Oneok Partners LP Thursday said it would spend between $980 million and $1.1 billion by 2014 on a slate of natural gas and natural gas liquids (NGL) midstream projects in Texas, Oklahoma and North Dakota.
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Four Producers to Anchor PVR Partners Marcellus Expansion
Midstream operations in the Marcellus Shale are significantly expanding for Penn Virginia Resource Partners LP (PVR), after the partnership inked agreements with four of the biggest natural gas producers to extend its Lycoming County, PA, pipeline system to provide access to multiple markets.
Consol Getting Wet in Shales in Early Drilling
Consol Energy Inc. began its shift toward liquids in the first quarter, moving into the wet-gas portions of the Marcellus and Utica shales of southwestern Pennsylvania, West Virginia and Ohio.
MarkWest Utica, Gulfport Set Sights on Utica Infrastructure
MarkWest Utica EMG LLC said Tuesday it has an agreement in principle with Gulfport Energy Corp. and some undisclosed producers to develop extensive midstream infrastructure in the liquids-rich portion of eastern Ohio’s Utica Shale.
ExxonMobil Swivels to North American Liquids
What does the largest North American natural gas producer do when prices aren’t going its way? Move rigs to liquids plays, ExxonMobil investor relations chief David Rosenthal said Tuesday.
North America Onshore Rig Count Flat in 2012, Says Schlumberger
North America’s land rig count is expected to be flat this year, with natural gas-directed drilling on the decline while liquids and oil drilling will strengthen, Schlumberger Ltd.’s CEO said Friday.
Southwestern to Nearly Double Marcellus Spending
Southwestern Energy Co. said it will spend slightly less next year in the Fayetteville Shale while it nearly doubles spending in the Marcellus Shale in Pennsylvania. Overall, Southwestern’s 2012 capital program is pegged at $2.3 billion, up from about $2.1 billion in 2011. Production is expected to climb about 15% from this year.
Granite Wash to Be Linn’s Primary Focus in 2012
With new liquids-rich properties in pocket, Linn Energy LLC said Monday it plans to spend $880 million in capital expenditures (capex) in 2012, with more than half allocated to the unconventional Granite Wash formation in Texas.
ConocoPhillips Puts Chips on E&P in 2012
ConocoPhillips, which is readying a spinoff of its refinery operations to reemerge as the largest pure-play explorer in North America, is planning to spend $15.5 billion for its capital program in 2012 and repurchase up to $10 billion more of its common stock.
Kodiak Ups Capex, Adds Bakken Acreage
Kodiak Oil & Gas Corp. says it plans to spend $585 million on capital expenditures (capex) in 2012, with $550 million going toward drilling and completing of 73 gross (51 net wells) in the Williston Basin, $25 million for infrastructure and $10 million for miscellaneous acreage acquisitions.