Crosstex Energy LP plans to build a natural gas processing complex and rich gas gathering system to serve the Permian Basin. The initial investment of $140 million would include treating, processing and gas takeaway solutions for regional producers. The Bearkat project is to be fully owned by the partnership and is supported by long-term, fee-based contracts, Crosstex said. The complex would be near the partnership’s existing Deadwood joint venture assets in Glasscock County, TX, with an initial capacity of 60 MMcf/d, increasing the partnership’s total operated processing capacity in the Permian to 115 MMcf/d. The partnership also is building a 30-mile high-pressure gathering system upstream of Bearkat to serve Glasscock and Reagan counties. The entire project is scheduled to be operational in summer 2014.
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Maine Natural Gas Claims First NatGas Pipeline Into Augusta
Maine Natural Gas (MNG) has finished filling its new 21-mile natural gas main, which runs from the Maritimes and Northeast pipeline tap in Windsor, ME, and on to the MaineGeneral Medical Center (MGMC) in Augusta, the state’s capital.
Containerized LNG Cutting Puerto Rico Power Costs
Commercial and industrial customers of Crowley Maritime Corp.’s Carib Energy unit in Puerto Rico soon could be enjoying lower energy costs, thanks to cheap liquefied natural gas (LNG) delivered via container from the mainland United States. But savings for prospective customers in Central and South America and the Caribbean are being delayed by the U.S. Department of Energy (DOE).
E&P Techniques, Bottom Line Focus of 3Q Results, Say Analysts
A few North American exploration and production (E&P) operators sneaked in third quarter results over the past few days, but most of the rest will begin their conference calls in the next couple of weeks, offering a broader look at the market and whether natural gas prices — and drilling — could rebound in 2014.
Pioneer Selling Alaska Unit to Focus on West Texas
Pioneer Natural Resources Co., the first independent producer to ply Alaska’s North Slope, is selling its Alaska business unit to focus on West Texas.
Can’t Overstate Importance of Shale, Consultant Says
Shale production will accelerate growth in demand for natural gas, and eventually revive drilling, by stabilizing supplies and prices for decades to come, Canada’s National Energy Board (NEB) has been told (see Shale Daily, Oct. 22).
Rig Efficiencies ‘Ultimately Will Grow the Pie,’ Says NOV COO
The well efficiencies touted by exploration and production (E&P) companies in some of the star unconventional basins in North America could give the lesser-known names a chance to shine in the coming year, the COO of National Oilwell Varco Inc. (NOV) said Friday.
Surging Northeast Leads Mixed Weekly Action
On average weekly prices regionally were all over the map, but the national average came in at $3.74, unchanged from a week ago. South Texas saw the week’s biggest losses, dropping a stout 12 cents to $3.61, and the Northeast reveled in the week’s greatest gains, adding 26 cents to $3.66. Of individual market points, Transco Leidy enjoyed the greatest gain, adding $1.13 to $2.84, and two Texas Eastern points suffered the week’s greatest losses, dropping 13 cents at both Texas Eastern S TX ($3.59) and Texas Eastern W LA ($3.60).
Report: $40B of Midstream Projects Planned in Marcellus, Utica
Midstream companies are planning to spend about $40 billion, mostly over the next three to five years, on infrastructure projects in Ohio, Pennsylvania and West Virginia to serve the Marcellus and Utica shales, according to a comprehensive analysis by Marcellus Drilling News (MDN).
Bluegrass Marcellus-to-Gulf Coast System Readies Open Season
Bluegrass Pipeline LLC, which would carry natural gas liquids (NGL) from the Marcellus and Utica shales to petrochemical and export facilities on the Gulf Coast, is launching a binding open season Tuesday (Oct. 29) and running through Dec. 16.
