Western Gas Partners LP has exercised an option to acquire a 25% interest in a joint venture with Enterprise Products Partners LP to own two fractionation trains (Trains 7 and 8) being constructed in Mont Belvieu, TX. The trains, scheduled to begin service later this year, would be operated by Enterprise. Western, formed by Anadarko Petroleum Corp., also plans to begin constructing a second cryogenic processing train at its Lancaster plant in the Denver-Julesburg Basin this year. Lancaster II is expected to have a capacity of 300 MMcf/d with throughput of 200 MMcf/d guaranteed by an Anadarko subsidiary. The partnership anticipates the project will cost $165 million, with 50% spent in 2013 and the remainder spent by early 2015. The new train is expected to begin operating in early 2015.
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Articles from Joint
Halcon Spending More on East Texas Eagle Ford
Halcon Resources Corp. said Monday it will be spending more on its East Texas Eagle Ford Shale play, known as El Halcon.
Consol-Noble JV to Build Marcellus Dry Gas Pipeline
With natural gas prices increasing, a joint venture (JV) in the Marcellus Shale has announced plans to build a dry gas pipeline across two neighboring counties in north-central West Virginia.
EVEP Seeking JV Partners to Unlock Utica Volatile Oil Window
Officials with EV Energy Partners LP (EVEP) say the company is still looking to sell thousands of wet gas acres in the Utica Shale and is looking for one or more joint venture (JV) partners in the play to develop the volatile oil window.
Eagle Ford Crude Lifted Enterprise 1Q Results
Enterprise Products Partners LP overcame the effect of lower natural gas processing margins in its pipelines and services segment to deliver record gross operating margin during the first quarter, as well as a 16% increase in profits. Oil-related infrastructure put in a strong showing, particularly in the Eagle Ford Shale
Industry Briefs
A news media tour was held Saturday at the Mayflower, AR, oil spill area under the joint command of local, state and federal officials, as well as ExxonMobil representatives. The event was held to provide an update of the spill, which occurred March 29 when a portion of the ExxonMobil Pegasus Pipeline ruptured. Since then, the portion of the 850-mile oil pipeline that failed has been removed for analysis at an independent laboratory and a new section of pipeline installed, all under state and federal oversight. In ExxonMobil’s most recent daily report the company indicated that cleanup was coming to an end and remediation of the area should begin soon. Monitoring by the company and various agencies has indicated that there has been no contamination of water or air from the spilling of what is estimated to be 5,000 bbl of oil. Besides U.S. Environmental Protection Agency representatives, there have been representatives from the federal Pipeline and Hazardous Materials Safety Administration, the Arkansas Attorney General’s Office and local government on the scene since the cleanup began. Arkansas Attorney General Dustin McDaniel launched an investigation several days after the incident (see Shale Daily, April 3).
Royale Touts JV for Alaska North Slope Shale Acreage
Royale Energy Inc. said Wednesday it struck a $43 million joint venture (JV) agreement with an unnamed company to fund exploration costs on its Alaska North Slope acreage.
ZaZa CEO: Most to Gain When Eaglebine Soars
Fresh off an asset streamlining and an Eaglebine joint venture (JV) formation with EOG Resources Corp. (see Shale Daily, March 26), Houston-based ZaZa Energy Corp. executives are touting their heavy weighting to the emerging stacked South Texas play and said what’s learned from the JV will add value to the company’s 100% owned acreage.
ZaZa CEO: Most to Gain When Eaglebine Soars
Fresh off an asset streamlining and an Eaglebine joint venture (JV) formation with EOG Resources Corp. (see NGI, April 1), Houston-based ZaZa Energy Corp. executives are touting their heavy weighting to the emerging stacked South Texas play and said what’s learned from the JV will add value to the company’s 100% owned acreage.
IOGA Seeks Investigation Into Yoko Ono’s ‘Artists Against Fracking’
The Independent Oil and Gas Association (IOGA) of New York has called on the state’s Joint Commission on Public Ethics (JCOPE) to initiate an investigation into apparent violations of lobbying laws by the group known as “Artists Against Fracking,” which is led by Beatles star John Lennon’s widow, Yoko Ono, and their son, Sean Lennon.