Basin

Denver-based ARB Midstream LLC plans to build and operate a crude oil transloading terminal in the heart of the Denver-Julesburg (DJ) Basin, it said Wednesday.

Deep wastewater injection from the oil/natural gas sector is most likely responsible for the sharp increase in the number of small earthquakes recorded since 2001 in the Colorado-New Mexico border area, according to a study published in the Bulletin of the Seismological Society of America (BSSA).

Linn Energy LLC on Monday added 235,000 net acres to its industry-leading position in the gassy Hugoton Basin in a $340 million transaction with Pioneer Natural Resources Co. Pioneer also said it would sell Barnett Shale properties to an undisclosed buyer for $155 million.

Energen Corp. said three of five new exploratory wells it drilled in West Texas targeting the Wolfcamp Shale in the Permian Basin had outstanding results during 2Q2014, and the company believes it may have discovered a viable, horizontal oil play in the San Juan Basin.

Apache Corp.’s results in the second quarter add to evidence of its focus on North America, particularly in the Permian Basin, CEO G. Steven Farris said Thursday.

Tulsa, OK-based Oneok Partners LP on Wednesday outlined plans for investing up to $785 million over the next two years to build natural gas and natural gas liquids (NGL) processing, compression and pipelines to move Bakken Shale-produced supplies from the Williston Basin in North Dakota.

Dallas-based RSP Permian Inc. is buying Permian Basin acreage and oil/gas producing properties in Glasscock County, TX, in multiple deals worth a combined $259 million in cash.

While reporting that its Williston Basin North Dakota production reached record levels above 100,000 boe/d in 1Q2014, Whiting Petroleum Corp. executives early this month trumpeted the potential of the company’s Denver Julesburg (DJ) Basin play in Colorado as potentially duplicating the Williston growth.

Over the last five months, the number of horizontal drilling rigs targeting oil in the Permian Basin of West Texas and southeastern New Mexico has climbed by more than five dozen, according to the U.S. Energy Information Administration (EIA), marking a steep ramp-up in activity.