Falling in line with the recent trend of producers targeting more liquid shale plays due to the better economics, Hess Corp. announced it is paying $1.05 billion in cash to acquire 167,000 net acres in the Bakken Shale of North Dakota from TRZ Energy LLC.
Tag / Partnership
SubscribePartnership
Articles from Partnership
Industry Briefs
Gulf Coast Fractionators said it will expand the capacity of its natural gas liquids fractionation facility in Mont Belvieu, TX, by 43,000 b/d (42%) to 145,000 b/d. Gulf Coast is a partnership of ConocoPhillips, Devon Energy Corp. and Targa Resources Partners LP. ConocoPhillips, as the operator, will manage the expansion. Existing operations are not expected to be disrupted during the construction. The expansion is expected to be operational during the second quarter of 2012, subject to regulatory approvals.
Fractionation Capacity to Expand at Mont Belvieu
Gulf Coast Fractionators said it will expand the capacity of its natural gas liquids (NGL) fractionation facility in Mont Belvieu, TX, by 43,000 b/d (42%) to 145,000 b/d.
NGPL, Great Lakes Near Settling Overrecovery Claims
Natural Gas Pipeline Company of America (NGPL) and Great Lakes Gas Transmission Ltd. Partnership have reached settlements in principle with their shippers to resolve Section 5 complaint allegations that they overrecovered their cost of service.
NGPL, Great Lakes Near Settling Overrecovery Claims
Natural Gas Pipeline Company of America (NGPL) and Great Lakes Gas Transmission Ltd. Partnership have reached settlements in principle with their shippers to resolve Section 5 complaint allegations that they overrecovered their cost of service.
BP, ConocoPhillips Quit Climate Action Partnership
BP America Inc. and ConocoPhillips, along with Caterpillar Inc., last week said they would quit the U.S. Climate Action Partnership (USCAP), the high-profile alliance of businesses and environmental groups lobbying for cap-and-trade legislation to curb U.S. greenhouse gas (GHG) emissions.
Williams to Pursue ‘Value-Creating Projects,’ Says CEO
Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new exploration and midstream opportunities, CEO Steve Malcolm said Thursday.
Williams Ready to Pursue ‘Value-Creating Projects,’ Says CEO
Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new opportunities, CEO Steve Malcolm said Thursday.
Williams Ready to Pursue ‘Value-Creating Projects,’ Says CEO
Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new opportunities, CEO Steve Malcolm said Thursday.
BP, ConocoPhillips Quit Climate Action Partnership
BP America Inc. and ConocoPhillips, along with Caterpillar Inc., on Tuesday announced that they have quit the U.S. Climate Action Partnership (USCAP), the high-profile alliance of businesses and environmental groups lobbying for cap-and-trade legislation to curb U.S. greenhouse gas (GHG) emissions.