Experiencing

Sanchez Doubling Production With Eagle Ford Acquisition

Houston-based Sanchez Energy Corp. is buying producing acreage in the Eagle Ford Shale for $265 million that will more than double current company-wide production and increase proved reserves by 63%.

March 20, 2013

Mississippian Paying Off for SandRidge; Market Wary

SandRidge Energy Inc.’s transition from a natural gas producer to an oil explorer appears to be paying off, with the company’s Mississippian Lime operations experiencing success and its bottom line improving, but the market seems unconvinced.

March 4, 2013

Oneok Reports 90,000 B/d of Ethane Rejection

Oneok Inc. and its pipeline partnership currently are experiencing more than 90,000 b/d of ethane rejection across the natural gas liquids (NGL) pipeline systems, a level expected to be in place “for much of the year,” a top executive said last week.

March 4, 2013

Mississippian Paying Off for SandRidge; Market Wary

SandRidge Energy Inc.’s transition from a natural gas producer to an oil explorer appears to be paying off, with the company’s Mississippian Lime operations experiencing success and its bottom line improving, but the market seems unconvinced.

March 4, 2013

Oneok Sees 90,000 B/d of Ethane Rejection Across NGL Systems

Oneok Inc. and its pipeline partnership currently are experiencing more than 90,000 b/d of ethane rejection across the natural gas liquids (NGL) pipeline systems, a level expected to be in place “for much of the year,” a top executive said Tuesday.

February 28, 2013

Midwest Still Enduring Snow, Cold; Futures Draw to A Mixed Close

Physical gas prices Tuesday overall on average added about 6 cents with nearly all points experiencing gains. Midwest points were firm as an exiting storm still made itself felt in the form of 30 mph gusts and typically constrained points in the Northeast also made outsized gains. The expiring March futures contract exited on a modest note, and at the end of trading March had risen 1.3 cents to $3.427 and April had fallen 1.4 cents to $3.456. April crude oil lost 48 cents to $92.63/bbl.

February 27, 2013

API’s Gerard Says Ohio Experiencing Energy ‘Rebirth’

Speaking at the City Club of Cleveland last Friday, the head of the American Petroleum Institute (API) said the state of Ohio is experiencing an energy “rebirth” as a result of the surge in shale gas development and that it could be a game changer for jobs and economic growth in the state.

May 15, 2012

Louisiana: Drillers Going Where the Taxes Aren’t

Producers active in Louisiana — where they enjoy an exemption from state severance taxes on production from horizontal wells — are increasingly eschewing conventional drilling to take advantage of the tax break, and that’s showing up in state revenue figures, according to a recent forecast from the state’s Legislative Fiscal Office. However, industry advocates advise: look at all the other taxes producers are paying.

January 5, 2012

Transportation Notes

Ruby Pipeline flows have been cut to zero until further notice as Ruby declared a force majeure after experiencing a fire and some damage Saturday in its block valve 6 yard in a remote area of southeastern Cache County, UT. A segment of its pipeline around the block valve 6 was shut in and isolated to allow damage assessment and repairs. Ruby said Sunday it is unable to receive or deliver gas. Based on an inspection of the fire damage, which occurred at a gas line to auxiliary equipment, the damage will require more repairs to the valve, valve operator and auxiliary equipment than initially thought, the pipeline added. A road to the snow-covered site has been plowed and repair crews are on site.

December 13, 2011

Transportation Notes

Although the force majeure declared Tuesday is still in effect, Stingray said Thursday it is no longer experiencing liquids takeaway issues. See the bulletin board for a list of points that are being reopened Thursday and Friday for receipts and/or deliveries, along with conditions that must be satisfied for customers to use those points.

November 18, 2011
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