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Brief — Covey Park

Dallas-based independent Covey Park Energy LLC has added about 90,000 net acres prospective for the Haynesville Shale and Bossier Sands. The transaction, for an undisclosed amount, includes assets with average output of 35 MMcf/d net. The leasehold primarily is in the Texas counties of Panola, Nacogdoches and San Augustine, and in Louisiana’s DeSoto, Bossier and Sabine parishes. The acquisition, from an undisclosed seller, gives the Denham Capital-backed operator about 218,000 net acres across the natural gas-rich region. In October 2014 Covey Park acquired 89,462 net acres from Encana Oil and Gas (USA) Inc. and Navasota Resources LLP. It added 34,000 net acres earlier this year in a $420 million transaction with EP Energy Corp. (see Shale Daily, March 21). During the fourth quarter, Covey Park expects production to average about 325 MMcf/d net. Total proved reserves with the acquisition are estimated to be more than 2.5 Tcf.

November 4, 2016

National Park Service Proposes Tightening Oil/Gas Regulations

The National Park Service (NPS) is proposing an end to regulatory provisions that exempt about 60% of oil and natural gas operations on national park land from oversight by the agency.

October 27, 2015

Tallgrass Pays $1.8B for Kinder Assets

Tallgrass Energy Partners LP of Overland Park, KS, is buying a slate of assets from Kinder Morgan Energy Partners LP (KMP) that the partnership is selling to comply with antitrust stipulations related to Kinder Morgan Inc.’s (KMI) recent acquisition of El Paso Corp.

August 27, 2012

Tallgrass Buying Kinder Assets for $1.8B

Tallgrass Energy Partners LP of Overland Park, KS, is buying a slate of assets from Kinder Morgan Energy Partners LP (KMP) that the partnership is selling to comply with antitrust stipulations related to Kinder Morgan Inc.’s (KMI) recent acquisition of El Paso Corp.

August 21, 2012

Horseheads, NY, Considering Moratorium on Fracking

Despite seeing some economic benefits from Marcellus Shale drilling in neighboring Pennsylvania, elected officials in the Town of Horseheads, NY, are considering a moratorium on hydraulic fracturing (fracking) in their community.

June 4, 2012

EPA Draft Links Fracking, Groundwater Contamination in Wyoming

The groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), according to a draft report released by the Environmental Protection Agency (EPA) Thursday.

December 9, 2011

Morgantown Tables Frack Ban, Looks to Amend Zoning Laws

More than two months after a judge ruled that its ordinance banning hydraulic fracturing (fracking) was illegal, the city of Morgantown, WV, has decided to table, not outright rescind, the measure as it looks for other ways to restrict the practice.

November 10, 2011

Maryland Governor Names Marcellus Study Panel

Representatives of the natural gas industry, environmental organizations and state government are among those that Maryland Gov. Martin O’Malley on Tuesday named to the state’s Marcellus Shale Advisory Commission.

July 22, 2011

Denali Won’t Be ‘The Alaska Gas Pipeline’

Denali will still be a national park in Alaska, but it’s not going to be “The Alaska Gas Pipeline.” BP plc and ConocoPhillips, partners in the project to pipe Alaska North Slope Gas to Canada and Lower 48 markets, threw in the towel last week after producers refused to commit to shipping gas on the pipeline.

May 23, 2011

Denali Says It Won’t Be Alaska’s Gas Pipeline

Denali will still be a national park in Alaska and the name of GMC’s luxury SUV, but it’s not going to be “The Alaska Gas Pipeline.” BP plc and ConocoPhillips, partners in the project to pipe Alaska North Slope Gas to Canada and Lower 48 markets, threw in the towel Tuesday following an unsuccessful open season.

May 18, 2011
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