Gibson bets on Permian strength powering US oil exports growth

Last updated: | Reading Time: 1 minutes
Gibson Energy Inc. is betting that swelling oil output in the Permian Basin will fuel continued growth in US crude exports

Canada’s Gibson Energy Inc. is betting that swelling oil output in the Permian Basin will fuel continued growth in US crude exports, boosting profit from a major Gulf Coast terminal it bought last year for about $1.1 billion.

The acquisition of the South Texas Gateway Terminal — which expanded Gibson beyond its core business of storing and processing Canadian crude in Alberta and Saskatchewan — is seen by analysts as a key earnings driver for the company. While Gibson has plans to generate more revenue from the terminal through physical improvements and enhanced contracts, the deal is also a macro bet on growing US oil exports.

Click here to read the full article
Source: Bloomberg

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

You might also like
Dante Caravaggio discusses EON’s Grayburg-Jackson drilling plans, production growth, and investor funding strategy.EON Resources advances San Andres development strategy
Matterhorn Express expansion is in service, boosting Permian gas throughput and easing regional pipeline bottlenecks.Matterhorn expansion likely online, boosting Permian gas flows
APA Corp. raised its 2026 US oil production forecast to 123,000 bpd from 122,000 while keeping planned domestic capital spending at $1.3B.APA raises 2026 U.S. oil outlook on Permian efficiency
From 2020–24, 93% of US oil growth came from the 10 counties in Texas and New Mexico, while the rest added just 130K b/d.Ten Permian Counties Account for 93% of US oil production growth since 2020
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
As the shale industry matures, the biggest oil and gas producers, with their efficiencies and lower cost of capital, are moving in.Changing of the guard in the Permian
Ovintiv Inc. is considering a possible sale of its operations in the Uinta basin, which could fetch as much as $2 billionOvintiv explores $2 billion Uinta basin business sale to focus on Permian shale operations
The EIA said on Monday that American shale output from the top-producing regions would soar to a six-month high in June.American Shale output hits heading for 6-month high in June
Evaluating fee simple ownership in residential real estateUnlock the potential of residential real estate with fee simple ownership. Discover its advantages, considerations, and risks in our comprehensive guide.Smaller regional U.S. banks have boosted significantly their lending to oil and gas firms over the past two years.Small banks significantly boost loans to oil and gas firms