A unit of Occidental Petroleum Corp. (Oxy) has a tentative agreement with Port of Corpus Christi, TX, administrators to acquire a major portion of the former U.S. Naval Station Ingleside. Oxy’s Ingleside Property Holdings LLC would acquire more than 1,200 acres for $82.1 million. Completion of the deal is subject to approval of the Port Corpus Christi commission and the company’s board. “Definitely, Eagle Ford Shale is part of the opportunity that plays into this strategic investment,” Paul Thomas, manager of Oxy Chem’s existing Ingleside, TX, plant told the Corpus Christi Caller Times. An Oxy spokesman would not provide additional information when contacted by NGI’s Shale Daily.
Contacted
Articles from Contacted
Colorado: Jurisdiction Battle Over Fracking Unfolds
With at least two cities having passed ordinances banning hydraulic fracturing (fracking) until local rules for it can be established, state legislation has been proposed (SB 88) to reiterate that the Colorado Oil and Gas Conservation Commission (COGCC) has jurisdiction to oversee the practice by oil/gas exploration and production (E&P) companies.
February 15, 2012
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
