Gastar Exploration Ltd.said it is closing on the sale of its East Texas properties toCubic Energy Inc., a transaction that was delayed multiple times to accommodate the financing needs of Cubic (seeShale Daily,Sept. 25). Gastar said it expects to receive $39.2 million in proceeds in addition to the $4.7 million deposit previously paid by Cubic by Oct. 2. The deal was announced in April (seeShale Daily,April 23).
Articles from Treating
FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission’s proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.
Honeywell’s UOP business is buying a 70% stake in Thomas Russell Co., a privately held provider of technology and equipment for natural gas processing and treating. UOP provides process technology, materials and equipment to petroleum refining, petrochemical, and gas processing industries. It will now be able to offer a range of technologies and products that allow shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value natural gas liquids (NGL). Founded in 2002, Tulsa, OK-based Thomas Russell specializes in the design, engineering, fabrication and start-up of skid-mounted modular packaged plants systems for the recovery and upgrading of NGLs. UOP is paying $525 million in cash for the interest and has a right to acquire the remaining 30% stake. Closing, subject to conditions, is expected during the fourth quarter.
EagleClaw Midstream Services LLC, which provides natural gas and crude oil producers in the Permian Basin with gathering, compression, treating, processing and transportation services, has secured a $100 million equity commitment from EnCap Flatrock Midstream of San Antonio (see Shale Daily, Aug. 2). The company, headquartered in Midland, TX, is pursuing greenfield and acquisition opportunities in the region. EagleClaw is led by President Robert Milam, COO Curtis Clark and Executive Vice President of Commercial Development Charles S. Kuss. “While it has been one of the most prolific basins in North America for a long time, there has been a dramatic resurgence over the past year or two, and it’s more active than ever before,” Milam said of the Permian. “There are more than 500 rigs at work in the area, and production is reaching new highs.”
DCP Midstream LLC plans to build a 75 MMcf/d gas processing plant in Glasscock County, TX, and an associated low-pressure gathering system to service producers focused on the Wolfberry play in the Permian Basin of West Texas.
A new system for treating shale well flowback water at or near the source was introduced Tuesday near Fort Worth, TX, by Fountain Quail Water Management, a unit of Calgary-based Aqua-Pure Ventures Inc.
A breakthrough technology using an absorbent form of silica removed nearly all of the petrochemicals from water produced by hydraulic fracturing (hydrofracking) in natural gas shale wells and other geologic formations, Energy Department scientists reported late last week.
Enbridge Energy Partners LP (EEP) plans to invest $175 million to expand its East Texas system to provide gathering, treating and transmission services for several major gas producers on the Texas side of the Haynesville Shale, the Houston-based partnership said Thursday.
A pair of water advocacy groups claim that two Pittsburgh-area treatment plants have been discharging oil and gas wastewater without proper permits.