Panhandle

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
Forest Unloads Texas Panhandle Assets for $1B, Focusing on Eagle Ford

Forest Unloads Texas Panhandle Assets for $1B, Focusing on Eagle Ford

Forest Oil Corp. struck a $1 billion deal to sell oil and gas assets in the Texas Panhandle to Templar Energy LLC as part of a deleveraging program that will allow the company to focus on the Eagle Ford Shale. One analyst called the sale a positive, but investors booed and sent Forest shares tumbling on Friday.

October 7, 2013

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

Maryland Floats Draft Fracking Rules

Maryland’s Department of Environment (MDE) and Department of Natural Resources have released a draft report describing best practices for drilling and production that should be required if horizontal drilling and hydraulic fracturing of natural gas wells is permitted in the state’s portion of the Marcellus Shale, which is confined to its two westernmost counties.

June 28, 2013

Chesapeake Touts Anadarko Basin Discovery

Poking around in the Anadarko Basin in the Texas Panhandle and western Oklahoma above its Granite Wash holdings, Chesapeake Energy Corp. said Friday it made “a significant new discovery” of oil in the Hogshooter play.

June 4, 2012

Apache Deal More than Doubles Liquids Acreage in Anadarko Basin

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said Monday.

January 24, 2012

Transportation Notes

Panhandle Eastern expects to begin three days of odorization on the Battle Creek Lateral Monday, during which the Battle Creek #1 interconnect with Southeast Michigan Gas will be unavailable; however, the Albion and Battle Creek #2 meters at the utility’s citygate will remain available.

October 19, 2011

Transportation Notes

Southern California Gas declared a high-linepack OFO for Sunday but ended it Monday.

August 23, 2011

Chesapeake Agrees to Finance West Virginia Road Repairs

Chesapeake Energy Corp. has agreed to spend millions for repairs to roads in four counties in the West Virginia Panhandle, in order to mitigate damage done to the roads by trucks hauling equipment and water to its wells sites in the region.

July 12, 2011

Industry Brief

Costar Midstream LLC and Energy Spectrum Partners VI (ESP VI) have partnered to acquire gas processing assets in the Granite Wash area of the Texas and Oklahoma Panhandle. Costar said it plans to build a “sizable” midstream business focusing on gathering and processing assets that can be acquired and developed. This is the first portfolio investment for ESP VI, which is a $998.7 million private equity fund focused on midstream infrastructure. Energy Spectrum has more than $2.3 billion of capital under management. ESP VI, the firm’s most recent fund, closed recently with commitments of $998.7 million. Recently privately held Crestwood Midstream Partners LP completed an acquisition of midstream assets in the Granite Wash (see Shale Daily, April 5).

April 26, 2011