Targa Resources to acquire stakeholder Midstream for $1.25B
Targa buying Stakeholder Midstream for $1.25B, adding Permian gas assets and ~$200M/yr cash flow with low capex.
Entries by Ranger Land and Minerals
Matterhorn expansion likely online, boosting Permian gas flows
Matterhorn Express expansion is in service, boosting Permian gas throughput and easing regional pipeline bottlenecks.
Permian Basin oil boom propels 2024 rise in US associated natural gas
US associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA.
Oil prices rise as OPEC+ holds firm on output through Q1 2026
Oil prices rebounded in early Asian trade after OPEC+ chose to keep output steady through the first quarter of 2026.
Permian gas wave sparks biggest pipeline buildout since the shale boom
U.S. natural gas pipelines are seeing their biggest expansion since 2008, driven by surging LNG, data-center, and manufacturing.
Exxon to buy stake in Enterprise’s new Permian NGL pipeline
ExxonMobil will buy a 40% stake in the new Bahia NGL pipeline from Enterprise Products Partners to boost Permian gas takeaway capacity.
Saudi Aramco to sign US LNG agreements during crown prince’s visit to Washington, sources say
Saudi Aramco wants to become a major liquefied natural gas player, especially in the US as its LNG capacity nearly doubles.
IEA predicts increase in oil and gas consumption by 2050
The IEA predicts an increase in oil and gas consumption through 2050, with the US set to remain the world’s largest producer.
Oil and gas rig count ticks up in the US as production hits new high
The total number of active drilling rigs for oil and gas in the US rose this week, Baker Hughes reported Friday.
BP beats third-quarter profit expectations on higher oil and gas production
British oil giant BP on Tuesday reported third-quarter net profit of $2.21 billion, beating analyst expectations.
