To give the growing Permian Basin its full focus, Laredo Petroleum Holdings Inc. has agreed to sell all of its Granite Wash properties in the Anadarko Basin to affiliates of EnerVest Ltd. for $438 million in cash.
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Articles from Midcontinent
East, Northeast Weaken, But Futures Gain
Cash natural gas prices on average fell 4 cents for weekend and Monday deliveries in Friday’s trading. Gains were posted in the Midwest and Midcontinent as lingering cold was expected to keep temperatures below normal. Eastern and New England locations fell as forecasters predicted a warming trend. At the close of futures trading, April had risen 4.7 cents to $3.629 and May was up 4.6 cents to $3.673. April crude oil rose 39 cents to $91.95/bbl.
Wellhead Freeze-Offs Are Supply Disruption Risk — EIA
As U.S. operators move onshore from the offshore, wellhead freeze-offs are becoming a bigger risk to natural gas supplies, the Energy Information Administration (EIA) said Tuesday in the Short-Term Energy Outlook (STEO).
Latest Abraxas Eagle Ford Well Raises the Bar
In an operations update Monday, San Antonio, TX-based Abraxas Petroleum Corp. said a recent Eagle Ford Shale well turned in solid initial performance. The company’s third well in the WyCross area has outperformed a previous top performer.
Oneok Partners to Expand Williston NGL Capacity
Oneok Partners LP Thursday launched plans to invest up to $500 million between now and 2015 to build additional natural gas liquids (NGL) infrastructure in some of its Midcontinent operations, with the bulk of the funds earmarked for the Williston Basin.
January Expires Lower; Frozen Northeast Outlier Among Nation’s Declines
Despite the fact that a winter chill and storm were still battering much of the Northeast, Midcontinent and Mid-Atlantic, January natural gas futures expired on a negative note Thursday as some market watchers were beginning to question whether the United States might be in for a repeat performance of the overall weather mildness recorded during the 2011-2012 winter.
Producing Region Strength Unable to Counter Consuming Region Loss
The physical market lost a dime on average Thursday, but it was a mixed performance with gains in producing regions such as the Gulf Coast, Midcontinent and Rockies unable to offset free-falling prices in the Northeast and East.
Miss-Understood Lime ‘Unconventional Conventional’ Play
What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said last week.
Miss-Understood Lime ‘Unconventional Conventional’ Play
What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.
Industry Brief
Linde North America has upgraded its carbon dioxide (CO2) plants in Corpus Christi, TX, and Woodward, OK, to better serve the Midcontinent and Eagle Ford Shale regions with expanded CO2 availability. “Linde has brought these plants on stream to supply the surging demand for CO2 in the oil and gas industry,” said Lauren Porambo, CO2 product manager. “The use of CO2 in fracturing completions displaces the use of water, reduces formational damage and enhances well production.” CO2 is injected in a liquid state and converts to a gaseous state down-hole, mitigating formational damage and fluid on formation, while enhancing well clean-up and flow-back, Linde said. Conventional liquid pumps are used, so service companies require no specialized equipment.