Goodrich Petroleum Corp. is buying a 66.7% working interest in producing assets and about 277,000 gross acres in the Tuscaloosa Marine Shale (TMS) for $26.7 million as it continues to build scale in the play and improve its drilling performance.
Articles from Minerals
Dubbing it the nation’s most stringent, the Illinois state Senate on Friday passed oil and natural gas drilling regulations (SB 1715), sending the proposed provisions to Gov. Pat Quinn for his signature. The governor is expected to sign the bipartisan legislation.
Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG) have completed an amendment to give EMG a larger stake in their joint venture (JV) in the Utica Shale.
MarkWest Utica EMG LLC has clinched an agreement with Rex Energy Corp. to expand its Utica Shale midstream infrastructure.
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.
Rara Terra Minerals Corp. has reportedly acquired a 75% working interest in oil and natural gas leases in Trego County, KS, for $393,750.
Sugar Land, TX-based Santrol, a Fairmount Minerals company, now has five Eagle Ford Shale rail terminals to handle proppant used for hydraulic fracturing in the Eagle Ford Shale of South Texas. By expanding to five Eagle Ford terminals, Santrol can ship more than one million tons of proppant per year throughout the formation, the company said. The terminals are supplying Santrol’s northern white frack sand and resin-coated proppants. “We have more terminals with more available rail car capacity than any other frack sand supplier in the region,” said Tom Bonno, Santrol terminal field service manager. The five terminals are located in: Alice, where there are two, Gardendale, Gonzales and San Antonio. All of the terminals operate 24 hours a day, seven days a week.
MarkWest Utica EMG LLC, a partnership between Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG), has secured agreements to process and transport Gulfport Energy Corp.’s growing natural gas volumes from three eastern Ohio counties between now and 2014. The partners also are expanding one Utica Shale midstream facility and building a new plant to ensure producers have enough fractionation services available.