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Energy Department to Purchase Crude Oil for SPR, Bids Accepted Until May 27
May 15, 2020
The U.S. Department of Energy (DOE) today released a Request for Proposals (RFP) to purchase up to one million barrels of sweet crude oil to test the oil market. The oil is for delivery to the Strategic Petroleum Reserve (SPR)
PHMSA Strikes Down Washington State’s Crude-by-Rail Safety Limits
May 15, 2020
The U.S. pipeline regulator late on Monday blocked an effort by Washington state to tighten vapor pressure restrictions on the transport of crude oil by rail, saying the measures would not lower the risk of explosions. The decision by the
Global Energy Megatrend to Acquire Magnolia LNG Export Project for $2.25 Million, Louisiana
May 15, 2020
A privately held energy infrastructure firm has agreed to buy Magnolia LNG from its parent, Australia’s LNG Limited, for $2.25 million, according to the voluntary administrators that were appointed to review the parent company’s assets. The transaction, announced Tuesday and
FERC Declines States’ Request for Moratorium on Pipeline Approvals
May 15, 2020
Federal Energy Regulatory Commission (FERC) Chairman Neil Chatterjee has rejected a request from several states to pause approvals for new energy infrastructure projects such as natural gas pipelines. Chatterjee, in a Tuesday letter to Virginia Attorney General Mark Herring (D),
Energy Spectrum Raises $969 Million for New Midstream Fund
May 15, 2020
Dallas, Texas-based Energy Spectrum Capital recently closed Energy Spectrum Partners VIII with capital commitments of $969 million. “The final close of Fund VIII enables us to continue wisely deploying capital on behalf of our limited partners, as we have done
Ring Energy to Sell Its Delaware Basin Asset for $31.5 Million, Texas
May 14, 2020
Ring Energy has entered into a purchase and sale agreement to sell its Delaware Basin asset located in Culberson and Reeves Counties, Texas. “Since formally announcing the marketing of our Delaware property in early November 2019, we have worked very
Empire Petroleum Acquires Producing Oil and Gas Assets from Pardus Oil & Gas, Texas
May 14, 2020
Empire Petroleum Corporation has acquired producing oil and gas assets and related midstream assets located in Houston, Madison, and Leon Counties in Texas. The assets were acquired from Pardus Oil & Gas. “We believe the Ft. Trinidad Field has tremendous
Meritage Midstream Commissions Steamboat Natural Gas Processing Plant in Wyoming’s PRB
May 14, 2020
Meritage Midstream Services’ subsidiary, Thunder Creek Gas Services, has completed commissioning of the Steamboat I processing plant in Converse County, Wyoming. The Steamboat plant more than doubles Meritage’s natural gas processing capacity in the Powder River Basin. Meritage is one
Enterprise Begins Service at Mentone Natural Gas Processing Plant, Texas
May 14, 2020
Enterprise Products Partners said its Mentone cryogenic natural gas processing plant in Loving County, Texas was recently placed in service. The facility has the capacity to process 300 million cubic feet per day (MMcf/d) of natural gas, and extract more
Milestone Opens Oilfield Waste Landfill in Upton County, Texas
May 14, 2020
Milestone Environmental Services has opened its Upton Landfill facility, located at N. State Highway 349, in Midkiff. The facility is now accepting drill cuttings, contaminated soils, and other RCRA-exempt E&P waste materials approved for landfill disposal. The Upton Landfill is
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