Condensate

Enterprise Products Partners LP and Anadarko Petroleum Corp. have struck another midstream services deal to handle growing production from the Eagle Ford Shale of South Texas.

Liquids production — both crude oil and condensate — is rising significantly at several shale plays in the United States as operators increasingly target the liquids-bearing portions of these formations, according to Austin, TX-based HPDI LLC, a supplier of data on the oil and natural gas industry.

Petrohawk Energy Corp. has sold its natural gas assets in the Fayetteville Shale to XTO Energy Inc., a subsidiary of ExxonMobil Corp., for $575 million, the company said. The deal puts ExxonMobil at No. 2 in the Fayetteville leaseholder pack.

Enterprise Products Partners LP has struck 10-year agreements to handle “a substantial portion” of Chesapeake Energy Corp.’s liquids-rich gas production in the Eagle Ford Shale in South Texas.

North American operators are continuing to shift from conventional natural gas plays “to oil and shales, particularly the gas and condensate plays,” which puts Weatherford International Ltd. in a particularly strong position, CEO Bernard Duroc-Danner said last week.

North American operators are continuing to shift from conventional natural gas plays “to oil and shales, particularly the gas and condensate plays,” which puts Weatherford International Ltd. in a particularly strong position, CEO Bernard Duroc-Danner said Tuesday.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

Denver-based Barrett Resources Corp. reports that its provedreserves are up 21% to 1,372 Bcfe as of Dec. 31, 2000. The totalincludes 1,323 Bcf of natural gas and 8.1 MM bbl of crude oil andcondensate, of which 42% is undeveloped. Gas reserves represent 96%of total proved reserves, which were 1,076 Bcf and 9.7 MM BBls atthe end of 2000.