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Industry Briefs

Eagle Rock Energy Partners LP and Apache Corp. have struck a new fee-based gas gathering, processing and purchasing agreement in support of Apache’s drilling in the Texas Panhandle. Apache has dedicated all existing and future wells drilled within an area encompassing more than 106,000 gross acres in Hemphill, Lipscomb, Ochiltree, Roberts, Hansford and Sherman counties under market-based terms. The agreement supersedes and expands on previous agreements between Eagle Rock and Apache. The dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and Cleveland plays in the Anadarko Basin. The associated Apache production will be gathered and processed at one or more of the partnership’s cryogenic processing plants in the Panhandle. Eagle Rock’s Panhandle assets consist of 6,500 miles of gathering pipeline and more than 480 MMcf/d of processing capacity, with an additional 60 MMcf/d of processing capacity expected to come online in the second quarter.

March 8, 2013

FERC OKs Pre-Filing Process for Southern LNG, Elba Export Liquefaction

FERC has approved the request of Southern LNG Co. LLC and Elba Express Co. LLC (EEC) to use the agency’s pre-filing process for their planned Elba export liquefaction and related expansion projects.

March 5, 2013

Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin

Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.

March 5, 2013

Obama Expected to Name DOE, EPA Nominees by Month’s End

Speculation about potential replacements for two Obama administration officials who are leaving top spots at energy-related agencies continues, with nuclear physicist Ernest Moniz and Environmental Protection Agency (EPA) air pollution official Gina McCarthy reportedly among the leading candidates.

February 25, 2013

Pipeline Would Link Eagle Ford Gas to Mexico Power Plants

NET Midstream unit NET Mexico Pipeline LP plans to build a 124-mile, 42-inch diameter natural gas pipeline to carry gas produced in the Eagle Ford Shale of South Texas to the Texas-Mexico border.

February 25, 2013

Obama Expected to Name DOE, EPA Nominees by Week’s End

Speculation about potential replacements for two Obama administration officials who are leaving top spots at energy-related agencies continues, with nuclear physicist Ernest Moniz and Environmental Protection Agency (EPA) air pollution official Gina McCarthy reportedly among the leading candidates.

February 25, 2013

Industry Brief

Transocean Ltd.’s agreement with the Department of Justice (DOJ) to pay $1 billion in civil penalties related to the 2010 Macondo well blowout in the Gulf of Mexico has been approved by U.S. District Judge Carl Barbier in New Orleans. Transocean had employed nine of the 11 men who were killed when the company’s Deepwater Horizon drilling platform was destroyed. The company already has pleaded guilty to a criminal misdemeanor and agreed to pay a separate $400 million fine to DOJ (see Daily GPI, Feb. 15; Jan. 4).

February 20, 2013

Trucker Killed in Storage Tank Explosion at EQT Well in West Virginia

A tanker truck driver was killed after a storage tank at an EQT Corp. natural gas well in West Virginia exploded on Friday morning.

February 19, 2013

Goldman: Target Upside for 16 Energy Companies

Goldman Sachs analysts recently published their list of the top 40 undervalued stocks and 40% of them were energy-related. Chesapeake Energy Corp. was the only energy stock listed of 25 others “that people expect to fail.”

January 14, 2013

Waterless Fracking Fluid Tested in Eagle Ford

Houston-based eCORP Stimulation Technologies LLC claims to have successfully tested a waterless hydraulic fracturing (fracking) fluid consisting solely of propane in Frio County, TX, in the Eagle Ford Shale. The test simulated conditions in the shale play at 5,950 feet, the company said.

January 10, 2013