The Permian Strategic Partnership (PSP) added midstream companies Targa Resources and Western Midstream as its 26th and 27th members, the PSP announced Nov. 9.
Since 2019, the PSP has remained dedicated to the Permian Basin, committing over $150 million in member company contributions through public and private partnerships—leveraging more than $1 billion in transformative investments.
According to the company, these efforts have impacted the region’s public schools, healthcare systems, road safety and infrastructure and workforce development opportunities.
“With their expertise and resources, we are positioned to continue to drive innovation through our transformational initiatives that will continue to improve the overall quality of life for the communities within the region," said Tracee Bentley, president and CEO of the PSP.
Recommended Reading
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
2024-03-11 - EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
EQT, Equitrans Midstream to Combine in $5.5B Deal: Reports
2024-03-11 - EQT Corp.'s deal would reunite the natural gas E&P with Equitrans Midstream after the two companies separated in 2018.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
EQT Strengthens Appalachian Position in Swap with Equinor
2024-04-16 - EQT, the largest natural gas producer in the U.S., is taking greater control of the production chain with its latest move.
Ohio Oil, Appalachia Gas Plays Ripe for Consolidation
2024-04-09 - With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.