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How Big Is U.S. NG Pipeline Network?
05/10/2017
You are most likely to already know that U.S. natural gas pipeline network is the word's biggest one.
Do you know exactly how big is it? We made the count for you. As you see, we will hit a 1 million miles threshold soon.
U.S. NG pipeline mileage is 12 times greater than that of Russia, and 40 times the network of China. Other countries in "top five" by pipeline mileage are Ukraine (22.8), and Australia (18.6) thousand miles. -
Based on Rextag live data (2017) and CIA World Factbook (2015).
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$113 Million Transaction Baytex Energy Sells Off Crude Oil Holdings in Western Canada
Baytex Energy Corp., a prominent oil and gas company, has struck a deal to sell part of its Viking assets located in Forgan and Plato, southwest Saskatchewan. The transaction sealed at CAD 153.8 million (approximately US$113.23 million).
NGL Energy Partners Strengthens its Propane Asset Portfolio in the North-East
NGL Energy Develops Its Portfolio of Wholesale Propane Business Assets. Bought From DCP
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.