Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day (Dth/d) of capacity on the pipeline.
The approximately $2 billion PHP Project will provide an outlet for increased natural gas production. READ MORESHARE
A survey of the logistics and transportation industry conducted last month by TCompanies shows a high level of optimism about the U.S. economy. Inflation and workforce shortages are viewed as potential concerns by survey respondents. READ MORESHARE
When Ajax Resources acquired assets located in the northern Midland Basin three years ago, most observers thought the acreage was along the northernmost edge of the basin and had only one prospective zone. READ MORESHARE
For the full-year, the company will continue to operate 20 rigs before adding at least another four, next year. Roughly 275 wells will be completed and placed on production this year, according to the company. READ MORESHARE