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Briefs -- DAPL | Jones Energy

A decision on whether opponents may be able to shut down Energy Transfer Partners LP’s Dakota Access Pipeline (DAPL) is on hold for at least two months, according to a schedule established Wednesday by U.S. District Court Judge James Boasberg for the District of Columbia. Boasberg ruled earlier in June the pipeline’s environmental review was in part inadequate and must be reconsidered. He previously ruled twice against challenges. The Standing Rock Sioux and Cheyenne River Sioux, together with environmental supporters, have attempted to halt DAPL operations for months.

Austin-based Jones Energysaid it will sell several non-core assets, including its Arkoma Basin properties, to unnamed buyers for a total of $70 million, and continues to actively market additional non-core assets. Sale price for the Arkoma properties would be $65 million plus up to a $2.5 million contingent payment base on improving natural gas prices, and is expected to close in 3Q2017. "The Arkoma represents just 6% of our projected 2017 revenues and we view the deal as an accretive transaction to the company," said CEO Jonny Jones. More than half of Jones Energy's gross identified drilling locations are in its growing Merge play, which is about 21,000 net acres in the Eastern Anadarko Basin.

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