Blog

Since days when shale oil and gas technologies were discovered, the U.S. energy industry has been evolving more rapidly than ever before. Many changes are amazing especially when you put them on an industry map. At Rextag not only do we keep you aware of major projects such as pipelines or LNG terminals placed in service. Even less significant news are still important to us, be it new wells drilled or processing plants put to regular maintenance.

Daily improvements often come unnoticed but you can still follow these together with us. Our main input is to “clip it” to the related map: map of crude oil refineries or that of natural gas compressor stations. Where do you get and follow your important industry news? Maybe you are subscribed to your favorite social media feeds or industry journals. Whatever your choice is, you are looking for the story. What happened? Who made it happen? WHY does this matter? (Remember, it is all about ‘What’s in It For Me’ (WIIFM) principle).

How Rextag blog helps? Here we are concerned with looking at things both CLOSELY and FROM A DISTANCE.

"Looking closely" means reflecting where exactly the object is located.

"From a distance" means helping you see a broader picture.

New power plant added in North-East? See exactly what kind of transmission lines approach it and where do they go. Are there other power plants around? GIS data do not come as a mere dot on a map. We collect so many additional data attributes: operator and owner records, physical parameters and production data. Sometimes you will be lucky to grab some specific area maps we share on our blog. Often, there is data behind it as well. Who are top midstream operators in Permian this year? What mileage falls to the share or Kinder Morgan in the San-Juan basin? Do you know? Do you want to know?

All right, then let us see WHERE things happen. Read this blog, capture the energy infrastructure mapped and stay aware with Rextag data!

Up to $1.5 Billion for Percussion Petroleum in the Permian Basin

Around 25,000 net acres in the Permian are being sold by Percussion Petroleum II, looking to fetch up to $1.5 billion, as some sources bet on rising oil prices to pocket more than double what it paid in 2021. The company spent $375 million plus contingent payments a year ago to buy the bulk of its assets in one of the most prolific crude-producing areas in the U.S. from Oasis PetroleumInc. The oil prices increased to triple digits and buyers wanted to gain a toehold in the basin, whereas backers of private shale companies such as Percussion use it as a chance to exit their investments with big profits. Remarkably, U.S. crude oil futures have grown about 50% to approximately $109/bbl since June 29, 2021, when Percussion closed its deal with Oasis.

$7 Billion Merger of Colgate and Centennial, the 2 Largest Permian Operators

Despite the circulating rumors concerning Colgate’s attempt to launch an IPO, on May 19 the company decided to combine with Centennial Resource Development Inc. This merger of equals is estimated at $7 billion and will found the biggest pure-play E&P company in the Delaware Basin of the Permian. The transformative combination essentially enlarges companies’ potential and hastens the growth across all financial and operating metrics. According to Centennial CEO Sean Smith, the combined company is anticipated to furnish shareholders with quickened capital return program due to a fixed dividend coupled with a share repurchase plan. Due to a recent report, the merger would increase production 7%, to 145,000 boe/d by the fourth quarter would further ratchet up next year. By third-quarter 2023, the company predicted 160,000 boe/d based on a drilling program of 140 wells per year. Colgate Energy was reported to be getting an IPO last December that sources said would value the company at approximately $4 billion. The combined company will have over 15-years of drilling inventory, assuming its current drilling pace, the companies will produce over $1 billion of free cash flow in 2023 at current strip prices.

Merger of Equals: Whiting and Oasis $6B Deal

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.

A $2 billion deal saw Dominion Energy sell Questar Pipelines to Southwest Gas

A good asset will not sit on the market for long. After a deal with Berkshire Hathaway fell through, Dominion Energy managed to secure another one for Questar Pipelines in a drop of a hat. And get that, it is better than the former one by more than half a billion! Although not everyone is happy with such decisions, it seems that even Carl Icahn’s complaints won't be able to sway Southwest Gas Holdings’ decision. Though we will have our eyes peeled in any case… If everything goes as planned, a $2 billion deal will be closed before the end of the year.

Restructuration is in a full-speed: Comstock to sell Bakken for $154 million

Comstock Resources decided to go through with asset divestment, selling its Bakken Shale actives for $150M to Northern Oil and Gas. The proceeds from these sales will be reinvested by Comstock Resources Inc. into the Haynesville Shale, at which point the company may acquire additional leasehold and fund drilling activities starting in 2022. Meanwhile, Northern clearly gunning for the pack leading position in the Texas shale play, but whether they succeed or not is remains to be seen.

A major U.S. shale oil producer is looking to start a land selloff in the lone star state

Pioneer Natural resources is looking to divest properties in the lone star state. According to Rextag, Pioneer’s Delaware assets on sale have a trailing 12 month production of just over 22 MBOE against a total Permian Basin production of almost 212 MBOE. (The sale, if it happens, will effectively lead to a 10% decrease of Pioneer’s asset base in terms of the previous year's production.)

A&D sector ANR Pipelines Abraxas Petroleum Acquisition Acquisitions Admiral Permian Resources Aera Energy Alberta Alternative Fuels Ameredev II Anadarko Basin Analysis Analytics Antitrust Appalachia to Market and Middlesex Extension project Appalachian Appalachian Basin Appalachian basin ArcLight Capital Partners 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 BridgeTex Broom Creek Formation Buyout Firms CCS CO2 reduction Canada Carbon Capture Carbon Footprints Carbon capture and storage Careers in O&G Carl Icahn Cenovus Centennial Resource Development Centennial Resource Development Inc. Cheniere Energy Cheniere Marketing Chesapeake Energy Corporation Chevron Chevron Corp. China Gas Holding LTD. Clean Energy Climate Change Coal Colgate Energy Colgate Energy Partners II LLC Colgate Energy Partners III Colorado Comstock Resources Concho Valley Solar ConocoPhillips Co. Continental Resources Corpus Christi Costa Azul Credit Suisse Group Crescent Energy Crestwood Equity Partners Crowheart Energy Crude Oil Crude Prices D-J Basin DCP DCP Midstream Data Debt Restructuration Decarbonization Technology Decarbonized Fuel Delaware Delaware Basin Delaware basin Denver Devon Energy Diamondback Energy Dividends Dominion Energy Double E Pipeline DoublePoint Energy Downstream Market Driftwood Pipeline LLC Drilling Drilling Inventory E&P EIA EIEC EP Energy ESG ESG performance ESG score Eagle Ford Eagle Ford Shale Earthstone Energy Inc. Emissions EnCap Flatrock Midstream EnCap Investments Enbridge Enbridge Inc 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 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 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 Great Western Petroleum Greater Green River Green River Basin Greenhouse Gas Emissions Gulf Coast Gulf Run Pipeline map Gulf of Mexico Haynesville Haynesville Basin Horizontal Well Humble Midstream Hydraulically Stimulated Resources Hydrocarbon Exploration Hydrocarbon Reservoirs Hydrogen IKAV IPO Import Inc. Infrastructure Ironwood Midstream Joint Venture Jonah Field Jordan Cove KKR Kinder Morgan Komipo America LEG project LNG LNG Delivery LNG Demand LNG Terminals LNG delivery LNG exports LNG plant LNG provider LNG-by-rail LaBarge Labrador Lake Charles Project 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 MPLX LP Magellan Magellan Midstream Partners Mainline Pipeline System Mancos Shale Marathon Petroleum Marcellus Shale Marcellus region Mariner East Project Mariner east expansion Market Acquisition Of Vine Energy Inc. Matador Medallion Pipeline Merge Merger Merit SI Methane Emissions Mexico MiQ Mica Midcontinent Midland Midland Basin Midstream Midstream NG gathering pipelines Midwest Monopoly Montana Montney Shale Motiva Enterprises Mountain Valley NG Pipeline Maps NG U.S. midstream data NG data NG data U.S. NG gathering pipeline systems NG pipeline maps NGL NGL Energy Partners NGL export NGL logistics 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 Navitas Midstream Net Acres Net-zero Production New Fortress New Jersey New Mexico Newco Newfoundland Non-Operated Assets North Dakota North-East Northern Oil and Gas 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 rigs Oil and gas production Oil companies Onshore Operated Wells Orphan Basin Oryx Oxy PAM PDC Energy PHMSA Paradox Basin Pearl Energy Investments Pembina Penn Virginia PennEast Pipeline Pennsylvania Percussion Petroleum Permian Permian Basin Permian Basin 2022 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 Production Production Forecast Propane Quantum Energy Partners Questar Pipeline RSG Ranger Oil Rattler Midstream Red Trail Energy Reduction of Greenhouse Emissions Renewable Diesel Renewable Energy Group Research Riverstone Rocky Mountains SAF SPA Sabine Pass LNG LP San Mateo Sempra Energy Sequestration Shale Shale Field Shale Formation Shale Gas Shale Industry Shale Oil Producer Shareholder Returns Shares Shell Plc. Sierra Grande Silver Hill Energy Partners III Sinochem Group Sour crude South Carlsbad Natural Gas Gathering System South Haynesville Basin Southcross Energy Southern Access expansion Southern Lights Pipeline Southwest Gas Stock Market Strategic Petroleum Reserve Strategic Resources Summit Midstream Partners Summit’s Lane System Sunrise Oil Sands TC Energy THQ Appalachia Takeaway Targa Resources Texas Titus Oil & Gas Production LLC 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. crude exports U.S. crude oil data U.S. energy maps U.S. hydrogen production U.S. midstream data U.S. refineries U.S. shale gas assets Uinta Uinta Basin Ukraine Upstream Utah Vermilion Energy 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 William Companies Williams Williston Williston Basin Woodland Midstream II XcL Midstream Zacks Consensus Zephyr Energy Acquisition Acreage maps Acreage sale Analytics And Phillips 66 Partners 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 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 Electrification Emission reduction Emissions Emissions reduction 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 Geologic CO2 storage Green energy Greenhouse gas Greenhouse-gas emissions Growth Hydrogen pipeline maps Investment Map of pipelines 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 and energy Oil and natural gas assets Oil market Oil output Oil prices Onshore Partnership Petroleum infrastructure Pipeline Pipeline maps Produced water Rebranding Renewable energy Renewable energy sources Subsurface CO2 sequestration Subsurface characterization Sustainability The James Lake System The Permian Basin Upstream Water management Well maps Wells Wind energy