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BP plc has awarded the first contracts for Project 20K, a multi-year initiative to develop next-generation systems and tools to unlock the next frontier of deepwater oil and gas resources that currently are “beyond the reach of today’s technology.”

Ryckman Creek Resources LLC, a unit of Peregrine Midstream Partners LLC, is holding a nonbinding open season through Nov. 2 for up to 8 Bcf of firm, high-deliverability, multi-cycle gas storage capacity available April 1 at the company’s new facility in Uinta County, WY, near the Opal Hub (see Daily GPI, Aug. 22). Ryckman Creek has interconnections with five interstate pipelines, all of which are connected to the Opal Hub. Combined meter capacity is in excess of 1 Bcf/d. For information, visit www.peregrinempllc.com or contact Jeff Foutch, jhfoutch@peregrinempllc.com, (713) 974-5606; Don Wash, dwash@peregrinempllc.com, (713) 750-9939; or Chuck Sawyer, csawyer@peregrinempllc.com, (720) 359-1589.

Even with a multi-billion-dollar natural gas gathering and processing infrastructure buildout ongoing, North Dakota is not likely to greatly reduce the volumes of gas being flared as an offshoot of its accelerated oil boom, according to an analysis released Thursday by RBN Energy LLC.

After a second quarter of strong production growth in the Bakken Shale and Anadarko Woodford, Oklahoma City-based Continental Resources Inc. said it is ahead of schedule on its five-year plan to triple production.

The Mississippian Lime formation, which stretches across northern Oklahoma, western Kansas and southern Nebraska, is drawing increased industry interest, thanks to cheaper drilling costs and shallower wells compared to North Dakota’s Bakken Shale, according to the “IHS Herold Mississippian Oil Play Regional Play Assessment.”

Global Infrastructure Partners (GIP) has completed its first multi-asset transaction with Chesapeake Energy Corp. to acquire the profitable midstream businesses, closing Monday on the $2 billion acquisition of Chesapeake Midstream Partners LP (CHKM).

Chesapeake Energy Corp. on Monday closed on the first of its multi-asset transactions to sell its midstream businesses with the $2 billion sale of Chesapeake Midstream Partners LP (CHKM) to Global Infrastructure Partners (GIP) for $2 billion.

Wyoming’s state oil/gas supervisor found himself Wednesday cross ways with Gov. Matt Mead regarding the continuing multi-governmental scrutiny of the federal Environmental Protection Agency’s (EPA) two test water wells in natural gas fields near Pavillion, WY. EPA initially identified a possible link between hydraulic fracturing (fracking) and local drinking water contamination.

ExxonMobil Chemical recently made a regulatory filing to add a multi-billion-dollar ethane cracker and other facilities at its Baytown, TX, chemicals complex with the intention of taking advantage of cheap ethane being thrown off by liquids-rich shale gas plays.