Rich

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 last week.

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.

Wyoming Gov. Matt Mead last week signed into law advances to use natural gas for transportation in a state rich in gas reserves.

Wyoming Gov. Matt Mead on Wednesday signed two laws that are designed to help advance the use of natural gas for transportation in a state rich in gas reserves. The measures, Senate Files (SF) 23 and 52, were less than the industry originally requested.

Global pipe manufacturer Tenaris will be adding to its U.S. facilities, investing $1.3 billion in a new steel pipe manufacturing plant in Matagorda County, Texas Gov. Rich Perry announced Friday.

Devon Energy Corp. is selling its assets in the Utica Shale in eastern Ohio, part of a strategy to raise new venture capital so it can focus on opportunities in the Permian Basin, Mississippian Lime and the Niobrara formation.

Louisiana’s economic output will grow by $30 billion between 2011 and 2019 as a result of natural gas-induced investment, according to a report by Louisiana State University’s Center for Energy Studies that details the impact of the natural gas boom on the state.

Range Resources Corp. last week said production volumes in 4Q2012 hit a record 844 MMcfe/d, 35% higher year/year, which came in large part to oil and natural gas liquids (NGL) growth in unconventional plays, presumably the Marcellus Shale and the Mississippian Lime.

Encana Corp. and liquefied natural gas (LNG) fueling solutions provider Ferus LNG Inc. plan to build a 190,000 liter per day LNG production facility near Grande Prairie, Alberta (AB). The facility is to be near high levels of energy industry activity in northwestern Alberta and northeastern British Columbia and is expected to be operational by the end of 2013. It would be among the first in Canada designed to produce high-quality LNG fuel specifically for high-horsepower (HHP) engines used in drilling rigs, pressure pumping services and heavy-duty highway and off-road trucks, the partners said. Other HHP applications for the LNG supply include rail, mining, and remote power generation. To support the entire LNG supply chain, Encana and Ferus LNG have also designed and are in the process of building specialized mobile storage and dispensing equipment. Ferus and Encana said they have committed to using LNG for their own fueling needs. In 2011 alone, Encana saved $12 million in fuel costs by using natural gas instead of diesel in drilling rigs and company trucks and is on track to exceed this figure in 2012, the company said (see NGI, March 26). Earlier this year Ferus said it was putting into service the first LNG-powered heavy duty truck in Alberta (see NGI, April 30).