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The light, sweet crude oil price for September rallied by more than $1/bbl on the New York market Aug. 3 after the US Energy Information Administration reported a larger-than-expected drop in US gasoline supplies.

A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC and an affiliate of NGP Natural Resources XI LP have formed a strategic joint venture to operate and expand midstream assets for natural gas, NGLs, and crude oil in the liquids-rich Delaware basin.

EagleClaw Midstream Ventures LLC, Midland, Tex., has entered a deal to acquire Houston-based PennTex Midstream Partners LLC subsidiary PennTex Permian LLC as part of an ongoing strategy to expand gathering, compression, treating, processing, and transportation services for producers in the Permian’s Delaware basin.

MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the Dakota Access pipeline and the Energy Transfer Crude Oil (ETCO) pipeline.

Iranian cabinet ministers have approved a model contract under which non-Iranian companies might participate in oil and gas exploration and development.


“It’s a huge, positive step for the project. It’s also an endorsement of some of the things that we believe, that t… https://t.co/AKdMpW2j7s

RT @APIenergy: Thriving U.S. shale production will reshape global energy markets in the years to come, bolstering the country’s influence o…

RT @EnergySure: Stay up to date and voice your opinions in support of the ACP and reliable American energy. Join the EnergySure coalition t…