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Targa buying Stakeholder Midstream for $1.25B, adding Permian gas assets and ~$200M/yr cash flow with low capex.

Targa Resources to Acquire Stakeholder Midstream for $1.25B

Targa Resources Corp. has agreed to acquire Stakeholder Midstream LLC in a $1.25 billion all-cash transaction that deepens its presence in the Permian Basin. Stakeholder’s system includes about 480 miles of natural gas pipelines, roughly 180 MMcf/d of cryogenic processing and sour gas treating capacity, carbon capture activities that qualify for 45Q tax credits, and a small crude oil gathering network. The assets are backed by long-term, fee-based contracts across approximately 170,000 dedicated acres with low-decline production, providing Targa with a durable volume and cash flow profile.

The company expects the acquired system to generate about $200 million in annual unlevered adjusted free cash flow, with limited ongoing capital needs and modest integration costs. Targa plans to fund the purchase with existing cash and its $3.5 billion revolving credit facility, with closing targeted for early 2026 subject to customary regulatory approvals. For market participants, the deal underscores continued consolidation in midstream infrastructure and highlights the strategic value of sour gas treating, carbon capture, and fee-based contracts in a growing Permian Basin, where rising natural gas demand from LNG exports and power generation supports long-term throughput.

Source: Seeking Alpha
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Matterhorn Express expansion is in service, boosting Permian gas throughput and easing regional pipeline bottlenecks.

Matterhorn expansion likely online, boosting Permian gas flows

A key expansion on the Matterhorn Express Pipeline appears to be in service, adding new takeaway capacity for Permian Basin natural gas, according to a recent report from East Daley Analytics.

Pipeline flow data monitored by East Daley show deliveries on Matterhorn rising from a steady 1.65 billion cubic feet per day since June to as high as 1.95 billion cubic feet per day in November, indicating the long-anticipated 0.5 billion cubic feet per day compression expansion may now be operating.

“After consistently delivering about 1.65 billion cubic feet per day since June to the Katy market, Matterhorn flows jumped to as high as 1.95 billion cubic feet per day in November,” East Daley reported, noting the sustained increase “suggests that expansion is now underway or completed.”

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Source: Pipeline & Gas Journal

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US associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA.

Permian Basin oil boom propels 2024 rise in US associated natural gas

The Permian Basin’s role as the nation’s dominant crude oil producing region is translating to a role as the nation’s dominant natural gas producing region.

According to the U.S. Energy Information Administration, U.S. production of associated dissolved natural gas, also known as associated natural gas, increased by 6% in 2024. This mirrored the growth in crude oil production from the Permian region.

Associated natural gas production averaged 18.5 billion cubic feet per day in 2024, according to data from Enverus DrillingInfo.

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Source: mrt

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Oil prices rebounded in early Asian trade after OPEC+ chose to keep output steady through the first quarter of 2026.

Oil prices rise as OPEC+ holds firm on output through Q1 2026

Oil prices rebounded in early Asian trade on Monday following the latest OPEC+ meeting, as traders responded to the producer group’s decision to hold output steady through the first quarter of 2026.

At the time of writing, West Texas Intermediate crude stood at $59.32, up 1.32%, while Brent crude had climbed to $63.16, up 1.25%

The bounce reflects relief over the group’s cautious stance, with OPEC+ reaffirming its plan to maintain current production levels rather than raise output further. The move had been expected and is seen as an attempt to guard against a supply glut.

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Source: yahoo!finance

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U.S. natural gas pipelines are seeing their biggest expansion since 2008, driven by surging LNG, data-center, and manufacturing.

Permian gas wave sparks biggest pipeline buildout since the shale boom

Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline capacity in the U.S. Gulf Coast.

Chemical and manufacturing industries and data centers looking for reliable energy supply drive increased domestic consumption, while the booming LNG exports from the Texas and Louisiana coasts, and at least half a dozen new export plants expected to start up by the end of the decade, are prompting new-built or expanded links to feed gas to the LNG facilities.

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Source: Oil Price

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ExxonMobil will buy a 40% stake in the new Bahia NGL pipeline from Enterprise Products Partners to boost Permian gas takeaway capacity.

Exxon to buy stake in Enterprise’s new Permian NGL pipeline

Oil and gas supermajor ExxonMobil will buy a 40% stake in the new Bahia natural gas liquids (NGL) pipeline from Enterprise Products Partners as producers and pipeline operators expand gas takeaway capacity in the Permian basin.

Enterprise Products Partners on Thursday said it had entered into an agreement with ExxonMobil, which will acquire a 40% undivided joint interest in Enterprise’s Bahia NGL pipeline that is currently being commissioned.

The closing of the transaction is subject to regulatory approvals and is expected by early 2026, Enterprise said.

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Source: Oil Price

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Saudi Aramco wants to become a major liquefied natural gas player, especially in the US as its LNG capacity nearly doubles.

Saudi Aramco to sign US LNG agreements during crown prince’s visit to Washington, sources say

Sources familiar with the matter told Reuters that Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals. This is with Woodside Energy and Commonwealth LNG when Saudi Arabia’s Crown Prince Mohammed bin Salman visits Washington next week.

Saudi Aramco, the world’s largest oil exporter, wants to become a major liquefied natural gas player. This is especially in the United States, where they will almost double LNG capacity over the next four years.

It has already signed deals with other U.S. players, including NextDecade’s Rio Grande LNG.

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Source: Oil & Gas 360

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The IEA predicts an increase in oil and gas consumption through 2050, with the US set to remain the world’s largest producer.

IEA predicts increase in oil and gas consumption by 2050

The International Energy Agency’s (IEA) World Energy Outlook predicts an increase in oil and gas consumption through 2050, with the US set to remain the world’s largest producer.

The IEA projected that oil demand could reach around 113 million barrels per day (mbbl/d) by mid-century, an increase of roughly 13% from 2024 consumption.

The agency also predicted that global liquefied natural gas (LNG) capacity could expand to roughly 1.02 trillion cubic metres.

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Source: yahoo!finance

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The total number of active drilling rigs for oil and gas in the US rose this week, Baker Hughes reported Friday.

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 United States rose this week, according to new data that Baker Hughes published on Friday. Let’s talk more about oil and gas rig count.

The total rig count in the US rose to 548 this week, according to Baker Hughes, down 37 from this same time last year.

The number of active oil rigs stayed the same in the reporting period, according to the data, at 414. Year over year, this represents a 65-rig decline. The number of gas rigs rose by 3 to 128, which is 26 more than this time last year. The miscellaneous rig count fell by 1 to 6.

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Source: Oil Price

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British oil giant BP on Tuesday reported third-quarter net profit of $2.21 billion, beating analyst expectations.

BP beats third-quarter profit expectations on higher oil and gas production

British oil giant BP on Tuesday reported stronger-than-expected third-quarter profit as higher crude and gas production outweighed a weak oil trading result. Does BP beats third-quarter? Let’s see.

The London-listed oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $2.21 billion for July-September period. That beat analyst expectations of $2.03 billion, according to an LSEG-compiled consensus.

BP’s third-quarter net profit came in at $2.3 billion last year and $2.35 billion in the second quarter of 2025.

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Source: CNBC

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