This week’s energy headlines spotlight deepwater momentum, Delaware Basin expansion, major South Texas marketing efforts, midstream divestitures and storage growth, and rising LNG activity. Here are five stories that stood out:
Top Stories
- Beacon Offshore brings Zephyrus online in deepwater Gulf of Mexico
Beacon Offshore Energy placed the Zephyrus field on production, routing volumes to Shell’s Olympus platform. A second well is expected by the end of the first quarter, supporting broader Miocene development efforts as the company’s private equity sponsor evaluates a potential sale.
- Matador Resources expands Delaware Basin position
Matador added more than 17,000 net acres in the Delaware Basin through a series of smaller acquisitions. Stronger results in Lea County continue to be supported by longer laterals and optimized completions.
- Exxon reportedly tests market interest in major Eagle Ford package
ExxonMobil is exploring a potential sale of a large Eagle Ford asset package operated by XTO, according to a Reuters report. Covering roughly 168,000 net acres and about 1,000 producing wells, it represents one of the most significant South Texas offerings in recent years.
- Kinder Morgan sells EagleHawk stake, advances Trident pipeline
Kinder Morgan sold its minority stake in the EagleHawk gathering system for nearly $400 million while progressing the 2 Bcf/d Trident pipeline into the Port Arthur corridor. The project is designed to support rising LNG demand along the Gulf Coast.
- Boardwalk Pipeline launches 10 Bcf storage expansion at Petal
Boardwalk Pipeline’s Gulf South unit initiated a 10 Bcf storage expansion at the Petal complex in Mississippi. Two anchor shippers have already subscribed to most of the capacity, highlighting strong demand for flexible gas storage.
Additional Stories
Also this week: Glenfarne advances Alaska LNG, Aramco joins Commonwealth LNG, Noble grows rig backlog, ProPetro expands ProPower, FERC licenses Goldendale storage, Jupiter boosts its credit facility, EDP adds solar capacity, Lukoil sells assets to Carlyle and Chevron/NNPC appraise Awodi.
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