Wet vs. Dry Gas – What can you do with it?

As part of our partnership with the folks at Sunoco Logistics to explore the similarities and differences between wet and dry natural gas, today we are taking a look at the use possibilities.  If you missed the first infographic, be sure to check out this post which explains the difference between the two types of natural gas produced in the Marcellus. Natural gas liquids are the building blocks of many products When wet natural gas is produced, it must be processed to separate the different components it contains, such as water and hydrocarbons. Natural gas liquids, such as butane, ethane and propane, are other forms of hydrocarbons, which can be used for many different products. Butane is commonly known as the flammable liquid in handheld lighters, propane is often used for heating in homes or as a fuel source for grills and propane is a chemical building block found in many different kinds of plastic products we use every day. The average American citizen will come into contact wi
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Schlumberger acquiring Cameron in $14.8 billion cash and stock deal

Schlumberger, the world’s largest oilfield services company, and fellow services firm Cameron, originator of the oilfield blowout preventer, said Wednesday they’re merging in a $14.8 billion cash and stock deal. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on Aug. 25, the deal values Cameron at $66.36 per share – a 37% premium to Cameron s 20-day volume weighted average price of $48.45/share, and a 56.3% premium to Cameron s most recent closing stock price of $42.47/share. Upon closing, Cameron shareholders will own roughly 10% of Schlumberger s outstanding common shares, Kallanish calculates. We believe that the next industry technical breakthrough will be achieved through integration of Schlumberger s reservoir and well technologies with Cameron s leadership in surface, drilling, processing and flo
http://www.shaledirectories.com/blog/schlumberger-acquiring-cameron-in-14-8-billion-cash-and-stock-deal/

Canada’s Encana selling Haynesville natural gas assets for $850 million

Canada’s Encana said Tuesday its Encana Oil & Gas (USA) unit is selling for $850 million its Haynesville natural gas assets to a joint venture formed by GeoSouthern Haynesville and GSO Capital Partners-managed funds. Through transfer of current and future obligations, Calgary-based Encana will reduce its gathering and midstream commitments by roughly $480 million on an undiscounted basis. Buyer and seller also have agreed to Encana transporting and marketing GeoSouthern s Haynesville production on a fee-for-service basis for the next five years. Encana said it will use the cash to reduce its net debt. This transaction delivers significant proceeds that we ll use to strengthen our balance sheet,” said Doug Suttles, Encana CEO. “In addition, it eliminates our midstream commitments in the Haynesville and captures ongoing revenue upside through a gas marketing arrangement. Encana s Haynesville natural gas assets include roughly 112,000 acres of leasehold, plus additional fee mineral
http://www.shaledirectories.com/blog/canadas-encana-selling-haynesville-natural-gas-assets-for-850-million/

America Works on Misleading the Public

The following was originally posted to the Commonwealth Foundation‘s blog on July 13, 2015 by Bob Dick and Nathan Benefield. Although posted more than a month ago, this information is still extremely relevant and worth sharing.You can follow the Commonwealth Foundation on Twitter at @Liberty4PA.——-America Works USA, an affiliate of the union-funded Democratic Governors Association, recently launched an ad campaign in support of Gov. Wolf’s effort to raise taxes on middle- and low-income people.
http://www.shaledirectories.com/blog/america-works-on-misleading-the-public/

America Works (On Misleading the Public)

Guest Post: America Works (On Misleading the Public)The following was originally posted to the Commonwealth Foundation‘s blog on July 13, 2015 by Bob Dick and Nathan Benefield. Although posted more than a month ago, this information is still extremely relevant and worth sharing.You can follow the Commonwealth Foundation on Twitter at @Liberty4PA.——-America Works USA, an affiliate of the union-funded Democratic Governors Association, recently launched an ad campaign in support of Gov. Wolf’s effort to raise taxes on middle- and low-income peopleThe group, bolstered by a war chest of at least $500,000, took to the airwaves with radio and TV ads slamming the Republican budget and touting Gov. Wolf’s budget as a practical alternative. Regrettably, the ads are chock-full of misinformation. Although the ads aren’t very long, we identified seven erroneous claims, each of which are corrected below.Claim #1: The Republicans’ budget lets oil and gas drillers “of the hook.”R
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Antero contracts for $275 million wastewater treatment complex in West Virginia

Oil and gas independent Antero Resources has contracted with Veolia Water Technologies to design-build a $275 million wastewater treatment complex in Doddridge County, West Virginia.The complex includes a 60,000 barrel per day (BPD) facility that will allow Antero to treat and reuse flowback and produced water rather than permanently dispose of the water via injection wells, Kallanish understands. Denver, Colorado-based Antero will own the treatment assets including ancillary facilities. The complex will be centrally located in Antero s footprint in the southwestern core of the Marcellus Shale play with the ability to serve the company s development in both the Marcellus and Utica Shale plays.One of the largest players in the Marcellus and Utica, Antero owns roughly 410,000 acres in the Marcellus in northern West Virginia/southwesten Pennsylvania. In the Utica, Antero owns more than 149,000 acres in eastern Ohio.  Our concentrated acreage position in the core of the Marcellus and
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Expanded Dry Gas Gathering System in Utica Shale Play

MarkWest, EMG expanding Utica gas-gathering capabilities via new $1 billion projectMarkWest Energy Partners and The Energy & Minerals Group (EMG) late Wednesday announced development of a new $1 billion dry gas gathering system in the Utica Shale, Kallanish reports.The system will be underpinned by a long-term, fee-based contract with Ascent Resources–Utica, a subsidiary of former Chesapeake Energy CEO And co-founder Aubrey McClendon’s Ascent Resources. The producer has dedicated roughly 100,000 acres in northern Belmont and Jefferson counties, Ohio, to the system.Dry-gas production from Ascent’s acreage is expected to support the system’s initial growth; however, the new system will also gather dry gas from other producers, according to the partners.“Our system will be a critical new gathering option, and we anticipate total investment could exceed $1 billion over the next three years,” said Frank Semple, MarkWest CEO.The system will be designed to gather more than 2 bi
http://www.shaledirectories.com/blog/expanded-dry-gas-gathering-system-in-utica-shale-play/