Three Wells Coming Off Confidential List Today -- August 18, 2023

 Locator: 45506B.

WTI: $80.09.

Sunday, August 20, 2023: 38 for the month; 240 for the quarter, 485 for the year
39450, conf, CLR, Edward 10-23H,
38995, conf, Hess, TI-Stenback-158-95-2526H-10,
38904, conf, Enerplus, MC-Kudrna 144-95-10-3-3H,

Saturday, August 19, 2023: 35 for the month; 237 for the quarter, 482 for the year
None.

Friday, August 18, 2023: 35 for the month; 237 for the quarter, 482 for the year
39555, conf, Neptune Operating, Gibbins 11-2 2H,
39451, conf, CLR, Edward 11-23H1,
37881, conf, BR, Kermit 1-8-32UTFH,

RBN Energy: Energy Transfer continues its expansion with Crestwood deal. Archived.

Over the past four years, Energy Transfer (ET) has completed several major acquisitions, all aimed at giving the company the additional size and reach it will need to compete in an increasingly consolidated midstream sector. On Wednesday, ET announced one of its biggest purchases yet: a $7.1 billion deal to acquire Crestwood Equity Partners, which has extensive gathering and processing assets in the Permian, Powder River and Williston basins, as well as NGL terminal and storage facilities east of the Mississippi. In today’s RBN blog, we look at how the addition of Crestwood’s holdings will extend ET’s value chain and complement its fractionation assets at Mont Belvieu and its export capabilities at both its Nederland and Marcus Hook terminals.

Dallas-based Energy Transfer has been on an M&A roll for a while now, and the big chunks of processing plants, pipelines and other midstream assets it’s been acquiring have been coalescing into what seems like a very logical whole. We’ll get to ET’s big-picture plan in a moment.