MarkWest Energy Partners LP is in the process of expanding its Bluestone Processing Facility in Western Pennsylvania by 400 MMcf/d.
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Daily natural gas and oil production from the big U.S. unconventional plays is declining, but as better technology and more efficiencies are put into place, new wells are seeing stronger output, the Energy Information Administration (EIA) said.
Crude oil production fell in the Eagle Ford and Bakken shales but increased in the Permian Basin in February, while natural gas production accelerated in the Haynesville Shale and isn’t projected to slow down through April, according to drilling productivity reports by the U.S. Energy Information Administration (EIA).
Permian Basin and Midcontinent operator Cimarex Energy Co. reported record quarterly production for 4Q2014, as it cut its capital expenditures by half for 2015 and unveiled a plan to reduce its operated rig count to six during 2Q2015.
Production from the nation’s seven most prolific shale and tight oil regions continues to surge ever higher and is expected to reach 45.44 Bcf/d of natural gas and 5.52 b/d of oil next month, according to the Energy Information Administration (EIA).
Stone Energy Corp.’s first Utica Shale well in West Virginia’s Wetzel County had a peak five-day test rate of 30 MMcf/d, the company said, in yet another confirmation of the formation’s potential in the state, where multiple operators began testing it this year (see Shale Daily, March 26).
Two new cryogenic processing plants are expected to begin operations in Ohio’s Utica Shale this month, representing a combined 400 MMcf/d of capacity for producers in the region with shut-in wells waiting for it.
Magnum Hunter Resources Corp. said Wednesday that it had finally completed test results at the Stewart Winland well pad in Tyler County, WV, releasing flow rates from the other three wells nearly a month after an initial well tested at 46.5 MMcf/d (see Shale Daily, Sept. 25).