A report released earlier this month that details activity in Ohio’s Utica Shale play underscores the rapid rate at which midstream companies are working to catch-up with exploration and production companies that have a backlog of wells shut-in and waiting to come online.
Articles from Cryogenic
Gastar Exploration Ltd.said it is closing on the sale of its East Texas properties toCubic Energy Inc., a transaction that was delayed multiple times to accommodate the financing needs of Cubic (seeShale Daily,Sept. 25). Gastar said it expects to receive $39.2 million in proceeds in addition to the $4.7 million deposit previously paid by Cubic by Oct. 2. The deal was announced in April (seeShale Daily,April 23).
Growing natural gas production in the Permian Basin has prompted Atlas Pipeline Partners LP to announce plans for a new 200 MMcf/d cryogenic processing plant, which will be anchored by production from Pioneer Natural Resources Inc.
Magnum Hunter Resources Corp. is planning to build production through the rest of this year from its substantial asset base in the Appalachian Basin after being knocked back early this year from a lack of pipeline capacity for natural gas liquids (NGL), CEO Gary Evans said Tuesday.
To support rapidly expanding drilling programs in the Utica Shale’s southern core, MarkWest Utica EMG LLC on Friday agreed to construct a third 200 MMcf/d cryogenic natural gas processor at the Seneca complex in Noble County, OH.
Enbridge Energy Partners LP plans to construct a 150 MMcf/d cryogenic gas processing plant near Beckville in Panola County, TX, that would expand the partnership’s processing capacity to 820 MMcf/d in the Cotton Valley and Haynesville Shale regions. The plant, expected to cost $140 million, is to be located in the heart of the rich gas Cotton Valley, would interconnect with existing natural gas liquids infrastructure. Construction is to begin late this year with start-up in early 2015.
EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.
DCP Midstream LLC and DCP Midstream Partners LP said they are constructing the Goliad cryogenic gas processing plant to serve liquids-rich production from the Eagle Ford Shale in South Texas. The plant will have capacity of 200 MMcf/d and will become part of the DCP Eagle Ford system providing Eagle Ford producers one-stop service from the plant tailgate to Gulf Coast market centers, the partners said. The plant will be constructed and funded by the previously announced DCP Eagle Ford Joint Venture formed Nov. 1, which is owned two-thirds by DCP Midstream and one-third by DCP Midstream Partners. It is expected to be completed by the first quarter of 2014. The plant will be the seventh in South Texas owned by the DCP enterprise.
Broken Arrow, OK-based Magnolia Petroleum Plc announced successful well results in the Mississippian Lime play on Tuesday and said well costs would be recovered quickly.