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ArcLight, Rattler Midstream form midstream JV Amarillo Rattler

ArcLight, Rattler Midstream form midstream JV Amarillo Rattler

ArcLight Fund V portfolio company Amarillo Midstream and an affiliate of Rattler Midstream have agreed to form a 50:50 joint venture (JV) called Amarillo Rattler to own and operating natural gas gathering and processing assets in the Midland Basin of the Permian Basin in the US. While ArcLight Fund V is managed by ArcLight Capital […]

McDermott wins contract for six crude oil storage tanks in Texas

McDermott wins contract for six crude oil storage tanks in Texas

McDermott International said that it has bagged a contract for providing engineering, procurement, fabrication, and construction services (EPFC services) for six floating roof crude oil storage tanks in Texas from a major oil and gas operator. The crude oil storage tanks will be part of an energy infrastructure project connecting the Permian Basin in West […]

Mentone gas processing plant : Enterprise Products begins operations at Texan gas plant

Mentone gas processing plant : Enterprise Products begins operations at Texan gas plant

US midstream company Enterprise Products Partners has commissioned its Mentone gas processing plant in Texas built at Loving County. The Mentone gas processing facility, which broke ground in October 2018, has been designed to process 300 million cubic feet per day (MMcf/d) of natural gas, and extract over 40,000 barrels per day (BPD) of natural […]

US shale player Carrizo acquired by Callon Petroleum for $3.2bn

US shale player Carrizo acquired by Callon Petroleum for $3.2bn

Callon acquisition of Carrizo : Callon Petroleum, a Texas-based oil and natural gas company, has wrapped up its previously announced $3.2 billion worth acquisition of shale player Carrizo Oil & Gas. The Houston-based energy company Carrizo is involved in the exploration, development, and production of oil and gas from resource plays located in the US. […]

WPX Energy to acquire Delaware Basin operator Felix Energy for $2.5bn

WPX Energy to acquire Delaware Basin operator Felix Energy for $2.5bn

WPX Energy acquisition of Felix Energy : WPX Energy, an Oklahoma-based natural gas liquids company, has signed a $2.5 billion deal to acquire Delaware Basin operator Felix Energy. Based in Denver, Colorado, Felix Energy was founded in 2013. The Delaware Basin operator is financially backed by EnCap Investments and JP Morgan. Felix Energy, which has […]

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum and Ecopetrol have announced the formation of a joint venture to develop Midland Basin properties in the Permian Basin. The joint venture will speed up the development of 97,000 net acres of Occidental’s properties in the Midland Basin. To acquire a 49% stake in the joint venture, Ecopetrol will pay $750m in cash […]