SM Energy said Wednesday that next year it will spend 90% of its planned drilling and completions budget of $1.2 billion on its Eagle Ford, Bakken/Three Forks and Permian Basin programs.
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Dow’s Proposed Texas Ethylene Plant Takes Next Big Step
Dow Chemical Co. has taken the next step forward to build a planned world-class ethylene facility in Freeport, TX, and is seeking a federal air emissions permit for the proposed plant.
West Texas NGL Pipeline Enters Service Early
The Lone Star West Texas Gateway NGL (natural gas liquids) Pipeline has entered service, transporting NGLs from the Permian and Delaware basins in West Texas to Mont Belvieu, TX, project partners Energy Transfer Partners LP (ETP) and Regency Energy Partners LP said Tuesday.
MIT Researchers: Shale Well Emissions Lower Than Previously Estimated
Greenhouse gas (GHG) emissions from shale gas well hydraulic fracturing (fracking) operations are significantly lower than previously estimated, according to a study by researchers at the Massachusetts Institute of Technology.
MIT: Shale Well Emissions Lower Than Estimated
Greenhouse gas (GHG) emissions from shale gas well hydraulic fracturing (fracking) operations are significantly lower than previously estimated, according to researchers at the Massachusetts Institute of Technology (MIT).
Methanex Near Contract for U.S. Methanol Plant, CEO Says
Methanex Corp. is moving closer to inking a long-term supply contract for its previously announced plan to relocate a large production plant to Louisiana, CEO Bruce Aitken told financial analysts recently.
Stray Gas Response Subject of Latest MSC Guidance
The Marcellus Shale Coalition (MSC) on Tuesday published recommended practices to respond to stray gas incidents, the fourth in a series of guidance documents published by the industry group.
Warren Completes Anadarko Atlantic Rim Project Asset Acquisition
Warren Resources Inc. reported Monday that it has closed on its previously announced deal to acquire certain additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin. After learning this past summer that Anadarko was soliciting bids for all of its operated coalbed methane (CBM) assets in the Atlantic Rim Project (see Daily GPI, Aug. 9), Warren, which was a working partner with Anadarko on a number of the assets, decided to exercise its preferential rights to purchase Anadarko’s share.
Warren’s Atlantic Rim Acquisition Adds 18.3 Bcf of Proved Reserves
Warren Resources Inc. Monday said it closed on its previously announced deal to acquire additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin.
Rapid City, SD-based Black Hills Corp. closed a previously announced $243 million sale of approximately 85% of Bakken and Three Forks shale assets in the Williston Basin held by its Black Hills Exploration & Production Inc. (see Shale Daily, Aug. 27). The sale was effective July 1. CEO David Emery said the sale will allow the energy holding company to reduce its overall debt and fund growth projects. Black Hills also said it intends to redeem $225 million of senior unsecured 6.5% notes that were scheduled to mature May 15, 2013.