Targa Resources Partners LP has made an anchor commitment to DCP Midstream LLC’s Sandhills Pipeline, DCP said Monday. The long-term agreements provide for an interconnection of Sandhills to a new delivery point with Targa’s Cedar Bayou Fractionators LP facility at Mont Belvieu, TX.
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UGI Begins Service at Marcellus Storage Facilities
Following the successful completion of its initial open season to sell firm storage services from natural gas storage assets located in north-central Pennsylvania, UGI Storage Co. commenced service April 1 for winning bidders, including Virginia Power Energy Marketing, UGI Central Penn Gas (UGI CPG), J. Aron/Goldman Sachs and New Jersey Resources Energy Services, the Reading, PA-based company said.
Transportation Notes
Westcoast ended Thursday a high-linepack OFO that had been implemented Sunday.
Australian Company Targeting Eagle Ford, Austin Chalk
Australia’s Eureka Energy Ltd. recently agreed to acquire 3,975 net acres in Burleson and Washington counties, TX, within the eastern liquids-rich fairway of the Eagle Ford Shale. The acreage potentially is within the gas condensate window as well, the company said.
ONEOK Partners Advances Bakken Midstream Projects
ONEOK Partners plans to invest another $260-305 million between now and the end of 2014 for new projects in the Bakken Shale in the Williston Basin, with most of the money earmarked for natural gas midstream projects.
Equity Investors Snap Up Gas Compression Services Company
The Riverstone/Carlyle Global Energy and Power Funds Monday announced completion of the acquisition of USA Compression Holdings LP, the parent company of USA Compression Partners LLC, a natural gas compression services company headquartered in Austin and Dallas, TX. Terms of the transaction were not disclosed.
Reaction to Delaware Watershed Rules Mixed
The members of the Delaware River Basin Commission (DRBC) likely knew what would happen once they issued their 83-page proposed rulemaking to conditionally allow natural gas drillers to tap into the watershed.
Pennsylvania Hunters Cautioned About Gas Patch
Pennsylvania hunters will likely find a changed woods this hunting season and may be surprised by the level of disturbance and activity on public lands in the north-central, northeastern and southwestern regions of the state, according to a wildlife expert in Penn State’s College of Agricultural Sciences.
Senate Amendment Would Preserve FERC’s Market Authority
As broad financial reform legislation neared completion in the Senate, a bipartisan group of senators slipped in an amendment cutting off a move by the Commodity Futures Trading Commission (CFTC) to claim sole jurisdiction over natural gas and power transactions. The amendment passed by voice vote on the Senate floor Tuesday night, preserving the existing authority of individual states and FERC in the oversight of the natural gas and power markets.
Yemen LNG Brings Second Train Online
Yemen LNG Co. began producing liquefied natural gas (LNG) from its second train last Thursday, one month ahead of schedule. With the completion of Train 2 at the LNG terminal at Balhaf on the Gulf of Aden, Yemen LNG production will soon reach design capacity of 6.7 million metric tons per year, the company said Friday.