Marathon Oil, Valero: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
Marathon Oil Expands South Texas Position with Ensign Buy - Marathon Oil Corporation (NYSE:MRO) (Houston, Texas) said on Wednesday it had struck a deal to buy natural gas-focused assets from private equity-backed Ensign Natural Resources (Houston) for $3 billion in cash, nearly doubling its position in South Texas' Eagle Ford Shale. Ensign owns and operates 130,000 net acres with estimated fourth-quarter 2022 production at 67,000 barrels of oil equivalent per day, mostly in the form of condensate, wet and dry gas. (Reuters)

NATURAL GAS
U.S. Sees Big Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said U.S. utilities added 107 billion cubic feet (Bcf) of gas to storage during the week ending October 28. That compares with an increase of 66 Bcf in the same week last year and a five-year (2017-2021) average increase of 45 Bcf. (Reuters)

REFINING
Valero Says No Injuries in Corpus Christi Refinery Fire - No injuries were reported after a fire on Thursday morning at Valero Energy Corporation's (NYSE:VLO) (San Antonio, Texas) Corpus Christi, Texas, refinery, a company spokesperson said. "No injuries have occurred, and the fire has been contained," said Valero spokesperson Lillian Riojas. "Air monitoring is being conducted and there are no issues of concern." Riojas offered no details about units at the refinery affected by the fire. (Reuters)

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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 leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).