CSV Midstream Solutions’ Post

We're almost half full and only 2 weeks away! I'm excited to share a powerful strategy 99% of O&G service businesses have never seen. Grab a spot in the comments! P.S. This is NOT a 90 min sales pitch. It's a bona fide, action packed training to help you make more $$$. I hope to see you there! I'm on the journey of growing my O&G connections so please share this if you can 💪 👋👋👋 Hey I’m Rick and I’ve been in the oilfield. I’ve worked rig moves, supported midstream engineering staffs and had countless roles in the pumping unit servicing business. I’ve been around Oil and Gas the majority of my career and I’ve picked up on a dire need: Better marketing for oil and gas service companies. If you’re over wasting money on marketing and ready for a strategy that works, shoot me a DM. #OFS #oilfield #oilfieldservice #permian #permianbasin #Midland #odessa #drilling #fracking #wireline #completions #midstream

Natural Gas Conundrums Play Heavy on 1Q Earnings Reports Is that confetti raining from the sky? No, that would be a blizzard of 1Q earnings reports from our oil and gas producer friends commiserating sub-zero natural gas prices, and our midstream friends largely making hay. Associated gas in the Permian has become a huge pain in the arse for producers that’s not only costing them for takeaway, but the pipeline capacity to get that flow out of the basin is growing tighter than an Arkansas tick after a blood supper. For most midstreamers, it’s a whole other ballgame. Reese Energy Consulting today has selected two reports for cussin’ and discussin’ because we’re too darn busy with audits to sift through them all. On the producer side, we send a whoop and holler to Minn-based NOG, the nation’s largest non-operated E&P that continues to work magic in the Permian, Williston, and Marcellus. After two acquisitions last year, the company expanded its Delaware position to 40,000 acres—crowning it the largest asset—and bringing cupcakes to its entry in the Ohio Utica. NOG posted 1Q record production of 120 MBOED with oil and gas sales of $532 million. On the midstream side, we send a shoutout to Tulsa-based ONEOK, which last year combined its expansive natural gas bones with downtown neighbor Magellan Midstream Partners and its massive crude oil and refined products pipeline network. Magellan owns the nation’s largest refined products pipeline extending 9,800 miles from the Texas Gulf across 15 states. Now a year into the acquisition, ONEOK continues to integrate its $18.8 billion baby while reporting 1Q adjusted EBITDA of $1.44 billion and a $70 million increase to its 2024 net income guidance to a range of $2.73 billion to $3.03 billion. This, largely due to increased volumes of natural gas and NGLs. What do you think? Learn more about REC and our producer and midstream consulting services at https://lnkd.in/ebXT2mS. #energy #midstream #naturalgas #mergersandacquisitions #reeseenergyconsulting

Midstream Players Ride a Volume Wave Ahh, it’s quarterly report card season again. A time to share the fruits of strategy, labor, and investments over a three-month gestation that gives financial analysts a purpose in life. For the nation’s larger midstreamers sharing their recent reports, a solid A+ grade seems fitting along with a standing ovation. But with so many reports hitting the news blotter and so finite character space to cover them all, Reese Energy Consulting today, alas, must narrow our selection coverage. Let’s start with Energy Transfer, which has produced a 4Q video presentation that lacks nothing more than Tom Cruise riding a drone. ETC, which operates 125,000+ miles of pipelines across 44 states in every major basin, reported $1.33 billion in net income, an increase of $172 million in the same period last year, primarily due to its NGL pipeline, fractionation, and export volumes. And it’s teasing more acquisitions yet to come after last year’s $7.1 billion merger with Crestwood Midstream Partners LP, which muscled up ETC’s gathering and processing prowess in the Permian Delaware, Williston, and Powder River. Now to Targa Resources, which is seriously kickin’ butt in the Permian with record volumes of natural gas flows, NGL processing, and LPG exports. The company reported 4Q adjusted EBITDA of $959.9 million, a 14% increase compared to the quarter before, and continues its fury midstream buildout in the Delaware and Midland with the latest completion of the Wildcat II gas plant with 275 MMCFD of capacity. The year ahead looks blinding bright for our pipe and processing friends, and in we’re on for the ride. What do you think? Learn more about REC and our natural gas marketing and midstream consulting services at https://lnkd.in/ebXT2mS. #energy #midstream #gasprocessing #naturalgas #earnings #reeseenergyconsulting

🌟 Are you ready to make the most of Q2? Still waiting to hire your new staff? 🌟 As we dive into the second quarter, many organizations find themselves reassessing their strategies and resource needs. Planned hiring may not have gone as smoothly as anticipated, leaving gaps in expertise and manpower. That's where we come in! At Rock Hill Resources, we specialize in providing comprehensive support for prospect mapping, evaluation, opportunity assessment, and portfolio management. Our team of seasoned geoscientists brings more than 30 years of industry experience and expertise to the table, helping your organization navigate the complexities of resource exploration and development. Whether you're a small exploration and production company looking to expand your portfolio or a major player in need of temporary support for ongoing projects, we've got you covered. Our flexible consulting services are tailored to meet your specific needs and timelines, ensuring seamless integration with your existing team and operations. Don't let staffing challenges hold you back this quarter. Partner with Rock Hill Resources and unlock the full potential of your exploration and development projects. Reach out to us today to learn more about how we can support your success in Q2 and beyond! www.rockhillresources.com #Geoscience #Consulting #ProspectMapping #OpportunityEvaluation #PortfolioManagement #Q2Success #ResourceExploration #IndustryExperts

NEW LISTING: Eagle River Energy Advisors, LLC has been exclusively retained by White Rock Oil & Gas, LLC (“Seller”) to divest certain leasehold assets in Montana. The assets provide the opportunity to acquire ~1,500 Net Acres of HBP-ed leasehold across Roosevelt and Richland Counties on the Montana side of the Williston Basin. The assets are primarily operated by top tier Williston Basin operators Chord and Kraken and are estimated to have 65 Middle Bakken PUD Locations across 20 DSUs. Single well drilling economics of the Middle Bakken PUD locations are compelling with a 78% IRR / 3.2x ROI for 2-mile laterals and 90% IRR/ 3.8x ROI for 3-mile laterals. Lastly, the seller is excluding its existing PDP wellbores from this sale. Bids for the Acquisition Opportunities with White Rock Oil & Gas, LLC referenced in this press release are due April 26, 2024. Contact the Eagle River Energy Advisors, LLC team to learn more. #willistonbasin #oilandgas

Diversified Energy’s Secret Sauce Looking to offload those lower-producing conventional gas wells? Say you’ve gotta whole gob of ‘em ready to put out to pasture? Diversified Energy Company has an app for that. Not of the software kind but the business model kind which, (forgive the shameless Beatles reference) takes a sad song and makes it better by acquiring and resuscitating mature wells that still hold another 40-50 years of life. That model—no drilling, no fracking—has led to DEC owning the nation’s largest number of gas wells. More than 70,000. More than ExxonMobil and Chevron. Reese Energy Consulting today is following the latest from Ala.-based Diversified, the largest conventional gas producer across Appalachia, which two years ago this month took its playbook into the Haynesville, Cotton Valley, Barnett, Anadarko, and Eagle Ford. Fertile terrain, where producers are also more fixed on their fracked wells. The shale revolution has given rise to all this lost love, of course. In fact, jumpstarted DEC back in 2001 as more E&Ps began to turn their nose up at traditional oil and gas wells to produce higher volumes. Helmed by founder and CEO Rusty Hutson, Diversified requires acquisitions to replenish inventory. It’s the essential ingredient of the company’s secret sauce to invest in low-risk, low-cost, long-life assets and squeeze every hydrocarbon molecule out of them. After conquering Appalachia and moving south, DEC has now found its latest prize again in East Texas, where it has executed a conditional purchase and sales agreement with Crescent Pass Energy for $106 million. The deal includes 170,000 acres, 827 wells, and 38 MMCFD with annual declines of 9%. Rock on, Rusty. What do you think? Learn more about REC and our natural gas marketing and midstream consulting services at https://lnkd.in/ewhkGFa. For more information about out online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.   

NEW! Our First Quarter Financials are Live! Major highlights include: 🦋 Generated NOI of $23.4 million 🦋 Reduced Operating Costs by 23% year over year to $51.5 million due, in part, to successful cost reduction initiatives in our field operations and processing facilities. 🦋 Tied-in new third-party production to our Caroline gas gathering system, delivering long-term incremental processing and marketing revenue from a producer actively drilling within the capture area of the Caroline facility. “We have put up a solid quarter from a cash flow perspective thanks to both our relentless focus on improving cost structure and our hedging program, despite very low AECO gas prices and lower than anticipated March production from an unplanned outage at our Jumping Pound gas plant. We expect to see growth in our midstream revenue as we continue to attract new raw gas volumes from third party producers actively drilling in the vicinity of our Caroline gas gathering system and deep cut gas plant.” – Darcy Reding, CEO The full highlights, consolidated results, outlook and hedge position are on our website: https://lnkd.in/g2bRFqv7 Join us this afternoon at 1:30 p.m. MDT as we discuss the results following the formal business conducted at the Annual General Meeting. To participate, please register online - use the link above. #PieridaeEnergy #FinancialResults #Q1 #AlbertaEnergy

New Midstreamers Stake Claims Along the Oil and Gas Coast That Never Sleeps Following its analysis through the end of August, our friends at Rystad Energy today reports U.S. oil and gas M&A this year could surpass the $155 billion chalked up in 2023. With $100 billion already on the books in 2024, and another $46 billion in assets currently up for sale, buyers and sellers still have one-third of a year to make their final selections and bring them to the checkout counter. Within one week bridging the Labor Day holiday, two midstream operators have put their choices on the conveyor belt. Reese Energy Consulting is following the latest M&A news, starting with Voyager Midstream which just landed its first acquisition—this one, in the Haynesville stretching from Texas to La. The start-up, formed a year ago, set up offices in Houston and Midland where each company principal calls home, then set out shopping with an initial focus on the Permian. Then, a Phillips 66 divestiture plan happened along with the perfect asset up for grabs and an opportunity Voyager couldn’t resist. For an undisclosed price rumored to be ~$200 million, Voyager is now set to sail with 550 miles of gathering pipe, 400 MCFD of cryogenic gas processing capacity, and 12 MBPD of fractionation capacity. But there’s more in this deal to include the Carthage trading and delivery hub that offers a series of intrastate pipelines to multiple markets south and northeast, including Gulf Coast LNG centers in Texas and La. Speaking of firsts and the Gulf Coast, Houston-based Edgewater Midstream has found a diamond girl in the form of Shell’s Sinco refined products pipeline system in the Houston refining corridor for an undisclosed price. The Sinco system is comprised of a series of intrastate refined products pipe and the Colex East and West terminals connecting to the Deer Park Refinery. What do you think? Learn more about REC and our midstream consulting services at https://lnkd.in/ebXT2mS. For more information about our online natural gas training courses, visit us at https://lnkd.in/g_jDyx_Y. #energy #midstream #ngls #pipelines #naturalgas #reeseenergyconsulting

Diversified Energy’s Secret Sauce Looking to offload those lower-producing conventional gas wells? Say you’ve gotta whole gob of ‘em ready to put out to pasture? Diversified Energy Company has an app for that. Not of the software kind but the business model kind which, (forgive the shameless Beatles reference) takes a sad song and makes it better by acquiring and resuscitating mature wells that still hold another 40-50 years of life. That model—no drilling, no fracking—has led to DEC owning the nation’s largest number of gas wells. More than 70,000. More than ExxonMobil and Chevron. Reese Energy Consulting today is following the latest from Ala.-based Diversified, the largest conventional gas producer across Appalachia, which two years ago this month took its playbook into the Haynesville, Cotton Valley, Barnett, Anadarko, and Eagle Ford. Fertile terrain, where producers are also more fixed on their fracked wells. The shale revolution has given rise to all this lost love, of course. In fact, jumpstarted DEC back in 2001 as more E&Ps began to turn their nose up at traditional oil and gas wells to produce higher volumes. Helmed by founder and CEO Rusty Hutson, Diversified requires acquisitions to replenish inventory. It’s the essential ingredient of the company’s secret sauce to invest in low-risk, low-cost, long-life assets and squeeze every hydrocarbon molecule out of them. After conquering Appalachia and moving south, DEC has now found its latest prize again in East Texas, where it has executed a conditional purchase and sales agreement with Crescent Pass Energy for $106 million. The deal includes 170,000 acres, 827 wells, and 38 MMCFD with annual declines of 9%. Rock on, Rusty. What do you think? Learn more about REC and our natural gas marketing and midstream consulting services at https://lnkd.in/ewhkGFa. For more information about out online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.   

New Midstreamers Stake Claims Along the Oil and Gas Coast That Never Sleeps Following its analysis through the end of August, our friends at Rystad Energy today reports U.S. oil and gas M&A this year could surpass the $155 billion chalked up in 2023. With $100 billion already on the books in 2024, and another $46 billion in assets currently up for sale, buyers and sellers still have one-third of a year to make their final selections and bring them to the checkout counter. Within one week bridging the Labor Day holiday, two midstream operators have put their choices on the conveyor belt.   Reese Energy Consulting is following the latest M&A news, starting with Voyager Midstream which just landed its first acquisition—this one, in the Haynesville stretching from Texas to La. The start-up, formed a year ago, set up offices in Houston and Midland where the two principals each call home, then set out shopping with an initial focus on the Permian. Then, a Phillips 66 divestiture plan happened along with the perfect asset up for grabs and an opportunity Voyager couldn’t resist. For an undisclosed price rumored to be ~$200 million, Voyager is now set to sail with 550 miles of gathering pipe, 400 MCFD of cryogenic gas processing capacity, and 12 MBPD of fractionation capacity. But there’s more in this deal to include the Carthage trading and delivery hub that offers a series of intrastate pipelines to multiple markets south and northeast, including Gulf Coast LNG centers in Texas and La. Speaking of firsts and the Gulf Coast, Houston-based Edgewater Midstream has found a diamond girl in the form of Shell’s Sinco refined products pipeline system in the Houston refining corridor for an undisclosed price. The Sinco system is comprised of a series of intrastate refined products pipe and the Colex East and West terminals connecting to the Deer Park Refinery. What do you think? Learn more about REC and our midstream consulting services at https://lnkd.in/ewhkGFa. For more information about our online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.