The U.S. land-based rig count posted a modest gain of four during the week just ended, according to Baker Hughes Inc. (BHI), and the pace of rig gains could slow in the months ahead, according to some. Meanwhile, analysts are awaiting the additional gas supply yet to come from rigs already added.
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Two U.S. NatGas Rigs Return as Pace of Gains Predicted to Slow
The U.S. natural gas rig count added two units during the week just ended, according to Baker Hughes Inc. (BHI). Six oil rigs were added. The gains were modest compared with some recent counts, and a slowing of rig additions could be on the way, some say.
SemGroup Tying Oklahoma Processing to STACK Play With 50-Mile Pipeline
SemGroup Corp. plans to build a natural gas pipeline to connect its processing complex in northern Oklahoma to the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, (STACK) play.
Williams 1Q Northeast Gathering Volumes, Earnings Climbed
During the first quarter, Williams Partners LP saw improved net income and adjusted earnings compared with the year-ago quarter. While rough weather caused production freeze-offs in the Rockies, it drove up throughput on Northwest Pipeline. Northeast gathering and processing volumes were up as well.
Energy Transfer: Comanche Trail, Trans-Pecos Officially In Service
Energy Transfer Partners LP (ETP) said Wednesday that the Trans-Pecos and Comanche Trail pipelines, as well as the Trans-Pecos Pipeline WAHA Header are officially in service. The West Texas pipelines carry natural gas to the Mexico border.
Enable Launches Anadarko Basin NatGas Project; Gathered Volumes Rose During Q1
Enable Midstream Partners LP on Wednesday announced a new Anadarko Basin rich gas takeaway project called Project Wildcat.
ERCOT Foresees Enough Power to Meet Texas Summer Demand Peaks
Summer is coming to Texas, and so is the potential for new power generation demand records in the Electric Reliability Council of Texas (ERCOT), the grid operator for most of the state.
Newfield Raises Capital Budget as Anadarko Basin Education Continues
Newfield Exploration Co. is planning to learn a lot this year in the Anadarko Basin, allocating about 85% of a slightly larger capital budget to Oklahoma’s stacked plays with a number of goals in mind.
Haynesville, Eagle Ford Looking Good For Growth, Enterprise’s Teague Says
Drillers and dealers have been returning to the Haynesville and Eagle Ford shales, which have seen rising rig counts and an increase in merger and acquisition (M&A) activity of late. Enterprise Products Partners LP management has been watching.
Midcontinent Supply, Demand From LNG, Power Gen, Industrials All On Boardwalk’s Agenda
Over the next few years, Boardwalk Pipeline Partners LP has a “higher concentration” of capacity contracts coming up for renewal. But developments in the Gulf Coast-Midcontinent region offer the potential for new business.