Spectra Energy Corp. is taking a one-third interest in the Sand Hills and Southern Hills pipelines, both of which are under construction by DCP Midstream LLC, a joint venture of Spectra and Phillips 66. The deal is expected to close by the end of November when Spectra, Phillips 66 and DCP Midstream each would own one-third of the pipelines and equally fund their completion. The aggregate investment by Spectra is expected to be $700-800 million. Sand Hills, which would take natural gas liquids from the Permian Basin and Eagle Ford Shale to Gulf Coast markets, would have an initial capacity of 200,000 b/d and be expandable to 350,000 b/d. The first phase recently came online and connection to Mont Belvieu, TX, is expected by year-end (see Shale Daily, Oct. 29). The timing of Sand Hills’ second phase, the Permian portion of the pipeline, has advanced and is due to be in service in 2Q2013. Southern Hills would provide 150,000 b/d, expandable to 175,000 b/d, of capacity from the Midcontinent to Mont Belvieu and has a targeted in-service date of mid-2013.
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Fracking Debate Resumes in California
After a chemical disclosure bill was shot down last year, critics of hydraulic fracturing (fracking) in California are attempting to rekindle a fire in Sacramento to heat up both regulators and legislators, according to a report in Thursday’s Los Angeles Times. Focused on ways to create jobs, Gov. Jerry Brown’s administration has shied away from the issue, fearing it could stymie growth in the energy sector.
White House Asked to Coordinate Federal Review of Fracking
A major producer group has called on the White House to take the lead in coordinating federal reviews of hydraulic fracturing (fracking) with the goal of avoiding redundancy and streamlining work.
Industry Brief
An El Paso Corp.-operated well in North Louisiana is the first gas-producing well to be completed using all three of Halliburton’s proprietary CleanSuite production enhancement technologies for both hydraulic fracturing and water treatment, the companies said. More than four million gallons of an ecofriendly CleanStim fracture fluid system, which was first introduced by Halliburton last year (see Shale Daily, Nov. 16, 2010), was used to enhance the well, they said. CleanStim is a food-based fracking solution. Halliburton’s CleanStream process was used to treat nearly 4.8 million gallons of water and another one million gallons of produced water was prepared for recycling in the well through the CleanWave system.
Industry Briefs
An El Paso Corp.-operated well in North Louisiana is the first gas-producing well to be completed using all three of Halliburton’s proprietary CleanSuite production enhancement technologies for both hydraulic fracturing and water treatment, the companies said. More than four million gallons of an ecofriendly CleanStim fracture fluid system, which was first introduced by Halliburton last year (see Daily GPI, Nov. 16, 2010), was used to enhance the well, they said. CleanStim is a food-based fracking solution. Halliburton’s CleanStream process was used to treat nearly 4.8 million gallons of water and another one million gallons of produced water was prepared for recycling in the well through the CleanWave system.
Industry Brief
Ciris Energy Inc. has added Khosla Ventures to a list of companies that have invested in its proprietary technology, which it says biochemically converts coal to methane at large scale and low cost. While Centennial, CO-based Ciris did not disclose the amount Khosla invested, documents filed with the Securities and Exchange Commission indicate Ciris in December sold $23.9 million of a total $39.7 million of securities offered. It was the second round of financing for Ciris. Existing investors Braemar Energy Ventures, Rho Ventures and GE Energy Financial Services also participated in the funding, the company said. The financing will allow privately held Ciris to implement its first commercial-scale projects for in situ biochemical conversion of coal to methane, and bring its ex situ technology to commercial-ready status.
ConocoPhillips, Peabody Partnering on Coal-to-Gas Project
Peabody Energy and ConocoPhillips will explore development of a commercial scale coal-to-substitute natural gas (SNG) facility using proprietary ConocoPhillips E-GAS technology, the companies said last week.
ConocoPhillips, Peabody Partnering on Coal-to-Gas Project
Peabody Energy and ConocoPhillips will explore development of a commercial scale coal-to-substitute natural gas (SNG) facility using proprietary ConocoPhillips E-GAS technology, the companies said Monday.
ICE Rolls Out eConfirm Trade Confirmation Service
In an effort to allow trading firms to automatically submit trades for confirmation regardless of execution means or proprietary data formats, IntercontinentalExchange (ICE) last week unveiled its web-enabled eConfirm, an electronic trade confirmation service for global energy and metals markets.
Conoco to Build $75 Million Gas-to-Liquids Demo Plant
In an effort to commercialize its proprietary technology for converting natural gas to liquids, Conoco said last week that it intends to build a $75 million demonstration plant in Ponca City, OK. The company said the economics of its gas-to-liquids (GTL) technology are often better than those of converting gas to liquefied natural gas (LNG).