Preferred Proppants LLC, whose fracture sand operations are becoming concentrated in the Permian Basin and Eagle Ford Shale in Texas, has sold its Bloomer facility in Wisconsin to Frontier Sand LLC. Financial details were not disclosed. The sale, along with a previously announced transaction for the Blair, WI, facility, “is part of our strategy that was put in place during the previous market downturn to be the regional and in-basin leader within the space,” said CEO Michael O’Neill. Preferred plans to build three Texas in-basin plants in the Permian and Eagle Ford to complement an existing portfolio of sand-related assets in Genoa, NE, and Sanders, AZ. To pursue the “localized” strategy, Preferred has switched to more trucking and reduced its train car fleet by almost 20% since the end of September.
Cabot
Articles from Cabot
Cabot Pushing Through Low NatGas Prices, Ramping 2018 Production to Meet Demand
Cabot Oil & Gas Corp. plans to increase capital spending and production next year, primarily in the Marcellus Shale of northeastern Pennsylvania, as it gears up to fill a series of infrastructure projects that are slated to come online.
Dimock, PA, Saga Ends With Cabot, Families Reaching Settlement
Cabot Oil & Gas Corp. reached a settlement earlier this month with landowners from Dimock Township, PA, who had pressed ahead with a lawsuit alleging that the company contaminated their groundwater supplies from natural gas drilling nearly a decade ago.
With Permits Secured, Atlantic Sunrise Ready to Start Construction
Williams Partners LP’s Transcontinental Gas Pipe Line Co. LLC (Transco) has received long-awaited water crossing and earth disturbance permits for the Atlantic Sunrise pipeline project, paving the way for a sorely needed 1.7 Bcf/d expansion to serve natural gas producers in northeast Pennsylvania.
FERC OKs Partial Atlantic Sunrise Service, Adds 400,000 Dth/d on Transco
FERC on Monday authorized partial path service for Transcontinental Gas Pipe Line Co.’s (Transco) Atlantic Sunrise expansion project, bringing the 1.7 million Dth/d natural gas pipeline one step closer to completion.
Cabot Claims Extortion by Landowner as Dimock, PA, Saga Continues
Cabot Oil & Gas Corp. is seeking $5 million in damages from an outspoken Dimock, PA, resident and his legal team for what the company claims is an extortion attempt.
Cabot Keeping Close Eye on Commodity Prices, Pipeline Projects
Cabot Oil & Gas Corp. is forecasting a slight decline in sequential production during the third quarter and weaker realized prices, but management still expects growth as the company exits the year and heads into 2018, when more takeaway capacity could help to double its Marcellus Shale production.
Dimock Saga Will Continue After Federal Judge Orders New Trial
The ongoing saga over whether Cabot Oil & Gas Corp. operations contaminated the water supplies of two families in rural Dimock Township, PA, will continue after the U.S. District Court for the Middle District of Pennsylvania last week reversed a federal jury’s March 2016 decision that required the company to pay damages.
Cabot Oil & Gas Increases 2017 Spending on Firmer Commodity Prices
Cabot Oil & Gas Corp. said Friday that improving well results and a better commodity price outlook have prompted it to increase spending this year in both the Marcellus and Eagle Ford shales.
Sun Finally Coming Up For Marcellus-Focused Atlantic Sunrise
On the last business day of 2016 FERC issued the long-awaited final environmental impact statement (FEIS) for Williams Partners’ Atlantic Sunrise project, bringing some cheer to producer Cabot Oil & Gas Corp. and bringing clarity to the outlook for the delayed project.
