Austin Chalk has excellent economic potential, Magnolia’s Chazen tells conference.
The substantial acreage dedication to Taproot is a strategic bolt-on opportunity to the existing system currently under construction and supports the initial acreage dedication with Bison Oil & Gas II LLC.
Analysts say the tariffs will particularly hit plans by U.S. companies, such as Cheniere, Sempra Energy and Kinder Morgan, to build new LNG terminals or expand existing ones by adding processing units.
Meanwhile, the number of DUCs in the Permian will rise by 211 to 3,630, the largest monthly increase since the EIA began tracking the data in September 2016.
Revisions to the Obama-era plan include changes to the percentage of methane that must be captured at drilling locations and measures on well completions and leak detections.
The anticipated increases in fuel economy will keep diesel competitive with electric and other renewable sources.
The phasing out of the Federal Production Tax Credit will mean a decline in new wind projects and increased operating and maintenance on older assets.
CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, on Sept. 17 announced that it intends to sell its Cushing, Okla., crude oil tank farm and currently is entertaining bids from potential purchasers.
Southcross Energy Partners LP (NYSE: SXE) has named James W. Swent III as chairman, president and CEO by its board of directors, the company said on Sept. 18.
Oil production is expected to rise 31,000 barrels per day in the Permian Basin of Texas and New Mexico, the EIA said in a monthly report.