Stability Comes to Texas Energy Patch

Stability has come to the Texas oil and gas exploration and production sector, which is a good thing for producers and for consumers, said the economist who compiles the state’s monthly Texas Petro Index (TPI).

June 10, 2013

Industry Briefs

Inergy LP’s Tres Palacios 20-mile header pipeline extension is now in service, allowing shippers to transport up to 300 MMcf/d of natural gas from the tailgate of Kinder Morgan Energy Partners LP’s Houston Central gas processing plant in Colorado County, TX, to the Tres Palacios gas storage facility. The 24-inch diameter extension also enables delivery of gas from the Houston Central plant to any of the 10 interstate and intrastate pipelines interconnected with the Tres Palacios header system. “Beyond providing Eagle Ford Shale producers with significant new market options, we believe our new Houston Central interconnection will increase liquidity at the Tres Palacios hub point for marketers to access supply,” said Bruce Page, Tres Palacios vice president for commercial operations and business development. The Houston Central plant provides 700 MMcf/d of processing capacity and 22,000 b/d of fractionation capacity and is being expanded to process an additional 400-800 MMcf/d of rich gas from the Eagle Ford Shale.

June 7, 2013

Sanchez Production Skyrocketing on South Texas Acquisition

Sanchez Energy Corp. has revised its spending and operations guidance following the closing of the acquisition of South Texas assets from Hess Corp.

June 5, 2013

Index Shows Texas Oil and Gas Activity Stabilizing

Stability has come to the Texas oil and gas exploration and production sector, which is a good thing for producers and for consumers, said the economist who compiles the state’s monthly Texas Petro Index (TPI).

June 5, 2013

Kinder Morgan Shelves Permian-California Crude Pipeline

Following an unsuccessful open season, Kinder Morgan Energy Partners LP (KMP) has shelved plans for the Freedom Pipeline, which would have carried Permian Basin crude oil from Texas to California refineries.

June 3, 2013
Bluegrass NGL Pipeline Proposal Inches Forward

Bluegrass NGL Pipeline Proposal Inches Forward

Bluegrass Pipeline, which if sanctioned would carry surging mixed natural gas liquids (NGL) from the Marcellus and Utica shales to Northeast markets and Gulf Coast petrochemical complexes, faces some hurdles before it would be sanctioned, the project partners said Tuesday.

May 30, 2013

Industry Brief

Cheniere Energy Partners LP CEO Charif Souki said trains 3 and 4 of the Sabine Pass Liquefaction Project, which is being developed adjacent to the Sabine Pass LNG terminal, will be constructed after all milestones were completed on the first four liquefied natural gas (LNG) trains being developed. Cheniere, he said, expects to complete all of the “required resource reports” for trains 5 and 6 to file an application with the Federal Energy Regulatory Commission by September (see Daily GPI, March 7). Cheniere has secured the credit facility necessary for trains 3 and 4 (see Daily GPI, May 23). First LNG is slated for delivery by late 2015.

May 30, 2013

Texas Lawmakers Pass Oil/Gas Waste Bill

The Texas Senate has passed HB 2767, which is intended to encourage the recycling of wastewater from drilling and hydraulic fracturing operations for reuse rather than injection of the waste into disposal wells. The legislation aims to clear up legal ambiguities around responsibility for transferred drilling waste.

May 28, 2013

NERC Raises Concerns on Reliability Risks to Gas-Dependent Power System

The North American Electric Reliability Corporation (NERC) Wednesday released a follow-up assessment in which it raised concerns about the ability of an increasingly natural gas-dependent bulk power system to maintain reliability when the capacity to deliver gas supplies to generators is constrained.

May 23, 2013

North Dakota Official Says USGS Williston Assessment ‘Conservative’

The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.

May 17, 2013