NGL

Williams Completes Strategic Transactions in D.J. Basin

Retrieved on: 
Thursday, November 30, 2023
Energy, Other Energy, Oil, Gas, Transfer, Sale, NGL, Acquisition, RMM, NYSE, WMB, Transport, Cureton

Williams (NYSE: WMB) announced today that it has successfully closed two strategic transactions that now position the company as the third largest gatherer in the DJ Basin.

Key Points: 
  • Williams (NYSE: WMB) announced today that it has successfully closed two strategic transactions that now position the company as the third largest gatherer in the DJ Basin.
  • First, the acquisition of Cureton Front Range LLC, whose assets include gas gathering pipelines and two processing plants serving producers across 225,500 dedicated acres.
  • And second, the purchase of KKR’s 50 percent ownership interest in Rocky Mountain Midstream Holdings LLC (RMM), resulting in 100 percent ownership of RMM for Williams.
  • “We remain committed to executing on acquisitions that progress our overall strategy to maintain top positions in the basins we serve,” said Alan Armstrong, president and CEO of Williams.

Enterprise to Participate in BofA Securities Global Energy Conference

Retrieved on: 
Tuesday, November 14, 2023
Finance, Oil, Gas, Energy, Professional Services, Other Energy, Partner, NGL, Atlas, Enterprise Products, NYSE, Conference, Natural gas, EPD, Transport, Enterprise

Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in investor meetings at the BofA Securities Global Energy Conference on Wednesday, November 15, 2023.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in investor meetings at the BofA Securities Global Energy Conference on Wednesday, November 15, 2023.
  • The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website.
  • Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

Enterprise Publishes 2023 Sustainability Report Update

Retrieved on: 
Friday, November 10, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Partner, Sustainability reporting, NGL, Atlas, Enterprise Products, NYSE, Natural gas, EPD, Transport

Enterprise Products Partners L.P. (NYSE: EPD) today announced that the company’s 2023 Sustainability Report Update is now available and can be accessed on the company’s website at www.enterpriseproducts.com/safety-sustainability/environmental-social-go... .

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) today announced that the company’s 2023 Sustainability Report Update is now available and can be accessed on the company’s website at www.enterpriseproducts.com/safety-sustainability/environmental-social-go... .
  • The update is also accessible directly at the following link: 2023 Sustainability Report Update .
  • Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Oil, Gas, Energy, Sale, EBITDA, Webcast, WTI, EPA, Record, Corporation, Acquisition, Bank, Risk, NGL, Delaware Basin, CMA, Depreciation, Public expenditure, Argus, Propane, Water & Solutions, Liquid logistics, Conference, GAAP, Central Time, Water, Forecasting, West Texas Intermediate, Cryptocurrency, Bookkeeping, Partnership, Adjustment

Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.

Key Points: 
  • Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.
  • Operating income for the Crude Oil Logistics segment decreased $18.1 million for the quarter ended September 30, 2023, compared to the quarter ended September 30, 2022.
  • NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense.
  • Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

Natural Gas Liquids (NGLs) Market size to grow by USD 19.62 billion from 2023 to 2028; Growth Driven by Increasing renewable energy demand - Technavio

Retrieved on: 
Wednesday, December 6, 2023
Citizens Energy Corporation, Carbon, Coal, Plastic, Shell plc, Natural Resources, Chevron Corporation, PDF, NGL, Shell, PJSC, Ethane, Chesapeake Energy, Propane, USD, Equinor, BP, PDVSA, Growth, Valero Energy, Atlas, TotalEnergies, SE, ExxonMobil, Gasoline, Natural gas, Marketing, Free

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio.

Key Points: 
  • NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio.
  • Increasing renewable energy demand is notably driving the natural gas liquids (NGLs) market.
  • The natural gas liquids (NGLs) market is fragmented, and companies are deploying organic and inorganic growth strategies to compete in the market.
  • The gasoline as a fuel market size is estimated to grow at a CAGR of 1.06% between 2022 and 2027.

Basin Water Resources Unveils Exciting New Rebranding as Expansa

Retrieved on: 
Wednesday, December 6, 2023
Online, MMF, DI, Design–build, Filtration, NGL, HPI, Strategic planning, Chelodina expansa, Municipality, NF, Semiconductor industry in China, Marketing, Social media, UF, Operation, Water, Food processing, Growth, HQ, Nova Dies BVI IBC, CPI, Mining

HOUSTON, Dec. 6, 2023 /PRNewswire/ -- Basin Water Resources, a privately held U.S. based industrial and municipal water treatment solutions provider, proudly announces its rebranding as Expansa.

Key Points: 
  • HOUSTON, Dec. 6, 2023 /PRNewswire/ -- Basin Water Resources, a privately held U.S. based industrial and municipal water treatment solutions provider, proudly announces its rebranding as Expansa.
  • Key elements of the rebranding include:
    New Visual Identity: A modernized logo and refreshed design elements that capture the essence of our company's growth and forward-thinking approach.
  • Expansa is a premium provider of turnkey water treatment solutions to the Municipal, Power, Mining, HPI, CPI, NGL, Food Processing, and Semiconductor Industries.
  • Mobile Water Systems - Bag/Cartridge Filtration, MMF, UF, NF, RO, and DI
    For media inquiries and further information, please contact:

Evolution Petroleum Reports First Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2024 Second Quarter

Retrieved on: 
Tuesday, November 7, 2023
BOE, International, Public expenditure, NGL, Chevrolet Corvette (C8), GAAP, Roosevelt County, New Mexico, Net income, Interest, Tax, Webcast, LOE, Central Time, BOPD, CO2, Natural gas, Barnett, Pharmaceutical industry, Video game, Airline, Security (finance), Cryptocurrency, Depreciation

Evolution reported $20.6 million of total revenue for the current quarter, a 13% increase from the prior quarter.

Key Points: 
  • Evolution reported $20.6 million of total revenue for the current quarter, a 13% increase from the prior quarter.
  • Lease operating costs (“LOE”) remained relatively flat at $11.9 million in the current quarter compared to $11.8 million in the prior quarter.
  • During the first quarter of fiscal 2024, the Company fully funded operations, development capital expenditures, and cash dividends through cash generated from operations and working capital.
  • As previously announced, Evolution Petroleum will host a conference call on Wednesday, November 8, 2023, at 10:00 a.m. Central Time to review its first quarter fiscal 2024 financial and operating results.

HighPeak Energy, Inc. Announces Third Quarter 2023 Financial and Operating Results

Retrieved on: 
Monday, November 6, 2023
NGL, EBITDA, G&A, Perseverance, NYMEX, Natural gas, Boe, Cryptocurrency, Gasoline, Bank, Airline

FORT WORTH, Texas, Nov. 06, 2023 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended September 30, 2023.

Key Points: 
  • FORT WORTH, Texas, Nov. 06, 2023 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended September 30, 2023.
  • Cash operating margin averaged $59.17 per Boe, or 83% of the average realized price per Boe, excluding the effects of derivatives.
  • HighPeak Chairman and CEO, Jack Hightower, said, “We are thrilled to announce this quarter has been nothing short of transformational for our company.
  • HighPeak’s third quarter 2023 capital expenditures to drill, complete, equip, provide facilities and for infrastructure were $161.2 million.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Monday, November 6, 2023
Knowledge, Acceleration, JV, Insurance, Sale, Policy, Security (finance), BOE, Public Sector Net Cash Requirement, Water, NGL, G&A, Viperidae, CFPS, GAAP, Acquisition, MBO, Atlas, GRP, Letter, Growth, Transport, EPS, Lake Como, LOE, Deep Blue, Firebird, Net asset value, FCF, WTI, Philosophy, Energy Independence and Security Act of 2007, Bank, Oil, Pharmaceutical industry, Airline, Holding company, Diamondback, Diamondback Energy

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • In summary, Diamondback continues to execute on our business plan with our best-in-class cost structure and strong balance sheet.
  • This JV, of which Diamondback retained 30% ownership, creates the largest independent water business in the Midland Basin and brought in proceeds of ~$500 million to Diamondback.
  • Important information regarding forward-looking statements is included in our earnings release furnished to the SEC simultaneously with this letter.

Williams Reports Strong Third-Quarter Results

Retrieved on: 
Wednesday, November 1, 2023
Trucking, Other Energy, Logistics, Supply Chain Management, Oil, Gas, Transport, Energy, Other Transport, Adjustment, JV, Sale, Au Sable, Weather, Haynesville, Rocky Mountains, NGL, EBITDA, News, Modified, Discovery, Acquisition, Opal, MountainWest Sports Network, Ethane, Webcast, Central Time, NYMEX, Marketing, Barnett, Bookkeeping, Fine chemical, Petroleum, Broadcasting

In the third quarter, Williams sold its Bayou Ethane system for $348 million in cash, representing a last-twelve-month multiple over 14x Adjusted EBITDA.

Key Points: 
  • In the third quarter, Williams sold its Bayou Ethane system for $348 million in cash, representing a last-twelve-month multiple over 14x Adjusted EBITDA.
  • Williams has also agreed to purchase KKR’s 50 percent ownership interest in Rocky Mountain Midstream, resulting in 100 percent ownership of Rocky Mountain Midstream for Williams.
  • Williams' Third-Quarter 2023 Materials to be Posted Shortly; Q&A Webcast Scheduled for Tomorrow
    Williams' third-quarter 2023 earnings presentation will be posted at www.williams.com .
  • A webcast link to the conference call will be provided on Williams’ Investor Relations website.