Wells

Crestwood Midstream Partners LP has agreed to acquire Tristate Sabine LLC from affiliates of Energy Spectrum Capital, Zwolle Pipeline LLC and Tristate management for $65 million in cash at closing plus a deferred payment of $8 million one year later. The entities to be acquired own and operate 52 miles of gas gathering pipelines in Sabine Parish, LA, known as the Tristate System, which serves Haynesville and Bossier shale production from the Toledo Bend South field area for delivery to Gulf South Pipeline and Tennessee Gas Pipeline. Contracts dedicate about 20,000 acres under long-term, fixed-fee arrangements, and capacity is being expanded to 100 MMcf/d for gathering and 80 MMcf/d for treating. The acquisition is expected to close on Nov. 1 and will be financed with borrowings under Crestwood’s credit facility.

With the bar continually raised on the estimated ultimate recoveries (EUR) from wells drilled in U.S. shale gas plays, determining how to value unconventional acreage is proving to be a diverse, complicated process, according to a new report.

A federal appeals court ruled Tuesday that the U.S. Forest Service (USFS) can’t refuse to give operators permission to drill in the Allegheny National Forest while it conducts an environmental impact study there.

New Jersey Gov. Chris Christie on Thursday issued a conditional veto of legislation that would have permanently prohibited wells in the state from being hydraulically fractured (fracked). However, the Republican governor issued a one-year moratorium on the well stimulation technique and recommended that state lawmakers take up the bill again and revise it.

New Jersey Gov. Chris Christie on Thursday issued a conditional veto of legislation that would have permanently prohibited wells in the state from being hydraulically fractured (fracked). However, the Republican governor issued a one-year moratorium on the well stimulation technique and recommended that state lawmakers take up the bill again and revise it.

Proposed legislation to require natural gas operators to pay for the costs to remediate contamination caused by drilling wells is being floated by New York State Comptroller Thomas DiNapoli.

Chief Oil & Gas LLC has paid $180,000 in fines for two violations discovered last year at a well in Somerset County, the Pennsylvania Department of Environmental Protection (DEP) said Tuesday.

It’s going to be more costly to conduct hydraulic fracturing (fracking) of shale gas wells in the future due to increased regulation, said a former official with the Environmental Protection Agency (EPA).

The New Brunswick Energy Commission (NBEC) has recommended that the province increase its reliance on natural gas as it transitions away from the use of other fossil fuels for heating, electricity and transportation.