FERC on Thursday granted Magnum Gas Storage LLC amendments to its certificate for natural gas storage facilities being developed in Utah, extending the timeline to complete the project and allowing wheeling service at market-based rates.
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In a blockbuster deal worth an estimated $32 billion, General Electric (GE) on Monday agreed to become majority shareholder in a partnership combining its oil and natural gas business with Baker Hughes Inc., creating the second largest oilfield operator in the world.
FERC on Wednesday granted Natural Gas Pipeline Company of America LLC (NGPL) permission to begin service on Compressor Station No. 312 in Livingston County, IL, otherwise known as the first phase of the pipeline’s Chicago Market Expansion [CP15-505]. Startup is slated for Tuesday, the pipeline told NGI.
The Colorado Oil/Gas Conservation Commission (COGCC) has launched an online information source,Daily Activity Dashboard, that captures on a county-by-county basis oil and natural gas activity statewide. COGCC said the tool can locate information on pending permits, well status, production, well inspection data, violation notices, operator notifications and spills. It is being provided as a supplement to COGCC’s existing and extensive web-based data search tools, a spokesperson said.
Less than one week after receiving regulatory approval from FERC, EQT Midstream Partners LP (EQM) is slowly bringing its Ohio Valley Connector (OVC) pipeline into service.
FERC has granted Columbia Gas Transmission LLC authorization to place into service the third phase of its Line MB Extension Project, which is intended to improve reliability of natural gas service to utilities serving central Maryland.
Smart Sand Inc., which provides proppant to North American operators, is preparing to go public and plans to raise up to $100 million.
Privately held Mammoth Energy Services Inc., whose top customer is Utica Shale-focused Gulfport Energy Corp., is preparing another attempt to go public and expand its North American pressure pumping business, according to a filing with the U.S. Securities and Exchange Commission.
FirstEnergy Corp. subsidiary Mon Power has completed a $5 million project to provide electric service to Antero Midstream Partners LP’s wastewater treatment facility in Doddridge County, WV. Mon Power said the facility is expected to use more than 16 MW of electricity once it’s fully operational, or about the equivalent of what 16,000 homes use. Announced in 2015, the $275 million treatment complex is being constructed on 635 acres (see Shale Daily, Aug. 19, 2015). It will process wastewater from Antero Resources Corp.’s shale wells in Ohio and West Virginia and produce salt and sludge byproducts. It’s expected to be in service by 2017. Mon Power said the project to supply the facility with electricity is part of the company’s efforts to provide the state’s “energy-intensive” shale gas industry with reliable electric service.
Oilfield services (OFS) company Key Energy Services Inc. has reached an agreement with creditors on a restructuring plan, becoming the latest energy company to succumb to financial pressure from the oil and gas industry downturn.