ExxonMobil subsidiary XTO Energy Inc. was the big spender in the Bureau of Land Management’s (BLM) quarterly oil and gas lease sale in Salt Lake City Tuesday, bidding $38.8 million for four parcels covering 3,982 acres in the Uinta Basin in Carbon County, UT. The BLM received bonus bids totaling $49.4 million for 8,271 acres in 11 of the 13 offered parcels. The other major bidder was Bill Barrett Corp., which won two parcels covering 1,773 acres, also in Carbon County, with bonus bids totaling nearly $10 million. The producer submitted the highest total bid per acre: $12,100 on parcel No. 20 containing 811 acres.
Salt
Articles from Salt
Commission Denies Application for Texas Storage Project
FERC Thursday rejected the application of Turtle Bayou Gas Storage Co. LLC to build a salt dome gas storage facility and associated pipeline facilities northeast of Houston, TX.
June 17, 2011
Industry Briefs
The Federal Energy Regulatory Commission (FERC) has granted a certificate to Pine Prairie Energy Center LLC to expand its Pine Prairie Natural Gas Storage salt cavern facility in Evangeline Parish, LA. The project would increase working capacity of the facility to 80 Bcf from the current 48 Bcf, including two new 12 Bcf caverns and the expansion of permitted capacity for caverns two through five to 12 Bcf from 10 Bcf each (see Daily GPI, Oct. 6, 2010). The FERC order requires Pine Prairie to hold an open season to solicit permanent capacity release offers and grants Pine Prairie’s request for continuing authorization to charge market-based rates.
May 20, 2011
Gastar Leases More Acreage in West Virginia
Gastar Exploration Ltd. announced Monday that it will lease about 3,300 gross acres in West Virginia from PPG Industries Inc. and plans to drill into the Marcellus Shale play as early as July.
March 1, 2011
MarkWest Stepping Up Midstream Capabilities in Appalachia
MarkWest Energy Partners LP and MarkWest Liberty Midstream & Resources LLC have announced an acquisition as well as an infrastructure development deal to serve EQT Corp. and other producers in Appalachia.
January 5, 2011
Williams Venting Leaky Salt Cavern
Depressurization of a leaking salt cavern gas storage cavern in Eminence, MS, was expected to continue through the weekend, said a spokesman for Williams, owner of the seven-cavern facility.
January 3, 2011
Williams Still Venting Leaky Salt Cavern
Depressurization of a leaking salt cavern gas storage cavern in Eminence, MS, was expected to continue through the weekend, said a spokesman for Williams, owner of the seven-cavern facility.
January 3, 2011
Mississippi Storage Facility Changing Hands
PAA Natural Gas Storage LP (PNG) has agreed to acquire SG Resources Mississippi LLC, owner of the Southern Pines Energy Center gas storage facility, for $750 million.
December 30, 2010
Inergy Completes $725M Tres Palacios Storage Facility Acquisition
Inergy LP has completed is $725 million acquisition of the Tres Palacios high-deliverability, salt dome gas storage facility in Matagorda County, TX, from NGS Energy LP.
October 18, 2010
Expansion of Pine Prairie Storage Proposed
PAA Natural Gas Storage LP (PNG) has filed with FERC an application to expand its Pine Prairie Natural Gas Storage salt cavern facility in Evangeline Parish, LA. The proposal calls for the construction of an additional 32 Bcf of working gas storage capacity, including two new 12 Bcf caverns and the expansion of permitted capacity for caverns two through five to 12 Bcf from 10 Bcf each.
October 6, 2010
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