Dallas-based Pioneer Natural Resources Co. has agreed with a subsidiary of Carmeuse Holding S.A. (Luxembourg) to acquire its U.S. industrial sands business, Carmeuse Industrial Sands (CIS), for $297 million, giving it a large supply of sand for hydraulic fracturing (fracking) activities.
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Transportation Notes
Due to a pigging operation resulting in “an excessive amount of emulsified liquids, water and other nonspec material arriving onshore,” the necessary treatment for the emulsified liquids has resulted in a takeaway delay, Stingray said. Being unable to deliver gas to downstream pipelines, Stingray declared a force majeure and began refusing to accept nominations Wednesday until further notice.
North Dakota Proposes Drilling Waste, Fracking Rules
Proposed rule changes for handling drilling waste products and hydraulic fracturing (fracking) were approved Tuesday by the North Dakota Industrial Commission. They drew an immediate negative reaction from the North Dakota Petroleum Council, which claimed the changes would add up to $300,000 of added costs/well.
Texas Senate OKs Frack Fluid Disclosure
The Texas Senate Wednesday evening unanimously passed legislation to require disclosure of the contents of hydraulic fracturing (fracking) fluid, “breaking ground that no other state has done,” according to state Sen. Troy Fraser (R-Horseshoe Bay). However, a floor amendment could thwart the bill’s progress.
Williams Pays $925M to Acquire Bakken Shale Leasehold
As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.
Crosstex Expands Network, Completing Purchase of Louisiana Intrastate Gas (LIG)
Rapidly expanding Crosstex Energy LP, a Texas-based midstream natural gas company, Thursday said it had completed the previously-announced acquisition of the LIG Pipeline Co. and its subsidiaries (LIG Inc., Louisiana Intrastate Gas Co. LLC, LIG Chemical Co., LIG Liquids Co. LLC and Tuscaloosa Pipeline Co.) from American Electric Power (AEP) for $76.2 million.
Transportation Notes
The maintenance outage of Unit #7 at Princess B CompressorStation, originally scheduled for completion April 30, is nowexpected to end April 23 due to accelerated material delivery datesand additional crews on-site when possible, NOVA reported.