Voluntary

Jones Energy Holdings (JEH) has acquired all of the producing properties in the Arkoma Basin owned and operated by Southridge Energy LLC and Pablo Energy II, which includes 20 MMcfe/d of current net production and more than 77,000 gross acres located primarily in the liquids-rich fairway of the Woodford Shale in Oklahoma’s Coal and Atoka counties, JEH said Wednesday. Terms of the deal were not disclosed.

A new website that provides a list of chemicals used in hydraulic fracturing is already becoming popular after its launch on Monday.

The Interstate Oil and Gas Compact Commission (IOGCC) and the Ground Water Protection Council (GWPC) have launched an effort to disseminate information on chemicals used in hydraulic fracturing, Railroad Commission of Texas (RRC) Chairman Victor G. Carrillo announced.

The Federal Energy Regulatory Commission approved Cadeville Gas Storage LLC’s application to build a planned gas storage facility in Ouachita Parish, LA, approximately 10 miles southwest of Monroe. Storage services are scheduled to begin in 2012. The three- to four-turn facility is being designed to provide a peak deliverability of 420 MMcf/d and a peak injection of 420 MMcf/d. Cadeville plans to convert a depleted gas reservoir to develop a total of 16.5 Bcf of working capacity. The facility would have the ability to interconnect to Tennessee Gas Pipeline Line 100, Gulf South’s Middle 30, Gulf South’s 42-inch East Texas to Mississippi Expansion, Texas Gas Transmission, CenterPoint Energy Line CP and Energy Transfer Partners’ 42″ Tiger Pipeline. Open seasons held in 2009 (see NGI, April 6, 2009) and earlier this summer (see NGI, May 31) received total bids for more than twice the amount of working gas capacity proposed in its application, according to Cadeville.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) last Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

TXCO Resources Inc., which has been struggling to remain afloat for months, on Monday filed for voluntary bankruptcy under Chapter 11. The filing, said the independent, was “precipitated by a series of events that led to a contraction” in liquidity.

Less than a year after its launch as a publicly traded independent, Oklahoma City-based Crusader Energy Group Inc. has filed for voluntary bankruptcy protection. Crusader primarily develops unconventional resource plays. Most of its production has focused on the Anadarko Basin, the Barnett Shale, Delaware Basin, Val Verde Basin and the Bakken Shale. Crusader until early 2008 was privately held, but last June it completed a merger with Dallas-based Westside Energy Corp. and began operating as a public company (see Daily GPI, June 30, 2008). At the end of 2007 the combined companies had a net proved reserve base of more than 150 Bcfe, 80% weighted to natural gas, with an estimated reserve life of 15.8 years. Combined production at year-end 2007 was more than 26,000 Mcfe/d, 75% gas. The total leasehold at the end of 2007 was more than 765,000 acres (316,000 net), with 92% undeveloped. The Chapter 11 filing was made in U.S. Bankruptcy Court for the Northern District of Texas. Crusader is “continuing its discussions with various parties regarding strategic alternatives, which may include a potential sale of all or substantially all of its assets, a sale of the company or reorganizing the company and its existing capital structure…” Based on its current financial condition, management determined that “it was in the best interest of the company and all of its stakeholders” to seek bankruptcy protection.