Develop

More than 85% of Houston-based Rosetta Resources Inc.’s 2013 capex budget of $700 million will be spent in the liquids-rich window of the Eagle Ford Shale. About 10% of spending will go to evaluation of new venture opportunities outside the Eagle Ford that the company recently began talking about.

What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.

Enbridge Inc. unit Enbridge Rail (Philadelphia) LLC and Canopy Prospecting Inc. have formed the Eddystone Rail Co. to develop a unit-train facility and related pipeline infrastructure near Philadelphia, PA, to deliver Bakken and other light sweet crude oil to Philadelphia area refineries.

U.S. shale plays are on the right track, regulation-wise, even regarding hydraulic fracturing (fracking), according to oil and natural gas professionals surveyed recently by Deloitte LLP.

MarkWest Energy Partners said Wednesday it plans to add 200 MMcf/d of natural gas processing infrastructure this month at its Mobley complex in Wetzel County, WV, to support rich-gas production in the Marcellus Shale by EQT Corp., Magnum Hunter Resources Corp. and others.

Some glitches are being observed in the rush to develop liquefied natural gas (LNG) export projects in Western Canada as the timeline shortens for U.S. Department of Energy (DOE) rulings on more than a dozen similar projects aimed at non-free trade agreement (FTA) nations, according to a report issued last week by Barclays Commodities Research.

Calpine Corp. has confirmed that it plans to develop a 309 megawatt natural gas-fired generation plant in Delaware and continue its efforts to switch from coal to gas in the portfolio it obtained when it acquired Conectiv Energy’s generation fleet from Pepco Holdings Inc. in a $1.3 billion deal two years ago (see Daily GPI, Aug. 2, 2010). Calpine said the completion of the Garrison Energy Center in Dover, DE, depends upon “continued successful development milestones,” but Calpine is “committed to proceed with full-scale development efforts.” Calpine CEO Jack Fusco said Calpine voluntarily eliminated the coal-fired plants among the 19 facilities it purchased from Pepco, and the Garrison plant development is the next step in that commitment.

Some glitches are being observed in the rush to develop liquefied natural gas (LNG) export projects in western Canada as the timeline shortens for U.S. Department of Energy (DOE) rulings on more than a dozen similar projects aimed at non-free trade agreement (FTA) nations, a report Monday from Barclays Commodities Research said.

TransCanada Corp said Monday it entered into binding agreements with Phoenix Energy Holdings Ltd. to develop a $3 billion pipeline project in Northern Alberta to move oil sands crude and large amounts of diluent.