Hess to Begin Tubular Bells Drilling Next Year

Hess Corp. will proceed with the development of Tubular Bells, a deepwater oil and gas project it operates in the Gulf of Mexico (GOM), the company said Tuesday. Drilling is scheduled to begin in 2012, and initial production is expected in 2014, subject to permitting.

October 26, 2011

Louisiana NGL Cracker Poised for Expansion

Boosted by the “shale gas revolution,” Williams on Tuesday said it will spend up to $400 million to expand its Geismar olefins production facility near Baton Rouge, LA.

September 21, 2011

Statoil, University of Texas Sign Energy Partnership

Improved development and drainage of shale plays is among the topics researchers at the University of Texas (UT) will investigate as part of an energy partnership agreement signed by UT and Statoil in Austin, TX, Monday.

September 20, 2011

Industry Briefs

A unit of General Electric (GE) has developed a new natural gas-fired 50 MW generation turbine that operates without water. GE claims its FlexAero (LM 6000-PH) turbine is highly efficient and provides a faster, more flexible source of electricity to businesses and communities alike with onsite power generation needs. It is aimed at both utilities and large industrial/commercial customers, a GE spokesperson told NGI. FlexAero represents a multi-million-dollar investment in research and development by GE, the spokesperson said. GE also said that it has passed the $1 billion mark in orders received for both aeroderivative and heavy duty gas turbines for projects in North America. GE touts its new turbine as “leveraging” the use of clean-burning natural gas in a quick-start context.

September 15, 2011

Propane Player Cites Shale Liquids in Midstream Deal

Propane company NGL Energy Partners LP had its eye on North America’s expanding liquids-rich shale plays when it agreed to acquire the natural gas liquids (NGL) assets of SemGroup Corp.’s SemStream LP in a deal worth about $283 million.

September 6, 2011

EXCO Gives Up On Sale

The EXCO Resources Inc. board of directors is ending its bid to sell the company.

July 11, 2011

Southcross Acquires Tauber Pipelines in Eagle Ford Shale

Southcross Energy has acquired from Tauber Pipeline LLC about 58 miles of 6-, 8-, 10- and 12-inch diameter natural gas pipelines in San Patricio and Refugio counties in South Texas, the Dallas-based midstream company said Tuesday. Terms were not released.

July 6, 2011

Marcellus Region Needs Forced Pooling, Lawyer Says

Forced pooling is critical to ensuring that the Marcellus Shale is developed to its fullest, but crafting those laws will be difficult because of the unique nature of shale and the slim legal history of pooling in Appalachia, a natural resources legal expert told a Pittsburgh audience Tuesday.

June 9, 2011

Chesapeake Saddles Up to Buy Bronco

Chesapeake Energy Corp. said Friday it would pay $315 million to buy land driller Bronco Drilling Co. Inc. to advance its goal to own two-thirds of the rigs it operates in its unconventional drilling program.

April 18, 2011

Talisman Trims Plans in Marcellus, Ups Liquids Developments

Calgary-based Talisman Energy Inc. said Tuesday it plans to reduce the number of rigs it operates in the Marcellus Shale by the end of the year, but it will increase development in the Eagle Ford and Farrell Creek shales, which are both liquids-rich.

January 12, 2011