XTO Energy Inc. is adding 35 MMcfe/d to its production base through a string of acquisitions in the Woodford, Fayetteville and Barnett shales. The company also announced last week it would no longer pursue a master limited partnership (MLP).
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Canadian Superior Acquires Alberta Producer, Discovers Gas Offshore Trinidad
Adding up to a big week for the Calgary-based oil and gas producer, Canadian Superior Energy Inc. in separate announcements last week said it is expanding its Western Canadian footprint through acquisition and has made a new natural gas discovery offshore Trinidad.
Canadian Superior Acquisition to Increase Western Canada Production Base
Adding to the Calgary-based oil and gas producer’s week of big news, Canadian Superior Energy Inc. announced Wednesday that it is growing its Western Canadian oil and natural gas production through an agreement to acquire its privately owned neighbor, Seeker Petroleum Ltd., for approximately C$51.8 million, including the assumption of approximately C$8.5 million of net debt.
Bentek: Canadian Import, Export Figures Unexpected
U.S. natural gas exports to Canada are up 12.5% this year, adding on average more than 170 MMcf/d of gas flowing north versus a year ago, while Canadian imports — forecast to be sharply down — are flat, according to an analysis by Bentek Energy LLC.
Bentek Finds Surprise: Canadian Gas Imports Flat, U.S. Exports Higher
U.S. natural gas exports to Canada are up 12.5% this year, adding on average more than 170 MMcf/d of gas flowing north versus a year ago, while Canadian imports — forecast to be sharply down — are flat, according to an analysis by Bentek Energy LLC.
Egan Hub Storage Expansion Gets FERC Approval
FERC last Thursday issued a certificate to Egan Hub Storage LLC to expand its storage facility in Acadia Parish, LA, by 10.5 Bcf by adding a fourth salt dome cavern and associated facilities.
Egan Hub Storage Expansion Gets FERC Approval
FERC Thursday issued a certificate to Egan Hub Storage LLC to expand its storage facility in Acadia Parish, LA, by 10.5 Bcf by adding a fourth salt dome cavern and associated facilities.
Predictions for an ‘Active’ Hurricane Season are Unanimous
Adding to the chorus of forecasters calling for a busy Atlantic hurricane season, experts at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center said last Tuesday that they are projecting a 75% chance that the 2007 Atlantic hurricane season will be above normal, while WSI Corp. agreed — showing the ongoing active hurricane era remains strong despite the “aberration” that was the 2006 season.
Predictions for an ‘Active’ Hurricane Season are Unanimous
Adding to the chorus of forecasters calling for a busy Atlantic hurricane season, experts at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center said Tuesday they are projecting a 75% chance that the 2007 Atlantic hurricane season will be above normal, while WSI Corp. agreed — showing the ongoing active hurricane era remains strong despite the “aberration” that was the 2006 season.
Transportation Notes
Belen Station became unavailable Wednesday morning due to surge control valve problems, El Paso said, adding that parts are being shipped in and if all goes well, the station will be returned to service Friday afternoon. Meanwhile, Belen’s outage has changed a capacity reduction of the San Juan Crossover from 29 MMcf/d to 75 MMcf/d through Friday.