Pennsylvania natural-gas production jumped 69% last year as infrastructure necessary to get the fuel to market became available – offsetting a significant drop in drilling activity, the EIA announced.
Oxford Catalysts Group announced that project economics look “strong” for a proposed 1,400 barrel (bbl.) per day Pennsylvania gas-to-liquids (GTL) project for Calumet Specialty Products Partners.
Long-term, fee-for-service contracts underpin new fractionator, new deep cut facility and increased pipeline capacity to meet growing demand for NGL services.
E2 will build, own and operate two gas gathering compressor stations and condensate stabilization assets in Noble and Monroe counties in the southern portion of the Utica shale play in Ohio.
Planning connectivity to storage, fractionation, petchem and export facilities in the Gulf Coast as well as support of petchem facilities in the Northeast U.S.
Enterprise will purchase the shares of the private company for $12 million and will be funded by cash, asset debt financing, and $1,000,000 in vender take-back financing to be paid over two years.
The project will allow Mercuria Energy Trading Inc. to source crude from various origination locations including Cushing, Oklahoma, West Texas, the Bakken shale area and western Canada for delivery by rail into the Houston Ship Channel.
The project will involve the conversion from natural gas service to crude oil service of certain segments of pipeline that are currently in operation as part of the natural gas system of Trunkline Gas Company.
In the interim, Enterprise is working on new pump stations for the Seaway II and a 400,000- to 500,000-bbl. per day lateral from its Jones Creek terminal to Enterprise's ECHO terminal.