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Edgewater Midstream Secures $400 Million Equity Commitment from EnCap Flatrock Midstream
January 8, 2020
Edgewater Midstream has secured an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Edgewater management team. Edgewater was formed in late 2019 to provide independent midstream logistics solutions to refiners, producers, and marketers of crude oil,
Gemma Power Systems Enters Into EPC Contract to Construct Harrison Energy Center, Ohio
January 8, 2020
Argan’s wholly owned subsidiary, Gemma Power Systems, entered into an engineering, procurement and construction (EPC) services contract with Harrison Power to construct the Harrison Energy Center, a 1,085 MW state-of-the-art natural gas-fired power plant, in Harrison County, Ohio. The facility
Superior Pipeline Acquires Gathering and Compression Assets in Central Oklahoma
January 8, 2020
Superior Pipeline Company has completed the acquisition of roughly 600 miles of gathering pipeline and compression in central Oklahoma. The acquired assets will complement existing Superior infrastructure, and the gas volumes associated with the acquisition will be processed by the
Infrastructure Networks Teams with Nokia to Expand 4G/5G LTE Network Coverage Across Energy Basins
January 8, 2020
Infrastructure Networks, Inc. (INET) has completed a major expansion of its private LTE network, adding capacity in existing areas, doubling geographic coverage, and upgrading the network to be 5G-ready. The resulting network now covers over 130,000 miles across four major
Sempra Expands Cameron LNG Export Plant in Louisiana
January 7, 2020
The $10 billion liquefied natural gas, or LNG, facility on the Gulf Coast of Louisiana that is majority-owned by a subsidiary of San Diego’s Sempra Energy has successfully opened a second unit that will soon export natural gas to markets
New Mexico Cashes in On World’s Most Productive Oil Field
January 7, 2020
The Permian Basin became the world’s most productive oilfield in 2019, and New Mexico is reaping the financial benefits. The state saw a significant revenue surge this year, resulting in a projected $7.8 billion collected. The New Mexico Oil and
Oil On Track for Best Year Since 2016 as Supply Concerns Ease
January 7, 2020
Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday. American crude
Adelphia Gateway Pipeline Project Secures FERC Approval, Pennsylvania
January 6, 2020
The Adelphia Gateway Pipeline Project in the Greater Philadelphia region has secured a certificate of Public Convenience and Necessity from the Federal Energy Regulatory Commission (FERC). FERC has also affirmed the need for reliable pipeline infrastructure to serve constrained markets.
WaterBridge Raises $345 Million Capital to Fund Acquisitions
January 6, 2020
Houston-based company WaterBridge has raised $345 million of equity capital to fund its acquisitions of water infrastructure and growth projects. The proceeds will be used by WaterBridge to acquire produced water infrastructure from Primexx Energy Partners, Tall City Exploration III
Mexico to Continue to Rely on Natural Gas Imports for U.S.
January 6, 2020
Mexican President Andres Manuel Lopez Obrador said on Friday it will be a long time before Mexico produces enough natural gas to become self-sufficient and the country will continue to rely on imports until then, a boon for U.S. exporters.
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