Houston-based NextDecade Corp. (Nasdaq: NEXT) has reached a deal to sell its Rio Bravo Pipeline Company LLC to Canada-based midstream giant Enbridge Inc. (NYSE: ENB) for up to $25 million in cash. The proposed Rio Bravo Pipeline would transport 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to NextDecade’s proposed Rio […]
U.S. shale oil company BPX Energy will be generating $1 billion in annual cash flow next year for its parent company, BP Group PLC, and it easily surpassed the $90 million synergies expected after its $10.3 billion acquisition of Texas oil field assets. BP (NYSE: BP) outlined the 2019 results of BPX Energy as part of London-based […]
One of the big three credit ratings agencies reported a downward trend in the ratings of oil and gas companies throughout 2019 — and it reached a fever pitch during the fourth quarter. Read more about that and other data points to know in Texas energy this week. Credit ratings Moody’s Corp., one of the […]