Agreed

To give the growing Permian Basin its full focus, Laredo Petroleum Holdings Inc. has agreed to sell all of its Granite Wash properties in the Anadarko Basin to affiliates of EnerVest Ltd. for $438 million in cash.

Colorado state authorities agreed over the weekend that going forward the mitigation of a natural gas liquids (NGL) spill near Parachute Creek will be led by the state Department of Public Health and Environment (DPHE). The Oil and Gas Conservation Commission (OGCC) will no longer be the lead agency.

Gastar Exploration Ltd. has agreed to sell its East Texas assets to Cubic Energy Inc. for $46 million and will redeploy capital to higher-return projects in the Marcellus Shale and Hunton Limestone. Meanwhile, Cubic views its acquisition as an entry point to the oil-rich Eagle Ford and Woodbine formations.

The federal government and states would reach a compromise on regulation of hydraulic fracturing (fracking) if the parties agreed to a memorandum of understanding (MOU) on the issue, a Texas official told a House panel Wednesday.

TexStar Midstream Services LP has acquired Tierra Pipeline LP from The Tierra Companies, and the companies said they have tentatively agreed on the sale of trucking operator Tierra Transportation to Black Creek Well Services, a TexStar sister company, with closing expected by July 1.

Suncor Energy agreed Monday to sell onshore natural gas-weighted properties in the Western Canadian Sedimentary Basin for US$986 million to a newly established North American partnership between UK utility Centrica plc and Qatar Petroleum International (QPI). The estimated one-million acre-leasehold this year is expected to produce about 250 MMcfe/d.

The day-in and day-out reports from operators ready to build new natural gas pipelines and natural gas liquids (NGL) midstream infrastructure generally have had one thing in common over the past couple of years: most are for the Marcellus Shale. And that’s not going to change anytime soon, according to industry executives.

North American-based units of Royal Dutch Shell plc and Volvo Trucks have agreed to “collaborate and coordinate” on liquefied natural gas (LNG) technology in heavy duty commercial vehicles.

ExxonMobil Corp.’s quest to remain the biggest operator in the Ardmore Basin’s Woodford Shale remains on track after the super major agreed to pay $147.5 million to buy the bulk of BNK Petroleum Inc.’s leasehold in the Tishomingo Field.