Japan’s giant trading house Marubeni Corp. last week struck a $270 million deal to acquire a chunk of Marathon Oil Corp.’s gas-rich acreage in the Denver-Julesburg (DJ) Basin.
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Enterprise, Anadarko Ink Another Eagle Ford Deal
Enterprise Products Partners LP and Anadarko Petroleum Corp. have struck another midstream services deal to handle growing production from the Eagle Ford Shale of South Texas.
LNG Waits in Wings for Devastated Japan
As Japan struggled Monday to prevent a catastrophe at nuclear reactors crippled by the earthquake and tsunami that struck the country last week, both Russia and Qatar said they were willing and able to step in with supplies of liquefied natural gas (LNG) to take up the slack for lost power generating capacity.
Legend Natural Gas Enters Barnett with Range Assets
Legend Natural Gas IV LP stepped forward Thursday as the buyer of Range Resources Corp. Barnett Shale assets. Legend said it had struck two deals totaling $1 billion, one of them with Range in the Barnett of North Texas.
Industry Brief
Copano Energy LLC said it has struck long-term contracts with several Eagle Ford Shale producers, including Abraxas Petroleum Corp., Paloma Resources, Petrohawk Energy Corp., Pioneer Natural Resources, Reliance Eagleford Upstream Holding LP, Newpek LLC and Riley Exploration. It has also expanded its contract with GeoSouthern Resources to include a larger acreage dedication. Copano will provide gathering, compression, processing and fractionation services for the producers in portions of DeWitt, Karnes and Live Oak counties, TX, under the contracts, which are primarily fee-based. Copano has secured firm producer commitments for aggregate production of up to 120,000 MMBtu/d and additional commitments for production from approximately 135,000 gross acres in the Eagle Ford. Copano also said it will extend its DK Pipeline by 58 miles through Lavaca County, TX, to connect with the DK Pipeline system into its Houston Central Complex.
Kinder Morgan-Copano Energy JV Inks Eagle Ford Deal
Eagle Ford Gathering LLC, a joint venture (JV) of Kinder Morgan Energy Partners LP and Copano Energy LLC, has struck a long-term agreement to provide natural gas gathering, transportation, processing and fractionation services to Anadarko E&P Co. LP in the Eagle Ford Shale, the companies said.
DCP Midstream Inks Eagle Ford Deal
DCP Midstream LLC has struck long-term agreements with Pioneer Natural Resources USA Inc., Reliance Eagleford Upstream Holding LP and Newpek LLC (combined known as Pioneer JV) to provide midstream services to handle liquids-rich production from the Eagle Ford Shale in South Texas.
Tax Extension Package Benign for Energy
The tax deal struck between President Obama and congressional Republicans last week does not appear to have any adverse “pay-fors” for oil and natural or an increase in taxes for energy, said an official with a producer association.
Chesapeake Adds to Eagle Ford Leasehold
Chesapeake Energy Corp. is paying $200 million cash for the Yellow Rose and Bluebonnet assets in the Eagle Ford Shale of Antares Energy Ltd. and partner San Isidro Development Co, Antares said Monday.
Multi-Market Access From Eagle Ford Offered
A unit of NET Holdings Management LLC has struck a long-term, fee-based gas transportation agreement with Murphy Exploration & Production Co. — USA that includes a 100,000-acre dedication in the dry gas window of the Eagle Ford Shale, NET said Monday.