Sheila Kraft, MBA

‘Tis the Season for Midstream Deals and Decisions in the Permian Jingle bells are ringing this week in the Land of Oil and Gas A-plenty where midstream operators are already unwrapping holiday gifts. Reese Energy Consulting today is following the latest from the Permian, starting with Midland, Texas-based rockstars Kinetik Midstream and E&P Permian Resources. Kinetik, which in short order has become the Delaware’s largest independent gatherer and processor, operates 4,600+ miles of natural gas and crude oil pipe, and six gas plants with another under construction and another one planned. The company in 3Q reported $83.7 million in net income—a 94% increase year over year—and fattened its stake in Diamondback Energy’s EPIC crude pipeline to 27.5%. Kinetik will now further expand its “super system” in a $180 million bolt-on deal for Permian Resources’ Delaware oil and gas midstream assets. Kinetik gains 60,000 gross acres dedicated by Permian Resources under long-term, fixed-fee agreements that include 150 MMCFD and an estimated 250 MBPD next year, 250 MMCFD of compression, and natural gas processing. For its part, Permian Resources is sticking to its guns to remain the Delaware’s lowest-cost operator. This, after announcing a third consecutive increase to its full-year production targets and 160.8 MBPD announced in 3Q. Rock on, rockstars. Energy Transfer meanwhile has gifted Permian producers with a FID on the formerly named Warrior natural gas pipeline project. Now known as the Hugh Brinson, the 400-mile pipeline will flow an initial 1.5 BCFD from the Waha Hub to its pipeline connection south of Fort Worth. Phase I completion is expected by year end 2026 to be followed by Phase II which will increase capacity to 2.2 BCFD. Jingle all the way. What do you think? Learn more about REC and our range of midstream services at https://lnkd.in/ewhkGFa. For more info about our online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.  

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‘Tis the Season for Midstream Deals and Decisions in the Permian Jingle bells are ringing this week in the Land of Oil and Gas A-plenty where midstream operators are already unwrapping holiday gifts. Reese Energy Consulting today is following the latest from the Permian, starting with Midland, Texas-based rockstars Kinetik Midstream and E&P Permian Resources. Kinetik, which in short order has become the Delaware’s largest independent gatherer and processor, operates 4,600+ miles of natural gas and crude oil pipe, and six gas plants with another under construction and another one planned. The company in 3Q reported $83.7 million in net income—a 94% increase year over year—and fattened its stake in Diamondback Energy’s EPIC crude pipeline to 27.5%. Kinetik will now further expand its “super system” in a $180 million bolt-on deal for Permian Resources’ Delaware oil and gas midstream assets. Kinetik gains 60,000 gross acres dedicated by Permian Resources under long-term, fixed-fee agreements that include 150 MMCFD and an estimated 250 MBPD next year, 250 MMCFD of compression, and natural gas processing. For its part, Permian Resources is sticking to its guns to remain the Delaware’s lowest-cost operator. This, after announcing a third consecutive increase to its full-year production targets and 160.8 MBPD announced in 3Q. Rock on, rockstars. Energy Transfer meanwhile has gifted Permian producers with a FID on the formerly named Warrior natural gas pipeline project. Now known as the Hugh Brinson, the 400-mile pipeline will flow an initial 1.5 BCFD from the Waha Hub to its pipeline connection south of Fort Worth. Phase I completion is expected by year end 2026 to be followed by Phase II which will increase capacity to 2.2 BCFD. Jingle all the way. What do you think? Learn more about REC and our range of midstream services at https://lnkd.in/ewhkGFa. For more info about our online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.  

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More Smokin’ Hot Deals to Be Had in the Lone Star State  Reese Energy Consulting today is following the latest buzz from the nation’s largest oil-producing state where the Texas horse trading continues among midstreamers and Eagle Ford producers. First up is Houston-based Phillips 66 (PSX), which operates a midstream powerhouse with 72,000 miles of crude oil, natural gas, and NGL pipelines, along with fractionation and gas processing—all of which serve its diverse business segment to include chemicals and refining. After a years’ long JV courtship, PSX last year acquired DCP Midstream for $3.8 billion to further beef up its NGL business following record fractionated volumes and growing export demand. The company will now add even more meat to its NGL bones in the Permian Midland with the pick-up of Pinnacle Midstream II LLC for $550 million. The deal includes the Dos Pico processing complex with 220 MMCFD of capacity, ample space for a second 220 MMCFD gas plant, and 80 miles of pipeline. In short order Houston-based WildFire Energy LLC has shrewdly executed its pure-play South Texas strategy to create the largest consolidated acreage position in the Eagle Ford. The company has now landed its fourth acquisition in three years, this time in a deal with Apache Corporation. The price was not disclosed but wraps up Apache’s non-core asset sale that fetched a total $750 million. Wildfire will gain 237,000 net acres, 11 MBOED, and interests in 465 wells. Pro forma, the company will operate 850,000 net acres, 50 MBOED, and more than 2,000 gross wells. What do you think? Learn more about REC and our crude oil, natural gas, and NGL consulting services at https://lnkd.in/ewhkGFa.

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Energy Transfer is yet again slaking its acquisition appetite by gobbling up another natural gas gatherer and processor to further expand its already formidable Permian footprint. The company announced May 28 that it has struck a $3.25 billion deal to buy WTG Midstream. In today’s blog, we’ll look at how the addition of WTG’s midstream holdings will enhance Energy Transfer’s asset lineup, including its ongoing NGL export and storage expansions. https://lnkd.in/gPjx6Pkf

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Diamondback Energy stands as a premier independent oil producer in the U.S., boasting prime Permian acreage across the #Midland, #Delaware, and #Central #Basin. Last year's production hit 263,000 bbl/d, with a projected 2024 full-year guidance of 275,000 bbl/d. February saw Diamondback's announcement of a $26 billion merger with Endeavor Energy Resources, LP, expanding their net #Permian acreage to 838,000 and potentially elevating combined production to 816,000 bbl/d. Don't miss this operator spotlight featuring Kaes Van't Hof, President and CFO of Diamondback Energy, where you'll gain insights on: • The Endeavor merger's strategic benefits from an insider's perspective. • Analysis of the merger's implications for Diamondback. • Diamondback's operational roadmap for 2024 and beyond. • Potential future M&A prospects. Register now to secure your spot! https://ow.ly/wjsF50R9uVa #SUPERDUG24

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With money being expensive, high ROI & IRR projects are in demand. Check out EAG's recent study on ReFracs in the Haynesville.

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Non-OPEC+ oil production is set to rise by 1M bpd in 2024 and 1.6M bpd in 2025, potentially leading to a surplus of 700,000 bpd by 2025. Brent crude prices could dip to $80/barrel. #OilMarket #OPEC #Energy

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More Smokin’ Hot Deals to Be Had in the Lone Star State Reese Energy Consulting today is following the latest buzz from the nation’s largest oil-producing state where the Texas horse trading continues among midstreamers and Eagle Ford producers. First up is Houston-based Phillips 66 (PSX), which operates a midstream powerhouse with 72,000 miles of crude oil, natural gas, and NGL pipelines, along with fractionation and gas processing—all of which serve its diverse business segment to include chemicals and refining. After a years’ long JV courtship, PSX last year acquired DCP Midstream for $3.8 billion to further beef up its NGL business following record fractionated volumes and growing export demand. The company will now add even more meat to its NGL bones in the Permian Midland with the pick-up of Pinnacle Midstream for $550 million. The deal includes the Dos Pico processing complex with 220 MMCFD of capacity, ample space for a second 220 MMCFD gas plant, and 80 miles of pipeline. In short order Houston-based WildFire Energy LLC has shrewdly executed its pure-play South Texas strategy to create the largest consolidated acreage position in the Eagle Ford. The company has now landed its fourth acquisition in three years, this time in a deal with Apache Corporation. The price was not disclosed but wraps up Apache’s non-core asset sale that fetched a total $750 million. Wildfire will gain 237,000 net acres, 11 MBOED, and interests in 465 wells. Pro forma, the company will operate 850,000 net acres, 50 MBOED, and more than 2,000 gross wells. What do you think? Learn more about REC and our crude oil, natural gas, and NGL consulting services at https://lnkd.in/ebXT2mS. #energy #midstream #naturalgas #ngls #gasprocessing #reeseenergyconsulting

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📊 Exciting times in the US shale industry! The Permian Basin remains the focal point for M&A activity, driving productivity gains and strategic consolidations. From upstream to midstream, companies are optimizing operations, achieving scale, and expanding their footprint. Read more on the latest trends and key deals. #Energy #MergersAndAcquisitions #OilAndGas #ShaleIndustry

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DT Midstream, an owner, operator and developer of natural gas interstate and intrastate pipelines, agreed to acquire three FERC-regulated natural gas transmission pipelines from ONEOK, a midstream service provider that gathers, processes, transports, and stores natural gas and natural gas liquids, for $1.2bn. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh “Expanding our scale through this bolt-on natural gas pipeline acquisition fully aligns with our pure play natural gas strategy. This transaction also increases the revenue contribution from our pipeline segment, supported by take-or-pay contracts with strong credit quality utility customers. We look forward to welcoming the team members that support these premier assets, both in field operations and in DT Midstream’s new Tulsa office,” David Slater, DT Midstream President and CEO. DT Midstream (led by Jeff Jewell and David Slater) is advised by Barclays and Weil, Gotshal & Manges LLP (led by Omar Samji). Debt financing is provided by Barclays. #MergersAcquisitionsDivestitures #Energy #OilandGas

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Honored to be quoted in Bob Campbell's latest article in the Odessa American, which highlights the pivotal roles that service companies play in driving the oil and natural gas industry’s innovation and efficiency—enabling the sector to thrive. Their contributions are key to the evolving energy landscape and serve as primary drivers of energy abundance. If you’re curious about how service companies keep the industry running, please check out the article! #EnergyIndustry #ServiceCompanies #Innovation #OilAndGas #IndustryLeadership

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Reese Energy Consulting Partners with Houston-based Midstream Holdings Big news happening today in Reese Land. Let us know your thoughts. Edmond, Oklahoma, October 2024 – Reese Energy Consulting (REC) is partnering with Midstream Holdings (MH) to bring MH’s revolutionary midstream asset listing platform to the market. Buyers and sellers in the broader U.S. market will have a new alternative to improve operations, as opposed to the limited visibility available in the standard A&D process. REC’s years of experience supporting energy companies complements Midstream Holdings’ new offering for listing assets outside of the owner/operator’s core business focus. The partnership will streamline the delivery of the innovative platform to the marketplace, opening up more opportunities for operators and stakeholders to enhance productivity. The new offering comes at an opportune time—recent megamergers in the midstream industry mean many non-core physical assets will soon be hitting the market. Midstream Holdings provides access to these opportunities for smaller, more regional operators looking to buy or sell. Steve Reese, President of REC, said about the platform: “Midstream Holdings offers a valuable opportunity to list and find assets, matching the right systems with the right buyers. This accessible platform will provide a much-needed alternative to the market and optimize operations for both buyers and sellers.” To see all available listings or list a non-core asset, create a free account at midstream-holdings.com. Reese Energy Consulting (REC) works with independent oil and gas producers, midstream firms, LNG companies, and end-users across all major producing basins and markets in the U.S. REC is composed of a tight team of industry experts that have a single focus on optimizing the valuable fuels that clients produce, transport, market, and export. Contact the team at https://lnkd.in/ebXT2mS. Midstream Holdings increases M&A transaction value and efficiency by introducing an expanded network that includes operators and private equity groups. With an account on the Midstream Holdings platform, asset owners and buyers see a return on capital, reduced liability, increased market access, and more. Contact the team at www.Midstream-Holdings.com. #midstream #pipelines #gasprocessing #acquisitions #reeseenergyconsulting #midstreamHoldings

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The Uinta Basin is no Permian when it comes to drilling activity and production volumes, but the folks behind what may be the biggest M&A deal in Uinta history say the oil-production economics parts of the northeastern Utah play compare very favorably with the best of the Permian’s Delaware and Midland basins. In today’s blog, we discuss the plan by SM Energy and non-op specialist Northern Oil & Gas to acquire XCL Resources in a pair of deals valued at $2.55 billion. https://lnkd.in/gi5pSEJp

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The Permian Basin has seen tremendous growth over the last decade, and with a strong increase in the oil & gas industry, the introduction of data centers and other sources of load growth, regulators are expecting to increase power demand by 26GW by the year 2038. That’s nearly a third of today’s demand across all of ERCOT’s territory. Additional electrification projects are part of the plan Texas regulators approved last week, including new transmission projects and even a consideration for the first 765-kV lines built in Texas. Telecommunications systems will be a critical component in support of the rapid growth, ensuring that the electric grid continues to increase reliability for the region.

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Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. #oil #gas #mergers #acquisitions #energy https://ow.ly/1ZHJ50SbeR4

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Gas glut: Near-record associated gas volumes from the Permian and Bakken continue to put pressure on dry gas producers, which are curtailing output and cutting rigs across Appalachia and the Haynesville Shale.

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