Ground has been broken for the Frontier Oasis, a 112-bed workforce housing camp in Karnes County, TX. It is to open in September four miles West of Kenedy, TX, along Farm Route 2102. The flat rate all-inclusive camp will offer Eagle Ford Shale workers three all-you-can-eat meals per day; to-go sack lunches; housekeeping and laundry services, indoor and outdoor recreational facilities; high-definition television and wireless internet; and an on-site general store. Karnes County currently leads the booming Eagle Ford in drilling rigs, and the camp is expected to play a major role in providing much-needed housing, food and laundry services for the operators and service companies in the area. The commercial buildings for the project will be provided by Houston-based Teton Buildings LLC. Bryan, TX-headquartered Frontier Oilfield Solutions will be constructing and operating the camp. A recent study identified housing as a critical need for Eagle Ford workers and area residents (see Shale Daily, July 11).
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NTSB Chief: Texas Pipes Not Properly Marked Before June Explosions
A North Texas pipeline partly owned by Enterprise Products Partners LP that experienced an explosion and fire after being struck by a utility crew early last month was not marked when crews began digging, according to testimony by Deborah Hersman, chairman of the National Transportation Safety Board (NTSB). Enterprise told NGI it responded to a contractor request for pipeline marking and was told the digging had already been completed.
NTSB: Pipes Not Marked Before Explosions
A North Texas pipeline partly owned by Enterprise Products Partners LP that experienced an explosion and fire after being struck by a utility crew early last month was not marked when crews began digging, according to testimony by Deborah Hersman, chairman of the National Transportation Safety Board (NTSB). Enterprise told NGI it responded to a contractor request for pipeline marking and was told the digging had already been completed.
Transportation Notes
Partly as a result of Tropical Storm Ida impacting some receipt points on its system, Florida Gas Transmission issued an Overage Alert Day for market-area customers Monday, noting that linepack was low and highs in the mid 80s were forecast for Florida. The tolerance for negative daily imbalances was set at 15%.
U.S. Carbon Emissions May Decline Almost 6% from 2008
U.S. carbon dioxide (CO2) emissions from fossil fuels are forecast to decline by almost 6% from 2008 levels, partly because of the economic recession, the Energy Information Administration (EIA) said last week.
U.S. Carbon Emissions Forecast to Drop Almost 6% from 2008
U.S. carbon dioxide (CO2) emissions from fossil fuels are expected to drop almost 6% below 2008 levels, partly because of the economic recession, the Energy Information Administration (EIA) said Tuesday.
Chesapeake Looking for Cash to Finance Projects
Chesapeake Energy Corp.’s share price took another wrong turn Monday partly on its announcement last week that it would issue stock to raise nearly $1.8 billion to finance U.S. natural gas drilling and exploration activities.
Chevron Blames Part of Reserves Decline on Venezuela Fall-Out
Chevron Corp. replaced only 11% of its proven oil and natural gas reserves in 2007 and total reserves fell 7% from 2006, partly because of “the effect of a conversion of operating service agreements” in Venezuela, the company said last week.
Industry Brief
Constellation Energy Partners LLC (CEP), the exploration and production partnership formed and partly owned by Constellation Energy, has completed a deal with EnergyQuest Resources LP to acquire some coalbed methane (CBM) properties in the Cherokee Basin in Kansas and Oklahoma for $115 million (see Daily GPI, March 12). The transaction includes more than 500 miles of pipeline gathering systems. According to the partnership’s CEO Felix Dawson, the acquisition will be immediately accretive to distributable cash flow per unit. Most of CEP’s assets are CBM properties, including assets in the Robinson’s Bend Field in the Black Warrior Basin of Alabama (see Daily GPI, Aug. 14, 2006).
Kinder Morgan Earnings up for 2005, But Down in Q4
Kinder Morgan Inc. (KMI) realized 2005 income of $552.2 million ($4.43 per diluted share), up from $528.5 million ($4.23 per share) in 2004, but the company’s fourth quarter was off. Fourth quarter income was $176.3 million ($1.39 per share), down from $185.1 million ($1.48 per share) in 2004, partly due to conservation and some demand destruction seen in the retail gas business.