Houston’s TC PipeLines LP late Wednesday increased its natural gas partnership by one-third in a $1.05 billion agreement with parent TransCanada Corp. that would give it control over both Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC.
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Articles from Houston
George Mitchell Lionized by Texas Lawmakers
George P. Mitchell, whose company successfully paired horizontal drilling with hydraulic fracturing (fracking), which launched the rebirth of onshore natural gas and oil drilling in North America, was honored Monday by Texas Gov. Rick Perry and state legislators.
Plains Expanding Deepwater Operations in Louisiana
Houston’s Plains Exploration & Production Co. is building a facility in Broussard, LA, to support its deepwater Gulf of Mexico (GOM) operations, according to the Lafayette Economic Development Authority (LEDA).
Spectra Advances Northeast Gas Projects, Eyes Florida
Houston’s Spectra Energy has completed more than 70% of the New Jersey-New York natural gas pipeline expansion project, and services will launch later this year to carry critically needed supplies into one of the biggest service markets in the United States, CEO Greg Ebel told investors earlier this month.
Eagle Ford Helped Carrizo Set Oil-Driven Records During 1Q
Houston-based Carrizo Oil & Gas Inc. turned in first quarter results that included record production and revenue driven by record oil results.
Spectra Advances Northeast Gas Projects, Eyes Florida Expansion
Houston’s Spectra Energy has completed more than 70% of the New Jersey-New York natural gas pipeline expansion project, and services will launch later this year to carry critically needed supplies into one of the biggest service markets in the United States, CEO Greg Ebel told investors on Friday.
Industry Brief
Kinder Morgan Energy Partners LP has signed a long-term contract to support the expansion of its Sweeny Lateral pipeline, which it is building from the Kinder Morgan Crude Condensate pipeline to Phillip 66’s Sweeny Refinery in Brazoria County, TX. The expansion will increase the capacity on the 27-mile, 12-inch diameter lateral from an initial 30,000 b/d to 100,000 b/d. Kinder Morgan will add new pumps and an additional 120,000 bbl storage tank at its Wharton Pump Station in Wharton County, TX, and increase the truck offload capabilities at its DeWitt Station in DeWitt, County, TX. “We are pleased to provide Phillips 66 with a flexible option to move more crude and condensate out of the Eagle Ford Shale to their refinery in Sweeny,” said KMP Products Pipelines President Ron McClain. Kinder Morgan’s crude/condensate pipeline, which went into service last June, transports crude/condensate from the Eagle Ford to the Houston Ship Channel.
Contango, Crimson Agree to Merge
Houston-based operators Contango Oil & Gas Co. and Crimson Exploration Inc. have agreed to merge in an all-stock transaction that would create a company with prospects in the Gulf of Mexico’s (GOM) shallow water, as well as unconventional acreage in the United States and Canada.
Alaska, Feds to Study State’s Unconventionals, Methane
The Alaska Department of Natural Resources (DNR) and the U.S. Department of Energy’s (DOE) Office of Fossil Energy last week inked an agreement at the LNG 17 conference in Houston to work together — and with potential investors — to dig down and study unconventional energy resources in Alaska’s Arctic.
Alaska, Feds to Study State’s Unconventionals, Methane
The Alaska Department of Natural Resources (DNR) and the U.S. Department of Energy’s (DOE) Office of Fossil Energy on Tuesday inked an agreement at the LNG 17 conference in Houston to work together — and with potential investors — to dig down and study unconventional energy resources in Alaska’s Arctic.