Panhandle

Pioneer Natural Selling West Panhandle Assets for $201M

Dallas-based Pioneer Natural Resources Co., transitioning to a Permian Basin pure-play, has agreed to sell all of its interests in a former staple, the West Panhandle field in Texas, for $201 million.

August 1, 2018

Brief — Linn Sale

Houston-based Linn Energy Inc., which is revamping its exploration and midstreambusinesses, has agreed to sell its estimated 179,000 net acres in the Oklahoma waterflood and Texas Panhandle to an undisclosed buyer for $122 million. Third quarter production for the properties was about 5,200 boe/d, with proved developed reserves of 22.8 million boe. Annualized field level cash flow was estimated at $21 million, while annual general and administrative expenses for the combined properties is around $4-6 million. The sale is expected to close in early 2018 with an effective date of Oct. 1. Jefferies LLC acted as financial adviser for the Texas Panhandle properties, while Kirkland & Ellis LLP acted as legal counsel for both transactions.

December 19, 2017
Rover-Related Panhandle, Trunkline Projects Ready for Start-Up, ETP Tells FERC

Rover-Related Panhandle, Trunkline Projects Ready for Start-Up, ETP Tells FERC

As it continues pushing to finish constructing its $4.2 billion Rover Pipeline by 4Q2017, Energy Transfer Partners LP (ETP) through its affiliates has asked FERC for authorization to place the related Panhandle and Trunkline backhaul projects into service.

August 16, 2017

Prepping for Rover, ETP Asks to Start Up Panhandle, Trunkline Projects

As it continues pushing to finish constructing its $4.2 billion Rover Pipeline by 4Q2017, Energy Transfer Partners LP (ETP) through its affiliates has asked FERC for authorization to place the related Panhandle and Trunkline backhaul projects into service.

August 15, 2017
Texas Panhandle’s Red Cave Formation Eyed for Exploration

Texas Panhandle’s Red Cave Formation Eyed for Exploration

The Red Cave formation, an overlooked tight sands play in West Texas, may see more exploration underway through newly formed Masterson West II LLC, an explorer that would combine the talents of Tulsa’s Empire Petroleum Corp. and long-time Panhandle player Masterson West LLC.

December 28, 2016
Rover Gets Final EIS, Now Awaits FERC Decision

Rover Gets Final EIS, Now Awaits FERC Decision

FERC released the final environmental impact statement (EIS) Friday for the Rover Pipeline Project, bringing the major Appalachian takeaway pipe one step closer to construction.

July 29, 2016
FERC Staff Recommends Mitigation For Rover in DEIS

FERC Staff Recommends Mitigation For Rover in DEIS

FERC staff released a draft environmental impact statement (DEIS) for the Rover Pipeline LLC project that found “adverse and significant” impacts and makes recommendations to mitigate them that it said should be included in any approval of the project.

February 19, 2016
Laclede Plans REX, Panhandle Lateral to Tap Into Marcellus, Utica Gas

Laclede Plans REX, Panhandle Lateral to Tap Into Marcellus, Utica Gas

The Laclede Group revealed plans Wednesday to build a 60-mile, 24-inch diameter lateral in Missouri and Western Illinois that would interconnect with the Rockies Express (REX) and Panhandle Eastern pipelines.

February 3, 2016
Expedited FERC Approval Sought for $4.22B Rover Pipeline Project

Expedited FERC Approval Sought for $4.22B Rover Pipeline Project

Rover Pipeline LLC has requested that FERC approve authorization to construct 711 miles of supply laterals and mainlines, compression and other facilities to carry Marcellus and Utica shale gas from West Virginia, Pennsylvania and Ohio to an interconnect with Vector Pipeline in Michigan by the second quarter of 2016.

November 9, 2015

SM Energy Selling Anadarko Basin Properties

Denver-based SM Energy Co. is marketing all of its properties in the Anadarko Basin, including its Granite Wash interests. The sale of the gas-weighted assets is part of normal high-grading activities, the company said Wednesday. Proceeds could be spent in the Permian Basin or in the Eagle Ford Shale, analysts speculated Wednesday.

July 11, 2013
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