In its efforts to maximize the opportunities provided by the domestic shale oil and gas boom, Houston-based Phillips 66 said it plans to develop a 100,000 b/d natural gas liquids (NGL) fractionator in Old Ocean, TX, which would provide an alternative for suppliers wary of congestion at facilities located in and around Mont Belvieu, TX.
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Operators Move Rigs to 69 New Counties Nationally Last Week
If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
Operators Moved Rigs to 69 New Counties Nationally Last Week
If you’re looking for the newest hot spot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
Operators Move Rigs to 69 New Counties Nationally Last Week
If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
Range Beats 3Q Production Forecast, Writes Off Barnett
Boosted by activity in the Marcellus Shale and Mississippian Lime, Range Resources Inc. said Thursday it has beaten its 3Q2012 forecast for natural gas and natural gas liquids (NGL) production, with output up 47% year/year (y/y) and 10% sequentially.
Encana Bets Big On Tuscaloosa Marine Shale
Encana Corp. has about 50 billion bbl of oil in place in its five largest liquids plays, according to Eric Marsh, executive vice president. Earlier this month at Barclays CEO Energy/Power Conference, the Tuscaloosa Marine Shale (TMS) was at the top of his list.
Plains Crude Handling Projects Target Texas, Colorado
Plains All American Pipeline LP is wrapping up more than 145 miles of crude oil pipeline projects that are expected to add 200,000 b/d of takeaway capacity from the Bone Spring, Spraberry and Wolfberry producing areas in nine West Texas counties.
Devon Takes Sumitomo as Partner in Permian
Devon Energy Corp. last week secured $1.4 billion from Japan’s Sumitomo Corp. in exchange for a 30% stake in 650,000 net acres in the Permian Basin’s Cline and Midland-Wolfcamp shales.
Encana Secures Financial Backing for Alberta CBM Play
Encana Corp. said Friday it has secured a well-heeled unit of Toyota Tsusho Corp. to partner in its languishing Alberta coalbed methane (CBM) gas fields in the Horseshoe Canyon Fairway, agreeing to sell close to a one-third stake in the resource play, including natural gas production from 5,500 existing wells.
Marcellus Helps Range Post Record Production
Drilling in liquids-rich corners of the Marcellus Shale and Midcontinent region helped Range Resources Corp. post record production volumes in the first quarter of the year.