Kinetik shut in about 170 MMcf/d of Permian natural gas production due to low Waha prices during Q1 2026, which was more than offset by “spread-based marketing gains” which helped it post a record quarterly EBITDA of $251 million, the company said during its earnings call this week.
Houston and Corpus Christi have been locked in a battle for the top spot as the primary outlet for Permian crude. Lately, the pendulum has been swinging toward Corpus — and not by accident.
Plains All American’s Basin Pipeline and the complementary Sunrise Pipeline play major roles in moving Permian crude to Cushing, OK, the delivery point for the U.S. benchmark and a key storage hub. In today’s RBN blog, we’ll dig into why the pipes are so important to the Permian, Plains and Cushing.
Houston and Corpus Christi have been locked in a battle for the top spot as the primary outlet for Permian crude. Lately, the pendulum has been swinging toward Corpus — and not by accident.
On Monday, November 24, WhiteWater announced the expansion of the Eiger Express Pipeline's mainline capacity from 2.5 Bcf/d to 3.7 Bcf/d.
Kinetik achieved full commercial in-service at its Kings Landing natural gas processing complex in late September, adding 220 MMcf/d of gas processing capacity in Eddy County, NM, the company said in its quarterly earnings call November 5.
Diamondback Energy is holding oil production flat through the end of 2025, citing an uncertain crude market and confidence in its low-cost Midland Basin inventory. The company continues to drive efficiency gains, cutting well costs back to 2020 levels and accelerating completions with its new “continuous pumping” technique. At the same time, Diamondback is reducing its exposure to Waha-indexed gas prices by adding new pipeline capacity and exploring in-basin power projects that would create new demand for its natural gas.
SM Energy (SM) and Civitas Resources are joining forces in a $12.8 billion merger set to close in Q1 2026.
ARM Energy Holdings has reached a final investment decision for the 2.5-Bcf/d Mustang Express Pipeline, which will support Sempra Infrastructure’s Port Arthur LNG Phase 2, the latest of several major LNG projects in the Sabine River area to reach FID. The pipeline is intended to act as a regional header system with a route designed to offer maximum optionality and connectivity. In today’s RBN blog, we’ll discuss what the pipeline could mean for regional gas flows.
Crude oil producers in the prolific Permian Basin have plenty of options to move their barrels, especially since pipeline capacity currently exceeds production, but not every route out of the basin is equal. One of the hottest destinations for Permian crude is Houston, which boasts an attractive mix of refining and export demand. In today’s RBN blog, we look at the pipelines that transport Permian crude to Houston, discuss why it’s such a vital spot, and preview our latest Drill Down Report.
