By Andrea: http://oilshalegas.com
Targa Resources Partners LP (NGLS) recently reported that they will be developing a pipeline to transport natural gas in the Eagle Ford Shale to Mont Belvieu, Texas. They signed a non-binding Memorandum of Understanding with TexStar Mistream Services, LP and TEAK Midstream, LLC for the development of the new pipeline:
Upon consummation of the transaction, Targa Resources Partners would expect to become an owner in the new y-grade pipeline that would provide transportation services from natural gas processing plants in the Eagle Ford shale area, including a TEAK gas plant and a TexStar gas plant, into Mont Belvieu, Texas. The new y-grade pipeline would be designed to provide additional capacity to customers in the Eagle Ford shale area. Additionally, the y-grade pipeline would be designed to accommodate a future extension into the Permian Basin area of West Texas to provide y-grade transportation services to that growth region.
CBF would be expected to expand by 100,000 barrels per day, with commencement of operations expected in late 2012. The 100,000 barrel per day expansion would be an addition to the current 78,000 barrel per day expansion at CBF, which is expected to be operational in the second quarter of 2011. Upon the completion of both expansions, the y-grade fractionation capacity of CBF would be approximately 353,000 barrels per day.
TEAK would be expected to install and operate a new cryogenic natural gas processing plant with approximately 200 MMcf per day of processing capacity and TexStar would be expected to install and operate a new cryogenic natural gas processing plant with approximately 300 MMcf per day of processing capacity. TEAK and TexStar would expand existing gas gathering systems that supply the new natural gas processing plants. The two plants would be expected to produce approximately 50,000 barrels per day of y-grade. Combined, the two processing plants and the gathering systems behind them would serve twelve counties in the liquids rich Eagle Ford shale of South Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Showing posts with label natural gas pipeline. Show all posts
Showing posts with label natural gas pipeline. Show all posts
Wednesday, December 22, 2010
Friday, October 15, 2010
McMullen County, TX: Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Doxa Energy, Ltd. (DXAEF.PK) recently released an operational update announcing the completion of the Epley No. 1-H, a horizontal Eagle Ford well located in McMullen County, Texas. The well was recently shut-in for final hookup, pipeline and facility construction. Prior to shut-in, the well was being flowed back on a restricted choke (14/64") at a rate of 400 BOEPD (energy equivalent of 250 BOPD, 900 MCFD and 250 BWPD) with a flowing casing pressure of 1,920 psi, and approximately 15% of the frac load water recovered after two weeks of flow. Initial sales of oil production from the Epley well have commenced and the Company plans to release additional details once the well has been placed back on production with facility construction complete. Based on confirmation of commercially viable results on this initial well, Doxa expects that up to 5 gross wells may ultimately be drilled on the Epley Project.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Doxa Energy, Ltd. (DXAEF.PK) recently released an operational update announcing the completion of the Epley No. 1-H, a horizontal Eagle Ford well located in McMullen County, Texas. The well was recently shut-in for final hookup, pipeline and facility construction. Prior to shut-in, the well was being flowed back on a restricted choke (14/64") at a rate of 400 BOEPD (energy equivalent of 250 BOPD, 900 MCFD and 250 BWPD) with a flowing casing pressure of 1,920 psi, and approximately 15% of the frac load water recovered after two weeks of flow. Initial sales of oil production from the Epley well have commenced and the Company plans to release additional details once the well has been placed back on production with facility construction complete. Based on confirmation of commercially viable results on this initial well, Doxa expects that up to 5 gross wells may ultimately be drilled on the Epley Project.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Sunday, October 3, 2010
Carrizo Oil and Gas Inc. - Barnett Shale Update
By Andrea: http://oilshalegas.com
Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Barnett Shale:
In the Barnett Shale, all 22 wells on the drilling pad located on the campus at the University of Texas at Arlington are on full production. The pad is flowing at a rate of 62 mmcfe/day now that pipeline constrictions have been resolved and the final wells completed. The production from the new wells and the increase in capacity has allowed the company's current Barnett net production to rise to approximately 112 mmcfe/day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Barnett Shale:
In the Barnett Shale, all 22 wells on the drilling pad located on the campus at the University of Texas at Arlington are on full production. The pad is flowing at a rate of 62 mmcfe/day now that pipeline constrictions have been resolved and the final wells completed. The production from the new wells and the increase in capacity has allowed the company's current Barnett net production to rise to approximately 112 mmcfe/day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Wednesday, September 1, 2010
EOG Resources: Eagle Ford Shale Pipeline
By Andrea: http://oilshalegas.com
Enterprise Products Partners (EPD) announced that it will work with EOG Resources to provide midstream services for the transportation of crude oil and natural gas in the Eagle Ford shale region:
Enterprise Products Partners L.P. (NYSE:EPD) today announced that its operating subsidiaries have entered into long-term agreements with EOG Resources, Inc. (NYSE: EOG) to provide a comprehensive package of midstream energy services that will service EOG's growing crude oil and associated liquids-rich natural gas production in the prolific Eagle Ford Shale in South Texas. As part of the arrangements, Enterprise will utilize its existing assets and build additional infrastructure to provide EOG with a full range of value-added midstream services for its Eagle Ford production, including crude oil transportation, storage and exchange; natural gas transportation, treating and processing; and natural gas liquids (NGL) transportation and fractionation.
"We are very pleased to contract with EOG, a leader in the development of the Eagle Ford Shale in South Texas," said Michael A. Creel, President and Chief Executive Officer. "EOG's need for crude oil, natural gas and NGL midstream services clearly illustrates the advantage of an integrated midstream network with access to attractive markets to maximize the value of its Eagle Ford Shale production."
"The South Texas Eagle Ford has the potential to be one of the largest crude oil discoveries in the United States including the Deep Water Gulf of Mexico, in the last 40 years and we believe we have captured 900 million barrels of oil equivalent, net on our 505,000 net acreage position in the play. Contracting with Enterprise, which brings a comprehensive program of midstream services, is a strategic move for EOG in marketing our production," said Mark G. Papa, EOG's Chairman and Chief Executive Officer.
As part of its long-term agreements, Enterprise will construct a 140-mile pipeline originating in northwestern Karnes County to transport EOG's crude oil production from the Eagle Ford Shale. The pipeline will extend to its existing crude oil system in Austin County where it will connect to the partnership's Sealy Station. The pipeline, which is anchored by a 10-year, firm transportation agreement with EOG, offers the flexibility to access the Houston refinery market or the Enterprise-operated Seaway Pipeline system that provides a direct link to Cushing, Oklahoma, a major domestic crude oil storage and trading hub. With a capacity of approximately 350,000 barrels per day (BPD), the crude oil pipeline will be large enough not only to meet EOG's requirements, but to accommodate other Eagle Ford producers, many of which are currently in discussions with Enterprise.
Enterprise plans to build central delivery points for receiving crude oil from trucks and gathering pipelines at multiple locations along the crude oil pipeline route. Completion of the crude oil pipeline project is expected in the first quarter of 2012. In the interim, Enterprise is providing crude oil transportation services via trucks until the pipeline is in service.
Enterprise will also provide firm natural gas transportation and processing, as well as NGL transportation and fractionation services to EOG, anchored by seven-year contracts. In support of this initiative, Enterprise has committed to the construction of 52 miles of additional pipeline laterals to complement its previously announced Eagle Ford rich natural gas mainline project. In addition to rich and lean natural gas transportation capabilities, Enterprise will provide EOG with natural gas processing services at the partnership's planned cryogenic gas processing facility. With an initial capacity of 600 million cubic feet per day, the new processing plant is projected to be in service in mid 2012. The NGLs recovered from EOG's natural gas volumes at the new plant will be transported through Enterprise's recently announced 127-mile, 12-inch diameter NGL pipeline to its Mont Belvieu complex where Enterprise will construct a fifth NGL fractionator. Prior to the completion of these new gas processing and NGL facilities, Enterprise will utilize existing capacity in its integrated network of South Texas infrastructure to process EOG's natural gas and to transport and fractionate the NGLs recovered from EOG's natural gas production.
Activity in the Eagle Ford Shale continues to exceed industry expectations as more than 90 rigs working in the play have drilled more than 175 wells to date. Current production from the play is estimated at approximately 300 million cubic feet per day of natural gas and 40,000 BPD of crude oil and condensate.
"Our broad footprint of assets in the Eagle Ford Shale provides us with the foundation to develop infrastructure with the size and scope to meet the needs of producers, and gives Enterprise a competitive advantage in pursuing other opportunities in this growing area," Mr. Creel said.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Enterprise Products Partners (EPD) announced that it will work with EOG Resources to provide midstream services for the transportation of crude oil and natural gas in the Eagle Ford shale region:
Enterprise Products Partners L.P. (NYSE:EPD) today announced that its operating subsidiaries have entered into long-term agreements with EOG Resources, Inc. (NYSE: EOG) to provide a comprehensive package of midstream energy services that will service EOG's growing crude oil and associated liquids-rich natural gas production in the prolific Eagle Ford Shale in South Texas. As part of the arrangements, Enterprise will utilize its existing assets and build additional infrastructure to provide EOG with a full range of value-added midstream services for its Eagle Ford production, including crude oil transportation, storage and exchange; natural gas transportation, treating and processing; and natural gas liquids (NGL) transportation and fractionation.
"We are very pleased to contract with EOG, a leader in the development of the Eagle Ford Shale in South Texas," said Michael A. Creel, President and Chief Executive Officer. "EOG's need for crude oil, natural gas and NGL midstream services clearly illustrates the advantage of an integrated midstream network with access to attractive markets to maximize the value of its Eagle Ford Shale production."
"The South Texas Eagle Ford has the potential to be one of the largest crude oil discoveries in the United States including the Deep Water Gulf of Mexico, in the last 40 years and we believe we have captured 900 million barrels of oil equivalent, net on our 505,000 net acreage position in the play. Contracting with Enterprise, which brings a comprehensive program of midstream services, is a strategic move for EOG in marketing our production," said Mark G. Papa, EOG's Chairman and Chief Executive Officer.
As part of its long-term agreements, Enterprise will construct a 140-mile pipeline originating in northwestern Karnes County to transport EOG's crude oil production from the Eagle Ford Shale. The pipeline will extend to its existing crude oil system in Austin County where it will connect to the partnership's Sealy Station. The pipeline, which is anchored by a 10-year, firm transportation agreement with EOG, offers the flexibility to access the Houston refinery market or the Enterprise-operated Seaway Pipeline system that provides a direct link to Cushing, Oklahoma, a major domestic crude oil storage and trading hub. With a capacity of approximately 350,000 barrels per day (BPD), the crude oil pipeline will be large enough not only to meet EOG's requirements, but to accommodate other Eagle Ford producers, many of which are currently in discussions with Enterprise.
Enterprise plans to build central delivery points for receiving crude oil from trucks and gathering pipelines at multiple locations along the crude oil pipeline route. Completion of the crude oil pipeline project is expected in the first quarter of 2012. In the interim, Enterprise is providing crude oil transportation services via trucks until the pipeline is in service.
Enterprise will also provide firm natural gas transportation and processing, as well as NGL transportation and fractionation services to EOG, anchored by seven-year contracts. In support of this initiative, Enterprise has committed to the construction of 52 miles of additional pipeline laterals to complement its previously announced Eagle Ford rich natural gas mainline project. In addition to rich and lean natural gas transportation capabilities, Enterprise will provide EOG with natural gas processing services at the partnership's planned cryogenic gas processing facility. With an initial capacity of 600 million cubic feet per day, the new processing plant is projected to be in service in mid 2012. The NGLs recovered from EOG's natural gas volumes at the new plant will be transported through Enterprise's recently announced 127-mile, 12-inch diameter NGL pipeline to its Mont Belvieu complex where Enterprise will construct a fifth NGL fractionator. Prior to the completion of these new gas processing and NGL facilities, Enterprise will utilize existing capacity in its integrated network of South Texas infrastructure to process EOG's natural gas and to transport and fractionate the NGLs recovered from EOG's natural gas production.
Activity in the Eagle Ford Shale continues to exceed industry expectations as more than 90 rigs working in the play have drilled more than 175 wells to date. Current production from the play is estimated at approximately 300 million cubic feet per day of natural gas and 40,000 BPD of crude oil and condensate.
"Our broad footprint of assets in the Eagle Ford Shale provides us with the foundation to develop infrastructure with the size and scope to meet the needs of producers, and gives Enterprise a competitive advantage in pursuing other opportunities in this growing area," Mr. Creel said.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Tuesday, August 17, 2010
UGI Corp. (UGI) : Marcellus Shale Infrastructure
By Andrea: http://oilshalegas.com
UGI Corp. (UGI) plans to anti up their stakes in the Marcellus shale by investing roughly $300 million into projects dedicated to the development of natural gas.
Lon R. Greenberg, chairman and chief executive officer of UGI, said, "The natural gas in the Marcellus Shale region of Pennsylvania is in areas in which we have a significant amount of assets, including much of our utility and gas marketing service territories. We believe these and future projects will provide our utility and transportation service customers with cost effective and reliable gas supply. Our ultimate investment will depend on many factors, but given our strategic assets, supplier relationships, customer base and expertise in energy logistics, we are confident in our ability to invest wisely for the benefit of our stakeholders."
Among these investments are the recently announced agreement between UGI's midstream and energy marketing unit, UGI Energy Services, Inc., and NiSource Gas Transmission and Storage (NGT&S) to market and develop a major pipeline project to provide Marcellus Shale producers in Pennsylvania improved access to high-value markets. This project would be subject to approval by the Federal Energy Regulatory Commission (FERC) and is planned to be available for service in late 2012.
In addition, UGI plans to enhance the delivery options from its Meeker and Tioga storage fields located in north central Pennsylvania by drilling additional storage wells and adding dehydration and compression capacity. UGI's storage fields are ideally situated to enable Marcellus gas to efficiently serve temperature sensitive end-use markets. In addition, the fields are connected to UGI's gas utility distribution system, as well as to the Dominion Gas Transmission, Inc. and Tennessee Gas Pipeline Company interstate pipeline systems. The proposed pipeline by NGT&S and UGI also would connect to these storage fields. This storage enhancement project, which would be subject to regulatory approval, is planned to be available for service in 2013.
Additional projects to construct gathering facilities and purchase gas from Marcellus producers would bring locally produced gas to Pennsylvania and interstate markets during 2012. These projects would not be subject to FERC approval.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
UGI Corp. (UGI) plans to anti up their stakes in the Marcellus shale by investing roughly $300 million into projects dedicated to the development of natural gas.
Lon R. Greenberg, chairman and chief executive officer of UGI, said, "The natural gas in the Marcellus Shale region of Pennsylvania is in areas in which we have a significant amount of assets, including much of our utility and gas marketing service territories. We believe these and future projects will provide our utility and transportation service customers with cost effective and reliable gas supply. Our ultimate investment will depend on many factors, but given our strategic assets, supplier relationships, customer base and expertise in energy logistics, we are confident in our ability to invest wisely for the benefit of our stakeholders."
Among these investments are the recently announced agreement between UGI's midstream and energy marketing unit, UGI Energy Services, Inc., and NiSource Gas Transmission and Storage (NGT&S) to market and develop a major pipeline project to provide Marcellus Shale producers in Pennsylvania improved access to high-value markets. This project would be subject to approval by the Federal Energy Regulatory Commission (FERC) and is planned to be available for service in late 2012.
In addition, UGI plans to enhance the delivery options from its Meeker and Tioga storage fields located in north central Pennsylvania by drilling additional storage wells and adding dehydration and compression capacity. UGI's storage fields are ideally situated to enable Marcellus gas to efficiently serve temperature sensitive end-use markets. In addition, the fields are connected to UGI's gas utility distribution system, as well as to the Dominion Gas Transmission, Inc. and Tennessee Gas Pipeline Company interstate pipeline systems. The proposed pipeline by NGT&S and UGI also would connect to these storage fields. This storage enhancement project, which would be subject to regulatory approval, is planned to be available for service in 2013.
Additional projects to construct gathering facilities and purchase gas from Marcellus producers would bring locally produced gas to Pennsylvania and interstate markets during 2012. These projects would not be subject to FERC approval.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Piceance Basin: Ruby Pipeline
By Andrea: http://oilshalegas.com
The Federal Energy Regulatory Commission approved construction of the Ruby Pipeline, which will give Piceance Basin energy companies access to West Coast markets. The pipeline was licensed in April and began construction in various areas on Saturday, July 31. The pipeline will carry an approximate 1.5 billion cubic feet of natural gas per day, running from Opal, Wyoming to Main, Oregon.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
The Federal Energy Regulatory Commission approved construction of the Ruby Pipeline, which will give Piceance Basin energy companies access to West Coast markets. The pipeline was licensed in April and began construction in various areas on Saturday, July 31. The pipeline will carry an approximate 1.5 billion cubic feet of natural gas per day, running from Opal, Wyoming to Main, Oregon.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Monday, August 9, 2010
Marcellus Shale Natural Gas Pipelines: Dominion Resources
By Andrea: http://oilshalegas.com
Dominion Resources, Inc. (D) recently released an update concerning the Marcellus Shale Natural Gas Pipelines:
Dominion Resources (D) announced that its natural gas transmission and storage subsidiary, Dominion Transmission, has reached a 10-year lease agreement with Tennessee Gas Pipeline Company for firm capacity to move Marcellus shale natural gas supplies.
The Ellisburg-to-Craigs project, with capacity of 150,000 dekatherms per day, will move natural gas from Tennessee's 300 Line pipeline system in northern Pennsylvania to its 200 Line pipeline system in upstate New York.
"Dominion Transmission's hub-and-spoke network crisscrossing the Marcellus shale producing area provides many opportunities to help transport new natural gas supplies to market," said Thomas F. Farrell II, chairman, president and chief executive officer of Dominion. "This agreement with Tennessee for new capacity is an excellent example."
Dominion plans to file for a FERC certificate in December. Once the project is approved, construction will commence in March 2012, with a planned in-service date of November 1, 2012. Construction plans include additional compression facilities and a new measurement and regulating station at the Craigs interconnect with Tennessee in New York. Dominion will also add regulating facilities on its system in northern Pennsylvania.
Dominion Transmission provides gathering, processing, transportation and storage services in the Appalachian basin, including the heart of the Marcellus shale production area.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Dominion Resources, Inc. (D) recently released an update concerning the Marcellus Shale Natural Gas Pipelines:
Dominion Resources (D) announced that its natural gas transmission and storage subsidiary, Dominion Transmission, has reached a 10-year lease agreement with Tennessee Gas Pipeline Company for firm capacity to move Marcellus shale natural gas supplies.
The Ellisburg-to-Craigs project, with capacity of 150,000 dekatherms per day, will move natural gas from Tennessee's 300 Line pipeline system in northern Pennsylvania to its 200 Line pipeline system in upstate New York.
"Dominion Transmission's hub-and-spoke network crisscrossing the Marcellus shale producing area provides many opportunities to help transport new natural gas supplies to market," said Thomas F. Farrell II, chairman, president and chief executive officer of Dominion. "This agreement with Tennessee for new capacity is an excellent example."
Dominion plans to file for a FERC certificate in December. Once the project is approved, construction will commence in March 2012, with a planned in-service date of November 1, 2012. Construction plans include additional compression facilities and a new measurement and regulating station at the Craigs interconnect with Tennessee in New York. Dominion will also add regulating facilities on its system in northern Pennsylvania.
Dominion Transmission provides gathering, processing, transportation and storage services in the Appalachian basin, including the heart of the Marcellus shale production area.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Monday, March 2, 2009
Haynesville Shale: Chesapeake Energy CHK 3/2/09
Today, Chesapeake Energy ( CHK) has come out and announced an update on their joint venture with Plains Exploration ( PXP ) regarding the Haynesville Shale.
Chesapeake has elected to curtail approximately 240 million cubic feet of natural gas equivalent (mmcfe) per day of its gross natural gas and oil production due to currently low wellhead prices in the Mid-Continent region. The company has curtailed approximately 200 million cubic feet per day of gross natural gas production and approximately 6,000 barrels per day of gross oil production for at least the month of March 2009. The curtailed production represents approximately 7% of Chesapeake’s current gross operated production capacity. Additionally, the company is considering a further 10% reduction in its drilling activity during 2009 if natural gas and oil prices remain low during the next few months. The company’s attractive hedges and cash availability provide it with the operational and financial flexibility to curtail production during periods of unusually low prices, such as the current market environment. The company believes conditions are developing that will support higher prices for natural gas and oil later this year and in 2010.
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Chesapeake has elected to curtail approximately 240 million cubic feet of natural gas equivalent (mmcfe) per day of its gross natural gas and oil production due to currently low wellhead prices in the Mid-Continent region. The company has curtailed approximately 200 million cubic feet per day of gross natural gas production and approximately 6,000 barrels per day of gross oil production for at least the month of March 2009. The curtailed production represents approximately 7% of Chesapeake’s current gross operated production capacity. Additionally, the company is considering a further 10% reduction in its drilling activity during 2009 if natural gas and oil prices remain low during the next few months. The company’s attractive hedges and cash availability provide it with the operational and financial flexibility to curtail production during periods of unusually low prices, such as the current market environment. The company believes conditions are developing that will support higher prices for natural gas and oil later this year and in 2010.
For my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
Monday, September 8, 2008
Marcellus Shale: RRC Range Resources Pipeline ahead of Schedule 9/08/08
The Fort Worth Business Press is reporting that the Range Resources ( RRC ) Marcellus Shale pipeline is ahead of schedule.
Range Resources Corp. said the first phase of its Marcellus Shale pipeline and processing build out was ahead of schedule, allowing its previously stated goal of 30 million cubic feet equivalent of daily production to be reached a full quarter earlier.
The Fort Worth-based energy company currently holds about 850,000 acres in Marcellus Shale leasing, and has three rigs operating in the shale, which stretches from New York though Pennsylvania and into West Virginia. Year-end production is projected to reach 30 MMcfe/d, a full quarter earlier than the company’s previously stated goal of first quarter 2009, according to the statement.
http://www.fwbusinesspress.com/display.php?id=8361
Range Resources Corp. said the first phase of its Marcellus Shale pipeline and processing build out was ahead of schedule, allowing its previously stated goal of 30 million cubic feet equivalent of daily production to be reached a full quarter earlier.
The Fort Worth-based energy company currently holds about 850,000 acres in Marcellus Shale leasing, and has three rigs operating in the shale, which stretches from New York though Pennsylvania and into West Virginia. Year-end production is projected to reach 30 MMcfe/d, a full quarter earlier than the company’s previously stated goal of first quarter 2009, according to the statement.
http://www.fwbusinesspress.com/display.php?id=8361
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