Air Quality Permit Filed For Quantum Crude Processing Facility

On Berthold-area land, 40,000 barrels per day will be processed. Estimated output is 18,400 barrels per day of gasoline, 13,200 of diesel #2, 5,600 of diesel #1 and 2,800 of AGO/bottoms.

Fri, 07/31/2015 - 09:18

Exxon Takes Steps To Expand Beaumont Refinery

A third crude distillation unit at Exxon’s Beaumont, Texas, refinery could make it the top refinery in the country, sources familiar with the matter said, Reuters reported.

Thu, 07/30/2015 - 15:00

HEP Subsidiary Acquires Interest In GT Omniport Terminal

Maverick Terminals LLC acquired majority interest in GT Omniport Terminal from GT Logistics LLC. GT Omniport currently handles crude oil, but will be expanded to handle refined products and NGL.

Wed, 07/29/2015 - 14:49

India’s Reliance Considers Selling US Shale Gas Assets

Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.

Tue, 07/28/2015 - 09:29

Saudi Arabian Chemical Manufacturer, Enterprise Sign Shale Gas Agreement

Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.

Mon, 07/27/2015 - 10:03

First River Energy Acquires Texas Gathering Co.

Texas Gathering Co. gathers about 24,000 barrels per day of crude, primarily in Texas. Owner Travis Davis and management team joined First River Energy and will continue managing the business.

Fri, 07/24/2015 - 09:30

EVX Midstream Formed Through $75 Million In Equity

EVX develops oil and natural gas, and also develops produced-water gathering, processing, treatment and transportation assets, in the Permian Basin, Eagle Ford Shale and Midcontinent.

Wed, 07/22/2015 - 10:14

Spectra Receives Processing Plant Safety Order From Canada’s NEB

The National Energy Board’s secretary signed the safety order indicating Houston-based Spectra had violated regulations for processing plants 27 times since April 2014, Reuters said. 

Thu, 07/16/2015 - 10:07

WPX’s Oil Search Leads To Deal In Permian’s Promised Lands

The acquisition of private company RKI Exploration & Production adds 3,600 locations in the Permian Basin and continues WPX’s climb up in the oil producing ranks.


Darren Barbee
Tue, 07/14/2015 - 14:13

MLPs Still Viable, Marathon-MarkWest Deal Shows

The MLP structure is still viable, Emily Hsieh, director of operations for MLP indexing firm Alerian, told Bloomberg. Recent Williams Cos.-Kinder Morgan Inc. consolidation efforts left investors questioning the model. 

Tue, 07/14/2015 - 10:07

Enterprise Closes $2.15B Purchase Of EFS Midstream Interests

Enterprise paid the first installment of $1.15 billion, and the final $1 billion payment is due on the first anniversary of closing date. The transaction’s effective date is July 1.  

Wed, 07/08/2015 - 16:28

KMI Will Start Second Houston Ship Channel Condensate Splitter

Kinder Morgan started up the first of two splitters to handle 50,000 barrels per day after manufacturers’ parts were delayed and there were weather issues affecting startup, Reuters said. 

Thu, 07/02/2015 - 15:17