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TOP Secret deal: an asset acquisition by Superior Pipeline was made in complete anonymity
11/15/2021![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/Superior_Pipeline_assets_acquisition_midstream_Kansas_NGL_natural_gas_gathering.png)
Who is the mysterious seller: Durango or Tenawa? We shall see.
It has been announced that Superior Pipeline Co. LLC was successful in its purchase of natural gas gathering and processing assets in central Kansas. These assets consist of a 1,620-mile gathering system and an 85 MMcf/d cryogenic processing plant. No financial details of the deal have been disclosed as of yet.
At least for now, it remains unclear who is the other party in this transaction. In a bid to amend this secret, we narrowed the circle of likely suspects with the help of our market data to just two of them: Durango and Tenawa. According to our maps, they both suit the profile perfectly. Yet further investigation is needed.
As of Nov. 1, 2021, the acquisition became financially effective. Superior's existing infrastructure in the area will be majorly complemented by it: with the added capacity, the company will be able to serve more operators in the Midcontinent, which should expand its customer base.
According to Bill Ward, the company's senior vice president of commercial activities, this acquisition is one more step in Superior Pipeline's growth strategy that aims to consolidate synergistic assets in its core area in order to increase value for shareholders.
As for Superior Pipeline Co. LLC itself, this midstream energy company boasts full-service capabilities for natural gas gathering, handling, compression, dehydration, transportation, and marketing of natural gas and NGL.
Superior's expanding operations are spread all across the Texas and Oklahoma panhandle, Central-Western Oklahoma, Southeast Oklahoma, Southeast Texas, and the Appalachian region which includes Pennsylvania and West Virginia. Its midstream service volumes exceed 465 MMcf/d, while throughput volumes of NGL are way over 700,000 gallons/day already. And those numbers are only set to expand thanks to the mentioned transaction.
This secretive company is a joint venture, owned equally by Unit Corporation and SP Investor Holdings, LLC, a holding company, which simultaneously belongs to OPTrust and Partners Group, a global private markets investment manager.
If you are interested in analyzing any other industry deal that others preferred to leave undisclosed, our intel is here for you. Please, connect with our Houston sales office to see it for yourself.
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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. $1.8 billion deal is expected to close during the Q1 of 2022. The transaction will result in a 21.7% ownership stake for Oasis in Crestwood common units. The remaining ownership of Oasis in Crestwood will also be of benefit to the company since it will create a diversified midstream operator with a strong balance sheet and a bullish outlook after this accretive merger.
Expansion Is The Goal: Ironwood II Completes Asset Merger And Assumes Management of Nuevo Midstream Dos’ Eagle Ford Assets
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Ironwood Midstream expanded its operations in the Eagle Ford region through its merger with Nuevo Midstream. Thanks to this, Ironwood II has increased its crude oil and natural gas throughput capacities in the famous shale to approximately 400,000 bbl/d and 410 MMcf/d, respectively. With 390 miles of pipelines, the company manages 245,000 acres of dedicated land.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/67Blog_pad_activity_monitor_tracking_rextag_1 (1) (1).png){kind=tracking}
Oil output in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. Additionally, gas productivity in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Given that this growth has been expected, recent global market changes make forecasting the output even more challenging. Learning how production will change is easier with early activity tracking, a new service recently launched by Rextag – Pad Activity Monitor. With the help of PAM, you are able to monitor well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days. Additionally, it cuts down activity reporting lag times by at least 98%, from 120-180 days down to just 5-8 days. In order to access reports, charts, tables, and mapping visualizations via Rextag’s Energy DataLink use a web-based application allowing users to filter, download and identify activity on a map or data table. Moreover, customers will be able to set up daily, weekly, and monthly email report notifications.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/66Blog_Permian_Production_Forecasted_2Q_2022_Rextag.png)
The EIA forecasts that total output in the main U.S. shale oil basins will increase 142,000 bbl/d to 8.761 million bbl/d in June, the most since March 2020. Oil productivity in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. In the largest shale gas basin, the productivity in Appalachia in Pennsylvania, Ohio and West Virginia will grow up to 35.7 Bcf/d in June, its highest since beating a record 36 Bcf/d in December 2021. Gas output in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Speaking of the Permian future output, putting hands on upcoming changes in production has recently been made easier with the new Rextag's service - Pad Activity Monitor. Thanks to satellite imagery and artificial intelligence, customers are able to monitor the oil and gas wells and are provided with near real-time activity reports related to drilling operations. However, it is noticed that productivity in the largest oil and gas basins has decreased every month since setting records of new oil well production per rig of 1,544 bbl/d in December 2020 in the Permian Basin, and new gas well production per rig of 33.3 MMcf/d in March 2021 in Appalachia.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/65Blog_Permian_Drilling_Activity_Summary_May_2022_Rextag_3psd.png)
No sooner had the crude prices soared above $100/bbl than the industry professionals believed in an incredible growth of drilling activity in North America’s largest shale patch. Analysts speculate that additional output of 500,000 barrels of oil daily would become a significant part (4%) of overall U.S. daily production. That is going to flatter oil and gasoline prices. Drilling permits in the Permian Basin are persistently growing, averaging approximately 210 at the beginning of April. Moreover, the permits trend is noticed as an all-time high as a total of 904 horizontal drilling permits were awarded last month. Nowadays, learning and analysing the current situation and predicting the future development become easier with early activity tracking, a new service recently launched by Rextag. Rextag's Pad Activity monitor (PAM) allows you to see well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days with the help of satellite imagery and artificial intelligence. While the increase in drilling will result in higher production, U.S. shale producers will have to overcome several hurdles including labor shortages and supply constraints.