If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
Kansas
Articles from Kansas
Operators Move Rigs to 69 New Counties Nationally Last Week
If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
Seneca Resources Completes Wells in Marcellus and Utica
Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.
Encana Bets Big On Tuscaloosa Marine Shale
Encana Corp. has about 50 billion bbl of oil in place in its five largest liquids plays, according to Eric Marsh, executive vice president. Earlier this month at Barclays CEO Energy/Power Conference, the Tuscaloosa Marine Shale (TMS) was at the top of his list.
Noble Continues Noncore Sales, Ramps up Denver-Julesburg
Noble Energy Inc. has agreed to sell oil and natural gas properties in Kansas, including about 250 producing wells on approximately 14,000 net acres, to an affiliate of Citation Oil & Gas Corp. for $140 million as part of an ongoing divestiture plan, the Houston-based company said Monday.
Plains Crude Handling Projects Target Texas, Colorado
Plains All American Pipeline LP is wrapping up more than 145 miles of crude oil pipeline projects that are expected to add 200,000 b/d of takeaway capacity from the Bone Spring, Spraberry and Wolfberry producing areas in nine West Texas counties.
Missouri Gas Probe Finds Capacity Rules Violated
FERC’s Office of Enforcement has preliminarily determined that Kansas City, MO-based natural gas distributor Missouri Gas Energy (MGE) violated the agency’s capacity release regulations. The alleged violations involved a total of almost 69 Bcf of capacity.
Industry Briefs
Linn Energy LLC has agreed to pay $1.2 billion to acquire BP plc’s Hugoton Basin properties in Kansas, the largest conventional gas field in the United States. The agreement, set to close by the end of March, includes the 450 MMcf/d Jayhawk Natural Gas Processing Plant and 2,400 producing gas wells on 600,000 net acres. The properties have a decline rate of about 7% and are expected to provide 110 MMcfe of liquids production, Linn CEO Mark E. Ellis said. The wells are 98% operated, with an estimated 800 future drilling locations. The leasehold is 63% weighted to gas, and reserves life is estimated at 18 years. Proved reserves are estimated at 730 Bcfe, with 81% proved developed. Linn entered into hedging contracts for 100% of the natural gas production associated with the transaction through 2016 using a combination of 50% swaps and 50% puts. In addition, 68% of the natural gas liquids output is hedged through 2016.
Linn to Pay BP $1.2B for Hugoton Basin Leasehold
Linn Energy LLC late Monday said it agreed to pay $1.2 billion to acquire BP plc’s natural gas rich Hugoton Basin properties in Kansas.
Oklahoma Midstream Assets Change Hands; Expansion Planned
Tulsa-based midstream company Caballo Energy LLC is targeting the Mississippi Lime of Oklahoma and Kansas, and the Cana Woodford Shale with its acquisition of Eagle Chief Midstream LLC, which owns a gas gathering and processing system in northwestern Oklahoma.