Basin

Berry Petroleum Co. is paying about $5 million to gain a 50% working interest in 345,000 prospective acres in the Denver Basin of eastern Colorado, western Kansas and southwestern Nebraska from Bill Barrett Corp. The two companies plan to jointly explore and develop the shallow Niobrara gas assets on the acreage, which expands the program Berry started late last year in the area.

Berry Petroleum Co. is paying about $5 million to gain a 50% working interest in 345,000 prospective acres in the Denver Basin of eastern Colorado, western Kansas and southwestern Nebraska from Bill Barrett Corp. The two companies plan to jointly explore and develop the shallow Niobrara gas assets on the acreage, which expands the program Berry started late last year in the area.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

San Juan Basin flatness was the exception to Thursday’s anticipated continuing slide in prices. Otherwise, losses between a nickel and a little over a dime in the Rockies/Pacific Northwest, California and intra-Alberta were fairly moderate in comparison with declines ranging from about a dime to nearly 30 cents elsewhere.

Energen Resources Corp. closed its previously announced purchase of San Juan Basin coalbed methane properties from a private company for an adjusted purchase price of $263 million. Located in the under-pressured Fruitland coal play, more than half of the estimated 240 Bcfe of proved gas and gas liquids (NGL) reserves are behind pipe and undeveloped, the company said. Gas accounts for 80% of the estimated proved reserves, with NGL making up the balance. The company also estimates that there are up to 60 Bcfe of probable reserves. A large development inventory from the acquisition is estimated at more than 110 infill wells. Future development costs are expected to be $50 million.

The Keystone facility, located in the Permian Basin near the Waha hub, is conducting a non-binding open season through Sept. 1 to secure interest in firm natural gas storage services for 1 Bcf of capacity, according to Unocal Midstream & Trade (UMT). Its fourth cavern is expected to be in service by the end of this year.

The Keystone facility, located in the Permian Basin near the Waha hub, is conducting a non-binding open season through Sept. 1 to secure interest in firm natural gas storage services for 1 Bcf of capacity, according to Unocal Midstream & Trade (UMT). Its fourth cavern is expected to be in service by the end of this year.