in New Mexico and West Texas. It stretches approximately 135 miles from the Lane Processing plant to the Waha Hub in West Texas, adding approximately 1.35 Bcf/d of flow capacity to the Delaware Basin core.
As a result of its strategic location, Double E will be within reach of at least 20 gas processing plants, including six in New Mexico and one in Texas.
In addition to providing capacity holders with access to West Texas' benchmark Waha Hub, the pipeline also connects key downstream pipelines, including Kinder Morgan's Gulf Coast Express and Permian Highway Pipelines, adding to the system The Trans Pecos Pipeline that connects to the United States-Mexico border.
Due to the fact that the Double E pipeline should be able to transport more than 1 billion cubic feet of gas per day, this amount of gas would be sufficient to supply 5 million U.S. homes every day.
In the Permian Basin, the country's biggest shale oil region, Double E will be the first of several gas pipelines to begin serving customers this year, which should help operators reduce gas flaring in the area. Even though Permian drillers mainly target oil, they also extract a lot of gas.
In the past, many drillers burned off their waste gas because it was impossible to move it or process it in the region due to a lack of pipelines and infrastructure. Yet, as more pipes have been put into service, flare-ups have declined.
This year, Texas has also seen the commissioning of the 2 Bcf/d Whistler, the first phase of the 1.5 Bcf/d Gulf Coast Gemini, the 1 Bcf/d CJ Express, and the 2.1 Bcf/d Permian Highway, now with the addition of fully-operational Double E.
And If you are interested in learning more about the industry's gas infrastructure, connect with our Houston sales office to see our intelligence for yourself.
Tel. +1 713-203-3128
Email: treitmeier@hartenergy.com
The Final Stretch: Energy Transfer Pushes For Mariner East Project Ahead Of The Stunning Q3 Results
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/Energy-Transfer-Pushes-For-Mariner-East-Project-Ahead-Of-The-Stunning-Q3-Results .png)
Energy Transfer's lead in the world's NGL exports booked the company another successive quarter. With a global market share of almost 20%, the company is nigh unstoppable. But will it be enough to, finally, push the Mariner East project over the edge? If everything goes as planned, Mariner East's last segment could be operational by the end of the first half of 2022.
Ain't Nothing Like a $2 Billion Deal: Oasis Sells Midstream Affiliate to Crestwood
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/Oasis_Petroleum_Crestwood_Equity_Partners_Oasis_Midstream_Partners.png)
Crestwood & Oasis Midstream merge to create a top Williston #basin player. $1.8 billion deal is expected to close during the Q1 of 2022. The transaction will result in a 21.7% ownership stake for Oasis in Crestwood common units. The remaining ownership of Oasis in Crestwood will also be of benefit to the company since it will create a diversified midstream operator with a strong balance sheet and a bullish outlook after this accretive merger.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/119Blog_Chesapeake_Sells_Brazos_Valley_Assets_to_WildFire_Energy_012022.png)
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']](https://images2.rextag.com/public/blog/118Blog_Phillips66_acquires_units_of_DCP Midstream (1).png)
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']](https://images2.rextag.com/public/blog/117Blog_NOG_Completes_Mascot_Project_Acquisition_01_2023 (1).png)
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.