PDC Energy Inc. has signed a midstream services agreement with MarkWest Utica EMG LLC and plans to nearly double its capital expenditures (capex) in the Utica Shale for 2013 while also increasing its estimated net production.
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Pipeline Would Link Eagle Ford Gas to Mexico Power Plants
NET Midstream unit NET Mexico Pipeline LP plans to build a 124-mile, 42-inch diameter natural gas pipeline to carry gas produced in the Eagle Ford Shale of South Texas to the Texas-Mexico border.
EMG Increases Capital Contribution to Utica Midstream Venture
Based on success to date in developing a midstream system in the Utica Shale, The Energy & Minerals Group (EMG) said it plans to spend an additional $450 million for its joint venture (JV) with MarkWest Energy Partners LP.
Southwestern CEO: Industry Losing with Fourth-Graders
Some fourth-graders in New York state agree that they don’t want unconventional drilling using hydraulic fracturing (fracking) in their state, but they didn’t arrive at that conclusion because of biased messages in the classroom, said Southwestern Energy CEO Steve Mueller. They just don’t know that “natural gas is a true national treasure.”
Black Hills Bullish on Mancos Gas Shale
Internal test results, couple with those of other local operators, have bolstered Mancos Shale natural gas prospects for Rapid City, SD-based Black Hills Corp., according to CEO David Emery, who offered an optimistic outlook in reporting increased profits for 4Q2012 and all of last year for the diversified utility and exploration and production (E&P) company.
Cove Point LNG Exports Advance on Court Ruling
Dominion said Friday it will proceed with engineering, marketing and regulatory review processes for proposed natural gas liquefaction and export facilities at its Dominion Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay in Lusby, MD, following a favorable court ruling on the project.
Cove Point LNG Exports Advance on Court Ruling
Dominion said Friday it will proceed with engineering, marketing and regulatory review processes for proposed natural gas liquefaction and export facilities at its Dominion Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay in Lusby, MD, following a favorable court ruling on the project.
Most EQT Spending, Drilling in 2013 Will Target Marcellus
EQT Corp. plans to spend $1.5 billion on capital expenditures (capex), drill more than 170 wells and invest $320 million in midstream projects in 2013, according to the company’s operational forecast released Tuesday.
EmKey Acquires NatGas Pipeline Route in New York
A subsidiary of EmKey Energy LLC has acquired the rights to a 75-mile right-of-way (ROW) through three counties in New York’s Southern Tier, in the heart of the state’s portions of the Marcellus and Utica shales.
TransCanada Buys BP’s Stakes in Storage Partnership
TransCanada Corp. agreed to pay BP plc C$210 million to buy out the producer’s interest in the Crossfield Gas Storage facility near Edson, AB, as well as its stakes in an affiliated marketing joint venture (JV) between the two operators.