Panola

Enbridge Energy Partners LP plans to construct a 150 MMcf/d cryogenic gas processing plant near Beckville in Panola County, TX, that would expand the partnership’s processing capacity to 820 MMcf/d in the Cotton Valley and Haynesville Shale regions. The plant, expected to cost $140 million, is to be located in the heart of the rich gas Cotton Valley, would interconnect with existing natural gas liquids infrastructure. Construction is to begin late this year with start-up in early 2015.

SandRidge Energy Inc. has agreed to sell its East Texas natural gas properties in Gregg, Harrison, Rusk and Panola counties to NFR Energy LLC for $231 million. The properties include about 25,000 net acres with average 2011 production of approximately 25 MMcfe/d. Proceeds from the deal, which is expected to close in November, will be used to fund a portion of SandRidge’s oil-focused drilling program, the Oklahoma City, OK-based company said. As a result of the sale, SandRidge expects production to be 23.9 MMBoe in 2011 and 27.7 MMBoe in 2012. SandRidge recently increased its 2011 production guidance to 24.1 MMboe from the previously announced 23.3 MMboe.