ExxonMobil, EnLink Midstream: Your Daily Energy News

---

Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
ExxonMobil Sells North Texas Assets - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) on Thursday said it signed a deal to sell North Texas natural gas properties to producer BKV Corporation (Denver, Colorado) for $750 million, as part of a wider move to shed unwanted assets. (Reuters)

PIPELINES
EnLink Moves Forward with Permian Natural Gas Pipeline Project - EnLink Midstream LLC (NYSE:ENLC) (Dallas, Texas) on Thursday said it would move forward with the construction of a Permian-to-Houston natural gas pipeline after the company secured sufficient transportation agreements with shippers. The Matterhorn Express Pipeline is designed to transport up to 2.5 billion cubic feet per day of natural gas through about 490 miles from Waha, Texas, to near Houston, with supply sourced from connections in the Permian Basin. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can click here for the related reports. (Reuters)

PRODUCTION
U.S. Drillers Add Rigs - The U.S. oil and gas rig count rose 14 to 728 in the week ending May 20, its highest since March 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose 13 to 576, their highest since March 2020, while gas rigs gained one to 150, their highest since September 2019. (Reuters)

.....

About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.