permian basin | Egypt Oil & Gas

US Matterhorn Pipeline Commences Operations, Boosting Permian Gas Transport

The Matterhorn Express Pipeline has started transporting natural gas to the Transco pipeline, providing an addition to the midstream infrastructure of the Permian Basin in Texas, as Bloomberg reported.

APA Reveals $950M Non-Core Asset Sale Deal in the Permian Basin

 APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian Basin for $950 million, prior to customary closing adjustments.

ExxonMobil Eyes Net Zero Emissions in Permian Basin By 2030

 ExxonMobil plans to achieve net zero greenhouse gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030.

Number of US Oil, Gas Rigs Rises for Third Consecutive Week

US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018.

US Shale to Decline by 68,000 bbl/d in October

US oil output is predicted to fall in October by 68,000 barrels per day (bbl/d) after output is set to decrease from seven major shale formations.

ConocoPhillips Withdraws Request to Extend Flaring Permits

US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements

Chevron Approves $5 B Takeover of Noble Energy

American supermajor Chevron Corporation has agreed to acquire the remainder of Noble Energy’s shares for a total of $5 billion, or $10.38 per share.

EnLink Acquires Permian Basin Crude Operation

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC, which has crude oil gathering, transportation, and marketing operations in the Permian basin.

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