Toyah I gas processing facility takes advantage of basin’s core area, trend of sales to Mexico.
TransCanada reported lower earnings on its liquids pipelines, however, in part because of lower uncontracted volumes on its Keystone crude pipeline to the U.S. and Marketlink line from Cushing, Okla., to the Gulf Coast.
The Stanford Board of Trustees said on April 25 it was not clear that the social injury caused by oil and gas companies outweighs the social benefit of providing energy to billions of people around the world.
The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.
The project will store ethane, propane, butane and y-grade products, meeting storage needs for wet gas producers in the Marcellus and Utica shales.
On March 31, Plains completed two transactions for about $250 million. Five additional transactions totaling about $250 million are either under contract or in advanced stages of negotiation.
The new offgas liquids extraction plant boosts domestic production of petchem feedstocks and significantly reduces emissions in the oil sands production process while recovering valuable NGL and olefins.
Moving oil and gas are top priorities, but in the current economic environment, the company wants to build infrastructure and commercially ship water gathering and disposal.
American crude oil, petroleum products, gas and NGL are going abroad. The United States' long-awaited role as a major exporter has begun – just as the world's gas market becomes oversupplied.
The transaction will enhance SMLP's growth profile with 80-90% of the adjusted EBITDA contribution coming from the high-growth Utica Shale.
State regulators said the data showed producers are not expecting prices to rise any time soon, marking a significant shift for operators in the number two U.S. oil producing state.
The new facilities will receive sweet natural gas, remove water and hydrocarbons, chill and compress the gas to meet transmission pipeline requirements and recover NGL from the gas streams.