Gathering

Runaway Train Calamity Underscores Crude-By-Rail Concerns

When a train carrying 72 tanker cars of Bakken crude oil derailed in the Quebec town of Lac-Mégantic, killing 47 people and destroying 40 buildings, it powerfully rekindled the debate over the merits of rail vs. pipeline delivery throughout the industry.

Energy Economics Conference Suggests Upcoming Plummet In Oil Prices

Rice University’s James A. Baker III Institute for Public Policy recently hosted a conference, “Energy Market Globalization: Investment and Commodity Price Cycles and the Role of Geopolitics.” Much discussion focused on the relationships of oil prices to other economic indicators, and whether these relationships indicated that oil prices may tumble in the near future.

Charlie Joyce: Born And Raised To Be A Pipeliner

The hallmark of the pipeline business has always been symbolized by the handshake. Never has there been a better example of this tradition than with Charlie Joyce and his family, owners of Otis Eastern Service, Inc., in Wellsville, NY.

Summit Midstream To Expand North Dakota Gathering Systems

Summit Midstream Partners, LLC announced an expansion of its Divide crude oil and water gathering system under construction in Williams and Divide counties, ND.

E&P Companies Cite Insufficient Pipeline Capacity Among Fastest-Growing Potential Threats

According to a study released by BDO USA, LLP, 80% of the 100 biggest publicly traded exploration and production companies by revenue listed insufficient pipeline, storage or trucking capacity as among the potential risks to their business for 2013. The study was conducted on the companies’ SEC 10-K filings, which list possible threats to their financial performance.

Americas Newfound Power: What U.S. Should Do To Capitalize On Shale, Renewable Energy Revolutions

It was hard not to do a double take when the story broke last November: By 2017, the headlines read, the United States would overtake Saudi Arabia as the world’s largest oil producer. And by 2025, the U.S. could be exporting more oil and gas than it imports.

Uneven Energy Transportation Infrastructure Delaying Full Global Benefits Of Shale Gale

Increased natural gas utilization, and to a lesser extent oil development, is being hampered by a lack of market liquidity and spot pricing for the commodities both domestically and abroad. Roadblocks include insufficient pipeline connectivity in North America and into Europe, a dramatic lack of international energy infrastructure in Asia, and the regulatory and environmental delays that prevent the necessary investments from going forward.

Australia Facing Hiatus In LNG Development

At APPEA 2013, Wood Mackenzie's head of Australia Upstream Consulting, Andrew McManus, warned Australia faces a hiatus in LNG projects as the focus of buyers has turned to the U.S., where he said customers can find potentially lower-cost, more flexible LNG and the opportunity to diversify supply portfolios.

California Dreaming? Could The Monterey Be Road To Oil Future?

“I think there is lots of opportunity. It is whether or not the economics can line up with the technology to get it out of the ground.” <em>– oil executive in Bakersfield</em> Between federal numbers crunchers, and a university and think tank-based report that surfaced earlier this year, California’s venerable Monterey Shale is stirring renewed dreams of California gold – black gold in the form of heavy crude.

Crosstex Holds Open Season For NGL Pipeline Project

NGL Pipeline, L.P., an affiliate of Crosstex Energy companies, held a binding open season for volume commitments for interstate common carrier transportation service on the proposed Crosstex NGL Pipeline that will transport unfractionated NGLs produced in the Permian Basin, Barnett Shale, Eagle Ford Shale and other areas from the Mont Belvieu area to NGL fractionation facilities in Acadia and Ascension parishes, LA for one year and to NGL fractionation facilities in Acadia and Iberville parishes thereafter.

Crestwood, Inergy Merge To Form $7 Billion Midstream JV

Crestwood Midstream Partners LP, Crestwood Holdings LLC and Inergy LP, Inergy Midstream LP have signed definitive agreements to create a fully integrated midstream partnership valued at $7 billion.

Koch Pipeline Launches Bakken Pipeline Project Non-Binding Open Season

Koch Pipeline Company, L.P. has announced that it will conduct Phase I of an open season for the Dakota Express Pipeline, a proposed pipeline to transport Bakken crude oil from western North Dakota to Hartford, IL and Patoka, IL.

Feds see twofold jump in Bakken, Three Forks oil, gas resources

The United States Geological Survey (USGS) has released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, showing the formations contain an estimated mean of 7.4 Bbbl of undiscovered, technically recoverable oil.

Shale Plays Should See Added Capacity Next 2 Years

While the federal Energy Information Administration (EIA) may have first logged shale gas development and production as far back as the mid-1990s, it has only been in recent years that shale plays have become universally recognized as a game-changer for the energy industry.

Atlas Energy Buys Eagle Ford Midstream Business For $1 Billion

Atlas Energy LP’s midstream subsidiary, Atlas Pipeline Partners (APL) LP, has a definitive agreement to acquire 100% of the equity interests of TEAK Midstream LLC for $1 billion.

Construction Starts On Pioneer Project

Dakota Plains Holdings Inc. and joint venture partner, Petroleum Transport Solutions LLC, an indirect wholly owned subsidiary of World Fuel Services Corp., report construction is underway for the Pioneer Project.

MarkWest To Provide Midstream Services In Utica Shale

MarkWest Utica EMG LLC, a joint venture between MarkWest Energy Partners LP and The Energy and Minerals Group, has agreements with PDC Energy Inc. to provide gathering, processing, fractionation, and marketing services in the Utica Shale in Ohio.

Chesapeake Awards Contract For Eagle Ford Production Facility

Strategy Engineering & Consulting LLC was awarded a contract by Chesapeake Energy to design a Central Production Facility (CPF) in the Eagle Ford Shale.

Crude Oil/Frac Sand Terminal Planned In New Mexico

Rangeland Energy expects to invest more than $150 million in a terminal and supporting infrastructure in Loving, NM. The company has contracts to purchase 770 acres near Loving and plans to begin development of a terminal facility capable of handling crude oil, frac sand, pipe and other products.

Continental Resources Bakken Crude Supply Agreement

Continental Resources Inc. has agreed to supply PBF with Bakken crude oil, which will be delivered by rail to PBF’s double-loop track at its refinery in Delaware City, DE.

North America: An Energy Rocket Ship If Mexico Gets Aboard

A panel discussion was recently waged by a Canadian, an American and a Mexican talking about North America’s energy future as the new Middle East for the rest of the world. Hyperbole was cheap, but chances of the provocative scenario becoming a reality ride squarely on the shoulders of Mexico. And everyone was OK with this.

Investment and Production Reach New Highs In Eagle Ford, Pipelines Lag Behind

The Eagle Ford Shale, stretching from the mid-south of Texas just shy of Corpus Christi north nearly to San Antonio and west to the Mexican border, continues to attract massive investments from energy companies. It’s not hard to see why. The play contains economically recoverable light crude oil and natural gas liquids in high proportion to currently low-priced gas.

Environmental Groups Challenges To Natural Gas Infrastructure Projects

Without question, the growing abundance of natural gas and the hydraulic fracturing process that has made it available have been a “game changer” for the energy industry - and have generated increased ire from the environmental community.

Crude Oil Trans-loading Terminal Planned In Powder River Basin

Enserco Midstream, LLC, a subsidiary of Twin Eagle Resource Management, LLC, plans to build and operate a crude oil trans-loading terminal to serve producers in the Niobrara and Bakken Shale formations and Canada.

Regency Energy Partners Expands Footprint In Permian Basin

Regency Energy Partners L.P. will acquire Southern Union Gathering Co. LLC, the owner of Southern Union Gas Services Ltd. (SUGS), from Southern Union Co., a jointly owned affiliate of Energy Transfer Equity L.P. and Energy Transfer Partners L.P. The $1.5 billion acquisition will significantly expand Regency’s presence the Permian Basin.

UGI, Tenaska Resources Sign Marcellus Shale Development Agreements

UGI Corp. has entered into agreements with Tenaska Resources LLC to jointly develop gas resources in the Marcellus Shale region in north-central Pennsylvania.

Southcross Completes Bee Line Pipeline

Southcross Energy Partners, L.P. has completed its 57-mile, 20-inch Bee Line pipeline that will transport liquids rich gas from the central Eagle Ford Shale to Southcross’ Woodsboro and Bonnie View processing and fractionation complex in Refurio County. The pipeline has capacity of 320 MMcf/d.

Crosstex Energy Consortium Creates E2 To Serve Utica Shale

The Crosstex Energy companies, Crosstex Energy L.P. and Crosstex Energy Inc., joined with the former management of Enerven Compression Services to form a new company (E2) that will provide services for producers in the liquids-rich window of the Utica Shale.

Editor's Notebook: Setting Standards

Some important news broke March 20 likely to have major implications for the oil and gas industry going forward. In Pittsburgh, which has become the business hub for the Marcellus Shale, a consortium of environmental organizations, energy companies and philanthropic foundations have formed the Center for Sustainable Shale Development (CSSD). The goal is to provide producers with certification of performance standards for shale development.

Williams/Boardwalk JV To Develop NGL Pipeline

Williams and Boardwalk Pipeline Partners have formed a joint venture to develop a pipeline to transport NGLs from the infrastructure-constrained Marcellus and Utica Shale plays to the rapidly expanding petrochemical and export complex on the U.S. Gulf Coast as well as the developing petrochemical market in the Northeast.