Ryckman Creek Resources LLC, a unit of Peregrine Midstream Partners LLC, said it received bids for three and a half times the capacity offered during a recent open season for firm gas storage service at its high-deliverability, multi-cycle Ryckman Creek Gas Storage facility in Uinta County, WY. The offer of 8 Bcf of capacity available April 1 received market-priced bids from 23 companies, the company said. The facility began commercial operations last August (see Daily GPI, Aug. 22). “We will now begin working with the top bidders to finalize new firm service agreements that will commence next spring with our initial firm service agreements that we entered into after our first open season two years ago,” said Peregrine COO Jeff Foutch.
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Articles from Unit
Shale Gas Development to Pay Down the Line, says Chief CEO
Development of the nation’s shale natural gas plays may be a thankless job for producers today, but its value will pay off in the years to come, according to the CEO of Chief Oil & Gas LLC, who hopes to expand his company’s presence in the Marcellus and Utica shales.
November 16, 2012
GE, Clean Energy to Build LNG Vehicle Fuel Plants
A unit of General Electric and natural gas vehicle (NGV) fuel supplier Clean Energy Fuels Corp. said Tuesday they will partner on the development of two liquefied natural gas (LNG) production/storage facilities to help fuel Clean Energy’s proposed national network for fueling long-haul trucking fleets with LNG.
November 14, 2012
MarkWest Sees ‘Explosive Growth’ in 2013
MarkWest Energy Partners is getting ready for “explosive growth” in the Northeast “in 2013 and beyond,” CEO Frank Semple said Thursday. Next year, natural gas liquids (NGL) processing in the Marcellus and Utica shales combined should increase to 4.8 Bcf/d from 2.7 Bcf/d to serve producer customers.
November 12, 2012
Sempra Exiting Gas-Fired Merchant Power Market
With its natural gas and power unit showing red ink in the face of historically low wholesale gas and electricity prices, Sempra Energy is in the process of exiting the merchant power sector where it has been selling off nonrenewable assets, CEO Debra Reed said Tuesday during a quarterly earnings conference call with financial analysts.
November 8, 2012
Seneca Resources Shifting Marcellus Rigs to Run on LNG
In a pair of deals announced Thursday, Seneca Resources Corp., the exploration and production unit of National Fuel Gas Co., laid out plans to continue shifting its Marcellus Shale drilling rigs from diesel fuel to liquefied natural gas (LNG).
October 29, 2012
Sempra to Help Meet Growing Mexico Gas Demand
Mexican state-owned electric utility Comision Federal de Electricidad (CFE) chose a unit of Sempra International to construct, own and operate a 500-mile, $1 billion pipeline network to deliver gas to power plants in the northwestern Mexico states of Sonora and Sinaloa. It’s the latest in multiple projects intended to meet growing demand for gas in Mexico, particularly for power generation.
October 29, 2012
Magnum Hunter Buying 51,500 Appalachian Acres
Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.
October 29, 2012
Magnum Hunter Buying 51,500 Appalachian Acres
Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.
October 26, 2012
Carrizo Inks Another Niobrara JV
Carrizo Oil & Gas Inc. is forming a joint venture (JV) in the Niobrara formation with Haimo Oil & Gas LLC, a unit of China’s Lanzhou Haimo Technologies Co. Ltd. Separately, the company announced third quarter production growth for oil, condensate and natural gas liquids (NGL).
October 26, 2012
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