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Shale Development Pushing New Mexico to 30-Year Production High

Shale Development Pushing New Mexico to 30-Year Production High

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

January 3, 2013

Bakken Water Recycling Solution Emerges

Initial tests of a process used in the Bakken Shale in North Dakota indicate that up to 80% of the water used in hydraulic fracturing (fracking) may be recycled successfully, according to the state’s chief oil and natural gas official.

November 26, 2012
Southwestern Gives $900K to Restore Waterways in Arkansas

Southwestern Gives $900K to Restore Waterways in Arkansas

A Southwestern Energy Co. official said the company will donate $900,000 to The Nature Conservancy to fully fund the first of a three-phase project to restore waterways in Arkansas’ portion of the Fayetteville Shale.

November 13, 2012

Enterprise Adds Texas NGL Fractionation, Crude Storage

The initial phase of Enterprise Products Partners LP’ Enterprise Crude Houston (Echo) storage terminal is complete and the facility is receiving deliveries of crude oil. Separately, the partnership said its sixth natural gas liquids (NGL) fractionator at Mont Belvieu, TX, has entered operation.

November 5, 2012

200 MMcf/d of Marcellus Processing Capacity Goes Online

Operations have begun at MarkWest Energy Partners’ Sherwood I gas processing plant and the initial phase of its high-pressure gas gathering system in Harrison and Doddridge counties, WV, to serve the Marcellus production of Antero Resources.

November 1, 2012

Fitch: Eagle Ford Spending Easier on Midstream Credits

Liquids-rich gas and high initial production rates from oil wells are driving red hot interest in the Eagle Ford Shale, and this is only bolstered by the region’s established midstream infrastructure and proximity to energy markets, Fitch Ratings said in a new report. More isolated shale basins need costly “mega pipelines,” which are tougher on credit ratings, Fitch said.

October 16, 2012

Gulfport Drills Another Whopper in Utica Shale

Gulfport Energy Corp. reportedly has the best producing well to date in the Utica Shale, according to initial production (IP) data released by the Oklahoma City-based operator.

October 15, 2012

Eaglebine Purchase, IPO Planned by Texas Producer

Energy & Exploration Partners Inc. on Monday said in a filing with U.S. regulators that it intended to raise up to $275 million through an initial public offering (IPO) of its common stock. In conjunction with the filing, the producer said it had agreed to buy acreage in the Eaglebine formation of Texas from Chesapeake Energy Corp. for $125 million.

September 13, 2012

Questar Seeks Open Season Support for Wyoming Compressor Upgrade

Questar Pipeline Co. is holding a binding open season through Sept. 10 for capacity that will be created by new replacement compressor facilities at its existing Simon Station in Sweetwater County, WY.

August 15, 2012

Ohio Investment Group Bankrupt, Agrees to Pay SEC $4.5M

A group of companies in Ohio that raised nearly $10 million from investors for oil and natural gas development projects has filed for bankruptcy and has agreed to pay the U.S. Securities and Exchange Commission (SEC) a $4.5 million judgment.

August 14, 2012