Castleton Resources LLC has agreed to acquire the Terryville upstream assets in Northern Louisiana from Range Resources Corp. subsidiaries for $245 million plus the potential for $90 million in additional proceeds contingent on future commodity prices. At the time of the agreement, the assets were producing 160 MMcfed, Range said as part of its second quarter report released Aug. 3.
Under the terms of the agreement, Range will retain certain midstream commitments through their remaining term. Range said it ...
Align Midstream Partners II LLC, Dallas, has completed the TOPS pipeline and formed a joint venture in the pipeline with Sabine Oil & Gas Corp., a fully owned subsidiary of Osaka Gas USA Corp. TOPS is a 30-mile, 16-in. OD natural gas gathering pipeline in the Carthage, Tex., area with interconnections to bring Haynesville shale production to downstream markets.
The transaction marks Osaka Gas USA's first US midstream acquisition.
Black Stone Minerals LP has launched an agreement with Aethon Energy for the development of its Shelby Trough Haynesville and Bossier shale acreage in Angelina County, Texas. The agreement includes minimum well commitments by Aethon in exchange for reduced royalty rates and exclusive access to Black Stone’s mineral and leasehold acreage in the area.
A minimum of four wells will be drilled in the initial program year, which starts in the third quarter of ...
First and foremost, I pray that this finds you doing well as the world endures through these difficult times. As we all seek to find solutions to the issues currently facing us, as well as those ahead, it is my sincerest hope that your basic needs are met, and you can find things to be thankful for despite any uncertainty of the future.
As we turn the focus to oil and gas, our ...
Sempra LNG, a subsidiary of Sempra Energy, revealed that Cameron LNG's second train of the liquefaction-export infrastructure project in Hackberry, La., has begun commercial operations.
"We are excited that our first liquefaction project is nearing completion and we couldn't be more pleased that Cameron LNG is already contributing to position the U.S. as one of the top LNG-producing countries in the world," said Lisa Glatch, chief operating officer of Sempra LNG and board chair ...
The increasing divergence between oil prices and spot liquefied natural gas (LNG) prices has created strong incentives for Asian buyers under long-term LNG contracts to seek price adjustment and other forms of LNG contract flexibility such as diversion rights and quantity flex. While the commercial realities of a buyer’s market and low Henry Hub pricing has led to many ‘buyer friendly’ changes to contract terms, force majeure (FM) clauses have remained relatively unchanged and ...
YCl Methanol One LLC has let a contract to WorleyParsons Ltd. to provide commissioning and startup services for YCI Methanol’s $1.85 billion grassroots methanol plant now under construction on the Mississippi River in St. James Parish, La.
The first phase of the greenfield complex, which will produce 1.7 million tonnes/year of methanol using Air Liquide SA’s proprietary MegaMethanol technology, is scheduled to be fully operational and ready for production in late 2020, Worley said.
Enterprise Products Partners LP has started operations at its new Bulldog cryogenic natural gas processing plant in Panola County, Texas. The facility can process 200 million cubic feet per day (MMcf/d) of natural gas and extract up to 12,000 barrels per day (BPD) of natural gas liquids (NGLs).
Combined with Enterprise’s existing Panola cryogenic facility, this new plant gives the company the capacity to process a total of 320 MMcf/d and produce in excess of 18,000 ...