Records

The Pennsylvania Supreme Court will hear oral arguments on the constitutionality of Act 13, the state’s new omnibus Marcellus Shale law, on Oct. 17 in Pittsburgh.

Enterprise Products Partners LP’s midstream system handled more natural gas liquids (NGL), natural gas and crude oil during the second quarter, setting records for gas processing, gas pipeline and NGL fractionation volumes and helping to lift gross operating margin to 12% above the year-ago quarter, CEO Michael Creel said Wednesday.

Enterprise Products Partners LP’s midstream system handled more natural gas liquids (NGL), natural gas and crude oil during the second quarter, setting records for gas processing, gas pipeline and NGL fractionation volumes and helping to lift gross operating margin to 12% above the year-ago quarter, CEO Michael Creel said Wednesday.

EnCap Flatrock Midstream LLC has closed its second private equity fund, EnCap Flatrock Midstream Fund II LP (EFM II), with commitments of $1.75 billion.

The village council of Carrollton, OH, has voted in favor of a nondevelopmental oil and natural gas lease agreement with Rex Energy Corp. that was valued at $938,000 on Monday.

NiSource Inc. has clinched two joint ventures (JV) in the Utica Shale with Hilcorp Energy Co. to construct midstream facilities and to develop a “significant acreage block” in the Utica/Point Pleasant formation in northeast Ohio and western Pennsylvania.

North Dakota continued setting new oil and natural gas production records in April, but drilling equipment shortages grew, increasing the estimated number of idle wells by 76 in April.

Houston-based Carrizo Oil & Gas Inc. posted records during the first quarter for natural gas, natural gas liquids (NGL) and oil production as well as chart-topping revenue, largely thanks to the Eagle Ford Shale of South Texas and the Barnett Shale in North Texas. Meanwhile, Marcellus Shale activities are ramping up.

With an emphasis on oil over natural gas, Los Angeles-based Occidental Petroleum Corp. (Oxy) continued to shatter company production records in barrels of oil equivalent (boe) globally and domestically, Oxy senior executives said Thursday. At 755,000 boe Oxy’s daily oil/gas production was the highest in its history; and its U.S. totals of 455,000 boe set a record for the sixth straight quarter.