Limited

April Explosion in Pennsylvania Still Limiting Tetco Flows

April Explosion in Pennsylvania Still Limiting Tetco Flows

More than a month after a massive explosion in Southwest Pennsylvania knocked out service on a portion of Texas Eastern’s (Tetco) Penn-Jersey Line in the M3 Zone, three pipelines still remain shut-in, limiting flows east of the Delmont Compressor station.

June 8, 2016

EQT Proposes Compressor Station to Relieve Marcellus Constraint

EQT Gathering LLC has filed an application to build and operate the Derry Compressor Station in Westmoreland, PA, and other compression facilities to move natural gas from the Marcellus Shale region to interstate markets.

July 19, 2013

Industry Briefs

NGL Energy Partners LP has acquired the assets of High Roller Wells LLC’s Big Lake SWD No. 1 Ltd., a Texas limited partnership. The Big Lake acquisition expands NGL’s water services business by adding a high-capacity, strategically located, oil and gas water disposal facility to its portfolio of water treatment and gathering infrastructure. The acquisition brings an 25,000 barrels of disposal capacity in the growing Permian Basin in West Texas, the company said.

July 9, 2013

Devon to Launch Natural Gas MLP

Devon Energy Corp. is renewing long-pursued efforts to form a midstream master limited partnership (MLP) to hold some of its natural gas gathering and processing assets in Texas, Oklahoma and Wyoming.

June 7, 2013

Massachusetts Firm Sets Bi-Coastal Virtual Oil Pipeline

With acquisitions and infrastructure agreements in hand, Waltham, MA-based Global Partners LP, a publicly traded master limited partnership, is establishing a “virtual pipeline” for shipping North Dakota Bakken and Canadian crude oil to refineries on both the U.S. West and East Coasts.

May 15, 2013

Shale Advantage to Stay in North America, Moody’s Says

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013

Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

April 25, 2013

Low U.S. NatGas Prices Attract Australian Ammonia Investment

Low natural gas prices and a “responsive regulatory environment” have prompted Australia’s Incitec Pivot Limited (IPL) to devote $850 million toward the construction of a world scale ammonia manufacturing plant on a brownfield site in Waggaman, LA, the company said Wednesday.

April 18, 2013

ExxonMobil Urges Shareholders to Defeat Shale Proposals

Shareholders once again are urging ExxonMobil Corp. to report how its natural gas operations in shale formations impact the environment. The oil major once again is recommending the proposal be defeated.

April 15, 2013

A ‘Miss’ in Lime Sale for Chesapeake? Operators Remain Optimistic

The deal that Chesapeake Energy Corp. made on Monday to sell half its leasehold in the Mississippian Lime was calculated at around $2,500/acre gross, or less than $1,000/acre net, not necessarily the price that the market had been expecting. The lower expected price may be attributed to several things, said analysts: foreign firms getting more savvy about undeveloped leaseholds, the value of the formation, or Chesapeake’s hurry to fix its balance sheet.

February 27, 2013
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