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.
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Crosstex Energy LP has completed two projects aimed at getting shale oil and condensate to higher paying markets.
Summit Midstream Partners LLC plans to significantly expand its crude oil and water gathering system in North Dakota’s Williams and Divide counties in the Bakken Shale, the Dallas-based partnership said.
Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.
A unit of General Electric said Monday it has completed acquiring substantially all of the assets of a Texas-based small-scale liquefied natural gas (LNG) design/manufacturing firm, underscoring a recent consultant report that the shale boom is creating a more viable market for natural gas in the transportation sector.
Houston’s Spectra Energy has completed more than 70% of the New Jersey-New York natural gas pipeline expansion project, and services will launch later this year to carry critically needed supplies into one of the biggest service markets in the United States, CEO Greg Ebel told investors earlier this month.
Planning for the proposed Bluegrass Pipeline, which would carry mixed natural gas liquids (NGL) from the Northeast to the Gulf Coast, is still in early stages, but the project has piqued the curiosity of analysts who follow Bluegrass partner Boardwalk Pipeline Partners LP.
A diverse set of federal and state stakeholders has completed a new conservation plan for Utah that is designed to protect more than 90% of greater sage grouse habitat through a combination of incentives and “reasonable” regulations, Gov. Gary Herbert said last week.
Utah Gov. Gary Herbert on Wednesday said his state has completed a conservation plan to preserve greater sage grouse in his state, protecting more than 90% of the state’s species through a combination of incentives and “reasonable” regulation.
ExxonMobil Corp. and Qatar Petroleum International (QPI) on Monday signed a memorandum of understanding (MOU) to jointly evaluate unconventional natural gas and associated liquids resources in North America, as well as global opportunities for liquefied natural gas (LNG).