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Devon Sells Gas Assets to Linn
“Rigzone” reports Devon Energy Corp. is selling non-core gas properties to Linn Energy LLC for $2.3 billion. The transaction seems to make sense for both parties. Devon is continuing both an industry and company trend of selling gas assets for higher margin oil and liquids properties. Encana, Canada’s largest gas producer recently sold its interest… Read More
Enterprise Proposes Bakken to Cushing Pipeline
“Rigzone” reports that Enterprise Energy Partners LP has proposed a 1,200 mile pipeline from North Dakota to Cushing, Oklahoma to transport 340,000 barrels of oil per day (bopd). The project would be on stream by 2016. The proposal, the first for Enterprise in the state, would be the sixth pipeline initiative in the last two… Read More
North Dakota Hopes to Double Pipeline Capacity
“Rigzone” reports that the Prairie State wants to double pipeline capacity from its current level of 780,000 barrels of oil equivalent per day (boed) to 1.4 million. The state in general, and governor Jack Dalrymple in particular, are pro energy industry. However, concerns over flaring and safety have grown. While oil production in the state… Read More
Marcellus Drives Shale Gas Revolution
With production of 12 billion cubic feet per day (Bcf/d) the Marcellus shale is the premier shale gas play, not only in the U.S., but in the world, according to a recent article in “Rigzone”. Further, Wood MacKenzie, a consulting firm, predicts Marcellus production of more than 20 Bcf/d by 2018. These gains will be… Read More
Shale Production to Offset Hurricane Related Cutbacks
During hurricane season, oil and gas production platforms in the Gulf of Mexico are often shut-in for safety and environmental reasons. For example, in 2013, nearly two-thirds of oil and gas production in the Gulf was lost due to Tropical Storm Karen. While 23% of U. S. output is from offshore, the Energy Information Administration… Read More
