Williams, which has been expanding its onshore presence in the Marcellus and Utica shales, late Tuesday snagged a deal to significantly expand its onshore footprint in a $2.4 billion transaction to acquire half of the natural gas pipeline system once owned by Chesapeake Energy Corp.
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U.S. Gas, Oil Infrastructure to Remain in High Demand
Demand for natural gas and oil infrastructure equipment is on track to rise 6.3% a year between now and 2016 when it will total $12.1 billion, according to a report by industry market researcher The Freedonia Group Inc.
Eagle Ford an Oil Production Barn Burner, Say Analysts
The Eagle Ford Shale of South Texas is likely the biggest potential driver of U.S. oil production growth for the next five to 10 years with production on track to pass 1 million b/d by the middle of next year and 1.7 million b/d by the end of 2015, analyst at Raymond James & Associates said in a note Monday.
EIA: U.S. Gas Consumption to Grow, Marketed Output to Slow
The Energy Information Administration (EIA) on Wednesday said domestic natural gas consumption is on track to grow this year, while marketed production will slow.
Chesapeake CEO Sees Strengthening Natural Gas Prices
Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.
BNSF Railway Williston Capacity Now 1 Million Barrels/Day
The pipeline industry is a bit behind the times in capitalizing on the Williston Basin shale oil boom, but railroads like BNSF Railway are happy to accommodate oil producers with a means to get their product to market.
Chesapeake CEO: Days of Unsustainable Natural Gas Prices Soon Over
Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.
Access Midstream Earnings Boosted by Organic Growth
Access Midstream Partners LP, formerly Chesapeake Midstream Partners LP, reported that net income jumped more than 25% year/year in part because of increased business in the Marcellus and Barnett shales.
$1.75B Raised for Resource Play-Focused Midstream Fund
EnCap Flatrock Midstream LLC has closed its second private equity fund, EnCap Flatrock Midstream Fund II LP (EFM II), with commitments of $1.75 billion.
U.S. Exports to Canada Closing in on 1 Tcf
Exports of U.S. gas into Canada are on track to top 1 Tcf this year, having increased six-fold from 158 Bcf in 2001, at the same time Canadian pipeline deliveries into the United States continue to slide.