Investments

Kinder’s New Eagle Ford Crude Pipeline Enters Service

Kinder Morgan Energy Partners LP’s (KMP) Crude/Condensate pipeline (KMCC) has entered service, carrying crude oil and condensate from the Eagle Ford Shale of South Texas to the Houston Ship Channel.

June 15, 2012

Russia’s Rosneft Gains First Entry to North America

Strategic cooperation agreements inked with ExxonMobil Corp. on Monday will give Russian state-owned OAO Rosneft its first investments in North American oil and gas fields.

April 17, 2012

Industry Brief

Wyoming’s Office of State Lands and Investments garnered $11.6 million for first-year rental and application fees on state trust land parcels offered at a quarterly oil/natural gas lease sale last Wednesday in Cheyenne. The state lands office sold all 199 parcels it offered covering approximately 83,609 acres of state trust lands. Bids ranged from $1 to $5,500/acre, the state unit said. Revenue generated from the state trust lands oil/gas lease auction is distributed to public education, the University of Wyoming and the Veteran’s Home of Wyoming. The “real revenue” from the auction comes later when there is production from the leases, according to Ryan Lance, director of the lands/investment office. The office will hold its next oil/gas lease auction Aug. 8.

April 10, 2012

Chevron Phillips to Build Another Texas Liquids Facility

In an effort to expand its production of olefins, Chevron Phillips Chemical Company LP plans to build a massive 1-hexene plant at its Cedar Bayou Chemical Complex in Baytown, TX.

April 4, 2012

France’s Total Researching Colorado Oil Shale

While its investments with Chesapeake Energy Corp. in Barnett and Utica shale gas and oil plays have been widely publicized, Paris-based Total SA also is quietly investing in a major research and development (R&D) project looking at in-ground ways to develop oil shale, an unrealized dream of energy independence that the industry and some policymakers have flirted with for decades.

March 16, 2012

MarkWest Builds Appalachian Midstream Business

As Appalachian Basin operators cut back dry gas investments to focus on liquids, MarkWest Energy Partners LP is accommodating with a major expansion of its Marcellus, Utica and Huron shale operations.

February 6, 2012

MarkWest Expanding Midstream Business Across Appalachia

As Appalachian Basin operators cut back dry gas investments to focus on liquids, MarkWest Energy Partners LP is accommodating with a major expansion of its Marcellus, Utica and Huron shale operations.

February 2, 2012

FERC Urged to Act Quickly on Millennium Marcellus Project

Southwestern Energy Services Co. (SESC), an anchor shipper on a Millennium Pipeline expansion project that will transport Marcellus Shale gas, has urged FERC to approve the mostly compression expansion of Millennium by Feb. 1 so that it can be in operation by Nov. 1, delivering additional supplies to Northeast and New England markets.

January 5, 2012

Global E&P Seen Beginning Multi-Year Growth Spending Cycle

Exploration and production (E&P) companies are in the early stages of a “multi-year, double-digit growth spending upcycle” around the globe that is characterized by increased drilling in complex geologies on land, as well as deepwater development, according to a new survey by Barclays Capital analysts.

December 7, 2011

Wyoming Delays Action on Gas Flaring Policy

Seeking to coordinate more closely with other state stakeholders, Wyoming’s Office of State Lands and Investments decided to delay action on the state’s draft policy on natural gas flaring until January. That would put off action until the State Board of Lands Commissioners, which includes Gov. Matt Mead, meets next year.

December 5, 2011