Triangle Records First Profitable Quarter, Excited About Williston JV

Triangle Petroleum Corp. recorded the first profitable quarter in its history, is on track to meet its oil production goal for the year and is excited about its new joint venture (JV) in the Bakken Shale, even as it keeps at the ready plans to drop a drilling rig should policymakers in Washington, DC, fail to reach a compromise over the fiscal cliff.

December 14, 2012
Inergy to Buy Colt Hub Owner Rangeland for $425M

Inergy to Buy Colt Hub Owner Rangeland for $425M

Inergy Midstream LP announced Monday that it plans to purchase Rangeland Energy LLC — which owns and operates the Colt crude oil rail terminal, storage and pipeline facilities near Epping, ND, in the Bakken and Three Forks shale — in a cash and stock deal valued at $425 million.

November 6, 2012

BP to Share Deepwater Technology with Pemex

BP plc said Tuesday it plans to share technical information used to build its deepwater well-capping equipment with the exploration and production (E&P) unit of Mexico’s Petroleos Mexicanos (Pemex).

October 24, 2012
Athabasca Oil Sands Project Output Hits 255,000 Barrels Daily

Athabasca Oil Sands Project Output Hits 255,000 Barrels Daily

Royal Dutch Shell plc, which operates the Athabasca Oil Sands Project (AOSP), said late Monday its oilsands operations have achieved a production milestone of 500 million bbl since production began in 2003. Current production capacity has reached 255,000 b/d, Shell said.

August 22, 2012

State Helps Wyoming Town Where EPA Tested Water

Pavillion, WY — where the federal government’s testing of water led to early concerns about the use of hydraulic fracturing (fracking) in nearby natural gas wells — has begun a state-sponsored mitigation program installing cisterns for residents who have been, or potentially could be, impacted by contaminated water. To date, there is no conclusive evidence one way or the other.

July 11, 2012

Kinder’s New Eagle Ford Crude Pipeline Enters Service

Kinder Morgan Energy Partners LP’s (KMP) Crude/Condensate pipeline (KMCC) has entered service, carrying crude oil and condensate from the Eagle Ford Shale of South Texas to the Houston Ship Channel.

June 15, 2012

GeoSouthern Raises $1B for Eagle Ford Development

GeoSouthern Energy Corp. will use the proceeds from a $1 billion credit facility that closed Thursday to continue the development of its 173,000 gross acre position in the condensate and oil windows of the Eagle Ford Shale in South Texas, the privately held independent exploration and production company said.

February 10, 2012

Range Boasts Record Production Without Barnett

Following a trend among the major players in the Marcellus Shale, Range Resources Corp. is reporting record production rates after averaging 625 MMcfe/d across its portfolio in the fourth quarter.

January 18, 2012

Capacity Increases Planned for Wet-Gas Marcellus

A Pennsylvania joint venture is set to start work on two midstream assets that could ease a bottleneck in one of the fastest growing counties in the Marcellus Shale.

December 30, 2011

Crestwood to Enter Marcellus Via Tygart Valley Project

Crestwood Midstream Partners LP has signed a memorandum of understanding with Mountaineer Keystone LLC to build a 42-mile natural gas gathering system in northeast West Virginia, a project that would for the first time open the Marcellus Shale to the Houston-based midstream partnership.

December 16, 2011
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