Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Eagle-Ford Republic Midstream System Has a New Owner
04/09/2019
Nuevo Midstream Dos LLC, Houston, will expand its crude oil gathering, storage, and intermediate transportation system in the Eagle Ford shale. It has entered into a definitive agreement with an affiliate of ArcLight Capital Partners to acquire the Republic Midstream System.
Most of the company's assets are located in Gonzales, Lavaca, and Dewitt counties in Texas. The system consists of some 100 miles of gathering pipeline that feeds a central delivery point with 300,000 barrels of crude oil storage and a six-bay truck station.
The 26-mile intermediate pipeline moves volume from this delivery point to the Kinder Morgan Crude and Condensate Pipeline and the Eagle Ford Crude Oil Pipeline System, which is owned and operated by Enterprise.
The transaction is expected to close early in the 2Q 2019.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
U.S. Crude Breakevens at Less Than $50/Bbl - Pipelines Help
U.S. Shale Breakevens now at $50 instead of $68/bbl. Pipeline management (field and maintenance data), as well as new projects introduced lower operation costs and provide path to future industrial success.
Shell Midstream To Buy Pipelines In $630 Million Dropdown (Continued)
Another pipeline purchased by Shell on the featured map today.
Kinetik Holdings recently announced a series of transactions in the energy sector. They struck a deal to buy Durango Permian infrastructure for $765 million. At the same time, they're selling their 16% share in the Gulf Coast Express Pipeline to ArcLight Capital Partners for $540 million. The total purchase cost includes $510 million in cash paid immediately and an additional $30 million that will be paid later, depending on whether they decide to expand further.
Recently, the Permian has seen significant acquisitions: Exxon Mobil purchased Pioneer Natural Resources for about $60 billion. Diamondback Energy's $26 billion deal to acquire Endeavor Energy Resources is currently on hold due to requests from the U.S. Federal Trade Commission. Occidental’s acquisition of CrownRock for $12 billion in the Midland.
EOG Resources is pushing boundaries in Ohio's Utica oil play and now drilling on the Sable pad, also located in Noble County. This site features the 3.7-mile lateral currently under construction. The company's first multi-well pads in the area Timberwolf and Xavier have each produced over 200,000 barrels of oil since their inception—Timberwolf in August and Xavier in October. A third site, the four-well White Rhino pad in Noble County, is also showing promising early results, according to Keith Trasko, EOG’s Senior Vice President of Exploration and Production, who noted the wells are performing as expected in their initial weeks.