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.
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Articles from Park
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.
FERC Issues Transco Northeast Expansion a Favorable DEIS
FERC staff Friday issued a favorable draft environmental impact statement (DEIS) for Transcontinental Gas Pipe Line’s (Transco) proposal to build a $182 million expansion of its system to meet growing natural gas demand in New York City and the Rockaways with Marcellus Shale gas supplies.
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.
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.
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.
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.
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.
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.
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.
