The Permian Strategic Partnership (PSP) added midstream companies Targa Resources and Western Midstream as its 26th and 27th members, the PSP announced Nov. 9.
Since 2019, the PSP has remained dedicated to the Permian Basin, committing over $150 million in member company contributions through public and private partnerships—leveraging more than $1 billion in transformative investments.
According to the company, these efforts have impacted the region’s public schools, healthcare systems, road safety and infrastructure and workforce development opportunities.
“With their expertise and resources, we are positioned to continue to drive innovation through our transformational initiatives that will continue to improve the overall quality of life for the communities within the region," said Tracee Bentley, president and CEO of the PSP.
Recommended Reading
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”