NuStar Crude Oil Pipeline LP is holding a binding open season through Aug. 30 for capacity to transport Eagle Ford Shale crude oil from several terminal locations on its South Texas Crude Oil Pipeline System in Frio, McMullen, and La Salle counties, TX, to its Corpus Christi, TX, North Beach facility. The proposed South Texas System Project would include pipeline capacity upgrades to the segments of the South Texas System between NuStar’s Gardendale Terminal in La Salle County and NuStar’s Corpus Christi Terminal in Nueces County, TX, and would be constructed in two phases. The first phase would add incremental capacity to the South Texas System of 35,000 b/d; the second phase would add incremental capacity to the South Texas System of 65,000 b/d. For information, contact Mark Meador or Rick Webb at (210) 918-2000.
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Tennessee Offering Capacity on Cameron LNG Terminal Supply Pipe
Nearly two months after securing Mitsubishi Corp. as its foundation shipper, Tennessee Gas Pipeline is holding an open season through Aug. 9 for its Southwest Louisiana Supply Project, which is designed to provide transportation from various supply basins in Ohio, Pennsylvania, Texas and Louisiana to Cameron Interstate Pipeline, which connects directly to the proposed Cameron LNG export terminal in Hackberry, LA.
Number of Unfracked Wells Grows in North Dakota
With logistics for moving hydraulic fracturing (fracking) equipment snarled by mostly foul weather through May, North Dakota is facing a growing backlog of unfracked wells, according to Lynn Helms, the state’s director of the Department of Mineral Resources (DMR).
Forest Oil Offering Texas Panhandle Properties
Denver-based Forest Oil Corp. said Monday it will market its Texas Panhandle oil and gas assets after having received unsolicited interest in the properties. A deal could garner $1 billion or more and would be “transformative” for the company, one analyst said.
Kodiak Completes Bakken, Three Forks Acreage Acquisition
Denver-based Kodiak Oil & Gas Corp. has completed its acquisition of 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC. The deal included core Bakken and Three Forks producing properties in addition to undeveloped leaseholds.
Marcellus Pushed Range Production 27% Higher in 2Q2013
Driven primarily by the continued success of its drilling program in the Marcellus Shale, Range Resources Corp. saw its production volumes surge to a record high of 910 MMcfe/d in 2Q2013, a 27% increase over 2Q2012, the Forth Worth, TX-based company said Thursday.
Pennsylvania 2012 Impact Fee Made $102.7M for Localities
The Pennsylvania Public Utility Commission (PUC) said Thursday that localities affected by oil and gas drilling in 2012 will collectively receive $102.7 million from impact fee revenue generated by Act 13, the state’s omnibus Marcellus Shale law.
California Summer Power Looks Good; More Gas Plants Coming
Southern California Edison Co. (SCE) officials said Southern California power supplies will be adequate through the summer, and as many as three new or upgraded natural gas-fired plants with a total of more than 1,800 MW are scheduled to begin operations by the end of September.
Sanchez Production Skyrocketing on South Texas Acquisition
Sanchez Energy Corp. has revised its spending and operations guidance following the closing of the acquisition of South Texas assets from Hess Corp.
Industry Briefs
Enterprise Products Partners LP is holding a binding open season from June 5 through July 11 for capacity to transport propane to Mont Belvieu, TX, on the Appalachia-to-Texas (ATEX) pipeline. The ATEX pipeline has long-term contracts in place for ethane transportation to Mont Belvieu. The addition of propane service will not impact Enterprise’s obligations to ethane shippers. To accommodate propane shipments, Enterprise would loop a portion of ATEX, add pumping capacity and install additional facilities for the delivery of specification ethane and propane at destination points. “Transporting propane to Mont Belvieu, the largest, most liquid trading and storage hub, will provide northeast producers with a reliable outlet for their excess propane and help maximize the value of their production,” said Michael Creel, CEO of Enterprise’s general partner. For information, contact Russ Kovin at (713) 381-7925, or rkovin@eprod.com.
