MARKET WATCH: Crude oil prices gain on steep drop in US oil supplies

The light, sweet crude oil price for August delivery jumped by more than $2/bbl for a second consecutive day to settle above $72/bbl on the New York market June 27 while Brent crude climbed by more than $1/bbl to settle above $77/bbl.  Source: News


EnLink to build Delaware basin crude oil gathering system

EnLink Midstream will construct a crude oil gathering system in the northern Delaware basin. Initial operations for the Avenger Crude Oil Gathering System are expected to begin in this year’s third quarter with full-service operations beginning during first-quarter 2019. Source: News


Gas processing plant planned for DJ basin

Discovery DJ Services LLC, the operating company of Discovery Midstream Partners, Dallas, has let a contract to BCCK Holding Co., Midland, Tex., to deliver engineering, procurement, and construction for a 225-MMcfd cryogenic gas processing plant in Weld County, Colo.   Source: News