Targa Resources is acquiring Stakeholder Midstream for $1.25 billion, adding 480 miles of Permian gas pipelines and expanding its sour-gas treating and carbon-capture operations. The deal strengthens Targa’s Permian position and adds $200 million in annual free cash flow.
Western Midstream set a gas gathering record at 5.5 billion cubic feet per day, posted record Q3 adjusted EBITDA, and closed its Aris Water Solutions acquisition to expand Delaware Basin water services.
The Federal Permitting Council added Revenant Energy’s Black Bear Natural Gas Project in Texas to the FAST-41 program, streamlining federal environmental review for the proposed wells and pipelines in Angelina National Forest.
Tidewater Midstream has sold its Sylvan Lake gas processing facility and related gathering system to Parallax Energy for $5.5 million. The non-core asset sale will help the Calgary-based company reduce debt and focus on core midstream operations.
Tailwater Capital secured $1.1 billion in new financing to recapitalize and expand Producers Midstream, bolstering its pipeline, gathering, and processing network across Texas, New Mexico, and Oklahoma.
Cardinal Midstream Partners completed 36 miles of new gas gathering pipelines and announced a 220 MMcf/d expansion at its Pecos River Processing Complex, strengthening its Delaware Basin footprint.
The Canadian midstream operator controls key natural gas and NGL processing, storage and transportation assets in the Montney and Duvernay regions.
Oklahoma Gas Gathering is using Bridger Photonics’ methane detection technology across its Anadarko Basin pipelines, aiming to cut emissions, reduce leaks, and boost midstream efficiency.
MPLX has completed its $2.375 billion acquisition of Northwind Midstream, expanding sour gas gathering and treating capacity in New Mexico’s Delaware Basin, with upgrades set to more than double processing capacity by 2026.
Harvest Midstream has agreed to acquire MPLX’s Uinta and Green River gas gathering and processing assets for $1 billion, adding more than 1,500 miles of pipelines and 850 MMcf/d of processing capacity across Utah, Wyoming, and Colorado.
Enterprise Products Partners has completed its $580 million acquisition of Occidental’s natural gas gathering systems in the Midland Basin, adding 200 miles of pipelines to its Permian footprint.
Occidental has agreed to sell its Midland Basin gas gathering assets to Enterprise Products Partners for $580 million as part of a broader divestiture strategy aimed at reducing debt.
MPLX has acquired Whiptail Midstream’s San Juan Basin gathering systems for $237 million, expanding its oil, gas, and water infrastructure footprint in the Gallup oil play.
Archrock has completed its $357 million acquisition of NGCS, adding 351,000 horsepower to its fleet and expanding Permian Basin operations as demand for compression services grows.
The newly formed company has acquired a crude oil gathering system spanning Atascosa, Frio, La Salle, and McMullen counties in South Texas.
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