EQT Midstream Partners LP said late Wednesday it would acquire the Jupiter natural gas gathering system in southwest Pennsylvania from affiliate EQT Corp. for a larger-than-expected purchase price of $1.18 billion.
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Operators focused on crude oil and liquids reserves growth are building warehouses of prospects for future exploration, according to Topeka Capital Markets.
Questar Corp.’s exploration and production subsidiary on Monday agreed to pay $106.4 million to bolt-on more natural gas wells to an existing leasehold in Wyoming.
Denver-based Whiting Petroleum Corp. officials said Friday they expected to greatly ramp up production in both the Bakken and Niobrara shale plays later this year as they reported production for the second quarter that was up substantially from the same period in 2012.
Federal regulators, working with Walter Oil & Gas Corp., said Friday they were continuing to oversee and coordinate response efforts to secure the producer’s South Timbalier Block 220 natural gas well in the shallow Gulf of Mexico (GOM), which blew out last Tuesday and ignited a fire later that night.
Thanks to the Marcellus Shale, Houston-based Cabot Oil & Gas Corp. recently completed the best quarter in its history on an operational and financial basis, said CEO Dan Dinges. The company is adding a sixth rig in the play as it anticipates multiple infrastructure projects will come online in the months ahead, increasing the ability to get its gas to markets.
ENGlobal Corp. has been awarded a $5 million contract to provide engineering and procurement support services for a cryogenic processing plant being built in Carroll County, OH, and owned by Utica East Ohio Midstream LLC (UEO).