Howard Energy proposes gas pipeline to Mexico
Howard Midstream Energy Partners LLC plans to develop a 200-mile, 30-in. OD natural gas pipeline connecting its existing Webb County Hub in South Texas to Escobedo, Nuevo Leon, Mexico, and the Mexican National Pipeline System in Monterrey.
The Nueva Era pipeline will be developed in conjunction with Howard Energy's Mexican partner and provide transportation service for as much as 600 MMcfd of gas, connecting Eagle Ford shale producers in South Texas directly with Mexico. It's expected to be in-service July 2017.
The company accepted nonbinding indications of interest for hub and transportation services on the Nueva Era system until July 17.
Lucas terminates merger with Victory Energy
Lucas Energy Inc. of Houston and Victory Energy Corp. of Austin have terminated their merger plans as announced earlier this year.
On June 30, Lucas announced a settlement agreement and mutual release was reached with Victory that released the companies from pre-merger funding arrangements.
"While disappointed that we will not be moving forward with the business combination, we have reached out to known parties in an effort to revisit transactions that were abandoned after the oil price collapse," said Anthony C. Schnur, Lucas chief executive officer.
He said reduced drilling costs significantly improved the economics of Eagle Ford shale development wells.
"We will continue to discuss potential business combinations or financing ventures that are a fit with our company and potentially less dilutive to our shareholders," Schnur said.
SandRidge appoints senior vice-president, production
SandRidge Energy Inc. appointed John Suter as senior vice-president of production. He most recently worked at American Energy Partners LP as vice-president of the Woodford business unit.
Previously, Suter was vice-president of operations for Chesapeake's Western Division, which included the Eagle Ford, Permian, and Rockies.
While at Chesapeake, he also served as the district manager for the Barnett shale and South Oklahoma assets. Previously, Suter worked for Continental Resources Inc., Cabot Oil & Gas Corp., and Petro-Lewis Corp.
Frac-sand unit train reaches Eagle Ford
Twin Eagle Sand Logistics LLC of Houston reported a 140-car unit train loaded with fracturing sand arrived at the Mission Rail Terminal in Elmendorf, Tex., to serve oil and gas companies in the South Texas Eagle Ford shale.
It was the largest frac-sand unit train handled to date by Union Pacific Railway, Twin Eagle Sand said on July 6. Four diesel engines pulled the train, which was almost 1.5 miles long.
"The sand intensity of today's wells continues to rise materially with some requiring upwards of 80 rail cars of sand or more," said Griff Jones, Twin Eagle's chief executive officer.
He said rail terminals for frac sand helps customers manage logistics and reduce supply-chain costs.
Twin Eagle, a third-party frac-sand terminal developer, also operates terminals in Evans, Colo., to supply customers in the Denver-Julesburg basin, and in Douglas, Wyo., to serve the Powder River basin.
A terminal near Big Springs, Tex., was under development.
