Pavillion, WY — where the federal government’s testing of water led to early concerns about the use of hydraulic fracturing (fracking) in nearby natural gas wells — has begun a state-sponsored mitigation program installing cisterns for residents who have been, or potentially could be, impacted by contaminated water. To date, there is no conclusive evidence one way or the other.
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Industry Brief
Encore Energy Partners LP(ENP) closed on an acquisition of producing oil and natural gas assets in the Permian Basin of West Texas for a net price of $14.8 million from a private seller. The properties have estimated total net proved reserves of 1.03 million boe, of which 87% are oil and natural gas liquids (NGL). They are 51% proved developed, and current production is about 115 Boe/d. The effective date of the acquisition was May 1, 2011. ENP also said it agreed to acquire certain nonoperated working interests in producing oil and natural gas assets in Sweetwater County, WY, from an undisclosed seller for $28.5 million. The assets have estimated total proved reserves of 4.175 million boe, of which 65% are natural gas and 35% are oil and NGLs. They are 90% proved developed, and net production attributable to the acquisition is 880 boe/d. Closing is expected in September with an effective date of June 1, 2011. ENP said it made new oil and gas hedges covering a substantial portion of the estimated production related to proved developed reserves from both acquisitions for the next several years.
Transportation Notes
Rockies Express said it lifted a force majeure Thursday for its booster facility at the Wamsutter Echo Springs interconnect in Sweetwater County, WY.
Transportation Notes
Rockies Express said it lifted a force majeure Thursday for its booster facility at the Wamsutter Echo Springs interconnect in Sweetwater County, WY.
MDU Snaps Up Green River Gas in $113M Deal
MDU Resources Group’s production subsidiary Fidelity Exploration & Production Co. said it has acquired producing natural gas properties located in the Green River Basin in Sweetwater and Carbon counties in southwest Wyoming for $113 million from an undisclosed seller.
MDU Subsidiary Snaps Up Green River Gas in $113M Deal
MDU Resources Group’s production subsidiary Fidelity Exploration & Production Co. said it has acquired producing natural gas properties located in the Green River Basin in Sweetwater and Carbon counties in southwest Wyoming for $113 million from an undisclosed seller.
MDU Subsidiary Snaps Up Green River Gas in $113M Deal
MDU Resources Group’s production subsidiary Fidelity Exploration & Production Co. said it has acquired producing natural gas properties located in the Green River Basin in Sweetwater and Carbon counties in southwest Wyoming for $113 million from an undisclosed seller.