Penn Virginia Corp. reported Tuesday that it has completed its acquisition of Eagle Ford Shale assets located primarily in Lavaca County, TX from Devon Energy Corp. for $205 million in cash.
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San Antonio-based Lilis Energy Inc. (LLEX), which began trading on the Nasdaq Tuesday, has drilled and completed its first two operated horizontal Wolfcamp B wells in the Delaware Basin, a sub-basin of the Permian, with initial production rates “significantly exceeding” the expected type curve, the company said Wednesday.
Looking to expand its portfolio of Permian sub-basin targets, Dallas-based RSP Permian Inc. said this week that it has completed the first part of itspreviously announced acquisitions of Silver Hill Energy Partners, LLC (“SHEP I”) and Silver Hill E&P II, LLC (“SHEP II).
The Obama administration’s U.S. Army Corps of Engineers (USACE) on Monday again delayed making a final decision on a 1,000-foot easement to tunnel under part of the Missouri River to complete the $3.8 billion, nearly 1,200-mile Dakota Access oil pipeline.
Texas Eastern Transmission LP (Tetco) said in a notice posted last week that it has completed a quarter of the work necessary to restore its Penn-Jersey system to full capacity after it was damaged in an explosion and fire in Westmoreland County, PA, earlier this year.
UGI Energy Services Inc. has completed two gathering projects in northeast Pennsylvania that will give a boost to utility customers with locally-sourced natural gas and help operators move more of their production to sales.
Repairs were completed Wednesday and local natural gas utility service began to be restored in the far northwest corner of Minnesota, following a rupture and explosion Monday on a portion of Oneok Partners LP’s 24-inch diameter Viking Gas Transmission Pipeline (see Daily GPI, May 27).
Colorado Interstate Gas Pipeline(CIG) is back in full operations after being forced to shut down operations on a portion of its 4,300-mile pipeline system in the Rockies, aKinder Morgan Inc.(KMI) spokesperson said Tuesday. Inspection and recovery have been completed on two buried laterals that were exposed by the historic flooding and runoff in areas north and west of Denver. A force majeure had been declared and the pipeline taken out of service in mid-September (seeDaily GPI,Sept. 17). CIG is a unit ofEl Paso Pipeline, a subsidiary of KMI. The laterals were taken out of service as a precaution until they could be inspected, recovered and brought back online. CIG Lines 59A and 252A had been taken out of service; 59A delivers to theYoung Gas Storage Co., and 252A transports gas to the Tritown delivery point. CIG includes 4.5 Bcf capacity pipelines linked to gas production areas in the Rockies and the Anadarko Basin. It links directly to customers in Colorado and Wyoming and indirectly to other areas. CIG also owns interests in five storage facilities with 35 Bcf of working capacity in Colorado and Kansas.
In a blow to oil and gas development in northeast Pennsylvania, Newfield Exploration Co. and its joint venture (JV) partner, Hess Corp., have terminated about 1,500 leases in the region and dashed hopes that landowners could earn about $187.5 million in lease payments.
Denver-based Kodiak Oil & Gas Corp. has completed its acquisition of 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC. The deal included core Bakken and Three Forks producing properties in addition to undeveloped leaseholds.