Acquisitions & Divestitures - Midstream
Pioneer's Scott Sheffield said this week that overall Permian output could flatten in the 12-month period ending September 2019, when proposed pipelines are completed.
Crude production out of the Permian is set to grow at a dynamic rate in the coming years, but breakeven prices are expected to increase with higher water usage.
Eclipse Resources has broken several laterals records in the Utica Shale and CEO Ben Hulburt told DUG East attendees he expects the company to break even more records.
Massive leak from 2015 continues to make region prone to shortages.
Transaction is expected to close by the end of the third quarter.
More than 500 requests made for exemptions; most steel used in U.S. pipeline construction is imported.
U.S. federal energy regulators approved EQT Midstream Partners LP's request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia.
The shutdown of TransCanada's Leach Xpress had forced producers using the line to find other pipelines to ship gas out of the Marcellus and Utica shale regions.
While companies expressed concerns about water management and takeaway capacity at Hart Energy's recent Midstream Texas conference and exhibition, Permian activity has kept morale up.
Including the marine products transaction, American Midstream has sold more than $500 million worth of noncore assets since 2017.
Port needs wider, deeper facilities to handle U.S. shale export boom.