More Unconventional News

AMP acquires Costar Midstream for $470 million

Oct 15, 2014

American Midstream Partners LP (AMP), Denver, has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 million. The deal closed Oct. 14.

Mountaineer Keystone adds Marcellus assets

Oct 15, 2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

Study: EPA overlooks large methane sources

Oct 14, 2014

Methane inventories by the US Environmental Protection Agency, which underlie efforts to regulate emissions from hydraulic fracturing and other oil and gas work, overlook other, potentially larger sources of the greenhouse gas, a study by Los Alamos National Laboratory (LANL) suggests.

Exterran joins Woodford Express to build Oklahoma gas plant

Oct 14, 2014

Exterran Holdings, Houston, will join Woodford Express LLC, a subsidiary of Xplorer Midstream LLC, Oklahoma City, to build a 210-MMcfd natural gas processing plant at Woodford’s Grady County gas processing site in the south-central Oklahoma Oil Province shale play.

Daybreak advances Kentucky, California operations

Oct 13, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

Groups sue to block California refinery expansion

Oct 10, 2014

Environmental groups have petitioned a California superior court to stop Alon USA Energy Inc. from moving forward with a plan to expand existing receiving and processing options for North American shale light crude oils at its 70,000-b/d Bakersfield refinery.

BHI: Permian drives gains in weekly, yearly US rig count

Oct 10, 2014

The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian basin, Baker Hughes Inc. reported.

Meritage starts up gas plant to serve Powder River producers

Oct 9, 2014

Meritage Midstream Services II LLC, Denver, has started up a natural gas processing plant in Campbell Country, Wyo., to handle production from the Powder River basin.

Ember to acquire Clearwater assets for $605 Million (Can.)

Oct 8, 2014

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

Targa Resources adding processing for Permian, Williston production

Oct 8, 2014

Targa Resources Partners LP, Houston, will expand its natural gas gathering and processing capabilities in the Permian and Williston basins, the company has announced.

Williams CEO details regulatory hurdles, growth strategy

Oct 7, 2014

Crude oil and natural gas pipeline systems in the US are growing at a very rapid pace as new infrastructure is introduced in an effort to optimize utilization of shale resources. Williams Cos., Tulsa, is an active participant in this growth. Pres. and Chief Executive Officer Alan Armstrong talked with Oil & Gas Journal regarding regulation’s role in this process and Williams’s growth plans during the International Pipeline Conference last week in Calgary.

US refiners could process more light tight crudes, study finds

Oct 6, 2014

US refiners will have the capacity by 2020 to process 3.1-4.3 million b/d more of light, tight crude oil (LTC) than in fourth-quarter 2013, according to a Baker & O’Brien Inc. study commissioned by Consumers & Refiners United for Domestic Energy (CRUDE).

KKR, FDL to acquire Permian properties

Oct 6, 2014

A partnership of KKR Natural Resources (KKR) and Fleur de Lis Energy (FDL), Dallas, has agreed to acquire certain oil and gas properties in Ector and Midland Counties in West Texas’s Permian basin from Linn Energy LLC for $350 million. The deal is expected to close in the fourth quarter.

Natural Resource Partners to expand Williston assets

Oct 6, 2014

Natural Resource Partners LP (NRP), Houston, has agreed to acquire nonoperated working interests in oil and gas properties in the Williston basin’s Bakken-Three Forks play from an affiliate of Kaiser-Francis Oil Co. for $340 million. The deal, effective Oct. 1, is expected to close in November.

Chevron Canada to sell 30% in Duvernay shale to Kufpec Canada for $1.5 billion

Oct 6, 2014

Chevron Corp. said its Chevron Canada Ltd. unit plans to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co.’s Kufpec Canada Inc. unit for $1.5 billion. Chevron will retain 70% and remain operator.

FourPoint, EnerVest to purchase western Anadarko basin assets for $1.95 billion

Oct 3, 2014

A joint venture of Denver-based startup FourPoint Energy LLC and privately held institutional affiliates of EnerVest Ltd., Houston, has agreed to acquire all of the oil and gas properties and related midstream assets in the western Anadarko basin belonging to Linn Energy LLC, Houston, for $1.95 billion, of which $975 million is net to FourPoint.

BHI: US drilling rig count falls to 1,922

Oct 3, 2014

The US drilling rig count lost 9 units to settle at 1,922 rigs working during the week ended Oct. 3, Baker Hughes Inc. reported.

EIA: US industrial gas demand to rise 4% in 2015

Oct 3, 2014

Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock for chemical production.

MEG Energy files OSCA application with AER for Surmont oil sands project

Oct 3, 2014

MEG Energy Corp., Calgary, has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Surmont steam-assisted gravity drainage (SAGD) project.

US, UAE energy agreement to focus on five areas

Oct 3, 2014

A memorandum of understanding signed by the US and the United Arab Emirates will focus on five areas: energy policy formulation, energy efficiency, the energy-water nexus, carbon capture and storage, and unconventional oil and gas development.

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