Closing

Closing Date For QEP’s Permian Expansion Delayed One Month

QEP Resources Inc. has informed federal regulators that its plans to expand in the Permian Basin by purchasing about 9,400 net acres in West Texas for $600 million will be delayed, with the closing date pushed back by about one month.

September 23, 2016

Industry Briefs

RCW Energy Serviceshas expanded its water-transfer business serving the Eagle Ford and other shale plays. The company opened an office in Pleasanton, TX, south of San Antonio, to the Eagle Ford and another office in Midland, TX, to serve the Permian Basin. Besides these two plays, RCW serves the Haynesville Shale.

September 25, 2013

Sanchez Production Skyrocketing on South Texas Acquisition

Sanchez Energy Corp. has revised its spending and operations guidance following the closing of the acquisition of South Texas assets from Hess Corp.

June 5, 2013

BG Group Says It Will Be China’s Largest LNG Supplier

China National Oil Corp. (CNOOC) has agreed with BG Group to take an additional stake in the Queensland Curtis LNG (QCLNG) project in Australia for A$1.93 billion. CNOOC also agreed to take an additional 5 million tonnes per annum (mtpa) of LNG from BG Group. The deal will make BG Group the largest supplier of liquefied natural gas (LNG) to China, the company said.

May 7, 2013
Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon Resources Corp. is still figuring out the Utica/Point Pleasant play while it is making progress on well completions in the Bakken/Three Forks and adding acreage to its recently announced East Texas Eagle Ford play, CEO Floyd Wilson said Thursday.

May 3, 2013

CERI: Competition for Asian LNG Markets Tightening

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

February 11, 2013

CERI: Competition for Asian LNG Markets Tightening

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

February 7, 2013

Permian Lifts Devon’s Production Numbers

Onshore unconventional powerhouse Devon Energy Corp. plans to spend “significantly less” on exploration in 2013, but exploration activity still will remain at 2012 levels, CEO John Richels said Wednesday.

November 9, 2012

WSI: Hurricane Season Already Winding Down

The closing weeks of the 2012 Atlantic hurricane season, which officially runs until Nov. 30, will see what has been a busy tropical season winding down quickly, according to Weather Services International (WSI), which increased its forecast to 17 named storms, including nine hurricanes, two of them major (Category 3 or higher).

September 26, 2012

Industry Brief

The Port of Corpus Christi (Texas) accepted a $7 million bid from Oxy Ingleside Property Holdings LLC, a unit of Occidental Petroleum Corp. (Oxy), for a nearly 100-acre campus portion of the former U.S. Naval Station Ingleside (NSI). Oxy Ingleside currently has about 816 acres of the former NSI under purchase contract. The sale agreement for the campus portion will be presented for approval at the Port Commission meeting scheduled for Aug. 14. Occidental Chemical has operated a chemical plant at Ingleside since 1987. The campus portion is the third and final piece of the former naval base to be sold. Oxy has said it plans development of the base property in phased projects worth about $1 billion. Projects could include pipeline and barge facilities to handle liquefied petroleum gas produced from the Eagle Ford Shale; a liquefied natural gas facility also is possible, along with storage for crude oil, condensate and refined products, Oxy officials have told Ingleside City officials. An Oxy spokesman declined to provide further details. “The campus property complements the previous acquisition of the port property by Oxy Ingleside Property Holdings LLC [see Shale Daily, April 2], and we will investigate other uses for the property after closing, said spokesman Eric Moses.

August 3, 2012
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