Carried

Kinder Morgan Shelves Permian-California Crude Pipeline

Following an unsuccessful open season, Kinder Morgan Energy Partners LP (KMP) has shelved plans for the Freedom Pipeline, which would have carried Permian Basin crude oil from Texas to California refineries.

June 3, 2013

Industry Briefs

Anadarko Petroleum Corp. has entered into a $860 million carried-interest arrangement with an undisclosed party for a 12.7% stake in the prospective Heidelberg development project in the deepwater Gulf of Mexico. The arrangement represents nearly all its expected capital requirements through the anticipated date of first ramp-up in mid-2016. The agreement is similar in scope to one secured in 2012 with Inpex Corp. for a 7.2% stake in the Lucius deepwater development, which Anadarko is developing jointly with Heidelberg (see NGI, Aug. 27, 2012). Two truss spars each would have capacity of 80,000 b/d; Lucius is on schedule to achieve first production in 2014.

March 11, 2013

Shale Boom Riding the Rails to Find Markets

Unlike natural gas, oil can be carried in a bucket — or in a rail car — as is increasingly the case in the Bakken Shale, for instance, where the drill bit has gotten ahead of the pipeline, way ahead of the pipeline, in offering oil producers a route to market.

February 11, 2013

Halcon Resources Picks Up Woodbine Acreage

Tomball, TX-based independent JBL Energy Partners and its partners completed the sale of an interest in 17,000 acres in Leon County, TX, within the Woodbine oil play to Halcon Resources. The sale included all oil, gas and mineral rights owned by JBL and its partners within the acreage position.

August 24, 2012

Storage Purge Beginning, Yet Cash, Futures Firm

Physical gas prices continued to move higher Tuesday as momentum carried forward from Monday’s surge and quotes at eastern points advanced by nearly a half-dollar. Futures bulls are beginning to stir, but short-term traders aren’t buying any kind of sustained advance. February futures advanced 2.9 cents to $2.554 and March was up by 2.1 cents to $2.601. March crude oil shed 63 cents to $98.95/bbl.

January 25, 2012

Santa Barbara County Enters California Fracking Debate

Government officials, environmentalists and industry representatives carried the debate on hydraulic fracturing (fracking) to California’s south-central coast last Thursday in Santa Barbara County, and while there was no across-the-board agreement, local elected officials did voice surprise that fracking is a potential issue in their county where offshore oil/gas development has had a long-standing love-hate relationship with residents.

September 8, 2011

California Drought Carried Big Energy Impact

California’s 2007-2009 drought, one of the severest in its history, carried a heavy impact on the state’s energy markets both from an economic and environmental perspective, according to a report released by the Pacific Institute. Natural gas played a central role, the Oakland, CA-based nonprofit said.

June 28, 2011

Chuck Watson: Shale Revolution is Global

Seeds from the North American shale gas revolution have been carried around the globe and planted, and it’s only a matter of time before many countries have their own where natural gas is concerned, longtime energy industry executive Chuck Watson told a Houston audience last week.

June 20, 2011

Chuck Watson Predicts Gas Discoveries ‘All Over the Globe’

Seeds from the North American shale gas revolution have been carried around the globe and planted, and it’s only a matter of time before many countries have their own where natural gas is concerned, longtime energy industry executive Chuck Watson told a Houston audience Thursday.

June 20, 2011

U.S. Seen Exporting Shale Technology to the World

Seeds from the North American shale gas revolution have been carried around the globe and planted, and it’s only a matter of time before many countries have their own where natural gas is concerned, longtime energy industry executive Chuck Watson told a Houston audience Thursday.

June 20, 2011
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