Bought

Falcon Gas Storage announced Wednesday that GAStorage Investment LLC, a company organized by Arcapita, a global investment group, has bought a 90% equity stake in Falcon and has provided additional capital to complete the construction Falcon’s gas storage facilities. The total value of the initial transaction is $100 million.

Comstock Resources Inc. said it bought about 120 Bcfe of gas (57%) and oil reserves in Louisiana, East Texas and Mississippi from EnSight Energy Partners LP for $192.5 million. The transaction provides about 20 MMcfe/d of production from 240 active wells, 90 of which Comstock will operate. The deal is expected to close in May.

Comstock Resources Inc. said it bought about 120 Bcfe of gas (57%) and oil reserves in Louisiana, East Texas and Mississippi from EnSight Energy Partners LP for $192.5 million. The transaction provides about 20 MMcfe/d of production from 240 active wells, 90 of which Comstock will operate. The deal is expected to close in May.

Just days after Enterprise Products Partners LP bought the remaining stake in its partnership from El Paso Corp., the company said it will begin beefing up its existing natural gas liquids (NGL) fractionator at the Mont Belvieu complex by 15,000 bbl/d to a total of 225,000 bbl/d, as part of a plan to pump up production from the prolific Rocky Mountain basins.

Just days after Enterprise Products Partners LP bought the remaining stake in its partnership from El Paso Corp. (see Daily GPI, Jan. 18), the energy partnership announced that it will expand its existing natural gas liquids (NGL) fractionator at the Mont Belvieu complex by 15,000 bbl/d to a total of 225,000 bbl/d, which will increase production from the prolific Rocky Mountain basins.

Canadian Superior Energy Inc. announced last Tuesday that, having bought out partner El Paso Corp.’s offshore Nova Scotia exploration and production assets in September, it is going ahead with its “Mariner” project offshore Nova Scotia, near Sable Island, with a second well planned for a drilling window open from January through April.

Canadian Superior Energy Inc. announced Tuesday that, having bought out partner El Paso Corp.’s offshore Nova Scotia exploration and production assets in September, it is proceeding ahead with its “Mariner” project offshore Nova Scotia, near Sable Island, with a second well planned for a drilling window open from January through April.

The Houston Exploration bought about 79 Bcfe of Gulf of Mexico gas reserves in two asset packages on Wednesday from an undisclosed company for a total of about $145 million.

Western Gas Resources said it bought about 60 Bcf of proved gas reserves in the San Juan Basin on about 24,000 net acres from an undisclosed seller for $82.2 million. The property currently has about 100 coalbed methane (CBM) wells that are producing 12.6 MMcf/d (9.3 MMcf/d net).