Shale

MidContinent Express to Proceed with Expansion of Proposed Pipeline

Just days after the pipeline was given FERC approval for construction, backers of the Midcontinent Express Pipeline, which would give shale producers in Texas, Arkansas and Oklahoma access to southern and eastern markets, said Tuesday they have completed a successful binding open season for a 300,000 Dth/d expansion of a portion of the planned system

July 30, 2008

Midcontinent Express Pipe Project Gets FERC Nod

FERC Friday issued a favorable final environmental review of the the proposed Midcontinent Express Pipeline (MEP), which would give shale producers in Texas, Arkansas and Oklahoma access to eastern markets.

June 2, 2008

Midcontinent Express Pipe Project Gets FERC Nod

FERC Friday issued a favorable final environmental review of the the proposed Midcontinent Express Pipeline (MEP), which would give shale producers in Texas, Arkansas and Oklahoma access to eastern markets.

June 2, 2008

Ozark Gas to Build Takeaway Pipe for Fayetteville Shale

Ozark Gas Transmission LLC, an affiliate of Tulsa, OK-based Atlas Pipeline Mid-Continent LLC, is proposing to build a new pipeline to transport natural gas from the developing Fayetteville Shale area in Arkansas.

May 30, 2008

BLM Opens Comment on Devon’s Baxter Shale Test

The Bureau of Land Management (BLM) has opened for comment a plan by a subsidiary of Devon Energy Corp. to conduct seismic testing on the Baxter Shale in a remote area of Wyoming — a controversial project that the state’s governor has tried to stop.

May 19, 2008

BLM Seeks Comment on Devon’s Baxter Shale 3-D Seismic Plan

The Bureau of Land Management (BLM) has opened for comment a plan by a subsidiary of Devon Energy Corp. to do some 3-D seismic testing on the Baxter Shale, which is located in a remote area of Wyoming — a controversial project that the state’s governor has tried to stop.

May 15, 2008

Industry Briefs

Fort Worth, TX-based Range Resources Inc. has expanded its Barnett Shale holdings in sales agreements with a subsidiary of DTE Energy Co. and a private company for a total of $305 million. DTE earlier this month said it would sell some of its Barnett stake to an undisclosed buyer (see NGI, Dec. 10). The newly acquired properties are located in the Texas counties of Tarrant, Denton, Johnson, Ellis, Parker and Hill. Current production is 14 MMcfe/d, which is expected to increase to 18 MMcfe/d early next year when several newly drilled wells are placed in production, Range said. The company said the properties to be acquired now have 51 producing wells, and another 183 drilling locations have been identified. Proven and unproven reserves are estimated at 334 Bcfe. The combined transaction is expected to close in January, and Range intends to initially finance the purchase by drawing on its bank credit facility. However, it also has identified “several noncore properties” in its existing property base that it plans to sell next year to fund the acquisitions. Production from the acquired properties is expected to offset production lost through these property sales, Range said. The assets to be sold were not disclosed.

December 17, 2007

Constellation E&P Expands CBM Holdings in Cherokee Basin

Constellation Energy Partners LLC (CEP) expanded its coalbed methane (CBM) and gas shale holdings in the Cherokee Basin of Oklahoma with an agreement to buy AMVEST Osage Inc. from the Osage Indian Nation for $240 million. The sale is expected to close by the end of the month.

July 16, 2007

Constellation E&P Expands CBM Holdings in Cherokee Basin

Constellation Energy Partners LLC (CEP) expanded its coalbed methane (CBM) and gas shale holdings in the Cherokee Basin of Oklahoma with an agreement to buy AMVEST Osage Inc. from the Osage Indian Nation for $240 million. The sale is expected to close by the end of the month.

July 16, 2007

Trunkline Pipe Expansion in TX, LA Gets Environmental Nod

FERC last Monday gave the environmental go-ahead for Trunkline Gas Co.’s proposed pipeline expansion to increase access to Texas’ growing natural gas production, storage fields, pipelines and liquefied natural gas (LNG) terminals.

March 12, 2007