Permian

U.S. natural gas prices at the Waha Hub in the Permian Basin dropped into negative territory as pipeline maintenance and capacity limits trapped supply. Analysts warn that more pipeline infrastructure is needed, with new projects not expected online until 2026.

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.

Direct Midstream has selected SitePro as its exclusive automation provider, rolling out advanced control systems across 15 saltwater disposal facilities in the Permian Basin.

Targa Resources has opened a non-binding open season for its proposed Forza Pipeline, a 36-mile, 36-inch gas transmission project in the Delaware Basin. The line would deliver 750,000 Dth/d to the Waha Hub by 2028.

Plains All American will acquire a 55% stake in the 800-mile EPIC Crude Pipeline for $1.57 billion, expanding its Permian and Eagle Ford network to Corpus Christi and boosting its Gulf Coast export position.

Enbridge has approved its $300 million AGT Enhancement project to boost natural gas deliveries to the U.S. Northeast by 2029, while also confirming progress on the Eiger Express pipeline from the Permian Basin.

Brazos Midstream will invest $185 million to build a new 300 MMcf/d gas processing plant in Martin County, Texas, doubling its Midland Basin capacity to 500 MMcf/d. The expansion underscores the Permian Basin’s role as a cornerstone of U.S. natural gas supply.

Crescent Energy will acquire Vital Energy in a $3.1 billion all-stock deal, creating a top-10 independent oil and gas producer with assets across the Permian, Eagle Ford and Uinta basins.

AMIGO LNG has awarded Drydocks World the EPC contract for a 4.2 MTPA floating LNG facility, set to be the world’s largest FLNG project and a key export hub for Permian gas to Asia and Latin America.

The 450-mile Eiger Express Pipeline receives final investment decision to transport 2.5 Bcf/d of Permian Basin natural gas to Gulf Coast markets by mid-2028.

U.S. LNG exports are projected to nearly double to 21.5 Bcf/d by 2030, boosting shale gas output in the Haynesville, Permian, and Appalachia. Analysts say new pipelines and terminals will be key to meeting surging global demand.

Vantage Data Centers will invest $25 billion to build its largest campus in Texas, a 1.4GW “Frontier” development aimed at supporting AI infrastructure. The project will create thousands of jobs and deliver advanced sustainable design features.

Matterhorn Express is now fully subscribed after Permian producers expanded contracts in Q1 2025, according to East Daley Analytics. With new compression on the way, demand for the added pipeline capacity is expected to remain strong.

Targa Resources reported an 18% jump in quarterly profit, fueled by record natural gas and NGL volumes, and expanded its share repurchase program by $1 billion. The gains come as U.S. energy demand surges, driven by data centers and domestic consumption.

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.